Our Blog
BackPacker Coin Has Kept own promise-welcome you

From July 7 till now, we have kept the BPC rate stable. We are dedicated to stay with our promise very seriously. In the near future, people will be able to see the price tag of the product in crypto with the help of BPC.

The BPC community is growing at a very good pace. We are going to increase BPC withdrawal limit soon with some conditions.

BackPacker Coin is helping the tourists and backpackers to explore the opportunities and travel the world in a hassle-free way. Payment transactions and currency conversion can be frustrating sometimes. Most travelers face low rates of currency conversion, heavy fees of payment gateways and high commission rates from middleman. So our aim is to impose the decentralized system with the help of blockchain technology to reduce the end cost of transactions.

One of the advantage of using the digital currency is transaction fees are almost lower. We are serving as a alternative payment method which eliminates currency conversion charges and people do not need to keep lots of cash with them.

We do not want to limit ourselves. we are helping the travel and hospitality industry in a more broader way. 

Airlines, hotels and restaurant chains, taxi service providers, currency brokers and any other service provider want to connect with BPC then please write us. Our doors is open for everyone as well as it is win-win for you/

Posted on December 30, 2019
New Dollar-pegged Backpacker Coin Launched

Stablecoins are becoming the next big wave not just in the crypto world but the whole digital currency and transaction industry. Many investors, enthusiasts and futurists of the sector are drawn to the fact that digital assets need not be the volatile, risky investments that they are and a new class of such currencies should be established that should be pegged to stable fiat currencies like the US Dollar. 

New Stablecoin Backpacker Coin (BPC) Launched

Stablecoins are gaining traction in the sector as they are tethered to the Dollar and offer digital currency transactions like regular cryptocurrencies with none of the extreme volatility. One such exciting new project is called the Backpacker Coin (BPC) which is coming out of Singapore for the global Tourism industry. The new stablecoin is an attempt to tap into the multi billion dollar sector and remove major hurdles by cutting fees for currency transactions, conversions and ensuring ease of payments. The BPC is a USD pegged digital currency that aims to keep it stable for a long time and therefore help increase mainstream adoption and reliability, something regular stablecoins have failed to provide so far. 

While the Tourism industry is growing steadily around the world, persistent problems remain due to the use of conventional ATM companies and banks that slow down things and charge a heavy premium. The Backpacker Coin aims to eliminate these issues and help offer a global digital payment system that works for all. 

The Launch Day- 7th July

The much awaited Backpacker Coin was launched in a brief yet impressive ceremony in Singapore on 7 July 2019. The launch offered various insights into the stablecoin project. The venue was The Metropolis Tower Two 11 North Buona Vista Drive, Singapore, Singapore. 

Separate concurrent events were also organized around the world in Australia, United Kingdom, USA and other parts of Asia as well to launch the new platform at the same time for users around the world. Countries from all six habitable continents rely heavily on Tourism these days and the BPC is optimistic to tap into the wonderful potential of stablecoins at grassroots level in these countries.

In addition to local members, selected promoters, worldwide ambassadors and influencers also attended the project launch. 

Stabilizing the Stablecoins

According to the lead presenter of the project BPC was one of the pioneering stablecoin projects in not just Singapore but also in the world. Facebook’s Libra is jumping on the stablecoin project months after the phenomenon took over the world. The project also aims to maintain the native BPC coin at $1 for the next 30 months which will be an impressive feat considering the fact that USD Tether, Gemini Coin, USD Coin and other major stablecoins have failed to completely peg their coin to the Dollar with the former also running into considerable issues with the SEC regarding Dollar liquidity in its accounts. 

The BPC is a project of DAMO; the first decentralized autonomous meritocratic organization in the world. The organization uses blockchain technology to use a secure ledger to track, verify and speed up digital transactions thanks to a new concept called “timestamp” that every member can check. 

The project has no central authority and the transfers are ensured by a consensus-based approach which lends credibility to the system. 

The Grassroots Approach

The BPC has been in the pipeline for the last eight months according to the lead presenter at the event. The focus of the project is not just to get people to invest in the stablecoin project but also engage the community at the grassroots level around the world to increase awareness and highlight the positive impacts of digital currencies and BPC itself in the Tourism sector. 

Now Offering Enterprise Management Incentive (EMI) Options

BPC is proud to offer EMI for investors and other stakeholders in the new initiative. They are offered tax advantaged share options within a particular company with no need to pay the tax on increased value on these shares. The big news was also announced by the Backpacker Coin presenter recently and outlines the ambitious initiative that the group is working on.

