BmyCoin ICO Pre-sale starts now!
Thanks to all of you, we’ve been able to sell 3745 BMYC during our early bird ICO!
Today we start our official Pre-sale of our BmyCoin!
You may find the BmyBit White Paper and the Bounties announcement here https://bmybit.com/presale/
BmyCoin
Website: https://bmybit.com/
The BmyCoin is a MultiChain token. The token’s purpose is to allow users registered at bmybit.com to pay fees for using the platform’s services, most notably the Personal Automated Trading System (PATS), as well as to hold a portion of the platform.
BmyBit will issue a total of 10 million BmyCoins, which will represent 40% of the platform’s value. Dividends will be payed to the holders on a quarterly basis, with the payouts starting in the end of the first quarter of 2018.
The company will try to sell 1 million Tokens during the Pre-sale, which launches on August 16th, 2017. The Pre-sale of BmyCoin will start at the initial price of $2.85, followed by an increase to $3.5 at the end of it.
An official ICO will follow BmyCoin Pre-sale, before the end of 2017. An amount of 3 million BmyCoins are allocated for the ICO, with the aim of selling the Token at the price of $5 at its final stage. BmyBit’s goal is to raise $17 million by the end of the ICO. There will be 1.5 million BmyCoins distributed for the marketing bounties to the crowd.
The total amount of BmyCoin issued will be 10 million. 1.5 million BmyCoins will be distributed for the marketing bounties to the crowd, and an additional 2 million will be allocated amongst the BmyBit team members.
BmyBit will keep 2.5 million Tokens in reserve, while the crowdsale, which inlcudes the Pre-sale and the ICO, will constitute for 4 million BmyCoins. Additionally, 2 million BmyCoins will be burnt on the “first-in, first-burnt” basis, starting immediately. The total of other 3 million BmyCoin will start being burnt as soon as the reserve of 2.5 million BmyCoins will start to be released in the market.
Why we use MultiChain Technology
Bitcoin compatible
A key design principle of MultiChain is maximal compatibility with Bitcoin Core, the reference client for the bitcoin network. This includes bitcoin’s network protocol, transaction format, block format and output scripts, as well as Bitcoin Core’s runtime parameters and JSON-RPC API. Almost all of the information in the Bitcoin Developer Documentation is applicable to MultiChain.
Managed permissions
We can dynamically control who can connect, send and receive transactions, create assets, streams and blocks. Each blockchain is as open or as closed as you need.
Data streams
We can create multiple key-value, time series or identity databases on a blockchain. Ideal for data sharing, timestamping and encrypted archiving.
As we are keen of transparency, we are happy to release the preview of the parameters that the BmyBit blockchain will implement:
PATS
The BmyBit's Personal Automated Trading System - PATS - is a cloud-based web application with predictive analytics, interconnected to digital exchanges through APIs.
The software is governed by a control panel, which embeds trading functionalities to enhance usability and performance; data analysis; downloadable statements (soon avaliable).
From the PATS control panel, users can start automated strategies for trading pairs of currencies and compare the best prices between different markets in order to produce profits by arbitrages.
Before the end of September 2017, BmyBit will release its rest APIs. Many new businesses connected with BmyBit’s APIs will hold client funds, therefore, the company has developed an AML (Anti Money Laundering) and KYC (Know Your Clients) software that uses OCR (Optical Character Reader) technology. The compliance screening will be connected to the BmyBit blockchain (January 2018) and all information will be embedded into dedicated streams.
Until the end of the BmyCoin’s pre-sale, all the registered users will receive a referral code: If you will invite a friend to BmyBit.com, both of you will receive 10 strategies for free!
TO GET YOUR FREE STRATEGIES USE THIS LINK: https://bmybit.com/?r=123670
Rules of the Pre-sale
Pre-sale will be an opportunity for the users to buy BmyCoin at a lower price. There will be only 1,000,000 BmyCoins available during the Pre-sale stage.
To participate in the Early Bird you will need to follow those simple rules:
1) First, you will need register on bmybit.com (if you are already registered, just login)
2) The next step will be to go WALLET page, decide the amount of BMYC to buy and click on the relevant button for buy.
!!THE PRE-SALE INVOLVES 1,000,000 BmyCoins ONLY!!
You will always be able to check the amount of BmyCoins left for the Pre-sale by accessing the following spreadsheet:
The spreadsheet will be updated every 6 hours.
We will close the spreadsheet when all BmyCoins allocated for the Pre-sale will be sold.
BmyBit Bounty Program
You can earn BmyCoins by participating in any of our following bounty campaigns leading up to and during the Pre-sale!
The complete bounty pool is 250 000 BmyCoins (equating to 2.5% of the BMYC available at Pre-sale or US$875,000) to be split between this program and technical reviews.
