Bali price is $0.00414730
The current price of Bali Coin (BALIC) is $ 0.00414730. Over the last 24 hours, it has increased by +0.00%%.
Bali Coin (BALIC) is a cryptocurrency that aims to integrate with the tourism industry, specifically focusing on the island of Bali. It is designed to offer an alternative payment method for services and products related to tourism on the island. The coin encourages the utilization of digital currencies as a convenient and innovative mode of transaction for tourists and local businesses alike.
The Bali Coin (BALIC) project was initiated by individuals or an organization with the goal to enhance the tourism experience through the adoption of blockchain technology. The specific founders or team members' names are not provided, but they likely consist of professionals with backgrounds in technology, finance, and hospitality aimed at addressing the needs of the Bali tourism sector.
Bali Coin works by providing a digital currency platform that can be used for transactions between tourists and service providers in Bali. The details on how it operates, such as the underlying blockchain infrastructure or the transaction process, are tied to the platform's technology. Users would be able to use BALIC tokens to pay for services like accommodation, tours, and dining, and vendors can receive payments directly in BALIC, fostering a circular economy within Bali's tourism industry.
Bali Coin's unique proposition lies in its targeted approach to a specific geographical and economic sector – tourism in Bali. It seeks to address the friction points for tourists and businesses by providing an easy-to-use, fast, and potentially cost-effective payment method. BALIC could streamline transactions and possibly offer rewards or incentives for its use, which would set it apart from general-purpose cryptocurrencies.
The Bali Coin ecosystem is likely supported through partnerships with local businesses and tourism stakeholders that accept BALIC for their goods and services. The ecosystem's growth depends on adoption rates by both tourists and service providers. The developers may also have frameworks to enhance the token's utility, such as loyalty programs or partnerships with travel agencies.
The circulating supply of Bali Coin (BALIC) is . It's important to differentiate circulating supply from total supply, which is the maximum number that will ever exist, which in the case of BALIC is 1000.0M.
As of the latest data, Bali Coin (BALIC) has a market capitalization of $ . This places it at the #1 rank in terms of market cap among all cryptocurrencies.
If you are looking to purchase Bali Coin (BALIC), it can be found on the . Detailed information regarding how to buy and store BALIC can typically be found on the official website or through community forums and guides.
To keep your Bali Coin secure, it's crucial to use a reputable digital wallet that supports BALIC. These could range from hardware wallets, which provide physical offline storage for cryptocurrencies, to software wallets with robust security measures. Always ensure that your wallet is up-to-date with the latest security patches and that you follow recommended safety procedures, such as using two-factor authentication and keeping your private keys confidential.
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