I welcome you all once again to this Wonderful CRYPTOCURRENCY NETWORK BLOG, as usual ! all of you know’s, I always carry you along with any information about good crypto related projects through my blog.
INTRODUCTION:
An initial coin offering (ICO) or initial currency offering is a type of crowdfunding using cryptocurrencies. In an ICO, a quantity of cryptocurrency is sold in the form of “tokens” (“coins”) to speculators or investors, in exchange for legal tender or other cryptocurrencies such as bitcoin or ethereum. The tokens sold are promoted as future functional units of currency if or when the ICO’s funding goal is met and the project launches.
An ICO can be a source of capital for startup companies. ICOs allow startups to avoid regulatory compliance and intermediaries such as venture capitalists, banks and stock exchanges. ICOs may fall outside existing regulations, depending on the nature of the project, or be banned altogether in some jurisdictions, such as China and South Korea.
ICOs have been prone to scams and securities law violations. Fewer than half of all ICOs survive four months after the offering, while almost half of ICOs sold in 2017 failed by February 2018. Despite their record of failure and the falling prices of cryptocurrencies, a record $7 billion was raised via ICO from January-June 2081
The first token sale (also known as an ICO) was held by Mastercoin in July 2013. Ethereum raised money with a token sale in 2014, raising 3,700 BTC in its first 12 hours, equal to approximately $2.3 million at the time. An ICO was held by Karmacoin in April 2014 for its Karmashares project.
ICOs and token sales became popular in 2017. There were at least 18 websites tracking ICOs before mid-year. In May, the ICO for a new web browser called Brave generated about $35 million in under 30 seconds. Messaging app developer Kik’s September 2017 ICO raised nearly $100 million. At the start of October 2017, ICO coin sales worth $2.3 billion had been conducted during the year, more than ten times as much as in all of 2016. As of November 2017, there were around 50 offerings a month, with the highest-grossing ICO as of January 2018, being Filecoin raising $257 million (and $200 million of that within the first hour of their token sale).
Kik had previously issued $50 million in tokens called “Kin” to institutional investors, and sought to raise an additional $125 million from the public. In connection with this ICO, an unidentified third party executed a phishing scam by circulating a fake URL for the offering through social media.
By the end of 2017, ICOs had raised almost 40 times as much capital as they had raised in 2016, although still amounting to less than two percent of the capital raised by IPOs. According to industry newsletter Cointelegraph, companies raised around $6 billion via ICOs in 2017; 37% of that amount was made by only 20 ICOs. Already by February, 2018, an estimated 46% of the 2017 ICOs had failed.
ICOs are sometimes called “token sales”. Amy Wan, a crowdfunding and syndication lawyer, described the coin in an ICO as “a symbol of ownership interest in an enterprise — a digital stock certificate” stating that they are likely subject to regulation as securities in the U.S. under the Howey test.
Ethereum is (as of February 2018) the leading blockchain platform for ICOs with more than 80% market share. Tokens are generally based on the Ethereum ERC-20 standard. According to Cointelegraph the Ethereum network ICOs have resulted in considerable phishing, Ponzi schemes, and other scams, accounting for about 10% of ICOs.
On January 30, 2018, Facebook banned advertisements for ICOs as well as for cryptocurrencies and binary options. By April 9, 2018, ICO advertising has been banned not only by Facebook, but by Twitter, Google, and MailChimp.
In reference with the motion of this article, Today! I will be presenting you a particular undisputed project called:BITHEMOTH
What is BITHEMOTH?
Bithemoth is an accomplished comprehensive digital mazuma trade stage intended to upgrade/reexamine the market.
The platform usability combines a number of new features that are dedicated to enhancing the experience of our exchange users. It's not only technology features behind the revolutionary exchanges, It will also be optimized for reviews being user friendly. This will support new individuals entering the Crypto Market, while providing many features to accommodate the needs of cryptocurrency investors who turn pale experienced.
The Problem
In the world of cryptography, there are various problems that serve only to convince potential investors to become part of the revolutionary blockade.
