Blockbits logo
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Blockbits (BBX)

ICO

Blockbits DAPP is an open-source crowd-fund/investing platform.

IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice.

Overview

Project industryTrading & Investing
Product typePlatform
WhitepaperBlockbits White Paper Open

What is Blockbits

Blockbits DAPP is an open-source crowd-fund/investing platform that is fully driven by blockchain code. It 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.

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.

Details

Pre-sales: Feb 04, 2018 - Feb 28, 2018
Public sales: Mar 10, 2018 - May 01, 2018
Token supply: 285000000
Soft cap: 5,000ETH
Hard cap: 23,478,400 USD(fiat)

Bounty

Bounty: 3%

Token info

Ticker: BBX
Type: Utility-token
Token standard: ERC-20
Accepted currencies: ETH
Token distribution:
57% - Sale
40% - Owner
3% - Bounty

Blockbits Roadmap

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.

Project team

Micky Socaci
Micky Socaci
Main Developer
Micky Socaci linkedin
Mihai Iliescu
Mihai Iliescu
Senior Security Engineer
Mihai Iliescu linkedin
Vlad Morar
Vlad Morar
Video / Marketing Specialist
Vlad Morar linkedin
Ionut Toader
Ionut Toader
Frontend Developer
Ionut Toader linkedin
Radu Dumitru
Radu Dumitru
Graphic / UX Designer
Radu Dumitru linkedin
Arthur Birnbaum
Arthur Birnbaum
Animation and Motion Graphics
Arthur Birnbaum linkedin

Advisors

Alexandru Lazar
Alexandru Lazar
Emerging Technologies Enthusiast
Alexandru Lazar linkedin
Sandeep Patel
Sandeep Patel
Managing Partner
Sandeep Patel linkedin
Richard Johnson
Richard Johnson
Digital Consultant ( Security + Technology )
Richard Johnson linkedin
Georgeana Bobos-Kristof
Georgeana Bobos-Kristof
Mathematics Professor / Educational Consultant
Georgeana Bobos-Kristof linkedin
Tiberiu Socaci
Tiberiu Socaci
Business Development Manager
Tiberiu Socaci linkedin

Social media

Blockbits web-siteBlockbitsYouTubeBlockbits TelegramBlockbits LinkedInBlockbits TwitterBlockbits FacebookBlockbits Github

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