Overview:
Initial Coin Offering (ICO) has become a popular fund-raising method for blockchain projects. However, the contributors of ICOs face many problems as they easily fall prey to scams. Bitdepository will be the most secure and fund-raising reliable Q-ratio ICO founding community which will help users to invest in potential projects. The platform will also integrate blockchain payment system which will ease the investment process for contributors and will also make it much faster. Bitdepository will consist project managers, tax consultants, lawyers and other specialists which will check the new blockchain projects by carrying out number of tests. Thus, only those projects will be displayed on the platform who pass the verification process.
These checks and tests will eliminate the vulnerabilities and scams from the platform.
Business Model:
Bitdepository business model will protect the users and the investors against the following:
• Token Theft: Each and every token sale will go through a unique system implemented by the platform and the token buyers will get their pay-outs through the wallet on the platform. This gives transparency to the investors.
• Scams: The platform is eliminating the possibility of a scam to take place. The new projects will go through the professionals, tax consultants and lawyers which ensures that only genuine ICO projects will listed on the platform. This helps the user who do not have enough experience in blockchain field to determine where to invest.
• Wrong Investment Decisions: This platform is also allowing low experience users by following high experienced users and know their investment decisions. This will help the new users to take right investment decisions.
How it Works:
When an ICO project is submitted, the Bitdepository and its specialists checks the project and validates it. After this, the ICO project is then handed to tax consultants and lawyers to further verify it. If the project is rejected, the reason will be clearly mentioned so that other users can view it. After successful verification the ICO is published. The community users and other users vote for this ICO. If the votes are above 55% then the ICO will be initiated within 8 weeks. But if the votes are below 55%, the project is discontinued.
The Voting System:
The community users and other users who vote for the ICO, the votes given by them will be calculated in terms of points. The point allotted to a vote of a user will depend upon user's investment returns, experience, and reputation. It is necessary that the ICO projects should give the tokens to the users who participate in voting. When the project is listed on the platform these users directly become the customers of the project.
The BDT Token:
BDT tokens will be used on this ecosystem and users who need to pre-invest in any company have to pay in terms of BDT tokens. Bitdepository will also launch its own exchange. The new projects can list their tokens on this exchange.
Team:
Tobias Graf - Founder & CEO
Tobias brings over six years of CEO experience successfully leading a number of companies within the financial services sector. He has steered and developed many of his own companies with renowned success and is also highly-adept at project planning on salesforce. As the leader of the business, his skills crossover technology, marketing, and lean operational effectiveness.
Carina Graf - CFO
Carina carries more than ten years of experience in the financial services sector and has worked with the group's companies for more than six years. In addition to the abundance of knowledge, she brings to the group operations through her background in sales management, economics, and tax.
Mrinal Sharma - CTO/Blockchain Architect
Mrinal is a highly acclaimed Blockchain Architect with an extensive and highly diverse skillset. He is experienced in ERC20, ERC223, ERC721, Ethereum, Parity, Solidity, Scrypt, X11, Quark, Smart Contracts, Decentralized Database, ICO's, and Cryptocurrency. He has successfully completed end-to-end projects taking cryptocurrencies from design and construction, through to successful deployment.
Token Matrix:
Token – BDT
Total Supply – 1 Billion BDT
Price – $0.05 USD
Soft Cap – $1M USD
Hard Cap – $50M USD
Private Sale – 1st to 15th August 2018
Pre-Sale – 15th to 29th August 2018
Crowd Sale – 5th September to 14th November 2018
Verdict:
Pros:
• The team behind this project has experience in field like technology, marketing, sales management, operations. Blockchain, ICO, web development, IT etc.
• There are 8 advisors for this project who have different backgrounds like marketing, promotion, social media, security, blockchain etc.
• The whitepaper of this project is well explained, and the road map also contain detail information about the events.
• The MVP of this project is currently available.
Cons:
• The social media hype of this project is low. It has around 2000 followers on Twitter and around 2300 members on Telegram.
• Bitdepository has partnered with Salesforce. The project should acquire more partnerships to support its platform
Website: https://bitdepositary.io/
Whitepaper: https://bitdepositary.io/whitepaper.pdf
Telegram: https://t.me/BitdepositaryCommunity
Twitter: https://twitter.com/Bitdepositary
ANN Thread: https://bitcointalk.org/index.php?topic=4629825.msg41837180#msg41837180
Bitcointalk Username: rshetty3344
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1907004
ETH address: 0x137F3CC2750C9b9bF639Cd4Bf8CB63c56823aC3c