Published: Nov 20, 2018

Billion (BLLN)

Website

Status

ICO

Billion is a comprehensive and user-friendly set of tools designed for both active cryptocurrency users and for those who are only starting out in the crypto space. Billion will include all the elements necessary to satisfy the daily needs of a cryptocurrency user: a p2p exchange service with low conversion fees, an easy-to-use mobile wallet with support of multiple currencies, a marketplace accepting crypto payments, a guaranteed courier delivery service, a financial messenger, and an investmen.

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Updated: Nov 20, 2018

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Ticker

BLLN

Type

Cryptocurrency

Token standard

ERC20

FoundedHong Kong

What is Billion

Billion - concept. Overview of the Billion ecosystem

The Billion infrastructure is a framework of services optimized for everyday use:

Billion Change — platform for fast, user-friendly, and safe cryptocurrency exchanges without intermediaries, based on the peer-to-peer principle;

Billion Go — courier service that allows any user not just to benefit from delivery services but also to provide these services to others;

Billion Things — marketplace of goods and services sold for cryptocurrency;

Billion Invest

All these modules will form part of a single app — a multicurrency wallet that, apart from access to numerous services, will allow users to conclude deals and discuss financial matters in complete privacy through a special messenger. The launch of the complete infrastructure and a specially designed Billion blockchain will give ecosystem participants access to a wide range of everyday services that provide advantages and quality guarantees not found in the world of fiat money.

The Billion app brings together such complex technologies as SPV architecture, SegWit, and Payment Code ID, together with a financial social network (including a messenger and automated payments) and integration of a large number of cryptocurrencies. At the same time, the app boasts high speed, convenience, and simplicity required by smartphone users, as well as a unique interface based on the "three taps" concept: all necessary tools and features can be accessed with no more than 3 taps from the main screen. This interface has become possible thanks to the innovative features offered by iOS12. In order to achieve the best arrangement of the functional elements on the home and other screens, an exclusive design concept was developed, relying on intuitively clear color associations. A special motion design scheme was created to ensure fast and easy access to all the modules.

The Billion interface takes into account all the latest trends in UI/UX (user interface/user experience) and the best practices in the crypto market. This combination makes working with Billion easy and comfortable.

Since a test version of the Billion app has already been released, all iPhone users will be able to appreciate the benefits of using decentralized systems in their daily life. Billion serves not only as the best access point into the world of crypto and smart contracts — it is also a great alternative to the tools presently used by the cryptocurrency market participants

Advantages offered by the Billion ecosystem

Up until very recently there wasn't a single easy-to-use and convenient mobile app that would at the same time serve as a secure solution for interacting with the crypto world, fit in with the decentralization philosophy and have a really simple, streamlined interface. Billion Wallet has all these qualities.

Billion Wallet is a sophisticated crypto wallet created using the latest design trends and wide technological opportunities provided by iOS. It is already available in App Store and will soon be released in Google Play. Billion differs from other wallets as strongly as iPhone differs from all other smartphones. The app is constantly improving and adding new features that are sure to make it one of the market leaders in the near future. Creation of a comprehensive ecosystem around Billion Wallet, with a wide array of useful services, put it in a league of its own, far above ordinary crypto wallets. At the same time, the well thought-out and elegant interface makes Billion much easier to use than existing online banking apps and wallets.

Billion Wallet users will hardly wish to switch to another wallet once they have a chance to appreciate the many features and advantages of Billion:

Thanks to the use of Simplified Payment Verification (SPV), the wallet directly synchronizes with the Bitcoin blockchain. This provides users with full control over their funds and eliminates the risk of leaking data on user activity as a result of a hacker attack on intermediary servers. SPV allows to verify that a transaction has been recorded without having to download the whole chain of blocks. The technology was described by Satoshi Nakamoto, but up until now it's only been implemented in a handful of apps.

All user scenarios are carried out easily and quickly, requiring no more than three taps.

Transaction history is displayed in an easy-to-read way, without long address strings. The exchange rate to the chosen currency is fixed at the moment of the transaction.

All key information is available from the home screen of the app, including transaction history with fiat equivalents, send and receive buttons, settings, etc.

It is possible to add transaction counterparts into the list of contacts and interact with them without using email addresses and phone numbers. Thanks to the Reusable Payment Codes technology, contacts are stored on the Bitcoin blockchain as long as two users send funds to each other (that is, at least one pair of mutual transfers is present). This also solves the issue of having to copy an address, insert it in a messenger, and send the message: in Billion, all this is done in just one tap.

The app eliminates the need for a complex 2-factor authentication: a TouchlD or FacelD is enough.

Thanks to the implementation of Reusable Payment Codes, a new Bitcoin address is generated each time a user initiates a payment. This solves the problem of address reuse, which compromises privacy. Billion Wallet is the only example of this technology implemented in an iOS app.

A convenient system of customizable network fees allows users to save money on non-urgent transfers.

The wallet has a number of features common in mobile banking apps, such as payment requests and adding comments to requests and transactions, which will come in handy for most users and significantly improve the experience.

Billion Wallet has an in-built aggregator for exchange rate comparison and buying or selling Bitcoin in various regions.

Exchange between different cryptocurrencies is extremely easy and intuitive; placing buy and sell orders takes much less time than in traditional crypto apps.

Billion Roadmap

Q1 2016

The idea creation. The beginning of concept formation

Q2 2016

The beginning of an architectural and UI design process

Q3 2016

Team formation, development of a wallet based on SPV architecture and Payment Codes ID

Q4 2017

Creation of Billion application prototype based on SPV architecture and Payment Codes ID

Q4 2017

Billion application launch in AppStore, the core element in coming ecosystem
Messenger prototype based on Payment Codes ID
UI design completion

Q1 2018

Launch of funds request via messenger based on Payment Codes ID technology

Q3 2018

Setup of multicurrency functionality including Ethereum and ERC-20 compatible tokens

Q4 2018

New App architecture - full in Swift Language, SegWit and Bitcoin Cash support
Launch of a full-fledged messenger based on Payment Code ID technology

Q1 2019

Launch of Billion Shift, an integrated crypto-crypto exchange
Android application launch
A trial version of a social network built on Bitcoin Cash
Launch of Billion Pool for Bitcoin Cash, Bitcoin, Litecoin

Q2 2019

Launch of Billion Change, an integrated exchange for buying and selling cryptocurrencies with fiat, which provide direct guaranteed deals
Launch of Billion Things, an integrated platform for commodity trade and aggregation of all stores
Launch of Billion Go, an aggregation service for couriers to transfer goods

Q3 2019

Transfer of all cash flows to a Smart Contract for storage security and to make payments of token dividends autonomously

Q4 2019

Integration of Billion Go to Billion Things, a marketplace, where price depends on delivery time
Lightning support
Launch of the platform, offering different types of investment into cryptocurrency projects

Q1 2020

Audit of own Blockchain

Q2 2020

Distribution of remained tokens using own Blockchain

Q1-Q4 2021-2023

Realization of Roadmap part 2