April 10, 2018 - Bunz.com
Popular among millenials, Bunz Inc. has announced its venture into the crypto-realm with its own digital asset, BTZ. With a very catchy name and cult-like following, it's safe to say some Bunz are cooking in the oven.
BTZ, short for Bunz Trading Zone and pronounecd "bits", is a digital asset that can be used on the Bunz website in exchange for goods listed by every-day people. You might be thinking "Hey... haven't I heard of something like this before? Isn't Craigslist and OfferUp just like this?"
Here's where it gets interesting. the Bunz mantra is to not use any form of money in the exchange of goods. Instead the original motive was to use a barter system and trade items like pasta sauce, old records, or invitations to events. As this concept grew, so did the Bunz platform.
Now, the next evolution of Bunz has begun and will be powered by their very own cryptocurrency, called BTZ. As stated on their website "BTZ will act as an alternative currency for use on the Bunz app when trading and will be redeemable at local stores, breweries, cafes and more, in the cities where Bunz is now active."
Each of the current 200,000 Bunz members will automatically receive 1000 BTZ worth approximately $10 USD. With these BTZ tokens, customers will be able to purchase goods and services safely and conveniently through the app. To receive your 1000 tokens, follow this link and register your account through Bunz, you will see your tokens deposited roughly 15 minutes after registering.
Bunz's CEO Sascha Mojtahedi told Vice Money "The beautiful part about BTZ is you're not buying this currency like a typical currency, where you have to put money in to get value. We are giving the currency to you for contributing to the network."
Also mentioned in this meeting with Vice Money was the speculation that the company plans to launch an ICO (Initial Coin Offering) for BTZ. This will allow for fundraising of the token and the listing of BTZ on exchanges around the world.
More information will be posted as it becomes available.