BlockBits ICO (BBX)

Decentralized investments


Blockbits provides innovative mechanisms such as safe funding vaults and secure milestone based payments. The platform offers to both investors and project owners investing tools and minimal to zero fees. Our platform is designed to become fully independent, maintained and governed by its own token holders. Blockbits itself is launched through the very code submitted here as MVP. It is not a Venture Capital Fund, nor an Investment Fund. It is a platform where you launch your project and the community is going to be the one moderating the content. Welcome to the smart company of the future! Never tired, no bias just code, autonomous platform distributed throughout the blockchain, mutable only with its community approval, always ready for the innovative ideas of tomorrow!

Investment
3.9

by expert rating and reviews


2.5
ICO PROFILE
3.7
TEAM
4.5
VISION
3.9
PRODUCT
Ended
Token BBX
Platform Ethereum
Price 1 ETH = 7,000 BBX
Country Romania
ICO Start Date 10 Mar 2018
ICO End Date 01 May 2018

About BlockBits

BlockBits DApp is not just another crowdfunding platform, it’s the innovation that sets the standard of what the ICO market urgently needs to become: safe investments and legitimate projects. For the first time investors can decide if they keep backing a project or take their money back.

The platform provides innovative mechanisms such as safe funding vaults and secure milestone based payments and is designed to become fully independent, maintained and governed by its token holders. Blockbits is launched through the very code submitted here as MVP.

Welcome to the smart company of the future! Never tired, no bias just code, autonomous platform distributed throughout the blockchain, mutable only with its community approval, always ready for the innovative ideas of tomorrow!

Be part of the change! Stop gambling! Start INVESTING!

Team

Alexandru Lazar member of BlockBits ICO
Alexandru Lazar
Emerging Technologies Enthusiast
Sandeep Patel member of BlockBits ICO
Sandeep Patel
Managing Partner
Richard Johnson member of BlockBits ICO
Richard Johnson
Digital Consultant ( Security | Technology )
Georgeana Bobos-Kristof member of BlockBits ICO
Georgeana Bobos-Kristof
Mathematics Professor / Educational Consultant
Tiberiu Socaci member of BlockBits ICO
Tiberiu Socaci
Business Development Manager
Micky Socaci member of BlockBits ICO
Micky Socaci
Main Developer
Mihai Iliescu member of BlockBits ICO
Mihai Iliescu
Senior Security Engineer
Vlad Morar member of BlockBits ICO
Vlad Morar
Video / Marketing Specialist
Ionut Toader member of BlockBits ICO
Ionut Toader
Frontend Developer
Radu Dumitru member of BlockBits ICO
Radu Dumitru
Graphic / UX Designer
Arthur Birnbaum member of BlockBits ICO
Arthur Birnbaum
Animation and Motion Graphics

Milestones

  • 1

    PHASE 1 - PROOF OF CONCEPT

    Period: June 2017 - January 2018

    1.1 The Documentation
    - Technical Documentation
    - Functional Diagrams
    - Deployment Strategy and Flows
    - Live Documentation

    1.2 The Code
    - Backend Application MVP
    - 350+ Unit and Integration Tests

    1.3 The Tools
    - Bounty Portal
    - Bounty Program Tools
    - Mobile Applications

    1.4 The Offering
    - Platform identity - Logo and Design
    - Campaign Ofering Whitepaper
    - Campaign Landing Page

    1.5 Landing Redesign
    - Reverting to Standard Token Sale
    - BlockBits Info Flow Diagrams
    - New Explainer Video
    - Explainer Articles

  • 2

    PHASE 2 - FUNDING

    Period: Feb 2018 - May 2018

    2.1 Funding Start
    - Announcements
    - Funding Campaign Launch
    - AMA interviews
    - Press releases

    2.2 The PRE ICO
    - Period: 4th of February 2018 to 28th of February 2018

    2.3 Marketing limited Public Sale
    - Period: 4th of February 2018 to 10th of March 2018

    2.4 The ICO
    - Period: 10th of March 2018 to 1st of May 2018

    2.5 Token Allocation
    - Date: 2nd of May 2018
    - Direct Funding Pool - Token unlock
    - Bounty Portal Pool - Token unlock

  • 3

    Phase 3 - Development Milestones

    Period: May 2018 - May 2020

    Development Start Date: 5th of May 2018

  • 4

    Development Milestone 1

    Milestone Name: Minimalistic Platform
    Estimated Duration: 90 days

    - Team expansion
    - Swarm / IPFS Storage
    - Platform Web Application
    - Campaign Page
    - Campaign Listing and filtering
    - My Profile
    - MainNet / TestNet Testing environments
    - Deployment Tools
    - Application State Processing Daemon

    Note: Minimum required functionality in order for token holders to be able to validate and vote on proposals.

  • 5

    Development Milestone 2

    Milestone Name: 3rd Party Launch Functionality
    Estimated Duration: 180 days

    - Platform Web Application
    - Campaign Page improvements
    - Campaign Listing and filtering improvements
    - Project Creation Wizard - v1
    - BlockChain Application Deployer
    - Platform - Revenue Stream Storage Contract
    - Mobile Application Update

    Note: Minimum required functionality to allow 3rd party projects to launch through the platform and allow token holders to participate in funding events that include discount programs.

  • 6

    Development Milestone 3

    Milestone Name: Code Upgrade Tools and Token Buyback
    Estimated Duration: 90 days

    - Code Upgrade Tools with in platform code diff viewer
    - Token Buyback functionality that uses funds in Revenue Stream Storage

    Note: Minimum required functionality to allow Code Upgrades to be processed in order to enable Token Buyback for the main platform and launched children projects.

  • 7

    Development Milestone 4

    Milestone Name: Basic Risk indicators and Collaboration tools
    Estimated Duration: 90 days

    - Campaign Risk indications and analysis
    - Campaign listing and filtering based on risk indicators and scoring
    - Project Creation Wizard - v2
    - Collaboration Tools
    - New Discount programs
    - New Funding algorithms

    Note: Basic Risk analysis and indicators for projects and Collaboration tools for the Creation Wizard.

  • 8

    Development Milestone 5

    Milestone Name: Advanced functionality
    Estimated Duration: 90 days

    - Project Creation Wizard - v3
    - Funding Auction Bidding
    - Advanced Risk indications and analysis

    Note: Advanced functionality for project creation, risk analysis and indicators for project page details.

  • 9

    Development Milestone 6

    Milestone Name: Token Holder Upgrades
    Estimated Duration: 90 days

    - Token holder initiated Code Upgrades that get paid from the Revenue Stream Storage Contract

    Note: Allows token holders to propose upgrades and get paid for them.

  • 10

    Development Milestone 7

    Milestone Name: Full Decentralization
    Estimated Duration: 90 days

    - Full Decentralization Support
    - ENS Ownership & ENS annual renewal payments
    - Storage Ownership with renewal

    Note: Project gets prepared for completion, where no one owns it.

Financial

Token Sale Info
Token BBX
Token Type ERC20
Platform Ethereum
Price in ICO 1 ETH = 7,000 BBX
Investment info
Accepting ETH
Distributed in ICO 60%
Soft cap 5,000 ETH
Hard cap 35,000 ETH

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