One of the problems with trading platforms is poor customer service. In most cases, you will be able to access the chat. These chatbots are usually poorly designed. Therefore, most customers eventually give up. In addition, most platforms never select calls. When they do, they offer a dull advice, which eventually becomes even more unpleasant. To solve this problem, Bithemoth will hire highly qualified experts who will also be well prepared. This will help provide customers with the best quality of service they deserve.
Another issue is international support. There are exchanges in which people from all over the world can not trade because of the language barrier and other problems. Bithemoth will offer multilingual support and will provide access to them from anywhere in the world.
WHY YOU SHOULD INVEST?
1. We are the all-in-one Blockchain Asset Solution.
2. Determination is what we strive for.
3. Useful both as a short term and long term investment.
Bithemoth exchange was created using 3 Main Main pillars; Accessibility , Usability and Profitability
Created by a mixture of beginner entrepreneurs and experienced investors, Bithemoth combines the experience of his team to review crypto exchanges that include ALL that will filter how the cryptocurrency currency is traded. Our platform will combine several new features to differentiate itself from previous exchanges, and establish itself in the crypto market. Leveraging on the diversity of our team, we create a strong and strong exchange that will not only meet the needs of investors under traditional control, but also will simplify the process, even allowing individual non-technology to start trading.
Platform Speed
Another problem that we will discuss is the current exchange rate. Some investors have complained about the speed of snails that are exchanged for currency, which results in heavy losses.
We are a future examination of our exchanges to ensure scalability and speed. We will achieve this by establishing a strong foundation for the platform to grow. This will ensure that the exchange will be able to maintain efficiency if there is a surge in user registration. In addition, we will also assign a support team that will be charged responsibility for resolving user questions and complaints in the shortest possible time.
Customer service
The biggest challenge faced by investors in the crypto market is the problem of customer service and support. The challenges range from unresponsive support teams to rude staff members. From our visibility study, we found that there was never an exchange with a world class support team.
At Bithemoth, we place value on the investor trading experience, which is why we maintain a pleasant trading environment. We realize that having a world class support team cannot be over emphasized.
To face this challenge, we will employ top-class customer service experts to work in our customer service units. These experts will be adequately trained and certified to handle customer questions and complaints. We will create a task point to train and maintain our customer service team, and the costs will be borne by Bithemoth. This training will harmonize the superior standards of our exchange with the interpersonal skills of our staff members. That’s not all, we will only choose the best candidates for jobs to reduce the waiting time that users will get a response from us. After the user reports a problem, our customer service will respond to the complaint as soon as possible humanely. Trading experience is the priority of the Bithemoth team and we are motivated to gather the best support team.
The Ecosystem
In a bid to operate as a link between traditional finance and the digital asset economy, the Bithemoth platform has come up with a simple and conventionally adoptive system. Three major aspects of the digital economy will be simplified by Bithemoth's diverse ecosystem thus presenting (i) an exchange, (ii) a trading platform, and (iii) a complete ICO incubator.
A wide range of services will be made available as Bithemoth works alongside its partners. New traders can invest in cryptocurrencies with a few clicks on the exchange using our adjustable and user-friendly environment, while professional investors can conveniently use our trading platform that has been designed with a vigorous toolset. Bithemoth’s ecosystem envisions its ability to provide companies with an ICO incubator that is ready to use that supports project development thus enhancing growth and collaboration.
Bithemoth hopes to offer payment processes for both cryptocurrencies and fiat that are fast and secure by establishing stable banking relationships. Bithemoth also plans on implementing andadding to the already existing features, a unique system of rewards for Bithemoth coin (BHM) purchasers, and carefully designed custom trading solutions to meet the needs of the digital asset economy.
