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What is BitnouSwap?
BitnouSwap is an all-in-one DeFi Ecosystem of Apps. - A decentralized exchange with AMM and yield farm platform running on Binance Smart Chain".
What is the long term vision of the BITNOU Project?
As outlined in our whitepaper or other official materials, the long-term vision of the BITNOU project is to harness the potential of blockchain technologies to make cryptocurrencies and blockchain innovations more inclusive and accessible in the Caribbean. The plan for achieving that vision involves various strategies, such as partnerships, marketing campaigns, technological developments, and community building initiatives.
Comprehensive description of the BITNOU token
The Bitnou token (BNOU) is a cryptocurrency that serves as a utility token within the Bitnou ecosystem. BNOU is built on the Binance Smart Chain as a BEP-20 token, and is designed to be the fuel that powers the Bitnou platform and its various services and offerings.
One of the key use cases of the BNOU token is staking. Users can stake BNOU in pools to earn rewards, which provides an incentive for users to hold onto the token and contribute to the platform's stability. Another use case is providing liquidity to the BitnouSwap platform. By adding liquidity, users can earn rewards in BNOU, providing an incentive for market makers to support the platform.
The Bitnou token also has potential use cases for other future projects within the Bitnou ecosystem, such as NFTs. By using BNOU as a utility token for various offerings, Bitnou can create a more self-sustaining ecosystem and provide additional value to users who hold the token.
The token has a total supply of 10 billion BNOU, with 18 decimal places. 2% of each transaction will go to the staking contract and 1% will be burned, which helps to maintain the token's scarcity and value over time. Additionally, 1% of each transaction will be added to an auto liquidity pool to ensure the token's market liquidity.
It's important to note that BNOUs are not shares or securities of any kind, and do not grant holders any ownership or other interest in Bitnou Group companies, affiliates, or subsidiaries. This means that the value of the token is tied to the adoption and use of the Bitnou ecosystem, rather than equity in the company.
BITNOU Quarterly Project Roadmap
Quarter 1:
Team Formation
Projects scope defined
Domains purchased
Hosting purchased
Website Launched
Whitepaper released
Token creation
Smart contract testing & Deployed
Smart contract verified
Smart contract audited & Passed
Social media channels created
Building Initial Community
Quarter 2:
Presale Token Launch
Liquidity locked (After presale)
List BNOU token on Pancakeswap
BITNOU Swap exchange launch
BITNOU Merch store
Growing social media presence on Instagram, Twitter and Telegram Community.
Gold level Marketing Campaign: (Ads on social media, Poocoin and other big crypto websites)
Quarter 3:
Diamond level Marketing Campaign: YouTubers, Twitter, Instagram & TikTok influencer Promos
Growing Community to 10-50k+ members in Telegram & Discord groups (English-Spanish-French-Creole)
10-100k+ followers, Fans & Subscribers on Twitter, Facebook, Instagram & YouTube
Reach 10,000+ BNOU holders
Coingecko listing
CoinMarketCap listing
Listing of BNOU token on some CEX
BITNOU Digital Business Card
Quarter 4:
Platinum level Marketing Campaign
Launch Bitnou CEX
Launch Loyalty Program
Bitnou Wallet
Charitable Donations
Quarter 5:
BITNOU NFT Marketplace Platform
BITNOU NFT Music platform
IGO launchpad: Initial Game Offering
BITNOU Launchpad: A launchpad with a fair and open competition that features the greatest new projects while easing launch procedures as well as integrating directly into our exchanges.
Charitable Donations
Quarter 6:
Brand awareness: Billboard Mainstream promos tactics
BITNOU Social Networking apps
BITNOU Metaverse
Charitable Donations
Is there a limit on the number of BNOU tokens a user can hold?
There is a limit implemented to protect users from whales and pump and dump schemes through our Anti-Whale Mechanism.
The mechanism ensures that no individual/single sell order can be greater than 1% of the total $BNOU supply. Although the Anti-Whale Mechanism may not completely prevent whales from selling, the imposed limit helps to avoid big sell-offs and manipulation of prices.
Who are the BITNOU’s key competitors (crypto and non-crypto)?
BITNOU does not seek to compete with key competitors (crypto and non-crypto). In the fast-evolving world of cryptocurrency, the landscape can change quickly and new players can emerge, so it's important for Bitnou to stay up to date to capture a portion of the market and establish itself as a leader in the Caribbean region.
To differentiate the project, BITNOU focuses on its unique value proposition of making cryptocurrencies and blockchain innovations more inclusive and accessible in the Caribbean. This involves creating tailored solutions for the Caribbean market, developing partnerships with local organizations and businesses, and educating the local population about the potential benefits of cryptocurrencies and blockchain technology.
