Two events have become central to the cryptocurrency market: the growth of Bitcoin and the placement on the Kraken stock exchange of koin McDonalds. Are they related to each other? Back in 1986, the Big Mac index became a world standard, as reported by The Economist magazine, which had earlier started tracking the cost of a Big Mac in comparison with securities and national currencies.
Today McDonalds decided to digitize this figure. The Steablcoin BMAC, announced by McDonalds and provided with a standard hamburger (3 layers of buns + 2 layers of beef + special sauce, pickles, salad, cheese and onions), was proposed late last year. Each MacCoin (BMAC) reflects the cost of a hamburger and is traded at the level of: $ 5.58 (as of April 1, 2019).
Recall that the price of a hamburger since its first release in 1967 ($ 0.45) has steadily increased in relation to fiat currencies, while its main characteristics remain the same (nutritional value is 500 calories). The ratio of the number of calories to the number of costs for the production of one hamburger, this product is unmatched, so the trend of a steady increase in its cost is not surprising.
The publication on the Kraken says that sell orders will not appear immediately after launch, but only after the first BMAC deposits are cleared, which will take from 3 to 5 days. BMAC will initially trade in pairs with the dollar and the euro, as well as with the assets XBT, FRY, KO.
BMAC gives you the opportunity to earn on arbitration – for example, buy in the UAE for $ 3.81 and sell in Switzerland for $ 6, while earning a net profit of $ 2.19 on each Big Mac, which gives a great back of 57%.
There is no information on the stock exchange about adding other assets for trading in pairs with BMAC. Also, representatives of the exchange report that the coin of the world diner will not support Happy Bundle, since this project has signs of fraud. In addition, the exchange, as usual, warned its users that adding an asset (in this case, BMAC) to the listing of the exchange is not a call for its purchase.
Interestingly, at almost the same time as this event, the price of Bitcoin broke through the level of $ 4,200 and set out to storm $ 4,900. Experts believe that the start of the BMAC trade on the Kraken could be a serious catalyst for the growth of Bitcoin. Since the use of cryptocurrency by such a monster of the industry as McDonalds means a massive adoption of digital assets and it was this news that could move the market up.