Ecosystem Growth
At Bithemoth, we believe that client enthusiasm, participation and user retention can be increased by engaging them on the platform through added opportunities to earn. This will allow for more liquidity within the engine thereby keeping spread low and generating higher overall volumes. We plan on rewarding users for participation in BHM and as the platform develops, the scope of reward activities will change and grow. Upon the release of the Bithemoth platform, users will be rewarded for simply signing up on the platform and creating a wallet, referring friends to the platform, using the exchange for the first time, and completing user feedback forms which will help the team to continuously improve on the platform.
Bithemoth Coin (BHM)
Bithemoth Coin (BHM) will be the token coin that we will issue. There will be a maximum amount of 200 000 000(two hundred million) coins that will be created. We do not intend to increase it further.
BHM is modelled and will run using the Ethereum blockchain with ERC 20. This will ensure the safety and security of the token in the long term.
Dates: TBA
Whitelist/KYC: Whitelist
Country: South Africa
Token info
Ticker: BHM
Platform: Ethereum
Token Type: ERC20
Available for sale: 120,000,000 BHM (60%)
Investment Info
Pre-sale Price : 1 BHM = 0.22 EUR
ICO Price: 1 BHM = 0.22 EUR
Accepting: ETH
Token Allocation
Bonus Structure for Pre-Token Sale and Token Sale Participants
Pre-sale token participants will receive tiered discounts on the price of BHM depending on entry time. The discount will reduce as more tokens are sold. The practice with other exchanges is that they offer larger discounts to private investors even before the ICO pre-sale and main sale goes live. Bithemoth is applying a paradigm shift in this regard by offering the discount to everybody on its platform rather than to some select private investors.
We strive to create a token buyback reserve that would be funded with 20% of the net revenues accruable to us with a view to adding liquidity to bolster the market.
It is our intention that investors will have the opportunity to receive invitations and enjoy exclusive opportunity during our future token sales.
RoadMap
Project Vision - September 2017
Creation Team - October 2017
Development begins - December 2017
Pre-sale - Q3 2018
ICO - Q3 2018
Beta launch - Q3 2018
Full release of effects - Q4 2018
Global Marketing Campaign - Q3 2018
Launch of Cellular Application - Q4 2018
Patent and Product License - Q4 2018
Market Implementation - Estimated Q1 2019
Hardware Wallet Integration - Estimated Q4 2019
Brick and mortar shop - Estimated Q4 2019
THE TEAM
ADAM-BAREK: CEO and Co-Founder
LUQMAAN-MOOLLA: COO and Co-Founder
DR. MOHAMED CISCO: CFO and Co-Founder
SIDDIQ-MOOLLA: CIO and Co-Founder
DR.-KEVIN-LAI: Director of Business Administration
BRIAN-JUNG: Community Director
MICHOLAS SAMOONDAR: Director of Marketing Partnerships
HEMANT-SUD: Marketing Specialist
RUIHE-RIN: Software Research
DANIELA GAVIRIA: Investor Relations
AZHAR: Legal
THE DEVELOPMENT TEAM
ERIC-ALLEN: Head Coordinator
MUHAMMED-NAGY: Lead Software Engineer
LINKON ISLAM: Lead Front End Developer
ALY-KAFOURY: Software Engineer
MOHAMED-ZAIN: Senior Software Engineer
JOSHUA-WAISWA: Software Engineer
MURAMOTO-HANAKO: Senior Front End Developer
MING-LI: Senior Software Engineer
ZHANG-YUE: Senior Software Engineer
For more information, please visit:
Website: https://bithemoth.com/
Whitepaper: http://cipldev.com/bithemoth/new/img/pdf/Bithemoth-Whitepaper-Revision-2.1.1.pdf
ANN: https://bitcointalk.org/index .php? topic = 3311741.0
Facebook: https://www.facebook.com/bithemoth/
Twitter: https://twitter.com/bithemoth?lang=id
Telegram: https://t.me/joinchat/H9BMmlFz_8LWfLq2CgLniA
YouTube: https://www.youtube.com/channel/UCndzKrOwSjnWVQQCnthWoNA
Reddit: https://www.reddit.com/r/Bithemoth/
Bitcointalk username:Samuel321
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1925101
DISCLAIMER:This post was brought to you by Opeyemi being my personal project on Bithemoth campaign project
INTRODUCTION:
An initial coin offering (ICO) or initial currency offering is a type of crowdfunding using cryptocurrencies. In an ICO, a quantity of cryptocurrency is sold in the form of “tokens” (“coins”) to speculators or investors, in exchange for legal tender or other cryptocurrencies such as bitcoin or ethereum. The tokens sold are promoted as future functional units of currency if or when the ICO’s funding goal is met and the project launches.
