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1 WHITE PAPER https://bnctoken.net/ BNC TOKEN ECOSYSTEM MADE BY BNOINCOIN ON THE ETHEREUM BLOCKCHAIN SYSTEM

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Page 1: WHITE PAPER€¦ · establishing world monetary systems based on gold. Contrary to popular belief, most countries today do not have freely-floating currencies. According to the International

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WHITE PAPER

https://bnctoken.net/

BNC TOKEN ECOSYSTEM

MADE BY BNOINCOIN ON THE ETHEREUM BLOCKCHAIN

SYSTEM

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CONTENT

1.1 GOLD IS RECOGNIZED AS THE MAIN CERTIFIED CASH. 2

1.2 WHY GOLD IS THE BEST BASIS FOR MONEY. 5

2.1 BNC TOKEN VISION. 8

2.2 UNIQUE FEATURES AND BENEFITS OF BNC TOKEN 100% BACKED BY GOLD 10

3.1 ETHEREUM 11

3.2 WHO CAN USE BNC TOKEN 12

4.1 BNC TOKEN PLATFORM 13

4.2 BNC TOKEN APPLICATIONS 14

5.1 FOUNDATION OF CHARITY 14 5.2 CRYPTOCURRENCIES ARE A PART OF THE FUTURE 14 5.3 SOME BENEFITS OF ASSET-BACKED COINS 15 6.1 BLOCKCHAIN 17 6.2 HOW BLOCKCHAIN BENEFITS YOU 17 6.3 WHY BLOCKCHAIN IS IMPORTANT 18 7.1 OUR PRODCUTS AND SERVICES 19 7.2 CRYPTOCURRENCY CARD 20

8.1 TOKENIZED FUNDS 20

8.2 RISK MANAGEMENT 20

9.1 BNC ROADMAP 21

9.2 BNC TOKEN INFORMATION 22 10.1 EXCLUSION OF LIABILITY 23

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BNC TOKEN

THE

ORIGINAL CRYPTO-CURRENCY

WITH A

CUSTOM-BUILT

BLOCKCHAIN ECOSYSTEM,

PURELY BACKED BY GOLD

https://bnctoken.net/

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BNC TOKEN WHITE PAPER

https://bnctoken.net/

1. WHY BNOINCOIN PURELY BACKED BY GOLD

1.1 Gold is recognized as the main certified cash.

From the beginning of time, no paper money has made due in its unique structure.

Paper monetary forms are typically expanded away until they are useless. The buying

intensity of the US dollar has declined by 90% since 1950. The circumstance is the

equivalent for most monetary forms. At the point when governments go under monetary

weight they can never oppose printing cash to pay for obligations, be they war

obligations or simply extreme spending. Gold is the main money that has no obligation

joined to it.

So far no paper cash has endure flawless over a more extended period while gold has

spoken to genuine cash for a few thousand years. At the point when paper cash bombs

speculators who own gold despite everything have a money that holds its incentive in

spite of the way that banks might be bankrupt. Iceland is an ongoing case of how paper

cash can lose its worth short-term. With the enormous obligation levels and cash

imprinting in numerous nations including the USA and the UK, the danger of a

comparative default in different nations is high.

Gold has consistently spoken to genuine riches just as being a mechanism of trade.

"Old cash" has consistently kept up a level of its riches in gold since the particular

attributes of gold make it likely the most secure and most alluring venture for putting

away and saving riches. Gold put away outside the financial framework ought to be the

establishment of the riches pyramid for high total assets people. Along these lines,

physical gold or silver ought not to be considered as an advantage that is esteemed or

exchanged every day.

After some time gold has spoken to a superb venture that holds its incentive in genuine

terms. Specifically, gold values during times of high expansion and monetary

unsteadiness. As there is a constrained flexibly of gold it can't be printed to back the

shortage spending of governments. Gold can go about as a basic support both against

swelling and a deflationary money related breakdown.

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The world is as of now confronting an emergency of exceptional extents. The budgetary framework is battling for endurance and has been incidentally saved by governments printing boundless measures of cash.

