Topic: [ANN] [ICO] Bayan Token - Shariah-Compliant Token - page 2. (Read 5951 times)

Watch Former Australian Gangster Vince Focarelli Becomes Shariah Compliant Cryptocurrency Ambassador

https://www.youtube.com/watch?v=sAZsCsdZAmI

Can Smart Contracts Change The World? - link

Smart contracts is a term used to describe an automated computer program that is capable of facilitating, executing and enforcing an agreement without human intervention. Smart contracts can help you exchange money, properties and anything of value without any or minimal conflicts.

Traditional Contracts

So what do we know about traditional contracts?

1. You need a legal representative

For one, you basically need a legal representative to write a contract between you and another party. Most of the contracts are written in legal language that is difficult to understand and parse through. Moreover, you need the legal representative to act as a witness and enforcer for your contract.

2. It’s a difficult process

Sometimes, the process can be time-consuming, as well as ambiguous. You may very well come out from the negotiations with no knowledge of what you’re agreeing to. Most of the time, people overlook the terms and conditions and just put their signature on the contract (which is legally binding, by the way!).

3. The legal consequences is not a walk in the park either

If the contract falls under dispute, both parties can experience negative effects. The process of resolving issues with contracts involve long waiting period and a lot of money. Often, both parties find that the resources wasted not worth the dispute in the first place.

Smart Contracts

So how can smart contracts improve traditional contracts?

1. Simple computer programming to replace enforcers
Behind the scenes, computer programmers help create smart contracts using contract development tools and programming code languages such as C++, Python, Go and Java. The code will define the rules and consequences in the same way that a traditional legal document could. It can include obligations, conditions, benefits and penalties in different circumstances. This code can then be self-executed using the same principle as verification of bitcoin transactions.

2. Easy to understand
Because all the complicated process happens behind the scenes, the surface of a smart contracts remain simple and relatively easy to understand. Think of it like an IF function in Excel, where a cell returns one value if a condition is true and another value if a condition is false.

3. Transparent and accurate
Smart contracts are less prone to manual errors and the process of execution virtually eliminates manipulation and noncompliance. Similar to bitcoin transactions, computer nodes in the network come to a consensus about the code execution. The network will record the execution of the contract and update the ledger, and monitor the compliance of the contract.

Smart Contracts Use Cases

A wide range of areas in various industries can benefit from using contracts and Deloitte have identifies several areas that can use smart contract in the picture below:


Smart contracts are still new that research into the technology is still ongoing. Several issues such as coding error or external circumstances can affect execution of smart contracts. Experts are trying their best to resolve these issues as fast as they can identify them. But just like how bitcoin has changes the process of transactions, there is no doubt that smart contracts will change the way we execute contracts.

So here’s to the future of smart contracts.

Author: Remei

Website: https://bayantoken.com
Whitepaper: https://bayantoken.com/whitepaper
Telegram: https://t.me/bayantokenBYT
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Reddit: https://www.reddit.com/user/BayanToken
Discord: https://discord.gg/J9Mcskd
LinkedIn: https://www.linkedin.com/company/byttech/

Thank you TonyMark. Very much appreciated from the team

The Bayan Token website is really nice. You guys did a good job with the design. I like the colors and the font type chosen really work well together.

The proceeds from Bayan token crowdsale will fund several projects that will ensure the integrity of Bayan token as a valuable token. Bayan token is not only a utility token but it is also backed by real-life, profitable projects that will support the whole ecosystem.

Join our Meetup to get updates on our latest events and get-together!

https://www.meetup.com/Bayan-Token-ICO/

For us 4 months is not long. Take example other ICOs. VRT World 4 months for hard cap $16m, Dyno 3.5months for hard cap ~$16.6m, Cargocoin 9 months for hard cap $55m and so forth.

this is a very long project in my opinion. with ico sale time of about 3 months with target harchap $ 35 million is not too long? is there a goal for yourself why is it going on for so long? if this project can get a large partner I think I don't have to be long like that.

News from DailyMail.co.uk

Former bikie boss who survived five assassination attempts and converted to Islam is now the ambassador for a Sharia-compliant cryptocurrency - link

• Former Adelaide Comancheros leader Vince Focarelli has converted to Islam
• The reformed bikie boss fronted video endorsement for Muslim cryptocurrency
• The former gang leader is frontman for Sharia-compliant Bayan Token product

A former bikie leader who converted to Islam has fronted a video endorsing a Sharia-compliant cryptocurrency.

Vince Focarelli, who survived five attempts on his life as the Adelaide-based leader of the Comancheros, is the new frontman for Bayan Token, a Singapore-based Islamic finance group.

The 42-year-old reformed bikie is introduced in a three-minute YouTube clip as a 'devout Muslim and social worker' who was previously a 'gang leader'.

'My name is Vince Focarelli and I believe in God,' he said, after delivering a brief introduction in Bahasa Indonesian.

'I believe that when you do good, goodness will come back to you.'

The Italian-born former underworld figure describes the cryptocurrency as something that delivers 'goodness at every turn' and has 'real world benefits and a 'higher purpose'.

'It is backed by ongoing projects that are strong in Islamic principles,' he said in the video.

The man with a colourful past said the world's growing Islamic population meant there would be more demand for halal products, that were permissible in Islam.

Last year, he fled South Australia to live in Malaysia to escape a criminal-related deportation.

The Kuala Lumpur-based man, who describes himself as a devoted Muslim, has a wife and a stepdaughter in Adelaide.

The former Comancheros leader risked having his Australian visa cancelled under the Migration Act, which gives Home Affairs Minister Peter Dutton the power to deport a non-citizen that is regarded as a threat to community safety.

