Iran Other Nov 10, 2020

Cryptocurrency will help Iran get out of a dramatic situation

Bitcoin can be used by Iran as a tool to partially combat the dramatic situation it finds itself in.

Is the verdict for Iran a “classic spiral of death”?

This Islamic Republic in the Persian (Arab) Gulf zone, has three main issues:

  • COVID-19;
  • Inflation;
  • U.S. dollar.

Actually, the country’s health emergency has now reached a dramatic level, with a veritable explosion of infections and deaths since October.

According to the Iranian Ministry of health, the number of daily Covid-19 cases has more than quadrupled in the past two months, which has not only worsened the health crisis, but also led to an economic collapse.

Added to this is the continued loss of purchasing power of the local paper currency, the Iranian Rial, which continues to decline sharply.

According to Johns Hopkins University Professor of applied Economics, Steve H. According to the expert on hyperinflation, the situation in Iran from this point of view will now be a “classic death spiral”, given that since the beginning of the year, the Rial has depreciated by 54% against the US dollar, while the annual inflation rate has increased from 22% to 158%.

Moreover, the Republic has huge problems accessing its dollar reserves, as they have fallen by more than 33% in the past 24 months.

As if that wasn’t enough, international sanctions still make it very difficult to spend dollars, for example, to pay for imported goods.

Cryptocurrency as a salvation

Cryptocurrency as a salvation
Cryptocurrency as a salvation

However, the country is rich not only in oil, since in August 2019 it regulated the production of cryptocurrency so much that it somehow stimulated the development of this industry.

A few days ago, a new law required all miners working in the country to sell the extracted cryptocurrencies to the Central Bank, and allowed the Central Bank itself not only to purchase and store cryptocurrencies, but also to use them to pay for imports.

For example, the fact that citizens can mine Bitcoin and then force them to give It to the Central Bank can actually help solve the problems of not being able to get enough dollars to be able to spend it on buying imported goods.

How Bitcoin may help Iran

Using its significant energy sources, it can easily obtain a certain amount of bitcoins, although probably not very large, for free use in international markets. In fact, using BTC can also help circumvent the sanctions imposed by the United States of America.

Thus, also due to the recent appreciation of the BTC exchange rate, the Iranian economy may partially face the significant difficulties it faces when importing, using Bitcoin instead of the US dollar as the currency for international payments.

It is not yet clear whether this is actually the case, but since the Iranian Central Bank purchases BTC on the one hand and is authorized to use it to pay for imports on the other, everything suggests that such a scenario is absolutely plausible.

SPACEBOT

Author of the article

How to listing my coin/token to the SPACEBOT?

Application Form for Listing

Please Kindly Answer the Following Questions:

