Been seeing some fud that the BCY token has no purpose as people will just use BTC.
Can some one clear this up and give a reason that the BCY token will have Value?
EDS burns BCY not Bitcoin, so there will be a constantly smaller supply of BCY. Also, as long as you buy cards primarily with BCY then there will always need to be BCY held buy players. I am sure there will be ways to use BTC to buy cards, but BCY will likely be the primary currency for EDS cards in the near future.
You could make the same argument about every crypto out there, if I can ultimately just hold bitcoin and have third party service switch to another currency for me when I need it, then what is the purpose of anything but Bitcoin... there are several billion dollars that say other coins will have value even in the face of a dominant crypto currency.
Thanks for the input DJ, My bad for listening to fud.
I wasn't sure about EDS promise to burn tokens on cards purchased. Am I right in assuming it's 50% of each cards value that gets burnt?