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blockbits
BlockBits
Decentralized investments
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BlockBits

Decentralized investments

Investment
CountryRomania
TypeUtility
Wwwhttps://blockbits.io/
Price in preico1 ETH = 9800 BBX
Price in ico0.0947 USD
Preico start4th Feb 2018
Preico end28th Feb 2018
Ico start10th Mar 2018
Ico end1st May 2018
Whitelist kycNone
TokenBBX

About BlockBits

BlockBits DApp is not just another crowdfunding platform, it’s the innovation that sets the standard of what the ICO market urgently needs to become: safe investments and legitimate projects. For the first time investors can decide if they keep backing a project or take their money back.

The platform provides innovative mechanisms such as safe funding vaults and secure milestone based payments and is designed to become fully independent, maintained and governed by its token holders. Blockbits is launched through the very code submitted here as MVP.

Welcome to the smart company of the future! Never tired, no bias just code, autonomous platform distributed throughout the blockchain, mutable only with its community approval, always ready for the innovative ideas of tomorrow!

Be part of the change! Stop gambling! Start INVESTING!

Whitepaper

Missing whitepaper? Let us know.

Team

Advisors

alexandru-lazar

Alexandru Lazar

Emerging Technologies Enthusiast

sandeep-patel

Sandeep Patel

Managing Partner

richard-johnson

Richard Johnson

Digital Consultant ( Security | Technology )

georgeana-bobos-kristof

Georgeana Bobos-Kristof

Mathematics Professor / Educational Consultant

tiberiu-socaci

Tiberiu Socaci

Business Development Manager

Team

micky-socaci

Micky Socaci

Main Developer

mihai-iliescu

Mihai Iliescu

Senior Security Engineer

vlad-morar

Vlad Morar

Video / Marketing Specialist

ionut-toader

Ionut Toader

Frontend Developer

radu-dumitru

Radu Dumitru

Graphic / UX Designer

arthur-birnbaum

Arthur Birnbaum

Animation and Motion Graphics

Financial

Token info

Token
BBX
Platform
Ethereum
Type
ERC20
PreICO price
1 ETH = 9,800 BBX
Price in ICO
0.0947 USD

Bonus

Marketing Pool - 180% bonus ( max 300 ETH ) PreICO - 40% Bonus

Investment info

Accepting
ETH
Distributed in ICO
60%
Soft cap
5,000 ETH
Hard cap
35,000 ETH
Raised
Unknown

Milestones

1
PHASE 1 - PROOF OF CONCEPT

Period: June 2017 - January 2018

1.1 The Documentation
- Technical Documentation
- Functional Diagrams
- Deployment Strategy and Flows
- Live Documentation

1.2 The Code
- Backend Application MVP
- 350+ Unit and Integration Tests

1.3 The Tools
- Bounty Portal
- Bounty Program Tools
- Mobile Applications

1.4 The Offering
- Platform identity - Logo and Design
- Campaign Ofering Whitepaper
- Campaign Landing Page

1.5 Landing Redesign
- Reverting to Standard Token Sale
- BlockBits Info Flow Diagrams
- New Explainer Video
- Explainer Articles

2
PHASE 2 - FUNDING

Period: Feb 2018 - May 2018

2.1 Funding Start
- Announcements
- Funding Campaign Launch
- AMA interviews
- Press releases

2.2 The PRE ICO
- Period: 4th of February 2018 to 28th of February 2018

2.3 Marketing limited Public Sale
- Period: 4th of February 2018 to 10th of March 2018

2.4 The ICO
- Period: 10th of March 2018 to 1st of May 2018

2.5 Token Allocation
- Date: 2nd of May 2018
- Direct Funding Pool - Token unlock
- Bounty Portal Pool - Token unlock

3
Phase 3 - Development Milestones

Period: May 2018 - May 2020

Development Start Date: 5th of May 2018

4
Development Milestone 1

Milestone Name: Minimalistic Platform
Estimated Duration: 90 days

- Team expansion
- Swarm / IPFS Storage
- Platform Web Application
- Campaign Page
- Campaign Listing and filtering
- My Profile
- MainNet / TestNet Testing environments
- Deployment Tools
- Application State Processing Daemon

Note: Minimum required functionality in order for token holders to be able to validate and vote on proposals.

5
Development Milestone 2

Milestone Name: 3rd Party Launch Functionality
Estimated Duration: 180 days

- Platform Web Application
- Campaign Page improvements
- Campaign Listing and filtering improvements
- Project Creation Wizard - v1
- BlockChain Application Deployer
- Platform - Revenue Stream Storage Contract
- Mobile Application Update

Note: Minimum required functionality to allow 3rd party projects to launch through the platform and allow token holders to participate in funding events that include discount programs.

6
Development Milestone 3

Milestone Name: Code Upgrade Tools and Token Buyback
Estimated Duration: 90 days

- Code Upgrade Tools with in platform code diff viewer
- Token Buyback functionality that uses funds in Revenue Stream Storage

Note: Minimum required functionality to allow Code Upgrades to be processed in order to enable Token Buyback for the main platform and launched children projects.

7
Development Milestone 4

Milestone Name: Basic Risk indicators and Collaboration tools
Estimated Duration: 90 days

- Campaign Risk indications and analysis
- Campaign listing and filtering based on risk indicators and scoring
- Project Creation Wizard - v2
- Collaboration Tools
- New Discount programs
- New Funding algorithms

Note: Basic Risk analysis and indicators for projects and Collaboration tools for the Creation Wizard.

8
Development Milestone 5

Milestone Name: Advanced functionality
Estimated Duration: 90 days

- Project Creation Wizard - v3
- Funding Auction Bidding
- Advanced Risk indications and analysis

Note: Advanced functionality for project creation, risk analysis and indicators for project page details.

9
Development Milestone 6

Milestone Name: Token Holder Upgrades
Estimated Duration: 90 days

- Token holder initiated Code Upgrades that get paid from the Revenue Stream Storage Contract

Note: Allows token holders to propose upgrades and get paid for them.

10
Development Milestone 7

Milestone Name: Full Decentralization
Estimated Duration: 90 days

- Full Decentralization Support
- ENS Ownership & ENS annual renewal payments
- Storage Ownership with renewal

Note: Project gets prepared for completion, where no one owns it.

Blockbits provides innovative mechanisms such as safe funding vaults and secure milestone based payments. The platform offers to both investors and project owners investing tools and minimal to zero fees. Our platform is designed to become fully independent, maintained and governed by its own token holders. Blockbits itself is launched through the very code submitted here as MVP. It is not a Venture Capital Fund, nor an Investment Fund. It is a platform where you launch your project and the community is going to be the one moderating the content. Welcome to the smart company of the future! Never tired, no bias just code, autonomous platform distributed throughout the blockchain, mutable only with its community approval, always ready for the innovative ideas of tomorrow!