It's a shame to admit that, but I, an economist, only yesterday learned about the existence of Blackbox Foundation's blockchain. Although the company was officially founded in May 2017, until this spring we knew very little about it. And so, the breakthrough is done, the system is developing, the ICO Blackbox Foundation is in the Pre Sale stage - and this is throughout the summer.
What idea do they offer us?
Blackbox is a flexible operating system designed to manage various remote projects and campaigns. The control principle is blockchain, DVP protocol, which is supposed to be independent of crises and other global shocks. In general, the service was conceived with the goal of freeing the management mostly from the impact of external factors, especially politics and malicious acts.
Who’s behind the Blackbox Foundation?
When reviewing a team, you will find that the organization that founded this blockchain carries the same name. These people believe that it is possible to operate a single OS for project management. And there are more than 60 people working over this project, under the leadership of Jason J. Sosa, the founder and adviser in the Occiptal and InfoScout companies. Also in the team works Benjamin Stewart, who used to lead UBS and Carlyle, and then Bob Goodman and other bright personalities. For example, Tom Bowles who worked previously at CERN. The project will attract more and more professionals in the field of IT, data science, blockchain and machine development.
The task which is before the team
Is it possible to radically change the situation in the world by elevating the average worker and changing the notion of "workplace" in the mind of people? So, is it possible to make capitalism more efficient and enjoyable for those who are not a millionaire? Are we able to reduce the social gap?
The authors of the Blackbox Foundation argue that all these questions can be answered with "yes." Daily work and undervalued labor are the fate of more than 70% of people around the world. Moreover, we are often being isolated in four walls of the office. The personal component is nothing. In the end, people just hate their job.
Blackbox seems to be going to eliminate this system by promoting trust, equality and diversity for all.
How will this work?
Based on the principles of separate management from different countries. Each member of the blockchain will be able to participate in it and to contribute. All this will be realized through the Proof of Value protocol, each participant of the platform will be able to profit up to 80% of the project profit. The balance of funds will be transferred to a common fund and be used to cover costs for sales, licensing, reviews, lawyers, etc. The profit will be available in the BBOS tokens, which we will discussed further.
Tokens and ICO campaign
Inside the ecosystem, there is a single coin for settlements which calls BBOS. Further you can change your BBOSes on fiat or withdraw them on a card. Till that it provides liquid democracy and equal exchange within the system. Pre Sale is held from June 1st till August 31st, 2018. Within it, there will be sold 34.5% of all the tokens (that makes 1 billion). Here's what we know about Blackbox ICO:
- Hard Cap $ 10, 000, 000 for Pre Sale campaign;
- 1 BBOS = $ 0.16;
- Reward is up to 50%;
- Payment is possible in ETH and BTC.
Tokens after this campaign will be distributed as follows:
- ICO - 34.58%;
- community funds - 30.66%;
- development and team - 20.75%;
- third-party developers - 1%;
- reserve - 10%.
To make a conclusion
You have to analyse the sources by yourself. Traditionally I quote them at the end of the article so that you too can objectively evaluate the project. Which seems to be an example of "progressive capitalism", and its goals differ from those of other ICOs. And yet, I do not see enough information about the product! Do you?
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