INTRODUCTION
Technological advances are something we can not avoid in thislife. Because technological progress always goes according to the progressof science. Every innovation is created to provide positive benefits for human life. Gives many benefits and conveniences, as well as new ways of doing human activities. One of the fastest growing technologies is the internet, almostall over the world use the internet network forevery need. Using only your phone or smartphone can connect you to the world.
The idea for creating an affordable and easy to use peer-to-peer cryptocurrency insurance marketplace, came naturally with the cryptocurrency market growing, very quickly over the past year. The world of business is constantly evolving. If we talk about blockchain, then we will discuss a major eruption. Let’s take an example of startup blockchain with BITRUST as an example
“before we started BITRUST, there wasn’t one single person on our team – a team of true blockchain enthusiasts-whowould not lose money trading cryptocurrencies in the post one way or another. One day we were all sayinghow great it would be to have an affordable tool fer trading tansactions’’. And that’s how idea of BITRUST came naturally into being, “says ALEX DUHAMEL, CEO of UK-based BTF Project Limited.
BITRUST promotes greater blockchain technologi calengagement in our daily lives by reducing risks associated with investing in cryptocurrency, enabling new and existing projects to grow for the benefit of the entire system.
WHAT IS BITRUST
BITRUST is the affordable, decentralized, easy to use crypto currency peer-to-peer (P2P) insurance market based on Ethereum, a smart-contract technology utilizing blockchain. BITRUST's goal is to beaf for dable for retail digital currency investors with an average monthly trading volume of between $ 100 and $ 100,000.
HOW IT WORKS
Since BITRUST is a peer-to-peer decentralized cryptocurrency insurance platform,
a BITRUST smart contract can involve two or more counteragents. For
simplicity, we use the following terms: those seeking an insurance are Buyers
(B-side), and those willing to insure are called Sellers (S-side).
For example:
B-side places a bid on the BITRUST platform to insure a certain position:
Insure against ETH (with a value of $100) dropping in price
by 30% against BTC for 96 hours (based on a certain index).
With or without certain conditions:
Willing to pay in digital currencies an equivalent of $5 as an insurance.
Claim an equivalent of $15 in case the price drops to $70 or below.
S-side may be just one seller or a cluster of several sellers, which can:
Agree to the terms proposed by B-side.
Or make a counter offer proposing slightly amended terms.
CROWDSALE DETAILS
To finance the development and support of the BITRUST platform, a limited-supply
sale of BTFs will be performed. The tokens will be created by BTF Project
Limited, a UK-incorporated company. During the token sale, the accepted currency
will be ETH, BTC and LTC. BTFs that are not acquired during the token
sale will be burned automatically by the smart contract.
PRE-ICO
BITRUST pre-ICO phase will last for 30 (thirty) days.
A maximum of 20,000,000 BTF tokens, equivalent to 1,000 ETH,
will be available during the pre-ICO phase.
Pre-ICO participants will receive a bonus of 100% on every investment.
During the pre-ICO phase, there is no minimum buy of BTF tokens.
The pre-ICO phase will start on 2nd March 2018 and continue until 31st
f March 2018.
ICO
• The BITRUST ICO phase will last for 60 (sixty) days, if a soft cap is notreached sooner.
• The token creation will be soft capped upon receipt of ETHequivalent to EUR 6m, fixed at 6,000 ETH.
• If the soft cap is reached before the end of the planned tokencreation period, additional contributions will be accepted for a periodof 240 hours.
• The token creation will have a hard cap of 12,000 ETH. Upon achieving this cap, token creation will stop and no further contributions will be accepted.
• The ICO phase will start on 2nd of April, 2018 and continue unti31st of May, 2018, or until other smart contract conditions are triggered.
TOKEN ALLOCATION
The tokens will be allocated among participants in the ICO, the BITRUST founding
team, advisors, and members of the bounty program.
• The maximum number of tokens created will be BTF 250,000,000.
• The number of tokens available during the
token sale will be BTF 150,000,000.
• 60% of all tokens issued will be allocated to ICO participants.
• 15% of tokens issued will be allocated to the BITRUST team and will be automatically locked for 24 months by smart contract.
• 5 15% of tokens issued will be allocated to members of the bounty
campaign, advisors, and towards ICO campaign costs.
• 6 10% of all tokens will be automatically locked for 24 months by smart
contract as a reserve for further development in the BITRUST platform or Secondary Coin Offering.
TEAM
for more details pleas visit the link below :
Web sites :
https://bitrust.co.uk/
Bountyhive :
https://bountyhive.io/join/Bitrust?from=Ubay
White paper :
https://bitrust.co.uk/files/whitepaper.pdf