Birdchain price is $0.00049423
Birdchain (BIRD)'s current price is $ 0.00049423, which increased by +0.00% in the last 24 hours. Its volume of transactions over the past day amounts to 0.2.
Birdchain is a decentralized application (DApp) that aims to disrupt the traditional instant messaging space by introducing a blockchain-based solution. The platform allows users to earn extra income through several activities such as selling their unused SMS messages, engaging with promotional videos, and monetizing their personal data. It operates with the understanding that companies like Google and Facebook are already leveraging user data for profit, but Birdchain gives the control back to individuals, allowing them to decide which data they wish to sell.
While the specific individuals or organization behind the creation of Birdchain are not disclosed here, it is developed and managed by a team of experts passionate about leveraging blockchain technology to provide users control over their data and an avenue for passive income. The team's philosophy centers around data ownership rights and the fair redistribution of revenue generated from user data.
Birdchain works by utilizing the blockchain to create a transparent and secure ecosystem for instant messaging and data transactions. Users can sell their unused SMS quotas to businesses that need to send bulk SMS messages, watch advertisements to earn BIRD tokens, and opt-in to sell specific sets of their data.
Once a user decides what data they are comfortable sharing, that information can be sold directly to interested businesses. Payments to users for their activities and data are made in BIRD tokens, Birdchain's native cryptocurrency, enabling a secure and transparent reward system.
BIRD tokens are the core of the Birdchain ecosystem. They serve as the medium of exchange for transactions within the platform, including compensating users for selling their data, unused SMS messages, and engaging with content. These tokens are designed to circulate within the Birdchain economy, providing value to the users and incentivizing engagement with the platform.
Birdchain's technology is unique because it combines the realms of instant messaging and data monetization with blockchain's groundbreaking security and transparency. It empowers users to not only communicate securely but also earn income from resources they possess, such as SMS messages and data. The decentralized nature of the platform puts users in charge of their data and earnings, which is a significant shift from the centralized approaches of traditional social media and communication platforms.
As with many blockchain applications, Birdchain likely employs cryptographic methods to secure transactions and data exchange. Although detailed technical specifications aren't provided here, blockchain networks typically use consensus mechanisms that ensure the integrity and security of the network by making it computationally infeasible for attackers to alter transaction data.
The current circulating supply of Birdchain (BIRD) is , contrasting with its known total supply of 580.3M. The supply dynamics are crucial as they can influence the price and scarcity of the token.
Birdchain's role in user data monetization is to provide a platform where users can actively participate in the value chain generated from their data. Unlike the passive role users play in traditional data aggregation by companies, Birdchain enables users to select what information they want to share and earn BIRD tokens as a direct benefit from doing so.
The upgrading of Birdchain's technology presumably follows a governance model or developer team decisions, ensuring that the platform stays relevant and secure. Updates might include enhancements in smart contracts, introduction of new features, or improvements in the application's user interface. The specific upgrade process is often detailed within the platform's documentation or communicated by the developer team.
Birdchain (BIRD) can be purchased on various cryptocurrency exchanges. To find out which exchanges currently list BIRD tokens for trading, users should refer to the official Birdchain website or consult the list of supported exchanges.
To keep your Birdchain tokens safe, it's crucial to store them in a secure wallet that supports ERC-20 tokens, as BIRD is likely an Ethereum-based asset. Using hardware wallets for the highest security or reputable software wallets for convenience is advised. Always keep private keys confidential and practice safe browsing to reduce the risk of phishing attempts and hacks.
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