There are 6 bounty campaign categories you may wish to apply for. Each category will have a maximum allocated bounty pool:
- Join bmybit.com + use PATS
- Slack Subscription + Join bmybit.com and use PATS
- Social Channel Activity Campaigns
- Signature/Avatar Campaign
- Community Manager Campaign (Pre-application is required)
- Translations Campaign (Pre-application is required)
For each bounty application, you will need to submit a separate bounty application via an online form. The form is very simple and quick to complete and will assist us in determining the fairest way to distribute the bounties - Links to the application forms are available via the individual bounty campaign descriptions below.
The process we distribute the bounty differs slightly for each campaign, but nonetheless, it’s quite straightforward. Any remaining funds in the bounty after paying out all the bounties may be awarded to applicants who missed out (i.e. due to individual campaign bounty pool cap).
Please do not forget to apply once you have completed the requirement for the bounty!
By applying to one of the bounty campaign categories, you agree to the terms and conditions of the BmyCoin Bounty Program as set forth herein.
Requirements for each bounty category are listed below:
Join bmybit.com and use PATS (Bounty Pool = 15 000 BMYC or approx US$52,500)
Register with bmybit.com and start at least 1 trading strategy on PATS to receive 2BMYC (US$7)
Subscribing does not mean you will need to donate any funds, however, it will set up your personal account on the system where you can track BmyCoin's ICO progress and also act as a wallet during the ICO.
[Conditions]
Register on https://bmybit.com/, provide your APIs from exchanges on the Home page and we will reward you!
Slack Subscription + Join bmybit.com and use PATS (Bounty Pool = 15 000 BMYC or approx US$52,500)
Join our Slack channel + Join bmybit.com and use PATS to receive a maximum of 2 BMYC (approx US$7).
(If you have already previously signed up either or both our Newsletter and/or Slack community, please do not forget to apply for this bounty!)
[Conditions]
- Register on https://bmybit.com/, provide your APIs from exchanges on the Home page;
- The Slack account must be online for more than 60 hours by the time the Pre-sale ends;
- Any abuse will be banned and reported immediately.
[Application]
- Send an email to admin@bmybit.com. The subject of the email: Bounty Slack. You will include your email, BmyBit username, and Slack username.
[Bounty Distribution]
- Applications which meet the above conditions will be awarded on a first-in-first-served basis, in accordance to the application submission.
- Slack subscribers are eligible for 2BMYC (approx US$7)
Social Channel Activity Campaigns (Bounty Pool = 70 000 BMYC, i.e. approx US$175,000)
Spread the words through your own channels!
The various methods applicable to this Bounty program are below:
Twitter Activities
Available only for Twitter accounts with 500+ followers.
Follow the BmyBit Twitter account and tweet/retweet on BmyCoin to receive 0.29 BMYC (approx US$1) - one-time application only.
[Conditions]
- Please note this is only available for Twitter account holders with 500+ followers;
- The applicant must be following the BmyBit account for the duration of the Pre-sale;
- The tweet/retweet must be appropriate and not devalue Bmycoin.
[Application]
- Provide Twitter ID via email at admin@bmybit.com. The subject: twitter. You will include the link to each tweet/retweet.
[Bounty Distribution]
- Applications which meet the above conditions will be awarded on a first-in-first-served basis, in accordance to the application submission.
Facebook Activities
Bounties are awarded for Facebook activities. There are 2 elements as below:
Like the BmyBit Facebook page to receive 0.29 BMYC (approx US$1) - one-time application only
[Condition]
- Applicant must remain liking the BmyBit Facebook page for the duration of the ICO.
Share/Like/Comment BmyBit activity on facebook to receive 0.29 BMYC* (approx US$1) (capped at 10 BMYC per week and 100 BMYC per applicant/person).
[Condition]
- Applicants must have be liking the BmyBit Facebook page;
- Any commentary must be appropriate and not devalue BmyCoin (if applicable);
- Only one comment per BmyBit Facebook activity will be awarded
[Application]
- Provide Facebook account name and link to each post (like/share/activity) including date and time via email at admin@bmybit.com. The subject: Facebook.
[Bounty Distribution]
- Applications which meet the above conditions will be awarded on a first-in-first-served basis, in accordance to the application submission.
Blog Posts:
Create a Blog Post to receive 10 BMYC per eligible blog post (approx. US$35)
[Conditions]
The blog must:
- have 300 words minimum;
- include links to the BmyBit Slack and website bmybit.com:
- be publicly accessible;
- have a minimum 200 views;
- not manipulate the view counts;
- be written in the same blog with over 5 previous appropriate posts (i.e. Cryptocurrency related);
- promote BmyBit or the BmyCoin Pre-sale;
- Quora blogs are excluded from this particular campaign.
[Application]
- Submit application via email including link to the blog post. admin@bmybit.com, subject: Blog.
[Bounty Distribution]
- Applications which meet the above conditions will be awarded by a first-in-first-served basis, in accordance to the application submission
BitcoinTalk Signature & Avatar Campaign (Bounty Pool = 70 000 BMYC, i.e. approx US$245,000)
Use a BmyCoin signature and avatar (according to your profile level) below to receive BmyCoin!
