BankEruptCityCoin (BEC) Whitepaper
BankEruptCityCoin (BEC) Whitepaper
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Table of Contents
1. Introduction
2. Vision & Mission
3. Origin Story
4. Tokenomics
5. Funding Overview
6. Roadmap & Milestones
7. Use Case & Community Value
8. Reward Structure
9. Projections & Future Developments
10. Security & Transparency
11. Conclusion
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1. Introduction
BankEruptCityCoin (BEC) is a meme-inspired utility token built on the principles of community support, financial redemption, and decentralized empowerment. It is a cryptocurrency by the people, for the people—created to turn hardship into hope and transform despair into opportunity.
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2. Vision & Mission
Vision: To create a decentralized city where the community acts as the bank, enabling members to support one another in times of need.
Mission: BankEruptCityCoin’s mission is to provide a platform that empowers everyday individuals to lift each other up during moments of financial crisis—be it food insecurity, housing needs, or emergency expenses. We believe that the blockchain should serve humanity, and BankEruptCityCoin is the people’s bank, where everyone owns the vaults.
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3. Origin Story
BankEruptCityCoin was born when three tech visionaries—Vitalik Buterin, Gavin Wood, and Werner Vogels—helped a close friend through a bankruptcy. Inspired by the power of community support and peer-to-peer aid, they envisioned a decentralized financial network where the community doesn't just speculate, but actively supports each other. Thus, BEC was minted.
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4. Tokenomics
- Total Supply: 1,000,000,000 BEC
- Distribution:
- Community Rewards: 40%
- Founders and Advisors: 15% (2-year lock-up)
- Ecosystem Growth & Development: 20%
- Liquidity Pool: 15%
- Reserve Fund (Charity/Emergency Grants): 10%
- Burn Policy:
- Every transaction burns 10 BEC tokens
- Every 90 days, an additional 5,000 BEC will be permanently burned
- This burn mechanism will reduce supply over time, increasing scarcity and driving potential demand and appreciation.
- Utility: Donations, grants, tipping, community voting, NFT purchases, access to bots and virtual agents.
- Market Valuation: At listing, the market cap provides an immediate valuation snapshot, influenced by tokenomics and community sentiment. The fully undiluted market cap anticipates the token's future scalability.
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5. Funding Overview
Symbol: BEC
Project Name: BankEruptCityCoin
Chain: BSC (Binance Smart Chain)
Supply: 1 Billion BEC
Funding Presale Target: $10 Million
Funding Presale Rounds: 8
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6. Roadmap & Milestones
- Q2 2025: Token Launch + Initial DEX Offering (IDO)
- Q3 2025: Reach $1M Market Cap — Milestone 1
- NFT airdrop for holders, granting access to a 99% profitable trading bot
- Q4 2025: Reach $2M Market Cap — Milestone 2
- USDC Airdrop (1/100,000 for each BEC held)
- Q1 2026: Reach $5M Market Cap — Milestone 3
- Access to AI Virtual Agent that predicts asset prices with 85%+ accuracy
- Q2 2026: DAO Voting System Launch
- Q3 2026: Launch of BEC Grant Program for struggling individuals (via smart contract)
- Q4 2026: Listing on major exchanges (Coinbase, Binance, Kraken, MEXC, MDEX)
- Q1 2027: Launch of Borrowing & Lending Program
- Ongoing: Weekly giveaways to top supporters (most BEC bought + donated)
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7. Use Case & Community Value
- Direct Peer Support: Holders can donate or vote to support others facing financial hardship.
- Smart Contract Grants: Community members in need can apply for emergency micro-funding.
- Voting Rights: Token holders vote on fund allocation, community policies, and platform improvements.
- Marketplace Access: Exclusive access to tools, bots, and NFTs.
- Outreach Program: Launching initiatives to provide meals and essential supplies to the homeless using BEC utility funds.
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8. Reward Structure
- Milestone Rewards:
- Milestone 1: NFT Access to Trading Bot
- Milestone 2: USDC Airdrop
- Milestone 3: Access to Predictive AI Virtual Agent
- Holder Incentives:
- Monthly community giveaways
- BEC staking rewards
- Referral bonuses for onboarding new members
- Top Supporter Program: Weekly giveaway for the top contributor who bought and donated the most coins
- Random Acts of Help: Random wallet addresses may receive surprise grants via DAO votes
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9. Projections & Future Developments
- Q2 2025: Launch & Airdrop Campaign
- Q3 2025: First community grant distributed via smart contract
- Q4 2025: Major exchange listings initiated (Coinbase, Binance, Kraken, MEXC, MDEX)
- 2026 & Beyond:
- Cross-chain support
- BEC-powered outreach initiatives (e.g., food & shelter programs)
- NFT pawn and lending system
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10. Security & Transparency
- Audits: All smart contracts audited by third-party security firms.
- Multi-Sig Wallets: Founder funds and reserve controlled via multi-signature wallets.
- Community Voting: All major decisions voted on via DAO.
- Transparent Treasury: Live dashboard tracking community fund usage.
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11. Conclusion
BankEruptCityCoin is not just a coin—it’s a community movement. A movement to redefine what it means to be part of a financial system. We are building a city of hope, where your digital wallet is a gateway to community strength, solidarity, and the empowerment of the people. You don't just hold BEC—you hold power.
Join us. Build the city. Be the bank.