An ICO can be a source of capital for startup companies. ICOs allow startups to avoid regulatory compliance and intermediaries such as venture capitalists, banks and stock exchanges. ICOs may fall outside existing regulations, depending on the nature of the project, or be banned altogether in some jurisdictions, such as China and South Korea.
ICOs have been prone to scams and securities law violations. Fewer than half of all ICOs survive four months after the offering, while almost half of ICOs sold in 2017 failed by February 2018. Despite their record of failure and the falling prices of cryptocurrencies, a record $7 billion was raised via ICO from January-June 2081
The first token sale (also known as an ICO) was held by Mastercoin in July 2013. Ethereum raised money with a token sale in 2014, raising 3,700 BTC in its first 12 hours, equal to approximately $2.3 million at the time. An ICO was held by Karmacoin in April 2014 for its Karmashares project.
ICOs and token sales became popular in 2017. There were at least 18 websites tracking ICOs before mid-year. In May, the ICO for a new web browser called Brave generated about $35 million in under 30 seconds. Messaging app developer Kik’s September 2017 ICO raised nearly $100 million. At the start of October 2017, ICO coin sales worth $2.3 billion had been conducted during the year, more than ten times as much as in all of 2016. As of November 2017, there were around 50 offerings a month, with the highest-grossing ICO as of January 2018, being Filecoin raising $257 million (and $200 million of that within the first hour of their token sale).
Kik had previously issued $50 million in tokens called “Kin” to institutional investors, and sought to raise an additional $125 million from the public. In connection with this ICO, an unidentified third party executed a phishing scam by circulating a fake URL for the offering through social media.
By the end of 2017, ICOs had raised almost 40 times as much capital as they had raised in 2016, although still amounting to less than two percent of the capital raised by IPOs. According to industry newsletter Cointelegraph, companies raised around $6 billion via ICOs in 2017; 37% of that amount was made by only 20 ICOs. Already by February, 2018, an estimated 46% of the 2017 ICOs had failed.
ICOs are sometimes called “token sales”. Amy Wan, a crowdfunding and syndication lawyer, described the coin in an ICO as “a symbol of ownership interest in an enterprise — a digital stock certificate” stating that they are likely subject to regulation as securities in the U.S. under the Howey test.
Ethereum is (as of February 2018) the leading blockchain platform for ICOs with more than 80% market share. Tokens are generally based on the Ethereum ERC-20 standard. According to Cointelegraph the Ethereum network ICOs have resulted in considerable phishing, Ponzi schemes, and other scams, accounting for about 10% of ICOs.
On January 30, 2018, Facebook banned advertisements for ICOs as well as for cryptocurrencies and binary options. By April 9, 2018, ICO advertising has been banned not only by Facebook, but by Twitter, Google, and MailChimp.
In reference with the motion of this article, Today! I will be presenting you a particular undisputed project called:BITHEMOTH
What is BITHEMOTH?
Bithemoth is an accomplished comprehensive digital mazuma trade stage intended to upgrade/reexamine the market.
The platform usability combines a number of new features that are dedicated to enhancing the experience of our exchange users. It's not only technology features behind the revolutionary exchanges, It will also be optimized for reviews being user friendly. This will support new individuals entering the Crypto Market, while providing many features to accommodate the needs of cryptocurrency investors who turn pale experienced.
The Problem
In the world of cryptography, there are various problems that serve only to convince potential investors to become part of the revolutionary blockade.