THERE ARE JUST TWO POTENTIAL RESULTS OF THESE ACTIVITIES:

Either government prevails in incidentally protecting the monetary framework by printing huge measures of cash. This will prompt swelling or hyperinflation making paper cash for all intents and purposes useless. In the event that this falls flat, there will be a deflationary credit breakdown which will prompt a foundational disappointment of the monetary framework. Both of these results will be amazingly bullish for gold which consistently profits by cash printing and high swelling. In the Weimar Republic in the mid 1920s gold went from DMark 100 for each ounce to Dmark 100 trillion. On account of a deflationary breakdown, numerous or maybe most banks will come up short while gold (put away outside the financial framework) will be the main safe cash. The 'top' mining creation year was 2014 at 2,990 tons. That would put an absolute estimation of all gold created that year at $108 billion. Contrasted and an 'official' venture market of around $150 trillion, the gold market is tiny at simply 0.7%. The whole gold creation is easily retained and extra interest from even a little reallocation of ventures into the gold market, by benefits assets, for example, couldn't be met with equivalent flexibly. The gold cost would take off. From 2015 ahead Gold creation is probably going to be stale as there are no significant mines going ahead stream. Likewise, national banks and bullion banks have low supplies of physical gold. This restricts their capacity to control gold in the paper advertise. As financial specialists understand that merchants of paper gold won't have the option to convey physical gold, a supported frenzy purchasing of physical and at a lot more significant expenses could rapidly appear Like most ventures gold moves in cycles against the significant monetary forms of the world. In spite of the fact that the drawn out pattern has demonstrated a solid upward incline, there are times when gold spends extensive stretches amending a past development. In the drawn out gold has been staying up with securities exchanges yet at specific occasions it outflanks generously. Since 1999, the Dow Jones has declined more than 2/third against gold. Other securities exchanges show comparative considerable under-execution corresponding to gold over the most recent 12 years. The job of gold transformed from a confided in exchanging money to a protected speculation asylum. Financial specialists depend on the way that while the estimation of paper money will vacillate, gold and silver will hold their worth. Valuable metals require no certifications. As monetary forms lost their gold-support, worldwide national banks

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started buying and accumulating gold as hold cash whose worth has been perceived from the beginning of time. In extra to hold money, gold and silver are additionally utilized in gems, making another interest for valuable metal. While platinum, silver, and copper are likewise viewed as valuable metals, gold has held its status as a type of cash. It doesn't discolor, consume and is indestructible; all the gold that has ever been mined is still in presence. Gold has a lastingness scarcely any different items have. Since 2001 gold has had an exceptional worldwide exhibition and in truth demonstrated perhaps the best return of any benefit class during the previous 15 years. Particularly on the off chance that one ganders at the exhibition against generally 'more fragile' monetary standards around the world. Gold ought not be estimated every day. Rather it ought to be considered as a drawn out center holding speaking to the establishment of the riches pyramid.

1.2 WHY GOLD IS THE BEST BASIS FOR MONEY

As we keep on getting a charge out of the "Yellen best quality level," presently in its Powell stage - who realizes how long it will last - we should take a gander at why the highest quality level framework worked so well for such huge numbers of hundreds of years, including almost two centuries of U.S. history before the crack in 1971, during which time the United States turned into the wealthiest nation throughout the entire existence of world. In 1971, the financial expert Arthur Laffer - he was the central business analyst of the Office of Management and Budget at that point - was asked what he figured the results would be of Nixon's "end of the gold window," which adequately finished the Bretton Woods period when the dollar's worth was fixed at $35/ounce of gold. "It won't be as much enjoyable to be an American any longer," Laffer purportedly answered. What's more, he was correct. Be that as it may, why? How can it be that the aggregate knowledge (we should be liberal) of the present national brokers, and in fact all the national investors since 1971, can't outflank a yellow stone? This presumably strikes some as unusual, yet it has consistently been accordingly. Route in 1928, It's a similar today. These things never show signs of change. Ninety years back, keen ladies comprehended these things. To comprehend why gold works, as a standard of financial worth; you need to comprehend what takes in substantial income. The present digital currency aficionados are rediscovering what financial masterminds have consistently known: that the best

