BioCoin loyalty Blockchain platform

The blockchain platform of loyalty BioCoin is the settlement system created by farmer cooperative LavkaLavka. From the legal point of view of a biokoina represent loyalty system points. They are charged instead of bonuses when the client purchases any goods at the company which joined the BioCoin platform.

The cafe, restaurants, shops and other enterprises can join BioCoin. The concept of the platform means that it will be producers or distributors of environmentally friendly products. One of problems of the platform is the help to farm and small business.

The client can pay off then with the got points any other company which is also participating in the project. Among participants it should be noted UAZ — released the plant the car it is possible to purchase for biokoina. Since November 22 use of biokoin in Russia is legal. At the same time coins have no status of actions as it is impossible to invest in them.

It is not obligatory to spend coins for purchases in the partner companies — they can be exchanged at the exchange as biokoin is also cryptocurrency. During the first round of ICO LavkaLavka collected $9 million, and biokoina were allowed to the address on several platforms.

At the end of November, 2017 NP RTS and LavkaLavka association agreed about the admission of a biokoin on the electronic Voskhod platform. The parties stated that ICO on this platform will take place after the end of examination of supervisory authorities. Demand for biokoina on Voskhod is estimated approximately at 100 million coins.