One of the problems with trading platforms is poor customer service. In most cases, you will be able to access the chat. These chatbots are usually poorly designed. Therefore, most customers eventually give up. In addition, most platforms never select calls. When they do, they offer a dull advice, which eventually becomes even more unpleasant. To solve this problem, Bithemoth will hire highly qualified experts who will also be well prepared. This will help provide customers with the best quality of service they deserve.
Another issue is international support. There are exchanges in which people from all over the world can not trade because of the language barrier and other problems. Bithemoth will offer multilingual support and will provide access to them from anywhere in the world.
WHY YOU SHOULD INVEST?
1. We are the all-in-one Blockchain Asset Solution.
2. Determination is what we strive for.
3. Useful both as a short term and long term investment.
Bithemoth exchange was created using 3 Main Main pillars; Accessibility , Usability and Profitability
Created by a mixture of beginner entrepreneurs and experienced investors, Bithemoth combines the experience of his team to review crypto exchanges that include ALL that will filter how the cryptocurrency currency is traded. Our platform will combine several new features to differentiate itself from previous exchanges, and establish itself in the crypto market. Leveraging on the diversity of our team, we create a strong and strong exchange that will not only meet the needs of investors under traditional control, but also will simplify the process, even allowing individual non-technology to start trading.
Platform Speed
Another problem that we will discuss is the current exchange rate. Some investors have complained about the speed of snails that are exchanged for currency, which results in heavy losses.
We are a future examination of our exchanges to ensure scalability and speed. We will achieve this by establishing a strong foundation for the platform to grow. This will ensure that the exchange will be able to maintain efficiency if there is a surge in user registration. In addition, we will also assign a support team that will be charged responsibility for resolving user questions and complaints in the shortest possible time.
Customer service
The biggest challenge faced by investors in the crypto market is the problem of customer service and support. The challenges range from unresponsive support teams to rude staff members. From our visibility study, we found that there was never an exchange with a world class support team.
At Bithemoth, we place value on the investor trading experience, which is why we maintain a pleasant trading environment. We realize that having a world class support team cannot be over emphasized.
To face this challenge, we will employ top-class customer service experts to work in our customer service units. These experts will be adequately trained and certified to handle customer questions and complaints. We will create a task point to train and maintain our customer service team, and the costs will be borne by Bithemoth. This training will harmonize the superior standards of our exchange with the interpersonal skills of our staff members. That’s not all, we will only choose the best candidates for jobs to reduce the waiting time that users will get a response from us. After the user reports a problem, our customer service will respond to the complaint as soon as possible humanely. Trading experience is the priority of the Bithemoth team and we are motivated to gather the best support team.
The Ecosystem
In a bid to operate as a link between traditional finance and the digital asset economy, the Bithemoth platform has come up with a simple and conventionally adoptive system. Three major aspects of the digital economy will be simplified by Bithemoth's diverse ecosystem thus presenting (i) an exchange, (ii) a trading platform, and (iii) a complete ICO incubator.
A wide range of services will be made available as Bithemoth works alongside its partners. New traders can invest in cryptocurrencies with a few clicks on the exchange using our adjustable and user-friendly environment, while professional investors can conveniently use our trading platform that has been designed with a vigorous toolset. Bithemoth’s ecosystem envisions its ability to provide companies with an ICO incubator that is ready to use that supports project development thus enhancing growth and collaboration.
Bithemoth hopes to offer payment processes for both cryptocurrencies and fiat that are fast and secure by establishing stable banking relationships. Bithemoth also plans on implementing andadding to the already existing features, a unique system of rewards for Bithemoth coin (BHM) purchasers, and carefully designed custom trading solutions to meet the needs of the digital asset economy.
Ecosystem Growth
At Bithemoth, we believe that client enthusiasm, participation and user retention can be increased by engaging them on the platform through added opportunities to earn. This will allow for more liquidity within the engine thereby keeping spread low and generating higher overall volumes. We plan on rewarding users for participation in BHM and as the platform develops, the scope of reward activities will change and grow. Upon the release of the Bithemoth platform, users will be rewarded for simply signing up on the platform and creating a wallet, referring friends to the platform, using the exchange for the first time, and completing user feedback forms which will help the team to continuously improve on the platform.