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cash is steady cash, or, as I like to term it, Stable Money - cash that is steady in esteem. Subsequent to discovering that Bitcoin and its kind make awesome gadgets for betting (the proceeded with prevalence of spots like Las Vegas and Macau show that there stays a huge enthusiasm for such things), however a fairly helpless cash - precisely as I said would happen a few years prior - the cryptographic money engineers are currently concentrating their energies on creating "stablecoins" Identified with this is the way that gold is the "main all inclusive cash." It is the main thing (alongside its extra silver) that all individuals have consented to use as the premise of cash, which at that point permits fixed trade rates between nations, endlessly disentangling exchange and venture. In the pre-1914 period, most significant governments took an interest on the planet best quality level, which was just the expansion of numerous era of gold and silver coinage utilized all through the world. This framework was reassembled during the 1920s, and again in 1944, at Bretton Woods. We have had no trouble building up world money related frameworks dependent on gold. As opposed to prevalent thinking, most nations today don't have openly skimming monetary forms. As indicated by the International Monetary Fund, about portion of all nations effectively "stays" their monetary standards to something different, normally significant worldwide money like the dollar or euro. As it were, they have fixed trade rates. Another 25% of all monetary forms are "settled" against significant worldwide money, which remains the reference despite the fact that trade rates are permitted to float to some degree. Either "tied down" or "settled," most monetary forms today are a piece of the dollar or euro cash alliances. The main critical contrast between the euro money alliance, and the earlier world cash coalition dependent on gold, is the standard of significant worth: gold, or the coasting fiat euro. Gold's exhibition as a standard of Stable Value has been excellent. It is, really; significantly better than one may judiciously anticipate. The things that the best quality level made conceivable, for example, the remarkable steadiness of security yields during the nineteenth century - have never been recreated under fiat monetary forms. Simply take a gander at those outcomes (accomplished without showcase control), and disclose to me which national bank wiseguy - give me a name of a genuine individual - that you think could achieve this; and afterward clarify, if that is valid, why they haven't done so as of now. Economies work best when monetary standards are steady in esteem. When we realize what the objective is, we at that point search for an approach to accomplish it; and the most ideal way has consistently been to put together money with respect to gold. No one has discovered a superior way, even as a proposition; and no one has ever expected to locate a superior way, since gold has consistently worked well indeed.

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2 ABOUT BNC TOKEN

2.1 BNC Token Vision

BNC Token is giving opportunity of decision to those whom society generally consigned

to the job of the voiceless. Numerous tasks seek after comparative objectives through

techniques like cause, political activity and employment creation. BNC Token perceives

that in contemporary society, these procedures stay caught by a monetary framework

that doesn't give them the advantage the executives power they need.

BNC Token offers access to digital currency instruments that advance the development

of individual riches. By gaining from the computerized cash mix-ups of the past and

centuries of monetary experimentation, this crypto resource attempts to give individuals

power over their own riches.

BNC TOKEN is bought into reality in the essential market and exchanged inside the

Secondary Marketplace. It is completely tradable, replaceable, transferable, and

redeemable. It is genuine value-based cash that likewise fills in as a store of riches,

which means it is both cash and cash.

BNC Platform is an online shared stage with a wide assortment of monetary

administrations which fulfills complex online money related needs of BNC clients. The

stage supplies the absolute most creative digital forms of money over the world. Close

by high specialized and security norms of the provided cryptographic forms of money,

the stage offers a critical increased the value of the clients by keeping up a refined cost

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soundness strategy, consequently giving a serious option in contrast to fiat monetary

standards.

An open-source and decentralized worldwide system, BNC recommends different

budgetary and installment benefits through Blockchain innovation in an across the

board stage. Through consolidating both confirmation proof-of-work and Timestamp

server innovations, it will offer the clients a definitive security in online installment.

BNC Token you have power over your cash which is decentralized. No power. No

legislature. No control.

This is another computerized resource that will be generally received by huge standard

worldwide money related foundations, organizations and people the same, not at all like

the entirety of the other absolutely numerically made cryptographic forms of money.

BNC Token has a biological system that is completely one of a kind from different

crytocurrencies token or coin with the inclination of having a drawn out bullish bearing, it

is furnished with interior specialized conduct that is over its turn level opposite cost is

continually carrying

on around the most productive and significant degree of breakout point which

additionally decides it development to conflict with every single deflationary factor that

cause cost to diminish. BNC Token was made by significant substances, patrons and

huge fish in the cryptographic money industry.

