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Bilur: The next Generation Cryptocurrency


R FINTECH ANNOUNCES LAUNCH OF NEW DIGITAL CURRENCY BACKED UP BY STORED ENERGY.






With the rise of digital currency, and the steep growth of altcoins (digital coins other than Bitcoin), bilur seeks to solve one of the main issues for digital coin holders, namely, price volatility.

Cryptocurrency investors have seen their investments suffer baffling and hard (if not impossible) to predict depreciations because of this issue. Bilur presents an innovative solution to this problem by backing up its value with stored physical energy. Thus, linking its price to that of energy commodities. Not only does bilur allow investors to protect their assets but also provides direct access to the energy market, until now only accessible to professional traders.

The concept behind bilur is that currencies need to be supported on valuable and tangible assets. With energy being essential to all production systems worldwide, the choice was clear.

Bilur is equivalent to energy, in other words: 1 bilur equals 1 TOE (Ton of Oil Equivalent), which in turn is equal to around 11.6 MWh of energy. By definition, for bilurs to be issued, oil or other energy commodities must be purchased first. For the initial issuance, 1 million barrels were purchased, which entitled the issuance of USD 52.9 million worth of bilur (154,297 bilurs).

To provide the ultimate customer experience, the team behind bilur has developed the bilur trading platform implementing the latest blockchain and DLT technologies, with robust security features to eliminate any risk of fraudulent users and scammers. The decentralized nature of blockchain and the consensus peer-to-peer network make bilur a fair, transparent and incorruptible money system.

Because currencies are meant to facilitate trading, transactions with bilur are unlimited and free. Bilur holders can make as many transfers as they wish at no cost, the bilur platform does not charge transaction fees, only a minimal daily maintenance cost.

After the ten minutes that takes to create an account at Bilur Market, you will be able to invest in the energy market by simply making a bank transfer to buy bilur. If you are not looking for investment opportunities, you can also convert your fiat money (USD, EUR or any other) to bilur in order to use it as a safe and fast payment method, or even to protect your savings from fiat currency devaluation.

About R Fintech PLC:
R Fintech PLC, through its subsidiary Recol Atlas ATS, develops and maintains bilur. Recol Atlas ATS is an active practitioner and member of different developer communities around blockchain technologies. Among other achievements, it is responsible for the first bitcoin ATM installation in Europe.
bilurmarket.com

Source: R Fintech PLC

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Friday, May 12th 2017
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DISCUSS / DISCUTER

1.Posted by Daniel Evans on 06/01/2017 3:23 PM | Alert
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It sounds like an alternative to an oil ETF, that's it.

- The value of the coin just tracks the price of oil, and doesn't fluctuate based on supply and demand.
- The coin won't be used outside of the network of participants. Who needs it ?
- It's not decentralized as all coins were mined by the company
- They charge a whopping custody fee of 0.01% per day, say 3.60% per year, which is much higher than the cost of keeping an ETF!

So I don't see any point in buying Bilur. And I hope it's not scammy.

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