Bithemoth Coin (BHM)
Bithemoth Coin (BHM) will be the token coin that we will issue. There will be a maximum amount of 200 000 000(two hundred million) coins that will be created. We do not intend to increase it further.
BHM is modelled and will run using the Ethereum blockchain with ERC 20. This will ensure the safety and security of the token in the long term.
Dates: TBA
Whitelist/KYC: Whitelist
Country: South Africa
Token info
Ticker: BHM
Platform: Ethereum
Token Type: ERC20
Available for sale: 120,000,000 BHM (60%)
Investment Info
Pre-sale Price : 1 BHM = 0.22 EUR
ICO Price: 1 BHM = 0.22 EUR
Accepting: ETH
Token Allocation
Bonus Structure for Pre-Token Sale and Token Sale Participants
Pre-sale token participants will receive tiered discounts on the price of BHM depending on entry time. The discount will reduce as more tokens are sold. The practice with other exchanges is that they offer larger discounts to private investors even before the ICO pre-sale and main sale goes live. Bithemoth is applying a paradigm shift in this regard by offering the discount to everybody on its platform rather than to some select private investors.
We strive to create a token buyback reserve that would be funded with 20% of the net revenues accruable to us with a view to adding liquidity to bolster the market.
It is our intention that investors will have the opportunity to receive invitations and enjoy exclusive opportunity during our future token sales.
RoadMap
Project Vision - September 2017
Creation Team - October 2017
Development begins - December 2017
Pre-sale - Q3 2018
ICO - Q3 2018
Beta launch - Q3 2018
Full release of effects - Q4 2018
Global Marketing Campaign - Q3 2018
Launch of Cellular Application - Q4 2018
Patent and Product License - Q4 2018
Market Implementation - Estimated Q1 2019
Hardware Wallet Integration - Estimated Q4 2019
Brick and mortar shop - Estimated Q4 2019
THE TEAM
ADAM-BAREK: CEO and Co-Founder
LUQMAAN-MOOLLA: COO and Co-Founder
DR. MOHAMED CISCO: CFO and Co-Founder
SIDDIQ-MOOLLA: CIO and Co-Founder
DR.-KEVIN-LAI: Director of Business Administration
BRIAN-JUNG: Community Director
MICHOLAS SAMOONDAR: Director of Marketing Partnerships
HEMANT-SUD: Marketing Specialist
RUIHE-RIN: Software Research
DANIELA GAVIRIA: Investor Relations
AZHAR: Legal
THE DEVELOPMENT TEAM
ERIC-ALLEN: Head Coordinator
MUHAMMED-NAGY: Lead Software Engineer
LINKON ISLAM: Lead Front End Developer
ALY-KAFOURY: Software Engineer
MOHAMED-ZAIN: Senior Software Engineer
JOSHUA-WAISWA: Software Engineer
MURAMOTO-HANAKO: Senior Front End Developer
MING-LI: Senior Software Engineer
ZHANG-YUE: Senior Software Engineer
For more information, please visit:
Website: https://bithemoth.com/
Whitepaper: http://cipldev.com/bithemoth/new/img/pdf/Bithemoth-Whitepaper-Revision-2.1.1.pdf
ANN: https://bitcointalk.org/index .php? topic = 3311741.0
Facebook: https://www.facebook.com/bithemoth/
Twitter: https://twitter.com/bithemoth?lang=id
Telegram: https://t.me/joinchat/H9BMmlFz_8LWfLq2CgLniA
YouTube: https://www.youtube.com/channel/UCndzKrOwSjnWVQQCnthWoNA
Reddit: https://www.reddit.com/r/Bithemoth/
Bitcointalk username:Samuel321
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1925101
DISCLAIMER:This post was brought to you by Opeyemi being my personal project on Bithemoth campaign project
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