Biokript

Next Generation Cryptocurrency Exchange

INTRODUCTION

Cryptocurrencies are poised to revolutionize the world of financial transactions by offering new avenues for online payments, independent of traditional payment systems. These digital currencies have the potential to create an open and borderless realm of finance.

Biokript recognizes the transformative power of cryptocurrencies and is building a business that provides prospective customers with access to a unique hybrid, Shariah-compliant cryptocurrency exchange. Through a combination of innovative business strategies, technical expertise, and compliance features, Biokript aims to offer convenient and liquid access to cryptocurrencies and markets across various jurisdictions.

As a next-generation cryptocurrency exchange, Biokript's primary objective is to create a profitable, efficient, and Shariah-compliant hybrid platform that operates in a decentralized manner. The platform's proprietary Biokript Utility token (BKPT) plays a vital role in facilitating the exchange's services. Token holders will enjoy several significant benefits, including a share in the exchange's profits based on Mudarabah principles, substantial fee discounts on trades, and more.

The Biokript whitepaper serves as a comprehensive guide to the cryptocurrency exchange business and outlines the features and functionality of the Biokript Utility token (BKPT). The BKPT token acts as a means to access the exchange's main services and provides token holders with advantageous benefits, such as sharing in revenue profits and enjoying discounted fees on a range of Biokript services.

Biokript's vision is to create a Shariah-compliant hybrid cryptocurrency exchange that leverages the power of digital currencies while offering attractive benefits to its token holders. Through its innovative approach and commitment to compliance and customer satisfaction, Biokript aims to be at the forefront of the evolving cryptocurrency landscape.

ABOUT THE BIOKRIPT PROJECT

Biokript is a groundbreaking project that aims to revolutionize the cryptocurrency industry through its innovative platform. The Biokript platform is designed to be a next-generation cryptocurrency exchange that offers users a secure, efficient, and Shariah-compliant trading experience. It stands out for its commitment to security, transparency, education, and long-term value creation.

At the core of the Biokript platform is a strong emphasis on security. The platform implements top-notch security measures, such as advanced encryption technology and multi-factor authentication, to protect users' funds and personal information. By prioritizing security, Biokript ensures that users can trade with confidence, knowing that their assets are well-protected.

Transparency is another key aspect of the Biokript platform. The project is committed to providing users with a transparent and trustworthy trading environment. Users can expect clear and comprehensive information about fees, token allocation, and platform updates, enabling them to make informed decisions.

Education is also a focal point for Biokript. The platform believes in empowering its users by offering educational resources, such as tutorials, guides, and market insights. By providing these resources, Biokript aims to bridge the knowledge gap and enable users to navigate the cryptocurrency market with confidence.

The Biokript platform is designed for long-term value creation. The platform's native utility token, BKPT, plays a vital role in providing benefits to token holders, including profit-sharing revenues and significant fee discounts. This incentive structure aligns the interests of the platform and its users, fostering a mutually beneficial relationship.

The Biokript project platform combines security, transparency, education, and value creation to offer a comprehensive cryptocurrency exchange experience. By prioritizing the needs and interests of its users, Biokript aims to establish itself as a trusted and innovative platform that revolutionizes the way people trade and interact with cryptocurrencies.

FEATURES

Shariah Compliance: One of the standout features of the Biokript project is its commitment to Shariah compliance. The platform operates in accordance with Islamic ethical principles, adhering to guidelines that prohibit interest-based transactions and speculative activities. This commitment allows Biokript to cater to a specific segment of users who prioritize compliance with their religious beliefs.

Advanced Security Measures: Biokript places a strong emphasis on security to ensure the safety of user funds and personal information. The platform implements state-of-the-art security measures, including encryption technology, two-factor authentication, and cold storage for cryptocurrencies. These robust security protocols help mitigate the risk of unauthorized access, hacking, and fraud, providing users with peace of mind while trading on the platform.

Educational Resources: Biokript recognizes the importance of educating its users and providing them with the necessary knowledge to navigate the cryptocurrency market. The project offers a range of educational resources, such as tutorials, guides, and market insights, to help users understand the intricacies of cryptocurrency trading. By empowering users with knowledge, Biokript aims to foster informed decision-making and promote responsible trading practices.

