Balneario Camboriu, located on the north coast of Santa Catarina, is set to innovate again and become the first city in Latin America to have its own cryptocurrency through a token system, BC Token, due in September.

The initiative was developed by Wayne Solusoes Digitais, a cryptocurrency and blockchain specialist, which is a non-government controlled digital asset that allows online and in-person payments, as well as instant money sending anywhere in the world at a low cost. using only your mobile phone.

Balneario prepares to launch its own cryptocurrency by September – Photo: Shutterstock/ND

“Designed to be part of the daily financial life of anyone in the city, from tourists to merchants to investors included, the BC token will rise in value as the market grows in size, much like digital currencies like bitcoin. , for example,” explains Anderson de Almeida, a diversified entrepreneur who is the CEO of IHit, the developer of the project.

In addition to his enthusiasm for popularizing the Metaverse, Anderson rated one of his cryptocurrency projects at 3600% in 2021. The BC Token platform also supports Metaverse-related commercial functions such as virtual visits to properties in the city to purchase. , sale or lease; benefits such as discounts on tourist and entertainment services in Balneario Camboriu; the ability to calculate the token at any time for Real.

“The BC token will be an asset as well as an NFT platform for the Metaverse with user-generated images using available technology tools,” Anderson details the project, which is in the process of building partnerships to implement and promote it.

The entrepreneur concludes: “Balneario Camboriu is our laboratory, we are going to innovate in this inherently avant-garde city, but iHit Full HUB plans to activate virtual currencies in other municipalities in Brazil later this year.”

Within 60 days, before the official launch of the BC token, there will be a pre-sale of the coin, where people can buy it at a lower price, which will be valid after the official launch. Utility tokens are decentralized assets that allow access to certain products or applications.

The BC Token utility is a management tool that works in a simple and efficient way in the market, in the case of BC Token and the bcwallet tool, it can be used in trading as a means of payment, receiving and sending money.

A blockchain is a decentralized, distributed, public digital ledger used to extract transactions across many computers, so the record cannot be changed retroactively without changing all subsequent blocks and network collusion.

Blockchains constantly grow as a new block is “mined” and are recorded in chronological format from latest to latest. It offers market participants the ability to track their digital currency transactions without any central ledger.

For each computer connected to the network, there is always a dedicated and automatically downloaded copy of the blockchain.