BitDCA Lists Its Token On Exchanges: Is It Worth Buying?
The post BitDCA Lists Its Token On Exchanges: Is It Worth Buying? appeared first on Coinpedia Fintech News
BitDCA has finally listed its BDCA Token on MEXC, one of the top 10 global centralised exchanges — along with PancakeSwap. MEXC also held a kickstarter event on its platform, ahead of the token launch.
Through the campaign, MEXC issued a total of $60,000 USDT worth BDCA tokens via airdrops within its community, offering rewards to MX token holders.
The BDCA token debuted at $0.15 per token and currently trades at $0.4009, delivering a 3x return on investment for its holders just 24 hours post-launch. This impressive feat comes despite the ongoing ‘technical bear market,’ during which BTC has dropped over 20% from its all-time high.
BitDCA claims that success of its upcoming Littlebit app will have a “direct impact on the BDCA token price and performance” — as Littlebit is set to launch in the coming weeks.
The Littlebit app aims to allow its users to automatically spend a percentage of their everyday purchase, from their native credit or debit bank cards — into Bitcoin based savings.
For example; if a user set aside 1% of their daily purchases with an assumed fixed spending of $100 over the last two years, the user would earn $1 in BTC daily for the last two years. Taking the total value of investments at the time each instant payout was made, they added up to $1,826 — an amount that would have remained the same if received as traditional cash back or fiat based investment.
However, as BitDCA would invest the percentage purchases in Bitcoin, their value would have increased along with the rise of BTC’s price, appreciating to $6,658. That’s a 264.62% increase in value in just over 5 years.
The Littlebit app can be integrated into users’ native credit or debit cards — after BitDCA’s recent cooperation with global payment providers Visa and Mastercard, eliminating the need to get users to use different payment card providers for the service.
CEO and co-founder Jan Zaruba claims that Littlebit will launch in the coming months, with BDCA token holders “set to earn a share of revenue from all transaction fees from within the Littlebit app.”
As the market has seen hefty liquidations over the past couple of days, Zaruba suggests that a dollar-cost-averaging strategy lets users reduce the impact of market volatility, average out the buy-in cost, grow investment over time and improve chances of averaging investment with better returns.
The fall in Bitcoin prices seem to be likely related to broader macro uncertainty that has hit most financial markets the last couple of days.
CEO Zaruba claims that accumulating Bitcoin through Littlebit will eliminate panic sell-offs on Bitcoin investments in tough market conditions, making it a smarter investment strategy.
“Our token’s most important feature allows Littlebit app users to earn a percentage of revenue on all transactions on the Littlebit app. We aim to launch in central Europe first, with plans of expansion as users worldwide realise the true potential behind dollar-cost-averaging,”
Zaruba said.
