The intriguingly named Bata currency is traded in the form of BTA tokens. The major application of the currency is make barter trade easier, using the blockchain. The blockchain has been used for a number of applications, and the Bata is perhaps the pioneer of the barter application using the algorithm. The currency is decentralized and can be traded by anyone.
Transactions on Bata take place in two ways. Users can use the tokens to purchase goods and services. Or, they can get involved in bartering. Bartering does not involve traditional currency, and instead, is based on credit points earned. This offers users more flexibility, since they can exchange whatever they like. Also, the platform is supported by other users, and there is no central authority or intermediary to control trade.
The Bata currency is not offered through pre mining or ICO, and thus, there is no funding by selling the tokens. The currency is hybrid, so proof of work and proof of stake are both legitimate means to earn the currency. The currency offers all the superior strengths of blockchain, such as decentralization. The currency offers 0.25 tokens on mining each block, and block times are 90 seconds. This also offers rapid online transactions. There are around 10 million tokens in existence right now.
The currency is offered on exchanges such as Cryptopia, Yobit, and Livecoin. The currency can be exchanged for bitcoin, Doge, and other currencies. The currency is currently low priced, and this makes it the perfect investment tool. The wallet works with Windows and Mac operating systems. Also, developers can access the source code to create improvements to the code. There are two explorer tools for miners. Mining rewards are high and since the coins are still being mined, this offers miners plenty of opportunity to earn tokens for block mining.
The Bata currency has wide user support. Established in 2015, this is a currency that is likely to find many takers the world over thanks to its ease of use. The currency is particularly attractive to those who wish to be part of the barter economy. Users can earn tokens for their participation, particularly if their computer acts as the masternode. Additionally, mining the currency also offers rewards. For those looking for direct barter, this decentralized platform helps find the best offers. This eliminates the need to use money. The user community also finds support through chat and forums.
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