Profit-Sharing and Fee Discounts: Biokript provides attractive incentives for token holders. Through the Biokript Utility token (BKPT), token holders can participate in profit-sharing revenues based on the platform's performance. This allows users to potentially earn passive income from their token holdings. Additionally, BKPT token holders enjoy significant fee discounts on various services offered by the Biokript platform, including trading fees and transactional charges. These benefits provide added value and incentives for users to actively engage with the platform.

THE BIOKRIPT TOKEN/ PRESALE

The Biokript token (BKPT) plays a central role within the Biokript project, providing users with access to platform services, profit-sharing revenues, fee discounts, and potential value appreciation. By incorporating the BKPT token into the ecosystem, Biokript aims to create a mutually beneficial relationship between the platform and its token holders while fostering a thriving and engaged community.

The token distribution for the project consists of five main categories: token sale (35%), treasury, airdrops, and community (30%), founders and team (15%), listing and liquidity (15%), and advisors/ambassadors (5%).

The token sale schedule includes several key events. On October 31, 2022, the Private Sales - Round A took place, offering 2% of the total token supply, equivalent to 10 million tokens, at a price of $0.005 per token. At the Token Generation Event (TGE), 10% of the tokens were unlocked, followed by quarterly unlocking of an additional 10%.

On June 27th, 2023, the Initial DEX Offering (IDO) occurred, with 15% of the total token supply, equal to 75 million tokens, being made available. All of these tokens were immediately unlocked.

Lastly, on August 5th, 2023, the Initial CEX Offering (IEO) took place. During this event, 18% of the total token supply, amounting to 90 million tokens, were offered for sale, and all of these tokens were unlocked upon completion of the IEO.

BIOKRIPT TOKEN BURN MECHANISM

To enhance scarcity and potentially increase the value of the Biokript Utility token (BKPT), the project implements a unique token burn mechanism. This mechanism involves allocating 10% of all trading fee revenues specifically for token burning. With each trade executed on the platform, a portion of the fees collected is set aside for the token burn process. This reduction in the overall token supply creates scarcity and has the potential to drive up the value of BKPT.

Biokript introduces a dynamic burn rate based on BKPT appreciation. For every 100% appreciation in the token’s value, a 1% burn of the entire token supply is initiated. This additional burn further enhances the token’s scarcity as its value increases, potentially leading to a positive feedback loop where increased scarcity drives up the token’s value even more.

The burn rate is designed to adapt to rapid price appreciation. In such cases, the percentage burned will gradually decrease to 0.5%, 0.3%, and finally 0.1%. This adjustment ensures a balanced approach that maintains scarcity while responding to market conditions.

Token burn events are scheduled to occur every 90 days, providing a predictable and reliable process for token holders. In the event that trading revenues are insufficient to support the token burn, Biokript taps into its Treasury and utilizes those tokens for the burn. This demonstrates the project’s commitment to the token burn mechanism and its determination to create scarcity and long-term value for BKPT token holders.

CONCLUSION

The Biokript project presents a unique and innovative approach to the cryptocurrency industry. With its commitment to Shariah compliance, advanced security measures, educational resources, and token burn mechanism, Biokript aims to provide a secure, transparent, and valuable platform for cryptocurrency traders.

The project's adherence to Shariah principles opens up new opportunities for individuals seeking compliant investment options within the cryptocurrency market. Biokript's robust security measures, including encryption technology and two-factor authentication, ensure the safety of user funds and personal information, instilling confidence in users.

Moreover, Biokript recognizes the importance of education and offers valuable resources to help users navigate the cryptocurrency landscape. By empowering users with knowledge, Biokript aims to promote responsible and informed trading practices.

The unique token burn mechanism implemented by Biokript creates scarcity and has the potential to increase the value of the Biokript Utility token (BKPT). With a portion of trading fee revenues dedicated to token burn and additional burns triggered by token appreciation, Biokript aims to align the interests of token holders with the platform's long-term success.

The Biokript project combines compliance, security, education, and value creation to offer a comprehensive and user-centric cryptocurrency trading platform. By prioritizing the needs and interests of its users, Biokript strives to create a trusted and innovative ecosystem that revolutionizes the way people engage with cryptocurrencies.