Canadian Bunz Trading Zone is launching its own cryptocurrency
An online trading Canadian platform name Bunz Trading Zone is going to launch its own cryptocurrency and will be call as BTZ according to local paper The Globe reports April 9. This coin pronounced as bitz will be first Canadian cryptocurrency to launch to an established community.
In 2013 bitz was launched as a Facebook private group by a fashion designer Emily Bitze to exchange unused items with friends. The community raised rapidly and shortly extended outside Facebook and Toronto then bitz app and website were launched in 2016.
According to reports platform expand quickly due to simplicity and absence of cash. Absence of money on a trade based platform occur as the biggest challenge to creator, without an exchange of money there is no clear income stream.
In project blog explained that each bitz user will receive 1000 BTZ that will be use to exchange goods and services. At beginning initial amount will be worth enough for about three coffees.
CEO of bitz said that company design a revenue model but declined to comment on what it is or when it will be introduced and launch of BTZ is intended to attract more users to the platform.
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