[ad_1]
A token that launched only a few months ago, Buggyra Coin Zero (BCZERO), has cashed the first sixty coins by market capitalization, despite not having any white papers and no obvious technical teams to talk about.
The token recorded a growth of 1.929% during the month of December, and despite a small withdrawal, the value of BCZERO remains 1.93% higher than last month. So, what is BCZERO and where does it come from?
What is Buggyra Coin Zero?
The ERC20 based token was announced on Bitcointalk.org in September, as described in the post:
"… a platform for future financing of all types of payments to the Truck Racing community worldwide that is built on top of the Ethereum blockchain." (uppercase presented as found)
Apparently the Buggyra Team is a truck racing team that operates on the European circuit. Yes, truck racing. The team has won numerous racing championships and set several speed records in recent years, and holds a global presence in the truck driver community.
Other from the announcement of the project:
"It will act as a payment platform for the payment of Racing Series and Racing Events in China, India, Europe, Asea (sic) and South America, as well as for sponsorships, merchandising and fans."
The rest of the announcement describes the various destinations of the exotic world that will host the competitions for the team, and includes several low-resolution dramatic images of truck races.
So … What is Buggyra Coin Zero?
Well, or is the future of cryptocurrency, or one of the best worst-case use for technology that has ever been conceived.
Just consider how small the niche niche is right now. So keep in mind that this is the first time you hear about truck racing. Now tell me the chances that those two go through significantly.
No whitepaper is published either on the Bitcointalk ad or on the project website. The "team" section of the project includes the same people listed in the "consultants" section, and there is a lot in terms of blockchain / technology experience between them.
Members of the Bitcointalk forum remain skeptical, one of whom states:
"Some red flags here for people who are considering investing:
- no team (the "consultants" are apparently the team)
- promises the listing of the NASDAQ without providing any evidence of how this could happen
- promises a price increase of 5 times by 2021 … with scam standards that are not too many, but no currency can know exactly what is worth in 2 years
- very low volume, very high supply (10 billion) … this coin can be pumped for a few thousand dollars
… Also I have no idea what you should do with it. "
Price moves BCZERO
The five-fold increase promised in the above quote has already been clarified. BCZERO rose from $ 0.001904 to $ 0.038633 in December alone – an increase of 1.929%.
Exactly 100% of the transactions were carried out on the Livecoin stock exchange for the second day of January, as the price of the token continues to fluctuate. An average daily volume of $ 20,000 has transported BCZERO to all the gains described above.
Disclaimer: The author owns Bitcoin, Ethereum and other cryptocurrencies. It holds investment positions in the currencies, but does not carry out trading activities in the short term or daily.
Featured image courtesy of Shutterstock.
