BORNEO COIN : REDEFINING CROWDFUNDING (ARTICLE REVIEW
Borneo Coin is a new decentralized currency that is redefining crowdfunding and will revolutionize Malaysia’s FinTech sector.
Owning Borneo coin will allow you to participate in Blockchain projects run by Borneo First (BF). The projects aim to unleash the true potential of Borneo Island while maintaining harmony with its rich nature and wildlife. In the beginning, it will focus on three main projects: Coal Green Mining, Independent Power Plant and Cryptocurrency Mining. Meanwhile, we also have some projects in the pipeline including CSR projects focusing on sustainable reservation endangered species such as Orang Utan. We foresee that some of these projects could result in another blockchain powered cryptocurrency, which will benefit BF community financially. BF team will work continuously to add more value to Borneo coin while also actively communicating with its supporting community to decide which projects BF should pursue.
Potential of Borneo Island
North Kalimantan: (young province established in 2013): hydroelectric (has a total capacity of 17100 MW from more than 20 rivers); oil and gas (764 million barrels of oil and 1.4 trillion cubic feet of gas); biogas and oil palm plantations; an integrated industrial estate and a special economic area (15,000 ha will be projected as an integrated smelting center with an international port); coal; agriculture / plantation and tourism
South Kalimantan: gold, iron ore, diamonds (largest producer in Indonesia), chromite, marble, clay, quartz sand, kaolin, coal, crude oil, palm and rubber plantations, agriculture, fisheries,
East Kalimantan: Plantations (palm, rubber, coffee, cocoa, pepper, cloves, etc.), livestock, fishery, agriculture, oil and gas, coal and tourism
Central Kalimantan: coal, bauxite, diamond, gold, quartz sand, quartz crystals, phosphates, limestone, iron, lead, copper, zircon, titanium, oil and gas, oil palm plantations, agriculture, and tourism
West Kalimantan: molybdenum, clay, gold, copper, lead, antimony, bauxite, uranium, zircon, quartz sand, granite, coal, oil and gas, forestry, palm plantations, agriculture (biggest producer of aloe vera in Indonesia), fisheries, and tourism.
PROJECTS
With the initial funds gathered from ICO, Borneo Coin will engage three projects as the first portfolio. They are; Coal Green Mining, Independent Power Plant and Cryptocurrency Mining. All these projects will be taken place in Borneo island. The profit gained from these projects will be returned to Borneo coin holder and some will be reinvested to other projects.
With the initial funds gathered from ICO, Borneo Coin will engage three projects as the first portfolio. They are; Coal Green Mining, Independent Power Plant and Cryptocurrency Mining. All these projects will be taken place in Borneo island. The profit gained from these projects will be returned to Borneo coin holder and some will be reinvested to other projects.
COAL GREEN MINING
Despite humankind starts to move toward renewable energy, it is hard to deny that right now we are still dependent on fossil energy like coal. Fact is, developing countries in Asia, such as China and India, are using more coal. And Borneo island is rich with coal reserves to meet global demand.
Despite humankind starts to move toward renewable energy, it is hard to deny that right now we are still dependent on fossil energy like coal. Fact is, developing countries in Asia, such as China and India, are using more coal. And Borneo island is rich with coal reserves to meet global demand.
INDEPENDENT POWER PLANT
Borneo is hedging the coal-mining operation by building coal-fired power plant to create electricity from our excess production if any. The electricity will be sold to government and also will power the cryptocurrency mining site. Solar power plant also in the plan to take advantage of Borneo island being located on the Equator.
CRYPTOCURRENCY MINING
Cryptocurrency mining can be seen as a way to convert electricity to money, while empowering the blockchain community. It is almost an obvious decision to including this project in our portfolio.
Borneo is hedging the coal-mining operation by building coal-fired power plant to create electricity from our excess production if any. The electricity will be sold to government and also will power the cryptocurrency mining site. Solar power plant also in the plan to take advantage of Borneo island being located on the Equator.
CRYPTOCURRENCY MINING
Cryptocurrency mining can be seen as a way to convert electricity to money, while empowering the blockchain community. It is almost an obvious decision to including this project in our portfolio.
China is at the center of Crypto mining. However, due to the high consumption of subsidized electricity, it has made the Chinese government banned such activities and forced to relocate to the region
Corporate Social Responsibility Program (Donate)
Corporate Social Responsibility Program (Donate)
This project not only provides financial benefits, but also social and environmental benefits. They recognize that their projects can have an impact on society and the environment, and these impacts need to be reduced for business smoothness.
