How to convert your BBNcoin

Login to your Boonbuy account  https://app.boonbuy.net/

Goto menu
Click on Exchange
Click on Migrate to new wallet
After clicking you will receive a pop-up message
Click on buy

Done

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Watch a description video from a funder

About BBNcoin Pre-ico

https://bbncoin.net/  (Pre-ICO WEBSITE)

About The Pre-ICO
The Pre-ICO will be available to all existing Funders to take part. During the Pre-ICO, Funders will be given the opportunity to convert their existing coin in their wallet to the New BBNCOIN developed on Blockchain.

The Breakdown: Activities to Note for the ICO Process.
01 Benefit Of Conversion

02 Pre ICO Duration

03 ICO Proper

04 Public ICO Period

05 The Future Of BBNcoin

06 How To Convert Your BBNcoin To Bitcoin

07 BBNcoin On Exchange

08 The Value Of BBNcoin After ICO

09 Why BBNcoin Convert From Naira to Dollars
10 BBNcoin Technology

01 Benefit Of Conversion Of Old Coin To The New Coin
Your coin becomes an asset  which will appreciate in value over time
You can exchange your BBNcoin on an exchange platform where BBN is registered
You can keep your BBNcoin to appreciate in value
You can exchange your BBNcoin with other cryptocurrencies
The transactions on www.bbncoin.net are transparent.


02 Pre ICO DurationPre-ICO is a period in which Funders are allowed to convert their Old BBNcoin to the New BBNcoin via www.bbncoin.net.This will take place for 7 days, starting from 22 /11/17 to 29/11/17


03 ICO ProperAfter the Pre-ICO, BBNcoin will be launched at the international market for all other proposed would-be BBNcoin holders. The ICO shall will place from the 30/11/17 - 29/1//18. Meanwhile, within this period, all trading will be suspended on www.app.boonbuy.net till the end of ICO.

04 Public ICO Period2 months
Start Date: 29/11/17
End Date: 29/1/18


05 Future of BBNcoinBBNcoin will also be used for different transaction such as E-Commerce, Funds Transfer, and also to acquire Real Estate assets.(etc)


06 How To Convert Your BBNcoin To BitcoinAfter the ICO, BBNcoin will be available on exchangers worldwide such as Bitfinex, YObits, Cryptopia, HitBTC, BBN Marketplace etc. After the ICO,(and) Funders can approach any of the exchanger platforms to collect either Bitcoin or other alt coins.


07 BBNcoin On ExchangersAfter the ICO BBNcoin will be registered on other exchanges worldwide, which will be available for traders


08 BBNcoin Value After ICOCurrently, BBNcoin is valued at $2.70 per 1 BBNcoin. After ICO the value will be determined by traders and it is mostly based on demand and supply.

09 Why BBNcoin Is Converting From Naira to DollarsThe Dollar is the standard currency for most international transactions. Since BBNcoin will be selling its coin at the international market and the dollar value has to be known for all other countries who wish to buy the coin. During the process of conversion, all Funders’ BBNcoin will be divided by 1000 and the BBN value will be $2.70

For example, 100,000 BBNcoins divided by 1000 = 100 BBNcoins X $2.70 = $270. You will then convert this to Naira equivalent, which will give you around N97,065 (based on current value of Dollar – Naira, which is $1 – N359) Remember, this value can either appreciate or depreciate


10 BBNcoin TechnologyTechnology always creates two contexts; how you can do things better and what you can do. Below is the technological specification on how BBNcoin was developed.


BBNcoin Specification (Technology)

-  Coin Algorithm (*PoW)

-  Coin Abbreviation: BBN

-  Maximum Coin Supply: 100 million

-  Coinbase Maturity: 1Block

-  Total PoW (Proof of Work) Block: 183

-  PoW (Proof of Work) Block Reward : 20 BBNcoin

-  Block Spacing : 15 Secs

-  Maximum Block Size: 8388608


Do not forget to remind your friends and other co-Funders to participate in the migration exercise, as this is vital to moving forward with us to the next trajectory of our journey.


Again, the BBNcoin in your kitty is an asset. As with most assets, they usually appreciate in value over time.


Expect more updates.

 We are moving forward. Yes we are! Thank you for choosing Boonbuy.


We will triumph.


How to convert your BBNcoin

MOVING FORWARD

Dear Funder,

Thank you for taking a moment of your time to read through our Letter of Assurance a few days ago.  We are reflective about many of your reactions and feedback via WhatsApp, Telegram and the Blog.

We find a majority of them very insightful, encouraging and some keenly instructive. Even so, we can’t thank you enough for your understanding, prayers and loyalty.

As previously stated in that letter, we will be launching our Initial Coin Offering. Just before we do that, we want you, our esteemed and loyal customer to be the first to enjoy the Pre-ICO deal.

This deal will only occur through a migration process that will run for a week. During this process, you will be able to convert your current BBNcoin to a Blockchain-based BBNcoin.

Why Blockchain? We know you always wanted to ask. So here’s the simple answer. Blockchain is reputed as the standard for trust when it comes to Cryptocurrency because it promotes transaction transparency, reduces fraud and ensures efficacy.

Letter of Assurance

Dear Funder,

We have emerged as Nigeria's premier e-currency trading platform because of your loyalty and support. Our pioneer status has brought great success which is a testament to our innovative approach in creating avenues to wealth for individuals, families and small and micro businesses.

This success has attracted envy and a clear misunderstanding by certain principalities who do not yet understand the business model and technology of Blockchain which we have driven in this clime. As it is; we are ahead of our times and this has unfortunately slowed down our efforts at making you not just richer but also happier.

How to set margin

        

Location: By default your location is selected, if you are in another location kindly select your current                        location.
        
        Below are details in the form;

        Location: By default, your current location as at the time of signing up is selected, if you
        are in another location kindly select your current location.
        
        Bank: Your default bank is selected, you can select other banks if you don’t want to use
        your default bank
        
        Margin: This is the value you decide to buy BBNcoin at the marketplace. If the current
        value of BBNcoin to Naira is 1, you may offer to buy ABOVE or BELOW the current price.
        Setting the margin above: If your margin is 10, your selling value will be 1.10
        Setting the margin below: If your margin is -10, your selling value will be 0.91
        
        Min Limit: Specify the minimum amount of BBNcoin you want to buy. (NOTE: You can’t
        buy below 50,000 BBNcoin)
        
        Max Limit: Specify maximum amount of BBNcoin you want to buy
        
        Terms of Trade: Specify your condition when trading. Eg “After receiving payment in my
         bank I will release your BBNcoin. Thank you and happy trading!”
     
        Trade Liquidity: When buying, if the maximum amount your want to buy has been
         reached your trade should leave the list.

How to trade your BBNcoin

The Marketplace has been changed from what it used to be. Because listening to helps us

understand what you truly need, it has been reviewed and modified to serve you better.
First and foremost, before you start trading, you must first show an interest to buy BBNcoin
before you can sell.
To be able to sell your BBNcoin, you must have bought BBNcoin from the marketplace. 
To start trading, ensure you have minimum of 100,000 BBNcoin inside your trading wallet.



HOW TO BUY BBNcoin

How to sell your BBNcoin

HOW TO SELL BBNcoin

For you to be here,it means you have successfully bought BBNcoin.Now you can sell your BBNcoin..Below are the procedures.

To get started

1. Login into your Boonbuy account.

2. From the menu click on Marketplace in the drop down select Market