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BEEP coin news
About BEEP coin
What Is BEEP coin (BEEP)?
We are a meme community with a flair of sophistication – a decentralized token project that uniquely combines the power of artificial intelligence and a democratic ethos with a fun-loving spirit. We’re on a mission to create an engaging, entertaining, and rewarding ecosystem for our community.
The BEEP Coin project is pioneering the development of advanced AI Bots, encompassing:
- AI-powered Social Bots, designed for community moderation across platforms such as Discord, Telegram, and other community platforms.
- Cutting-edge Meme Bots that facilitate the creation of state-of-the-art memes and meme community templates.
- Chart Bots specializing in analyzing the influence of real-world events on asset prices.
In the ecosystem, $BEEP coin acts as a payment token, granting access to the ecosystem tools through a burning mechanism.
How Many BEEP Coins Are There in Circulation?
BEEP Coin launched on Uniswap on May 24, 2023 with ca. 4.1 trillion BEEP tokens as maximum supply. 7% of the max. supply are allocated to the founders, 45% got sold during the pre-sale, 37.5% were used to deploy the initial liquidity pool on Uniswap paired with 59.5 ETH. 5.5% of the max. supply are allocated to a potential CEX listing, 4% are reserved for marketing & community activities and 1% are allocated as community rewards.
With launching the liquidity pool on Uniswap, approx. 82.5% of the tokens are in circulation, making potential inflation neglectable.
Who Are the Founders of BEEP Coin?
Underpinning this visionary initiative is a team of seasoned Web3 founders. Their mission is to nurture and foster decentralized communities within the digital realm, following the footsteps of the influential NFT communities that revolutionized the digital art world in 2021.
The defining attribute of BEEP lies in its unique “Board of Directors” concept. However, it’s no traditional boardroom filled with corporate executives. Instead, BEEP’s board hosts AI-powered clones of industry leaders like Elon Musk and Gary Vaynerchuk.
This pioneering approach enables BEEP to channel the wisdom and ethos of these industry innovators, promoting informed decision-making while delivering often hilariously profound insights.
Where Can I Buy BEEP (BEEP)?
BEEP is available for trading on a growing number of exchanges, with Uniswap and other swaps applicable.
What Is TrueUSD (TUSD)?
TrueUSD is a U.S. dollar stablecoin pegged to USD at 1:1. First launched to a limited investor base in January 2018, TrueUSD has since grown to incorporate almost $400 million of backed tokens as of October 2020.
TrueUSD is one of a number of cryptocurrency stablecoins administered by TrustToken, a platform for tokenizing real-world assets.
As with other stablecoins, TrueUSD aims to facilitate increased liquidity and provide cryptocurrency traders and general users with a nonvolatile asset relative to free-floating tokens such as Bitcoin (BTC).
As of October 2020, TUSD is the 38th largest cryptocurrency by market cap.
Who Are the Founders of TrueUSD?
TrueUSD is a stablecoin launched by parent company TrustToken, whose co-founder and CEO is Rafael Cosman.
Cosman has a lifelong attachment to cryptography, studying it along with artificial intelligence (AI) before working at both Google Brain and software company Palantir. He left Google to create TrustToken in 2017.
Cosman has stated that TrueUSD was always just the start of TrustToken’s product line, involving relatively little work in return for creating a high-impact asset.
At the time of launch, he noted that regular auditing of the stablecoin formed an important focus for the company, giving investors peace of mind at a time when many cryptoassets were seeing heavy volatility in the wake of the initial coin offering (ICO) phenomenon.
What Makes TrueUSD Unique?
TrueUSD aims to balance stability and utility — the main use cases of any stablecoin — with security in the form of regular attestations.
From its launch onwards, parent company TrustToken has sought to underscore the importance of independent verification of the stablecoin’s provenance. As such, the stablecoin’s appeal is geared towards larger investors looking to reduce risk, in addition to smaller private traders.
TrustToken describes TUSD as “the first regulated stablecoin fully backed by the US Dollar.”
TrueUSD is part of an ever-expanding stablecoin market, which now includes a large number of USD-backed assets. Tether (USDT) remains by far the largest, with a market cap of $15 billion as of October 2020, compared to TUSD’s $382 million.
TrustToken has entered various corporate partnerships as part of its business activities, including options for TUSD holders to increase annualized passive income returns.
How Many TrueUSD (TUSD) Coins Are There in Circulation?
There was around 381.9 million TUSD in circulation as of October 2020. Given its status as a stablecoin, the supply is uncapped, and will continue to expand according to demand.
There are two incarnations of TUSD available: an ERC-20 token on Ethereum and another, also known as TUSDB, a BEP-2 token on Binance Chain.
TrueUSD’s equivalent redeemability for USD is maintained via partnerships with banks and fiduciary entities.