Watch out Bitcoin, a whole lot of Jewish people will soon be trading in Cryptocurrency

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Watch out Bitcoin, a whole lot of Jewish people will soon be trading in Cryptocurrency

There is a new cryptocurrency on the block and it gets its name from the priests who once served in the ancient Temple in Jerusalem. Created by Russian entrepreneur Vyacheslav Semenchuk, BitCoen was created to simplify connections between Jewish communities.

The BitCoin logo boasts a Magen David!

BitCoen has been advertised as the first kosher cryptocurrency with all the advantages of the digital world combined with the values and customs of the ancient foundations in the framework of Jewish law. There is a practice in the Jewish religion of giving ten percent of your income to charity. In keeping with this, BitCoen will give the Jewish community a tenth of its earnings in the form of BitCoens. BitCoen will give further charity in the form of interest free loans to their members.

Instead of a board of Trustees, BitCoen will be run by a council or as Semenchuk refers to the group as the Council of Six. Each of these six will represent a different sector eg: business, politics, finance, technology, public work, and culture.

BitCoen are currently running a pre Initial Coin Offering (ICO) in which members of the public can purchase up to 50K Bens, the code for BitCoen. Currently 1 BEN = $ 0.75 which is a Discount of 62.5%. On the 9th of October the ICO starts and 1 BitCoen will be equal to $1, a 50% discount. From the 1st of November, 1 BitCoen will cost you $2. At this point, owners of BitCoen will be able to sell if they want to.

Find out more about BitCoen here

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