The NFT market gains popularity as famous personalities acquire works of art in digital form. On the other hand, the lack of security and code standardization can bring uncertainty, especially for those just starting out. The BCUT token is part of a project that seeks to solve this.
Also known as bitsCrunch, it is a decentralized NFT platform. What draws attention is the use of artificial intelligence to provide quality analysis for investors in digital art.
Authenticity and security check
The creation of NFTs is interesting, especially given the popularity they have acquired. The fear of the crypto community is the lack of care with the authentication of digital works, that is, the lack of transparency in the preparation.
The bitsCrunch project presents a new concept for creating works of art in the digital world. It also brings precise studies on digital wallets and other assets on Web 3.0 on public blockchain. This makes the entire process clearer, allowing information on NFTs and other assets to be easily accessed.
The BCUT token’s multichain system goes beyond an aggregate of data for NFTs. With innovative resources available, users can both receive and offer suggestions for investments considered promising.
Integration between multiple networks
A multichain system exists on two or more platforms at the same time. One example is the Polkadot network. This is a great convenience for users in the crypto community, because it allows multiple transactions without going from one chain to another.
In addition to uniting several chains, the BCUT system brings together NFT markets into a single API. With the help of artificial intelligence, it is a comprehensive, easy-to-use and accessible tool for those looking for digital arts to invest in.
The platform carries out a very precise study on Web3 about NFTs. This process is called detailed forensic analysis. The relationship with the world of investigations is not done for nothing: this system identifies activities considered fraudulent, certifying the rarity and authenticity of digital arts.
Anti-fraud device
The concept of an NFT is to be unique and exclusive, but there are already those who produce it fraudulently and sell it as if it were exclusive, just like forgers of physical works of art.
The bitsCrunch system has a device that quickly finds and responds to counterfeits. It also implements educational and preventive measures regarding NFT fraud. Network verification processes bring more transparency to transactions.
The ecosystem also has a wash trading index, when an investor artificially inflates the value of an NFT by repeatedly buying and selling it. This indicator tells you how safe it is to buy or sell digital works of art on a blockchain.
Other advantages
The community actively participates in the ecosystem, through contributing codes or content. This allows us to improve and promote the platform to those who are not familiar with it. Another advantage is the integration of bitsCrunch data into multiple dApps via APIs.
The BCUT network uses a decentralized structure, like every blockchain, and is scalable. This means that it can handle a large amount of data simultaneously, without losing security and accuracy. This solves a problem with NFT markets, which deal with slow transactions.
BCUT Tokenomics
The maximum supply of BCUT token is 1 billion units, but this total is not available. Among what was distributed, 18% is in the bitsCrunch ecosystem, 10% was for private sale, 10% for airdrop and 15% is in the possession of developers.
Learn more about cryptocurrencies
The BCUT system brings security to the NFTs market, which has become popular. To follow the latest news from the crypto world, visit the NovaDAX blog. Stay up to date with blockchains, cryptocurrencies and investment tips.
