BMC1usd is NOT
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Not a public cryptocurrency: Cannot be traded outside the BMC1 BeMyCoverage1 ecosystem.
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Not an common ERC20 token and is not for external exchange: Fully internal ledger-based token.
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Not a security or investment product: Only used for vehicle-protection-membership operations and internal accounting.
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Not subject to market price fluctuations: Always pegged 1:1 to USDC regardless of ERC20 token values.
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USDC-equivalent values for
premiums, coverage limits, and internal settlements within the Be My Coverage1 blockchain membership-vehicle-protection platform.
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"BMC1usd is a non-speculative nor a cryptocurrency...
BMC1usd is a dollar-denominated
UTILITY Token unit used exclusively for the
member-vehicle-protection on blockchain accounting token inside the Be My Coverage1 ecosystem system.
A Prepaid Services Token Unit."
-BMC1-
