Bali Social Integrated’s take on Tokenomics
The success of any crypto project depends upon its utility, roadmap, and tokenomics. Tokenomics plays a crucial role for the investors and participants as it lets them know about token allocation, redistribution, etc. The tokenomics of the project also signifies the potential and use cases of the native token.
Bali Social Integrated has thoroughly developed a robust tokenomics that supports the platform’s ideology and ensures long-term participation. Bali Social Integrated is a blockchain-powered platform developed for the tourism industry to optimize the connection between global travelers and service providers.
Bali Social Integrated is powered by its native token, BSI that acts as a primary medium of a transaction on the platform. BSI token is backed by several use cases and robust tokenomics that incentivize investors and users. Let’s take a quick look at the tokenomics of BSI.
Tokenomics of Bali Social Integrated
BSI Token is a utility token that operates according to ERC-20 standards and offers several use cases within the ecosystem. It is used as the primary medium of transaction in the ecosystem and integrated with the business line Viaje to smoothen the traveling experience for global travelers.
BSI token and Viaje payment network open up several new use cases for the users including,
- Booking Airline Tickets
- Shopping at affiliated stores
- Paying for Leisure and travel activities
- Renting electric vehicles and paying for recharging stations
- Purchasing Food and Drink
- Booking Hotel
- Making reservations and payment for integrated services
BSI Token has a maximum supply of 1,000,000,000 BSI Tokens that will be distributed periodically according to this tokenomic model.
Token Details
- Token Name: BSI Token
- Type: ERC20
- Symbol: BSI
- Platform: Ethereum
- Max circulating supply: 1,000,000,000 BSI
- Tokens for sale: 115,000,000
- Initial Price 1 BSI = 0.5 USD
- Private Sale Limit: $100,000 per person
- Contract Address: 0xEB50455805ebF8396d9177BBC4A371A376D00ECC
Token Allocation
This robust tokenomics model enables Bali Social Integrated to slowly roll out the token supply while reserving enough for the growth of the ecosystem and the introduction of new use cases.
About Bali Social Integrated
Bali Social Integrated is a revolutionary blockchain-powered platform with an aim to rectify the inefficiencies of the tourism industry. The current scenario is ruled by the intermediaries that charge exorbitant amounts of fees for connecting customers with service providers.
However, Bali Social Integrated tackles these inefficiencies by creating a platform where global customers can directly interact with service providers. BSI is powered using blockchain technology’s scalability and interoperability, making it transparent and more efficient. The platform offers a blockchain-powered payment solution that helps users to pay directly using BSI tokens or convert them into fiat currencies with the help of Viaje, a business line by BSI.
Viaje can be used in Bali for several services such as renting electric motorbikes, transactions at convenient stores, charging spots for electric vehicles, etc. Apart from creating a global network for customers and service providers, BSI also offers additional advantages such as reducing operational and transactional costs, improving customer experience, and transparent business ratings.
Bali Social Integrated is a disruptive platform that is giving the tourism industry a much-required makeover. For more information about Bali Social Integrated, visit https://bsin.io/.
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