Additionally, BITNOU focuses on providing top-notch customer service and support to users, as well as promoting security and transparency in all operations.
Who are the target users of BITNOU?
The target users of BITNOU are individuals and consumers of the Caribbean, including startups, businesses, and organizations in Decentralized Finance (DeFi) space. BITNOU aims to drive financial inclusion in the Caribbean and provide a cost-effective, secure, and scalable platform for buying, selling, and exchanging cryptocurrencies, digital assets, goods, and services online, as well as for the development and implementation of decentralized applications (dApps) and blockchain-based digital assets.
By targeting and focusing on users in the Caribbean and DeFi space, BITNOU aims to meet the growing demand for decentralized financial services and applications in the region.
Why is the native (BNOU) token necessary for BITNOU Projects?
The Bitnou token is a crucial component of the Bitnou ecosystem and serves several important functions that help drive its growth and sustainability:
Liquidity: The Bitnou token (BNOU) provides liquidity for the Bitnou ecosystem and can be used to exchange value within the network.
Incentivization: BNOU serves as the reward mechanism for users who contribute to the Bitnou ecosystem by staking in BNOU pools or adding liquidity to the BitnouSwap platform. This incentivizes user engagement and participation, driving network effects.
Access: BNOU can be used to grant access to certain features or services within the Bitnou ecosystem, such as staking or trading.
Value Accretion: The Bitnou token economy, with its staking and liquidity pools, helps maintain the value of the token over time and encourages its adoption and use.
What is the target industry of the project?
BITNOU's target industry is the Decentralized Finance (DeFi) space. Specifically, the platform aims to offer a suite of user-friendly apps and cost-effective, secure, and scalable solutions for the development and implementation of decentralized applications (dApps) and blockchain-based digital assets for individuals, startups, businesses, and organizations in the DeFi space.
BITNOU Project’s History:
1. Project scope defined: The definition of the goals and objectives of the project, including the specific features and functions to be included in the platform.
2. Domains purchased: The purchase of one or more domain names to serve as the online address for BITNOU's website and other online properties.
3. Hosting purchased: The purchase of a hosting solution for BITNOU's website and other online properties.
4. Website Launched: The launch of BITNOU's official website, providing a hub for information about the project, its goals and objectives, and its development progress.
5. Whitepaper released: The release of BITNOU's whitepaper, providing a detailed overview of the project, its technology, and its value proposition.
6. Token creation: The creation of BITNOU's native digital asset in the form of a token.
7. Smart contract testing & Deployed: The testing and deployment of the project's smart contracts.
8. Smart contract verified: The verification of the smart contracts by a trusted third-party, ensuring that the contracts are secure, transparent, and functional.
9. Smart contract audited & Passed: The auditing of the smart contracts by a security expert, ensuring that the contracts are free from vulnerabilities and potential security threats.
10. Social media channels created: The creation of social media channels, such as Instagram, Twitter, and Telegram, to build and engage with BITNOU's community.
11. Building Initial Community: The building of an initial community of supporters, investors, and users, who can provide feedback and contribute to the growth and development of the project.
12. Growing social media presence: The growth of BITNOU's social media presence, with an increased following on platforms such as Instagram, Twitter, and Telegram, to engage and communicate with the project's community.
What is the current development stage of the BITNOU project?
The initial phase towards reaching our goal was to initiate the creation of BitnouSwap, a decentralized exchange equipped with AMM and a yield farming platform that operates on the Binance Smart Chain. The decentralized exchange is nearly finished and stands at 70% completion. Our objective is to make it user-friendly and straightforward, enabling even those with limited understanding of the complex DeFi industry to generate passive income through our ecosystem of apps.
Feature of the BNOU Token:
Staking reward : There is a staking contract for lp stakers (BNOU-BNB, BNOU-BUSD, BNOU-USDT, BNOU-CAKE, BNOU-SHIB). 2% of the transaction fee in token is going to staking contract for staking reward.
Gas/Transaction fee : 1% auto liquidity pool, 2% staking reward, 1% burn, 1% treasury
These features suggest that the BNOU token is a token on the Binance Smart Chain (BSC) that provides rewards to users who hold and stake the token, as well as a portion of the transaction fees being used for liquidity, staking rewards, token burning, and a treasury.
The staking rewards incentivize users to hold onto their tokens and lock them up in the staking contract, which helps to increase the overall stability and security of the network. The auto liquidity pool provides liquidity to the token on different exchanges, making it easier for users to buy and sell the token. The token burn mechanism reduces the overall supply of tokens, potentially increasing the value of remaining tokens. The treasury fund can be used for various purposes, such as development and marketing of the token and its ecosystem.
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