For coal mining projects, as part of the project legal prerequisites and corporate social responsibility (CSR) program, a community development program will be designed based on the needs and needs of the local community. For each environmental impact, it will be reduced through the work of their coal mining rehabilitation division, which consists of engineers with educational backgrounds in the fields, environment, civil and agriculture.
Its social responsibility project will run side by side with other projects. The project will be managed in isolation but also prioritizes communication and coordination with the project that connects it.
First of all, the program to be run will be made on the recommendation of the final project feasibility report, and will be further developed after getting input from our advisors and government recommendations.
The scope of our CSR program is community service (such as renovation of public facilities and worship, tree planting, orphanage development), community empowerment (such as scholarships, SME training and agricultural training), and community relations (such as assisting communities in solving their problems) .
The scope of our CSR program is community service (such as renovation of public facilities and worship, tree planting, orphanage development), community empowerment (such as scholarships, SME training and agricultural training), and community relations (such as assisting communities in solving their problems) .
ADVANTAGES TO:
Consumers
Consumers
- Always enjoy low transaction fee
- Remove the hassle of depending on third parties to confirm transaction
- Use Borneocoin to pay any affiliated online merchants
- Enjoy Borneocoin’s holder benefits program and enjoy frequent promotions and offers
Vendors
1.Keeping track of receipts and expenditure will not be an issue with the aid of blockchain technology
1.Keeping track of receipts and expenditure will not be an issue with the aid of blockchain technology
- The whole system will be built on trust and transparency, ensuring double-spending won’t happen, nor transactions are diverted without trace
- Auditing will be more efficient and less time-consuming –
Traders
- Enjoy the perks of a deflationary currency, where Borneocoin will rise in value as demand goes up
- Cryptocurrency is not influenced by bad economies or ineffective monetary policy, therefore ensuring Borneocoin will remain liquid and stable as long there is a demand
- Trade your Borneocoins any time and instantly without worries –
ROADMAP
2017 –
DECEMBER 2017
Mainnet Launched
Web Wallet Launched
Pre Sales –
2018 –
JANUARY 2018
BNC Swap
iOS / Android Wallet Launch
Marketing
Acquisitions –
FEBRUARY 2018
BNC Exchanger
Target Price USD 0.054 –
MARCH 2018
Starting Operations
BNC benefits holder program
Marketing & Acquisitions –
Q2-Q4/2018
Public Exchanger Listing
Marketing & Acquisitions –
2019 –
Q1/2019
Desktop Wallet
Mining Farm Program
Online Payment Gateway –
Q4/2019
Hibbah up to 30% from project's revenues
Target Price USD 0.216
2017 –
DECEMBER 2017
Mainnet Launched
Web Wallet Launched
Pre Sales –
2018 –
JANUARY 2018
BNC Swap
iOS / Android Wallet Launch
Marketing
Acquisitions –
FEBRUARY 2018
BNC Exchanger
Target Price USD 0.054 –
MARCH 2018
Starting Operations
BNC benefits holder program
Marketing & Acquisitions –
Q2-Q4/2018
Public Exchanger Listing
Marketing & Acquisitions –
2019 –
Q1/2019
Desktop Wallet
Mining Farm Program
Online Payment Gateway –
Q4/2019
Hibbah up to 30% from project's revenues
Target Price USD 0.216
TEAM
Brilliant, Dedicated and Fearless to Re-Imagine
- Chief Executive Officer (CEO) Alfian Ahmad
- Executive Director - Azlin Awang Chee
- Chief Operation Officer (COO) - Marshal Anthony Pereira
- Chief Technology Officer (CTO) - Muhamad Montana Kamaruzaman
- Chief Compliance Officer (CCO)- Kasim Muhammad
- SVP of Business Development - Yazid A. Samad
- Vice President of Marketing - Asmarah Rikun
- Vice President of Product - Chee Delailla Shazali
- Marketing Director - Liau Vui Min (Johny)
- Assistant Marketing Director - Mohd Arrafath Azman
- Business Support Director - Chong Tau Pen
CONCLUSION
Borneo Island has a lot of potential this project will help unlock. When that is done, there will be more development in the Island and the people will be better for it.
Borneo Island has a lot of potential this project will help unlock. When that is done, there will be more development in the Island and the people will be better for it.
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