Hello dear readers. Today we continue to get acquainted with the Bitdepositary project.
In previous articles devoted to this project, we talked about the overall specifics of the project. Today, I suggest you take a deeper dip. Using the word "deeper", I mean the decision-making processes and the project workflow itself in Bitdepositary. Let's remember what the project is.
Bitdepositary will be an integral community of ICO, which will carry out financing activities for Q-Ratio Market. The project will also include payment solutions, the overall goal of which is to make ICO safer and more transparent for both large investors and ordinary users of the platform. One of the main goals of Bitdepositary is to help in choosing a more correct and simpler solution for investing in ICO projects. BitDepositary will provide potentially promising ICO projects, the opportunity to pre-submit a project to a group of managers. In turn, the company will check and analyze their project with the help of experts. They will receive a detailed review of the feasibility of their project, as well as receive feedback from tax advisers and lawyers. Feedback will be offered from people who are supposed to use the product. As a bonus, they will also have access to an electronic money provider that will allow them to make transactions in the Bitdepositary application.
How will the project verification process take place.
After the project to be tested is launched through the Bitdepositary platform, it will undergo an automated check. Attention will be paid to such factors as: innovative developments and the benefits of the project. One of the first aspects of the audit will be to find out whether the project is a fraud. After checking the first round, it will be marked as an "approved project" - it is a kind of seal of authenticity. If the project does not pass level one verification, it will be marked as "denied access". Upon completion of the audit, the approved project is submitted for review to the legal and tax departments. Specialists of these departments will make their glad another check. All these checks are aimed at finding out whether the project deserves attention from investors and users of the Bitdepositary platform.
Then follows the voting system, the essence of which is as follows: Bitdepositary has a 10% stake in the vote, lawyers have a voting share of 5%. tax advisers have a share of 5%, community users can reach 10 points, and users can reach 100 points, depending on the level of experience. Users can vote "yes" or "no". The user is a fully registered and verified user who owns or has a minimum of 5000 BDT for the last 6-month period. The community user is also fully registered and verified, but does not meet the minimum BDT requirement. The number of points is determined by the investment income of the user, the level of experience and reputation. Most of all in this system I liked the balanced distribution of percent of votes. The platform will not have a decisive vote in deciding on the vote. This will make the voting system transparent and protect us from the monopolies of the market.
An important factor in the choice of the project will be the achievement of the goal of collecting soft kapa. If the project collects the first and or the minimum collection goal, then its chances of being represented by a good investor will be estimated at no less than 50%. Soft cap is one of the most important factors in choosing ICO.
And for today everything, I hope the article was useful and informative to you. Become a husky and subscribe to my channel. References to the project below.
Website: https://bitdepositary.io/
VTT: https://bitcointalk.org/index.php?topic=4629825
Bounty VTT: https://bitcointalk.org/index.php?topic=4680773.0
Whitepaper: https://bitdepositary.io/whitepaper.pdf
Facebook: https://www.facebook.com/bitdepositary/
Twitter: https://twitter.com/Bitedepositary
Telegram: https://t.me/BitdepositaryCommunity
Linkedin: https://www.linkedin.com/company/bitdepository/
Author
Bitcointalk Username: zhulina
My profile BTT: https://bitcointalk.org/index.php?action=profile;u=2220444
My Reddit subreddit: https://www.reddit.com/r/CryptoMangust
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