About Bitscreener Ico
Bitscreener Ico is a finance-focused unified platform of cryptocurrency and stock tracker powered by blockchain. It integrates data of separated spaces of stock and cryptocurrency into a single platform, allowing traders and investors to track their investments across the domains seamlessly. At the same time, writers and researchers can contribute new content to the system for rewards.
BitScreener leverages the blockchain incentivization mechanism for user engagement and content quality. The visualization tools (charts, table, news, etc.) of the data subsystem support writers to create new content easily within the platform. Once published, the newly generated content is transparently evaluated by the community for rewards.
| ICO | DETAILS |
|---|---|
| Company Name | Bitscreener Ico |
| Token Symbol | BITX |
| Accepts | ETH |
| Token Type | ERC20 and ETHEREUM |
| Initial Token Price | ERC20 |
| Hard Cap | ETH 15000 |
| Soft Cap | ETH 1000 |
| Starting Date | May 5th, 2018 |
| Ending Date | July 20th, 2018 |
| Status | Past |
| Participation Restrictions | USA, Singapore |
| KYC | YES |
| Website | Homepage |
A Financial Data and Content System Powered By Token BITX
BITX works as the payment method for users to buy BitScreener’s data services and the incentivization method for contributors to create financial content
BitScreener Solution
Bitscreener Ico is an innovative financial ecosystem using blockchain-based incentivisation in order to solve the problems of
(1) unfair profit sharing,
(2) biased information,
(3) fragmented financial data system and community content system, and
(4) fragmented stock and crypto domains as mentioned above in the financial data and content delivery.
BitScreener integrates several advancements of the existing content delivery and crowdsourcing systems for finance field with a focus on economic incentives.
BitScreener Token Economy
The breakthrough of Bitscreener Ico is the blockchain-based incentivization via token BITX. BITX is a vehicle for transferring value between content contributors and content consumers. The financial writers or researchers who deliver the value will be awarded BITX and the readers or traders who consume value, to some degree, may need to spend the tokens. These economic incentives help the ecosystem sustain and grow. By using the blockchain tokens, this mechanism of incentives is far more advantageous than that based on other means of payment such as fiat money or traditional gift card.
BITX will be transacted faster, cheaper, and more accurate on the blockchain, regardless of the amount and the geographical locations. The transactions of BITX are transparently public to all related parties. This section presents the details on how, for token holders, to buy premium features on BitScreener using tokens and how, for contributors, to earn rewarding tokens from delivering high-quality content to the community. The “mining” process from the reserved token pool and the conversion between BSP and BITX will be examined.
Token Supply and Allocation
The maximum supply of BITX is 450 million, which is fixed in the Ethereum smart contract. This supply has been carefully scheduled for distribution over time as well as allocated to different parties.
Crowdsale
There are three phases: Thank-You BitScreener, Private Sale and Public Main Sale. Citizens of the United States, Singapore, and OFAC countries are prohibited from the sale.
Future Content Contributors
20% will be reserved for the minersIt will take 15 years to “mine” those tokens. The schedule of releasing tokens over 15
years was discussed.
Advisors and Bounty Programs
They will assign 4% of the tokens to advisors and bounty activities.
Reserved for Future Operations
They will reserve 30% for the future operations. Those tokens will be locked for two to four years in a multisig wallet.
Reserved for Team
They reserve 15% for the team’s members. Those tokens will be locked for one to four year in a multisig wallet.
Legal and Compliance
BitScreener Token BITX issuance is administered by BitScreener, Pte Ltd. in Singapore with Registration Number 201810672H. They are following the best practice in relation to the Token Sale including whitelisting and KYC/AML via reputable legal and compliance firms: CollyerLaw5 and Cynoptis Solutions6 . There are potential risks of possessing and using BITX, which have been outlined in the Terms of Sale. Buyers are advised to read the documents carefully before making any purchase