  1. 1. Coin Recommender
    1. 1.1 Anyone Introduces You to SPACEBOT?
    2. 1.2 Referral’s Name, Mailbox, Telegram Account
  2. 2. Introduction of the Project
    1. 2.1 Name of Project, supporting both Russian and English
    2. 2.2 Official Website
    3. 2.3 Documentation link (api for developers)
    4. 2.4 Symbol (url: coinmarketcap.com,coinpaprika.com etc.) ATTENTION: It’s a prerequisite! If information about your coin is not available on this resource, we can agreed and list it on coinmarketrate.com. Listing price from 10 ETH.
    5. 2.5 Offering Price (url: coinmarketcap.com,coinpaprika.com etc.)
    6. 2.6 Total Fundraising Amount (url: coinmarketcap.com,coinpaprika.com etc.)
    7. 2.7 Brief Introduction of your Project Covering its Positioning, Features , etc.
    8. 2.8 Expected Trading Pairs against BTC, USDT, ETH (url: coinmarketcap.com,coinpaprika.com etc.)
    9. 2.9 Anyone in Charge of the Project
    10. 2.10 Contact of Project Manager
    11. 2.11 Project promotion Channel like Website, Wechat Official Account, Twitter, etc.
    12. 2.12 Attachment of Source File of Token Logo
    13. 2.13 Is the Project Tokens Based on ERC20 (or other blockchain)?
    14. 2.14 Any Market Value Management?
  3. 3. Project Marketing ant Its Users Scale
    1. 3.1 Expected Listing Date
    2. 3.2 Users Community in Telegram, Twitter, Reddit, Slack, WeChat, QQ Group , etc. and Its Links and Scale
    3. 3.3 Media Reports and Links
    4. 3.4 Time and Place of Roadshow or Other Marketing Campaign?
    5. 3.5 Marketing Budget on SPACEBOT and Token price establishing margin
  4. 4. Qualifications
    1. 4.1 Basic Information of Team Members
    2. 4.2 Consultants or Public Figures
    3. 4.3 Early Investment
    4. 4.4 Whether Listed on Quote Platform,such as Feixiaohao ,CoinMarketCap, etc.
  5. 1. Notes for Listing
  6. 2. SPACEBOT the unique software, for co-production of cryptocerrency. SPACEBOT provides an opportunity to get a monthly increase in the productivity of the cryptovoltaic minting of PRIZM, BIP and other cryptocurrency due to the total increase of the balance in the network of blockages through the “Proof-of-Stake” system.
  7. 3. SPACEBOT is only responsible for verification of authenticity and legitimacy of projects. SPACEBOT will not evaluate the project, and not provide any moral and value endorsement. The digital assets team will take full responsibility for all illegal irregularities such as illegal fund-raising, pyramid selling, money laundering, gambling, drug abuse, fraud, being banker of the asset, etc.
  8. 4. The digital asset teams need to make preventive measure with SPACEBOT to keep away from crushing the market. Otherwise we will end the cooperation.
  9. 5. SPACEBOT will remove the project from the list if : The dissolution of team keeps our client away from mining, transferring, block inquiring, etc. No investors trade, hold, use this token; technical failure which affect mining, transferring, block inquiring, etc. The team has some illegal irregularities such as illegal fund-raising, pyramid selling, money laundering, gambling, drug abuse, fraud, being banker of the asset, etc.

How to register a new users on SPACEBOT?

Registration on SPACEBOT is available only via the referral link which you can get after bonding 100 coins to the pool.

In order to get the link through the Telegram bot:
1. Send 100 coins to the wallet given by the bot: Wallet – Deposit
2. Bond 100 coins to the pool: Wallet – Deposit for paramining
3. Skip to ‘Affiliate program’ section and copy your referral link
4. Now you can share your referral link and invite new users

In order to get the link through iOS/Android:
1. Send 100 coins to the wallet given by the App: Home screen – Refill
2. Bond 100 coins to the pool: Home scren – Bond
3. Skip to ‘Affiliate program’ section and copy your referral link
4. Now you can share your link and invite new users

How to install the iOS App?

To install the App

1. Follow the link:

https://apps.apple.com/ru/app/spacebot/id1498907599

2. Сlick ‘Install’ and follow the standard steps to install the App on your device

3. If you are a new user – press ‘Register’ (you need to indicate your inviter; find your inviter`s ID or get a referral link in the ‘How to register a new user’ section)

4. If you already have your SPACEBOT Telegram account you need to link it to email. You may find how to do it in ‘How to link email to your SPACEBOT account?’ section.

How to install Android App?

To install the App:
1. Follow the link:

https://play.google.com/store/apps/details?id=space.bot.mobile

2. Press ‘install’ and follow the standard steps to install the App on your device.

3. If you are a new user – press ‘register’ (you need to indicate your inviter; find your inviter`s ID or get a referral link in the ‘How to register a new user’ section)

4. If you already have your Telegram SPACEBOT account you need to link it to email. You may find how to do it in ‘How to link email to your SPACEBOT account?’

How to top up your balance?

Top up your balance with Telegram bot:
1. Go to ‘Wallet’ section
2. Press ‘Deposit’
3. Copy the wallets sent to you (be careful not to copy extra symbols)
4. Transfer coins to the copied wallet adress

Top up your balance with iOS/Android App:
1. Press ‘Top up’ on the mail screen
2. Copy the wallets sent to you (be careful not to copy extra symbols)
3. Transfer coins to the copied wallet adress

* Track transaction on the blockchain:
PRIZM – https://prizmexplorer.com
BIP/BTT – https://explorer.minter.network

**Please note that depositing of coins requires certain number of confirmations in the network and it takes time to process a transaction with our algorightm

***Also note that many exchanges and wallets services carry out transfers with delay (on some exchanges it can take up to 72 hours), and you shouldn`t worry since this is a stadard procedure.