Bitrust — Review of ICO

BITRUST is the first decentralized platform working with the use of the blockchain mechanism as well as smart contracts, simplicity, and P2P for insurance in the field of cryptocurrency.

Although the cryptocurrency is really our future and now it has all the prospects for rapid growth, but given the past years and the situations that were, everyone understands the risks associated with volatility. Given that we can not foresee the various circumstances that somehow affect the price of the cryptocurrency, the idea of creating a deposit insurance platform for the BITRUST cryptocurrency has appeared.

About the Platform:

A participant in the platform can be any trader with an average monthly trading volume from 100 to 100 000 US dollars. Every year, many new altcoins come out, to predict whose behavior is very difficult. The BITRUST platform will solve this problem and help beginners and fans of this sphere to reduce their risks with contributions to altcoins.

Three reasons why you can understand that the market is ready for the emergence of such a safety platform, like BITRUST:

  1. The need for a secure and easy-to-use safety platform for crypto-currency investors.
  2. The need for an affordable solution for the regulation of the crypto-currency market.
  3. Solutions to the real problem of volatility of altcoins.

Main features of the platform:

  • Convenient platform usability with a simple and intuitive user interface;
  • Full Anonymity, because the platform does not request absolutely no personal data of users;
  • A high level of security thanks to smart contracts and the mechanism of blockchain;
  • Decentralization, due to which there will be no fraud and interference in the platform from the outside.

Tokens Companies and their Sale:

The pre-sale of the tokens was in March. Access to purchases was 20 million tokens in the equivalent of 1000 esters. Each token buyer received 100 percent of the bonus. The main sales phase lasts until May 31. Soft cap is 6 thousand ethers, the hard cap is equal to 12 thousand Ethers. A total of 250 million tokens are generated. For purchases during the ICO will be available 150 million tokens.

On the platform there will be the following bonuses: before the collection of 1 thousand ethers – 30%, up to 3 thousand airs – 20% of the bonus, up to the collection of 6 thousand Ether – 10% of the bonus.

Distribution:

To account for the distribution of tokens, we can say the following: 60% of tokens are allocated to ICO, 15% of tokens are allocated to the project team and will be frozen for 2 years, 15% is spent for embezzlement during the ICO, advisers and bounty campaign and 10% platform and will be frozen for 2 years.
On account of the distribution of collected funds, we can say the following: 60% is allocated for the development of the platform, 20% is allocated for sales and marketing of the platform, 10% for operating expenses and 10% for legal expenses.

Roadmap:

At the expense of the project development plan, the following can be said: at the end of May 2018 platform tokens will be placed on such exchanges as KuCoin, HitBTC, and Binance. Until the end of July 2018, the project team will continue to recruit new employees. Until the end of September – the creation of a product with a minimum set of functions, until November 30 – beta version of the platform BITRUST. Until December 30, there will be an expansion of the company’s support service, the creation of a marketing and business development department. On January 31, 2019, the main version of the platform will be launched and the platform will be further developed and more and more new partners will be attracted.

In conclusion, I want to say that the insurance of cryptocurrency is a truly interesting topic, which clearly deserves attention. Given the plans for the development of the platform, you can confidently predict the growth of the price of its tokens. For more detailed familiarization with the platform, I advise you to read the information document. Good luck!

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