Although BitBase only presented their native token, BTBS, a short time ago – the Spanish company that has the largest network of Bitcoin ATMs in Spain and fifth on a European scale – it will be listed on Bittrex from the 17th of November.
The total token emission is 100 million BTBS, without the possibility to be incremented, only reduced by token burn when used in certain utilities.
Currently, the BTBS Price is at 0,5566 dollars that you can already buy on his web, ATMS, PancakeSwap, Uniswap and it coexists with various blockchains such as Ethereum and Binance Smart Chain which are currently the most used due to their public adoption and their liquidity. It’s a standard ERC20 based on the most recent version of OpenZeppelin, the largest and most audited library of smart contracts.
The “Permit” functionality of the “EIP-2612” (Ethereum Improvement Proposal), initially introduced by Uniswap, is added to the standard ERC20. This allows gas to be paid using BTBS tokens for each transaction instead of the native coin (ex. ETH), amongst many other benefits. The EIP-2612 opens a new range of utilities that wouldn’t be possible with the basic standard.
On Bittrex “all tokens have to go through a rigorous revision process”
BitBase was born in 2017 and since then has maintained continuous growth and always with a clear objective in mind: “Bring the crypto world closer to the public through simple, fast and secure financial services accessible to anyone”. This next step in the start-up’s journey, cofounded by Álex Fernández and Adrià Llorens, will prove to be a great step forward in establishing their native token.
Bittrex, located in Liechtenstein, is one of the world’s most secure commercial platforms. Their personalized and scalable negotiation engine allows all orders to be carried out in real-time which is very plausible as nowadays immediacy is highly valued. “All the new digital tokens that are seen on this platform must go through a very rigorous revision process”.
61 Bitcoin ATMs and 26 crypto stores
Spain’s leading cryptographic company had to have their native token listed on a platform such as Bittrex. During the presentation of the crypto Álex Fernández, BitBase’s CEO made clear that BTBS was going to live under the mother company but that its growth would be independent. “BitBase doesn’t need a token to continue to grow, so everything the crypto generates will be reinvested”.
As well as their 61 ATMs, BitBase also has 26 crypto stores which meet their objective of: making the crypto world more accessible for everyone. The latest 5 stores to be opened are 2 owned by the company itself located in Madrid and Valencia and 3 franchises located in San Sebastián, Lleida and Terrassa.
Their next objective is to create their own app and cross Spanish borders by opening BitBase stores in Dubai, Portugal, and France.
