Bitney Foundation is established through a collaborative venture between several well-established businesses.
That carries a dedicated vision of creating one of the top blockchain community platforms in ASEAN consisting of an ecosystem of more than 100 independent communities with independent unique business models respectively.
The entire ecosystem comprises more than 20 revenue-generating businesses ranging from health and wellness to wholesales and retails to international businesses and tourism.
Bitney Foundation is dedicated to transforming traditional businesses and agencies into community-based resource-sharing platforms through the integration of blockchain, smart contracts, and digital technologies.
Bitney 3S Model is an inspiration from the 3S Fundamentals and has evolved entirely according to the Bitney Ecosystem.
These 3S we are referring to are smart hub structure, self-sustaining ecosystems, and sharing economy platform.
Bitney provides an ecosystem of products and services through an easy-to-use interface, connecting every unique community while allowing full transparency and traceability of transactions, payments, security, systems, logistics, marketing strategies, and resources.
With the integration of blockchain technology powered by the Binance Smart Chain (BSC) network along with Digital Transformation Tech, the Bitney Fans Club Application (BFC App) was introduced in 2021; combining all the communities under a singular hub.
The Bitney token is built on Binance Smart Chain (BSC) network, utilizing the BEP20 token standard. Bitney is the native governance token within the Bitney Fans Club.
The BSC was specifically designed to enhance scalability in blockchains with high throughput for easy implementation of smart contracts to build scalable decentralized applications.
Through the profits and contributions from the foundation and most of the communities within the BFC ecosystem, there will be a buyback scheme implemented to the markets where 10-50% of the profits will go directly to the market wallet and purchase.
The Bitney token circulating within the market; where 60% of the bought Bitney will be allocated to the Foundation, marketing reserved, charity and a portion will be re-allocated back to the main allocation pool.
While another 40% of the bough Bitney tokens will be destructed, in order to control the circulation of Bitney tokens in the market and gives more potential to the increase in the value of Bitney.