The Future

According to the roadmap of the stablecoin project, the platform will spend a substantial part of 2019 to research Proof-of -Concept (PoC) pilot platform in line with its uploaded whitepaper. The last quarter of the year will see public and seed funding for the project.


Posted on July 7, 2019
Backpacker Coin Launching Soon with Exchange on the Cards

Backpacker Coin, a Singapore-based USD-backed stablecoin project is back and will be available for users in the near future. The futuristic and practical stablecoin allows users to spend money in a borderless manner all around the world without the need of using intermediaries like banks who charge exorbitant fees and are restricted geographically. Backpacker Coin as the name suggests is especially useful for the backpacking and touring community around the world and their demands of a borderless yet stable currency have now been answered with our revolutionary platform. 


In the latest update to the USD-backed stablecoin project, the company behind Backpacker Coin has announced in-house real-time testing of the new project. More details will follow once the initial test of the platform is complete and the findings can be shared with the shareholders and the early bird investors in a transparent manner. Due to the excellent feedback from the investor community and our users, the Backpacker Coin’s upper limit is set to be increased with more incentives for miners to come and join the decentralized project.


The Backpacker Exchange Announced

The Backpacker coin has also announced the development of a new cryptocurrency exchange where the backpacker coin and other fiat and cryptocurrencies can be traded professionally. The work on the exchange has begun and the investors will be apprised fully of the development in the near future. 

Cryptocurrency exchanges are rapidly becoming the largest day-to-day public trading platforms in the world. Binance, Coinbase, and Bitstamp, three of the largest cryptocurrency exchanges in the world handle more than $1 billion worth of trades every day on their own. It is a fast growing industry that is also incorporating other trading sectors like forex and bullion trading. Soon, gold-btc trading options will also be available for users around the world.

Backpacker Team aims to take advantage of this situation and come out with an innovative exchange of its own. While the project is currently being kept under wraps for secrecy, users can be confident that great things lie in store for the future. 

We take this opportunity to thank all the people involved in our amazing project from potential users, investors and crypto enthusiasts. With the increase in blockchain-based businesses around the world in general and Singapore in particular, Backpacker Coin aims to be the future of excellence and profitable investment.


Posted on September 24, 2019
Blockchain Startups Raising Huge Investment. Invest Now in Backpacker Coin

Blockchain startups are attracting solid investment from around the world. Recently, a blockchain security startup called CoolBitx raised over $16.75 million in a series B funding through SBI, a venture capitalist firm in Japan. The startup is now looking to expand across the world. The startup joins a long list of crypto and blockchain platforms raising serious money at investment rounds.  

The world is now interested in blockchain and cryptocurrency related projects more than ever so it is the best time to invest and become part of promising startups from around the world. While the wave of short sighted ICOs is now over, it is time for the concrete crypto startups to take over and make a name for themselves. 

The Backpacker Coin (BPC) is a solid crypto platform. It is a payment enabler that is focusing on the worldwide tourism industry including the smaller backpacking community within it. Based in Singapore, the platform has real credentials that will change the way payment is made by the travel industry in the near future. The promise is simple:

1. Pay remotely and effortlessly through BPC Coin, a stablecoin pegged to the $1 value. Backpacker Coin remains the only coin to offer $1 stable value to its customers rather than unstable values 

2. Have a universal regulatory approved payment platform that one can use anywhere, anytime. 


The struggle for a universally payable currency and method is never ending. Regular cryptocurrencies like Bitcoin have limited acceptance while cards have high fees and limited functionalities. The Backpacker Coin is aiming to become a real world alternative to both systems. Using the blockchain-based stablecoin feature, BPC will ensure seamless transactions with $1 stable value with less transaction fees and such. It is important to understand that other stablecoins never offer true $1 value. USDT, USDC, Paxos and others offer “unstable” stablecoins and their value can change upto 3% in a single day. No platform has a solution to this unstable USD-pegged coins currently flooding the market. 

Backpacker Coin aims to end this by guaranteeing a stable value for every user around the world. Backpacker Coin is also looking to be compliant with all the regulatory requirements of governments and will ensure systemic compliance on all protocols. By offering a hassle-free regulatory approved solution, Backpacker Coin is the real deal!