What makes BNC Token such a predominant choice? All things considered, nothing is

totally steady. The key contrast is that BNC Token executes an assortment of basic

highlights explicitly intended to evade the entanglements of old-fashioned fiat cash. This

amazingly all around built mechanical arrangement will convey open liquidity and

soundness into the worldwide economy that is likewise entwined with exceptionally low

counterparty hazard on a level never observed, while not having the option to be

corrupted.

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2.2 UNIQUE FEATURES AND BENEFITS OF BNC TOKEN 100% BACKED BY GOLD

Each BNC Gold Token is a tokenized version of the BNONCOIN digital certificates issued by The BNOINCOIN. The BNC TOKEN unique features are below:

Fungible

Convertible/redeemable/tradable. This makes BNC TOKEN tradable against

conventional gold items.

Value strength

Speaking to physical gold BNC offers token holders hazard expansion and supporting

against showcase instability at predominant credit quality while maintaining a strategic

distance from expensive transformations among fiat and crypto.

Versatile

BNC are 100% upheld by physical gold taking into account billions of dollars worth of

tokens to be given.

Dependability

BNC token is an undertaking with high likelihood that have support of solid elements,

financial specialists and promoters which have contributed on the task.

Store of Value

A store of significant worth is the capacity of a benefit that can be spared, recovered

and traded sometime in the not too distant future, and it tends to be typically helpful

when recovered. All the more by and large, a store of significant worth is whatever holds

buying power into what's to come. It is fascinating to take note of that by this very

definition, cutting edge fiat cash doesn't offer a store in esteem, as after some time, the

purchasing influence of fiat cash reduces in esteem. Along these lines, by definition, fiat

cash doesn't fit the 3 fundamental measures characterizing 'cash'.

Security

Enemies of dangers and Privacy

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Anonymized exchanges

Utilizing coin blending innovation, we call it Obfuscation . Quick exchanges highlighting

ensured zero affirmation exchanges, we call it BNC speed.

3.1 ETHEREUM

BNC Token is utilizing the Ethereum stage as it is as of now the most broadly

acknowledged stage which offers all the advantages of a blockchain. Ethereum is a

decentralized framework, which implies it isn't constrained by any single overseeing

substance. An outright greater part of online administrations, organizations, and

undertakings are based on a brought together arrangement of administration. This

methodology has been utilized for many years, and keeping in mind that history

demonstrated on numerous occasions that it's imperfect, its execution is as yet

essential when the gatherings don't confide in one another.

A brought together methodology implies single-element control, however it likewise

implies a solitary purpose of disappointment, which makes applications and online-

servers using this framework incredibly defenseless against programmer assaults and

even force blackouts. Additionally, most interpersonal organizations and other online

servers expect clients to give probably some level of individual data, which is then put

away on their servers. From that point, it tends to be handily taken by the organization

itself, its maverick specialists, or programmers.

BNC Token needs a value-based blockchain with an amazing arrangement of brilliant

agreements that can guarantee that an exchange can consolidate with the aftereffects

of past exchanges to give auditable predictable outcomes. Until this point in time,

Ethereum is the main stable framework that has accomplished far reaching selection.

The times of understanding of our senior improvement group instruct us to abstain from

anything exploratory to run a live framework.

3.2 WHO CAN USE BNC TOKEN

❖ Digital currency Traders these members can utilize BNC tokens as a protection

from against cryptographic money instability;

❖ Web based business and independently employed people BNC Token might

be utilized as installment for products and enterprises by vendors. Its low

instability as a benefit and its consistency make it an important type of cash.

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❖ Standard members these speculators might need to trade different digital forms

of money, for example, ETH for BNC TOKEN as an expansion in their

arrangement of cryptographic forms of money; and

❖ People They are steady paying little mind to high fiat expansion, precarious

money related and political circumstances, the absence of a chance to buy gold

as a venture instrument, or uncertain home, and so on.

