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Beowulf Blockchain, the full B2B decentralized communication network, today announced that it is en route to the listing of its native coin, dubbed as the BWF coin. As part of the announcement, Beowulf unveiled the official listing date has been tentatively scheduled for late December or early January 2020, with the BWF coin being immediately tradable on multiple leading crypto exchanges.
Beowulf is a B2B platform which provides excellent communication services with infinite scalability across the globe. Supporting the network is a distributed ledger that is supportive of the exchange and delivery of multiple solutions. Armed with its own Delegated Proof of Stake consensus mechanism, Beowulf plans to utilize a dual-coin structure to ensure liquidity and stability for its users. Under this unique methodology, the rewards for node miners and expenses paid by users and businesses are made in real fiat with a tokenized layer as the payment mechanism with a stablecoin.
It will do this with the help of the BWF coin, which represents the real bedrock for those looking to be part of the company’s vision. BWF’s value is driven solely by market demand and is required by Supernodes as block producers. As part of its incentive system, Beowulf’s Supernodes will receive mining rewards and transaction fees in return for validating blocks on the Beowulf blockchain. In order to become a Supernode, accounts will need to hold 3,000,000 or more BWF coins with specifications satisfying the network’s requirements.
The second digital currency touted by Beowulf is named W coin, a native stablecoin pegged to USD 1 for communications service fees. Beowulf’s Network Miners who rent out idle processing power on their computers will earn fiat payments via the W coin.
In an exciting twist, the Silicon Valley-based communication pioneer is launching a range of trading contests in celebration of the upcoming coin listing, pitting traders against each other for $200,000 worth of BWF coins in total prize money.
Beowulf CEO Dr. William H. Nguyen expressed: “We want to position our native BWF coin as the membership passport to all supporters of our various products and services coming on stream now and in the future – with suitable rewards for BWF coin traders upon its initial listing. The forthcoming trading contests are a fantastic opportunity for up-and-coming traders to get together and put their trading ability to the test.”
Apart from a slew of new enhancements to enlarge the scope of its platform’s applicability, Beowulf through its products is partnered with some of the largest companies across Asia. Its various business partnerships are an apt demonstration of the platform’s growing popularity. Some of their customers and partners include global insurance giant AIA, world-renowned universities such as Fulbright University, National Taiwan Normal University, a wide range of leading healthcare providers, and a suite of others seeking customizable, deployment-ready communications products.
Beowulf is also known for its comprehensive technology stack which includes QUICKOM, a US patent-pending technology which utilizes QR codes to transform the future of communication for personal communication and call centers with a focus on privacy control; a decentralized distance learning platform named Victoria; and HANA, an innovative telemedicine platform; and Beowulf Operating System that empowers the Beowulf mining network.
With the listing of their native coin approaching, Dr. Nguyen is excited about what the future holds. “Our infrastructure is blockchain, but our applications will be focused on real businesses and consumers. I have no doubt that the technological advances at the heart of Beowulf can help to address widespread commercial inefficiencies and operational challenges. Beowulf, with the support of our industry-leading partners, will be able to completely disrupt the enterprise communications industry by providing a faster, better, more efficient, and lower-cost products to end-users.”
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