Become a part of the Backpacker Coin Revolution Now and support the development!


Posted on February 28, 2020
Backpacker Coin Announces 2.0 Update Including Groundbreaking Changes in Supply and Consensus Algorithm

The Backpacker Coin project has announced a new update on the development of the cryptocurrency project. They include a shift from Proof-of-work mining approach to a Proof-of-Stake one, changes in supply and several other updates to help bolster the future of the cryptocurrency’s footing for the future.

The Backpacker Coin is a new stablecoin project that envisages a truly $1 stablecoin price. The developers first promising a stable $1 value and these coins can be mined as well. It is a revolutionary project and therefore, the developers are  working round-the-clock to be able to actually make it work, something that hasn’t been achieved till date.

Major Changes

The more significant changes in the cryptocurrency’s working include the update of its underlying algorithm, reduction of total supply, 20% pre-mined coins, controlled release of new supply and of course the migration from Proof of Work to Proof of Stake mining.

Previously, the Backpacker Coin used the Script algorithm for its consensus protocol. It was mostly derived from the working of Litecoin network which has perfected the Script-based system for a while. But, even with Litecoin’s system, the ability of big miners to have some control over the mining exploits and thus the network’s supply has left the system wanting. So, the Backpacker Coin was shifted to the X15 algorithm. The X15 is a combination of over 15 algorithms to reduce the influence of ASIC miners further.

This new approach will have cut the transaction time in half from 2-4 minutes to 1-2 minutes, ditch a specific transaction fee for a more dynamic arrangement and be available in Web, Android, Windows and Linux. The iOS option will not be available for the time being.

4 million BPC coins will come as pre-mined and a further 16 million BPC will be up for grabs for miners bringing the total hard cap to 20 million BPC. Previously, approximately 1 billion coins were expected to come pre-mined and over 1.5 billion BPC were expected to be available for miners bringing the total number of coins to 2.5 Billion BPC. This dramatic shift was announced by the developers to help post sustainable progress as a stablecoin.

New Mining Reward Details
Mining awards are as under:

Block 1 to 100 : Premine 4000000

Block 101 to 400100 : Reward 5 BPC per Block

Block 400101 to 844544 : Reward 4.5 BPC per Block

Block 844545 to 1344544 : Reward 4 BPC per Block

Block 1344545 to 1915972 : Reward 3.5 BPC per Block

Block 1915973 to 2582638 : Reward 3 BPC per Block

Block 2582639 to 3382638 : Reward 2.5 BPC per Block

Block 3382639 to 4382638 : Reward 2 BPC per Block

Block 4382639 to 5715975 : Reward 1.5 BPC per Block

So, crypto enthusiasts and early adopters from around the world can become a part of the Backpacker community and join an early bird program of a new, promising project right when it is about to take off in the near future.

Posted on March 28, 2020
Backpacker Coin Announces Listing on VinDAX Exchange

 New coin projects, especially stable coins need liquidity and general utility to be accepted around the world. A listing on a new exchange means that the coin can be exchanged or redeemed with other cryptocurrencies and converted back to fiat easily. 

The Backpacker Coin (BPC) has announced that it has successfully listed on the VinDAX  for the first time. Previously, the generated BPC could be exchanged with Bitcoin and USD on its native wallet app. However, to offer additional options for the end user, the BPC team has now announced the new listing. 

What is the Backpacker Coin?

The Backpacker Coin is a new project that envisages a true $1 stable value for all users till 2022 on the platform. The Backpacker Coin remains the only stable coin to offer this proposition as other stable coins are known to fluctuate every now and then from the $1 value. The coin is especially intended for the travel and backpacking community that is considerable across the world and is anxiously waiting for the Corona virus pandemic to ease so they can go about their business. However, vendors and small traders can use this service effectively as well. 

While the Backpacker Team announced this move, it is also to be clarified that the project is not looking at an exchange listing as the next big thing as the real objective is to get as many users on the platform actually using the coin itself for regular everyday use. This is why delivering the next generation platform to use the stable coin remains the primary objective rather than just becoming a utility for day trading like other stable coins have become like the likes of USD Tether, USD Coin, Paxos Dollar, Gemini Dollar and the others. 