4.1 BNC TOKEN PLATFORM

BNC Token stage has a multipurpose for capacity of coin, solid, secure, for exchanging

and trade with exceptionally effective advanced stage. Clients can utilize this stage so

as to exchange BNC Token into fiat cash or physical gold. Its wallet is made as one of

the primary stage that have their own crypto-resources that pegged by constant gold

worth, wallet is anything but difficult to utilize interface, An easy to use wallet application

for making sure about Ether and BNC Tokens and connecting with brilliant agreements,

wallet has Solid history of advancement and backing, wallet is safely and profoundly

reinforcement and It is an electronic open-source.

4.2 BNC TOKEN APPLICATIONS

The BNC Token has a simple, versatile well disposed, basic and present day

application that can be gotten to on any gadget.

5.1 FOUNDATION OF CHARITY The BNC TOKEN group shows empathy to those out of luck and connects some assistance through the BNC establishment as a methods for cryptographic money humanitarian relationship to help the less special through gift. This establishment is supported by 2.5% of the exchange charge (which is 1%). The BNC Foundation is a column in networks over the globe. 5.2 CRYPTOCURRENCIES ARE A PART OF THE FUTURE What's sure is that blockchain innovation has opened totally different points of view of significant worth exchange. Digital forms of money and crypto resources are certainly going to be a piece of things to come. They will keep on being created and their utilization cases will be adjusted further. They have upset installments, exchanges, and different markets and will before long become set up as the new norm.

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5.3 SOME BENEFITS OF ASSET-BACKED COINS Moment recognizability by means of trades.

Liquidity matters while presenting another kind of advantage; clients will be apprehensive thus will need to keep away from long haul lock-in. Continuous settlement offers moment detectability by means of crypto trades, which is the initial move towards liquidity

Diversification of risk

Through tokenizing resources, individuals who can't make immense speculations can put resources into some level of the entire resource making them ready to get the responsibility for modest part rather than a costly entirety. Tokenizing the advantage permits enhancement of hazard with the end goal that one proprietor won't be a lot influenced if the entire resource is harmed and lose its worth since he has put resources into a piece of various resources. Liquidity enhancement Resource tokenization upgrades the liquidity of benefits that in any case have low liquidity. It permits resource proprietors to catch liquidity premiums from resources that something else, due to low liquidity would not be effectively exchanged in light of low liquidity brings about creation resources costly to exchange.

ACCESSIBILITY OF ADVANTAGES' PROPRIETORSHIP HISTORY

Trust through undeniable nature, straightforwardness, and unchanging nature. This is the place guideline is basic as we are in the deceitful time of Blockchain today. Tokenizing the advantages utilizing blockchain makes the advantage securitization simpler on the grounds that the proprietors can know the historical backdrop of the advantage about past proprietorship. Additionally, legal counselors can utilize the exchanges history to move responsibility for resource. Thusly, the cheats like involving land illicitly, in the land industry would be limited as complete history would be available. Tokenization gives a few other security preferences inferable from its significant possibilities like novel, unfit to be imitated, replicated or twofold spent.

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REFERRAL BOOST FOR INFLUENCERS An influencer who has fragmentary responsibility for resource through resource sponsored coins is boosted for bringing more clients or purchasers into the benefit.

✓ A protected and cost-effective method of getting possession. Resource upheld coins on blockchain give secure, cost-effective, and quick method of getting proprietorship as the exchanges on the blockchain have low to no exchange cost.

✓ Possession transference without limitations. Resource supported coins let the vendors and proprietors move possession without the limitations of worldly and regional boundaries as the coins can be sold internationally.

✓ Low regulatory expenses. Tokenization lessens the authoritative expenses: because of over the top documentation since shrewd agreements immediately execute understandings that improve the speed of settlements.

6.1 BLOCKCHAIN A blockchain in the least difficult of terms, a period stepped arrangement of permanent records of information that is overseen by a group of PCs not possessed by any single substance. Every one of these squares of information (for example square) is made sure about and bound to one another utilizing cryptographic standards (for example chain). Things being what they are, what is so uncommon about it and for what reason would

we say we are stating that it has industry-upsetting capacities?

The blockchain organize has no focal position — it is the very meaning of a

democratized framework. Since it is a common and permanent record, the data in it is

open for anybody and everybody to see. Henceforth, anything that is based on the

blockchain is by its very nature straightforward and everybody included is responsible

for their activities.

