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BitValve

ICO
BitValve bounty

BitValve is a P2P Exchange platform. Buy and Sell crypto from anywhere in the world, instantly and anonymously.

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Overview

Project industryExchanges & Wallets
Product typePlatform
FoundedCyprus
WhitepaperBitValve White Paper Open

What is BitValve

In BitValve, we will create a P2P Exchange platform, with key advantages that will change the way people trade Peer to Peer, by combining all the advantages of the current exchanges and addressing the disadvantages that keep the market from reaching its full potential. The Platform will target not only professional traders, but also normal users who just want to exchange their coins for fiat or for other cryptos in a quick, cheap and efficient way.

Our idea is that every person in the world would be able to access, buy and sell, their favourite cryptocurrency by using any payment method available, whether it is fiat or cryptocurrency, and trading directly with other users. The Platform will ensure the security of the transaction by acting as a trusted escrow service. Furthermore, the Platform will have a positive effect on the countries that are currently facing a financial crisis, such as Venezuela, by giving their people the option for alternative, decentralized and instant trading.

Vision

Our vision is to make the Platform among the largest P2P cryptocurrency exchange platforms in the world. To achieve this, the Company will be guided by three major goals, namely, (i) making the global exchange of cryptocurrencies affordable, accessible, fast, easy and secure; (ii) increasing the trust in exchanging cryptocurrencies through P2P technologies; and (iii) providing traders of cryptocurrencies with a “one-stop shop” solution allowing them to trade with cryptocurrencies in the most efficient way.

Problem the Platform aims to solve

Cryptocurrencies are usually exchanged through centralized or decentralized cryptocurrency exchanges. In centralized cryptocurrency exchanges, a third party assists the users of the exchanges with conducting their transactions. In decentralized cryptocurrency exchanges (also known as P2P exchanges), there are no such third parties.

Decentralized exchanges are usually more secure than centralized exchanges because trades occur directly between users. Nevertheless, the existing decentralized cryptocurrency exchanges have significant drawbacks, such as relatively high fees, support a limited number cryptocurrencies, do not enable crypto-to-crypto trading, have basic UX design and UI design, lack support for iPhone and Android apps, have weak information security, offer expensive or non-existent dispute resolution support, are based on slow and rigid processes, cover limited payment methods, and have limited availability.

The slow and rigid processes are often a result of forcing users to undergo complex KYC procedures. The weak information security is caused by various factors, including, but not limited to, the lack of 3FA authentication and the use of outdated security procedures. The reason for the relatively high fees is likely to be the oligopoly in the field of decentralized cryptocurrency exchanges. The expensive and/or non-existent dispute resolution support provided by many decentralized cryptocurrency exchanges can be explained with exchanges’ lack of sufficient knowledge and expertise in the field of online dispute resolution. The limited availability is a logical outcome of the lack of mechanisms (such as the use of onion networks) preventing third parties from blocking the access to decentralized cryptocurrency exchanges. The lack of support of a large number of cryptocurrencies, iPhone and Android apps, and crypto-tocrypto trading can be explained with the complexity associated with the implementation of such features, whereas the reason for the basic UX design and UI design is likely to be a result of the underestimation of the importance of sophisticated UX/UI designs.

Details

Pre-sales: Jan 02, 2019 - Mar 15, 2019
Public sales: Apr 15, 2019 - Aug 20, 2021
Token supply: 23,148,214 BTV
Total tokens for sale: 16,203,750 BTV
Soft cap: 2,470,000 USD
Hard cap: 2,800,000 USD

Legal

Blockchain Platform: Ethereum
Registration country: Cyprus
Office address: 9 Vassili Michaelides, 3026, Limassol, Cyprus

Token info

Ticker: BTV
Type: Cryptocurrency
Token standard: ERC20
Token price in USD: 1 BTV = 0.2 USD
Accepted currencies: BTC, ETH, LTC, BCH
Token distribution:
70% - Investors
15% - BitValve Ltd
12% - Risk Mitigation
1% - Advisors
2% - Bounty
Funds allocation:
45% - Marketing
40% - Development
15% - Legal

BitValve Roadmap

1
September 2018

Idea development and market analysis.

2
October 2018

Start of Whitepaper drafting.

3
November 2018

Launch of Website and ANN Thread.

4
January 2019

Launch of the Pre-ICO.

5
Mid Jan 2019

Development of MVP.

6
March 2019

Launch of the ICO.

7
April 2019

Development of Smart contract and distribution of the BTV Tokens.

8
May 2019

Official Launch of BitValve Platform.

9
August 2019

Development and Release of iOS and Android Apps.

Project team

Georgios Papadopoulos
Georgios Papadopoulos
CEO
Julien Gionis
Julien Gionis
Brand Designer
Julien Gionis linkedin
John Markostamos
John Markostamos
Frontend Engineer
John Markostamos linkedin
Ben Kaufman
Ben Kaufman
Blockchain Developer
Ben Kaufman linkedin
Daniel Dimov
Daniel Dimov
Legal Advisor
Daniel Dimov linkedin
Anthony Manfre
Anthony Manfre
Corporate Analyst & ICO Expert
Anthony Manfre linkedin

Advisors

Mehdi Jelloul
Mehdi Jelloul
ICO Strategist
Mehdi Jelloul linkedin

Social media

BitValve web-siteBitValve RedditBitValve TelegramBitValve InstagramBitValve LinkedInBitValve TwitterBitValve Facebook

MVP

MVP URLGoogle Play

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