[Conditions]
The candidate:
- must create the signature according to the user seniority level on BItcointalk;
- must create 50 different posts with the avatar and signature;
- must post relevant content and ensure suitability for the forum;
- must ensure posts do not devalue BmyCoin and our ICO;
- must not change the Avatar or Signature during the ICO;
- must not use multiple accounts or spam (anyone abusing the system will be reported to the appropriate mediators, permanently disqualified from the campaign, and banned from all other bounties)
[Application]
- Send an email at admin@bmybit.com with a link for us to view the avatar and signature on the forum. Subject of the email: Signature
[Bounty Distribution]
- Bounties will be provided on a weekly basis to successful applicants as below (upon conditions met):
Legendary/Hero: 50 (approx US$175)
Sr./Full: 35 (approx US$122.5)
Member: 20 (approx US$70)
Jr. Member: 5 (approx US$17.5)
Avatars and Signatures must be adequate and not against BmyBit, PATS, and BmyCoin. They should contain if allowed by the seniority level of the user, the BmyBit logo, or the BmyCoin logo.
Community Manager Campaign (1–2 Managers for Each Country. Bounty Pool = 60,000BMYC or US$210,000)
The Community Manager Campaign has two elements where you may be rewarded:
1. Create and manage a country specific community room of 50+ members
Create a community (e.g. WeChat and QQ for China, VK.com, Ok.ru for Russia, LINE for Japan or a just simple Slack channel) with a total of 50 members to receive 200 BMYC (US$700).
Community members will be registered on our website for as long as you wish, or until we deem appropriate (note this may extend beyond the ICO period).
[Condition]
- Understand the basics of BmyBit, PATS, and BmyCoin (what it is and how it works);
- Organize a country specific community (e.g. chat room, Slack, etc);
- Manage the channel appropriately until the conclusion of the Pre-Sale (i.e. answer all questions appropriately, ensure BmyCoin is promoted, etc).
2. Increase community size
The community manager will be rewarded 50 BMYC (US$175) if the community reaches 100+ members.
[Condition]
- Creating and managing a country specific community is a prerequisite.
[Application for the complete Community Manager Campaign]
- Pre-application is required in order for the BmyBit team to vet appropriate Community Managers. It lies in BmyBit’s discretion to accept the pre-application and we thank you for your understanding that not all pre-application may be accepted. The relevant form is available at the below link: https://goo.gl/forms/iYJgZ9QJ79ivER6I3
Translation Campaign (Bounty Pool = 20,000 BMYC or approx US$70,000)
Bounties are available for the translation of the following BmyCoin content:
(Note additional bounties may be rewarded for translation updates if applicable!)
- BmyCoin Bounty Program for 28.57 BMYC (approx US$100)
- BmyCoin BitcoinTalk Page for 100 BMYC (approx US$350) (approx US$100) (https://bitcointalk.org/index.php?topic=2076008.0;all)
[Condition]
- To be eligible, you must use proper language, i.e. the use of only google translation will not be considered fulfillment of this bounty.
[Application]
- Pre-application is required in order for the BmyBit’s team to vet appropriate candidates for the translation bounty. It lies in BmyBit’s discretion to accept the pre-application and we thank you for your understanding that not all pre-application may be accepted. The relevant form is available at the below link:
https://goo.gl/forms/iYJgZ9QJ79ivER6I3
Bounty Tracker Google Sheet
You can track the progress of your bounties in our public Google Sheets. Updates to the sheet will be made on a weekly basis.
Public google sheet: https://docs.google.com/spreadsheets/d/1yKO6-1jeLXvqzu05wSiBnF_QUUY7EJR17_98NHJy1zg/edit?usp=sharing
Final Remarks
It lies in BmyBit’s sole discretion to decide whether or not the criteria to qualify for a bounty allocation are fulfilled (e.g. whether or not a tweet/retweet is appropriate and does not devalue Bmycoin).
Awarding of bounties may be withheld at the discretion of the BmyBit team — the circumstance would usually be due to conditions not being met. Additional bounties may be awarded, at the discretion of BmyBit, in the event that there are leftover BmyCoins in the complete bounty allocation pool.
Any disputes arising out of or in connection with the BmyCoin Bounty Program shall be exclusively decided by the ordinary courts of the city of London, England and in accordance to United Kingdom law.
* USD conversion is based on the projected conversion rate of 1 BMYC to 3.5 USD at the end of the 4th Pre-sale period
You may also find BmyBit on:
SLACK
https://join.slack.com/t/team-bmybit/signup
YOU TUBE
https://www.youtube.com/channel/UCB5EJuBSY5wm7jrG41-eK1g
SOCIAL MEDIA
Facebook - https://www.facebook.com/bmybit/
Twitter - https://twitter.com/BmyBitLtd
Slack - https://goo.gl/HoMwQD
Medium - https://medium.com/@mariostumpo
Linkedin - https://www.linkedin.com/search/results/people/?facetCurrentCompany=%5B%2210866687%22%5D