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6.2 HOW BLOCKCHAIN BENEFITS YOU decentralized

distributed ledger that all

Because of these highlights, blockchain innovation has had the option to pull in huge numbers of the businesses so far in the ongoing occasions. A definitive advantage of blockchain is that it permits advanced data to be circulated yet not replicated, which can be gotten to by anybody yet forestalls endeavors at erasure, changes, camouflage, or distortion. Advanced data can be copied over a system of thousands and this data can be refreshed normally which is then in a flash reflected in the system. Regardless of how often BNC TOKEN are sold, the record of records will mirror the most recent data.

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Each square in the blockchain comprises of information that is inserted inside the system in general, and by definition, it is inside the open area.

6.3 WHY BLOCKCHAIN IS IMPORTANT

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7.1 OUR PRODCUTS AND SERVICES FREE EXCHANGE We settle for and exchange all major cryptocurrencies, whereas we tend to charge very little quantity fees on behalf of exchanging currencies on our platform. The Exchange are going to be directly connected to the user wallets and so solely charges fees (incl.regular network fee) once cryptocurrencies square measure aloof from the platform.

7.2 CRYPTOCURRENCY CARD BNC digital money card is a paid ahead of time multi-resource plastic, empowering coin and token spending in all fiat monetary forms the world over without trade expenses. The client will have the option to oversee resources by means of the stage, accusing the card of Bitcoin, Ethereum, Litecoin, Monero, Dash, Pecunio and numerous different digital forms of money. The charge cards accompany free decision of name on card and will be legitimate for three years. Regardless of where on the planet you live, you can be a BNC digital currency card holder and effectively deal with your advantages by means of our easy to understand dashboard. The card can be in a flash utilized as money with a swipe of the BNC-TOKEN card which can likewise be moved or utilized for installments.

8.1 TOKENIZED FUNDS

Our reserve the executives benefits of significant experience from the customary, just as from the fence stock investments industry. Yielding a decent return is our point as we deal with making sizeable commissions and crypto profit going ahead. By picking a tokenized speculation vehicle, we carry liquidity to the holy messenger and funding market, which is in any case a profoundly illiquid condition. Token holders can sell and trade at some random time, making that by itself the most huge advancement in

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business sectors over late decades. Financial specialists will profit by administrative mastery, expansive enhancement, cautious pre-choice and reallocation of included coins and tokens and progressing hazard the executives. 8.2 Risk Management Putting into BNC ICOs and BNC token, we give our speculators that exchange on BNC trade stage with great influence, the presentation of our assets contrasted with normal digital currency ventures by a long shot. Regularly, better yield implies higher danger (of misfortune). We way to deal with bring down the general hazard via cautiously differentiating our store's advantages, keeping up elite properties. Chosen due steadiness boundaries and an arranged arrangement of steps as indicated by our hazard investigation are the systems for our achievement in chance administration. In any case, it must be expressed, that an all out loss of capital isn't unavoidable.

9.1 BNC ROADMAP

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9.2 BNC TOKEN INFORMATION

TOKEN INFO

Token type: Ethereum ERC20

Ticker Symbol: BNC

Established: 2019

Total Supply: 900,000,000,000,000

For more information, please visit: https://bnctoken.net/

10.1 Exclusion of liability

This Whitepaper gives general data and materials about our BNC TOKEN. Data in the Whitepaper doesn't comprise legitimate and business exhortation or some other counsel. The substance of the Whitepaper is just to be depended upon at your own hazard. Prior to settling on a choice, it is prudent to take autonomous qualified budgetary exhortation in the applicable ward. The Whitepaper proprietors and other related gatherings are not liable for the activities, choices or other conduct taken or not taken by you in dependence upon the Whitepaper. Putting resources into digital currencies accompanies a high hazard and may bring about losing the speculation. Just put away that measure of cash which you are set up to lose and doesn't affect your way of life. Data distributed in the Whitepaper doesn't ensure that money related misfortunes might be kept away from by digital money speculators. Neither the Whitepaper proprietor nor the related gatherings are answerable for such harms. The calendar in the Whitepaper is just characteristic. The dealer maintains whatever authority is needed to change the substance of the whitepaper and other related reports in its own caution without giving notice. All terms and conditions are reserved.