Recent Updates to the Backpacker ecosystem

The Backpacker Coin has announced sweeping changes to its system with a streak of updates announced. The supply has been reduced to a more user-friendly 20 million BPC ($20 million) and the premined coins are around 4 million BPC in total. The platform has also increased functionality with Windows and Linux users getting the option to download the new wallet and use the Backpacker Coin effectively. A new X15 algorithm has also been envisaged to become the backbone of the consensus protocol. This system is different from the previous Scrypt algorithm and is known to be faster and much more futuristic. 

To download Backpacker Coin Wallet and get to know more about, visit the www.backpackercoin.com



Posted on May 5, 2020
Financial Institutions and Banks Studying Stablecoin Systems

The government financial institutions like banking regulators and currency issuing authorities like reserve banks are studying stablecoin systems to learn more. Recently, a working committee of the G-7 has announced a report investigating the impact of stablecoins in the world. Three conventional banks including Banco Bradesco, Bank of Buscan and Rizal Commercial Banking Corporation have announced stablecoin projects of their own. They have chosen IBM’s blockchain service for this purpose and are really upbeat regarding their future developments.

This is a sign that the conventional banking sector may fully embrace the stablecoin revolution on their own in a few years time. The sector’s current innovators and trend-setters will therefore become much more influential in decision making in the future as they are making technological breakthroughs on the back of which these decisions will be made. This is why the stablecoin revolution will go a long way in making way for cryptocurrencies to succeed. 

While many of the blockchain-based stablecoin projects rely on a blockchain network of their own to operate, many of the new comers are looking at already existing secondary networks for their operations. While a network like the Ethereum blockchain can easily be used to build and operate a stablecoin, banks may look to a centrally responsible entity to offer them blockchain services like IBM's Hyperledger fabric. 

Since it has emerged that banks are looking to study and eventually use the stablecoin technology, one can expect different plans of actions from their side. The central revenue banks may end up relying on their private blockchain networks because they cannot afford to delegate this power. Commercial banks as already witnessed will in all likelihood use enterprise blockchain solutions like the ones offered by IBM and R3 Corda. But, a few willing parties may look to benefit from the existing infrastructure as well. 

Backpacker Coin (BPC) is one of the innovative projects that banks and other financial institutions can look at. Instead of fluctuating a lot like other stablecoin projects, the Backpacker Coin  doesn’t fluctuate at all, giving the coin a truly stable $1 value. The Backpacker ecosystem is also extremely important for a true borderless stablecoin of the future. BPC users can transact with the currency extremely usefully with very less transaction fees and easily pay remotely. The project is especially useful for the backpacker community and the travel industry overall. 


Posted on December 5, 2020
Backpacker Coin Shifting its Operations from Singapore to Wyoming

The first true $1 stablecoin project backpacker coin has announced that it is moving its operations from Singapore to Wyoming, a small midwestern US state known for its pro-blockchain and crypto stance. The move was announced by the Backpacker Team after running into regulatory hurdles in Singapore. 

Wyoming is the least populated US state with just 600,000 inhabitants, however, the state is known for its pro-crypto stance. The state just last year enacted 13 pro-crypto laws that benefit any blockchain companies that intend to set up there. Other pro-crypto stances are also in the works with the Wyoming senate becoming one of the first state governments in the country to recognize Bitcoin as money. The move was passed 28-1 by the legislative body and has since become part of the municipal law. Wyoming also has several incentives to offer for blockchain-based solutions in place too. 

The Backpacker Coin project is an ambitious project that aims to provide a true $1 stablecoin value for its native Backpacker Coin (BPC) holders at least till 2022. The coin was recently listed on Vindax exchange and is also available for purchasing on its online wallet. So, it is only befitting that the Backpacker project moves to Wyoming, a state so welcoming to new coin projects in the heart of rural USA. This is where blockchain technology has the potential to be adopted most. 

The Backpacker Project also announced new developments including a shift from Proof of Work to Proof of Stake mining, a shift from the Scrypt algorithm (found in litecoin) to X15 algorithm for consensus, reduction of the overall hard cap to 20 million BPC, decrease in pre-mined BPCs in circulation as well as other recent updates. 

Backpacker Coin aims to become a real use case for blockchain technology. Vendors, ticket counters, grocery stores will soon accept BPC as payment. The fully stable $1 value is also a big incentive for users as the company has guaranteed a $1 value and transaction fees are one of the lowest in the sector. 

Follow Backpacker Coin blog for more updates.   


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Backpacker Coin
11 North Buona Vista Drive
Level 08-09
The Metropolis Tower Two
Singapore 138589

Posted on May 21, 2020