Fearing it would be revoked and he would be sent to a detention centre, he left the country before an adjudication process could begin.

Focarelli, who became a Islam devout in 2012, survived five assassination attempts at the hands of gangland rivals - the last attempt killing his stepson.

Now, he encourages others to celebrate the beauty of life, and hopes to reopen his old Adelaide restaurant, La'Fig ­Cucina, in Kuala Lumpur.

The daunting task won't be the same without his wife though, given she was 'the backbone' behind their Carrington Street establishment. 

Once a man who's life literally involved dodging bullets, Focarelli has now devoted himself to caring for his mother, who has stage-four cancer.

Bayan Token has been rated 8.5!

We have scored a perfect 10 for 'Product' and another 10 for 'Team.' That really reflects our core strengths; Real Value & Real Growth!

Check it out at https://foundico.com/ico/bayan-token.html

Invest in Bayan Token today for your better tomorrow!

Success for the future, hopefully with effort, confidence and determination will give extraordinary results, stay victorious, for the team and dev continue to fight not to give up.

EXCLUSIVE: Former Australian gangster, Vince Focarelli, now the face of Islamic ICO - link

For many Australians Vince Focarelli became a household name as he rose to the top of Australia’s bikie gang underworld, now it appears he’s aiming to rise up in the world of cryptocurrency.

The gangster, turned devout Muslim, swears to have wiped his hands of the underworld.

Unable to return to Australia, he’s amassed a legion of fans in the Muslim world, particularly in Malaysia where he preaches the teachings of Islam and shares his story with school children in the hope of convincing them to turn to religion, not crime.

On face-value it’s a stunning turn-around for the once feared gang leader who survived four assassination attempts, including one in which his own son was killed during a shoot-out in South Australia.

Micky can now reveal his appeal in the Muslim world has landed him a job as an ambassador for the ICO of ‘Shariah-compliant’ utility token, Bayan Token.

The ICO is aiming to raise up to US$35m.

Speaking to Micky News, Bayan Token Chief Operating Officer, Adam Mustapha said Vince Focarelli has already brought in new investors.

“We invited Vince to join us and upon hearing about what is Bayan Token, its features and benefits, he straight away agreed as he is really convinced with Bayan Token’s potential,” said Mustapha.

Despite the former gangster’s chequered past and recent deportation from Australia, the COO believes Vince Focarelli is the ideal face for the ambitious project.

“We discovered about Vince’s journey to Islam and it strikes very well with Bayan Token’s story and vision.

“We hope his life’s experience will inspire people to be part of Bayan Token, since we are promoting ‘Good for Goodness’ concept, whereby when people invest in a Shariah-compliant product (GOOD), more benefits and blessings will come back to them (GOODNESS).

“Having Vince as our ambassador will definitely attract people to find out more about our products,” added Mustapha.

Bayan Token is the latest ICO to attempt to tap the trillion dollar Halal industry.

According to the White Paper there are varied plans as to what the ICO funds will be used for, including; establishing a network of Halal-Marts where the tokens can be used, developing a shariah-compliant artificial intelligence global equity trading platform and commercialising a new Halal health product that lowers cholesterol.

The organisation also claims, at the very least, Bayan Token holders will have access to a cloud server, giving users access to tools including private data storage of inventories, invoices, web server, email server, DNS server or any services hosted on a Linux platform.

The Bayan Token ICO was supposed to close on July 27, 2018, but Micky has been told it will now be extended until October 27, 2018.

Former bikie Vince Focarelli appears as spokesman for sharia-compliant cryptocurrency - link

HE HAS survived six assassination attempts as head of the Comanchero and fled to Malaysia earlier to escape crime-related deportation from Australia, but Vince Focarelli has found himself a new calling.

The devoted Islam convert, who was a wanted man on the streets of Adelaide before fleeing to Italy in March 2017, has been appointed as an “ambassador” and a “chairman” for a “sharia-compliant cryptocurrency” business.

In a visually striking YouTube video advert for Bayan Token, in which he is described as a “former gang leader” by the online company, he can be seen punching animated words and describing how the idea will have a positive impact on the planet.

“I believe that when you do good, goodness will come back to you,” he says in the three-minute clip.

“However, Allah has decreed that good deeds should be done with good intentions.”

He goes on to describe how Bayan Token is a “sharia-compliant Utility Crypto Token” which funds beneficial projects for millions and are in line with Islamic teachings.

On its website, Bayan Token is open about the former underworld figure’s volatile past.

“There was a time, whenever Vince Focarelli’s name was mentioned, it struck fear and hatred in the people’s heart, especially among the residents of Adelaide,” it states.

“That is not the case anymore. The former leader of the notorious gang ‘Comanchero’, he is now a transformed and completely different person after embracing Islam.


“Vince — now Imran Abdul Salam — is an active social activist, where he frequently gives motivational and inspirational talk about his journey to Islam.

“He is also actively involved in several humanitarian works such as organising a food convoy for the Yemeni refugees.”

The company describes how he used to own and run a Halal Italian restaurant, La Fig Cucina in Adelaide, and how he wishes to expand its presence around the world.

In the video advert, Mr Focarelli describes how the company aims to improve the lives of millions of people living across South-East Asia.

“The proceeds from Bayan Token crowd sale will fund several projects that will ensure the integrity of Bayan token as a valuable token,” the new company’s website states.

“Bayan Token is not only a utility token but it is also backed by real-life, profitable projects that will support the whole ecosystem.”

These projects include the expansion of 100 to 1000 affordable halal stores across Malaysia, Singapore, Brunei and Indonesia. The company claims its stores will lower the cost of living for millions of Muslims living throughout South-East Asia.

Another project is the commercialisation and production of the natural Basella alba leaf extract, which it claims lowers the level of cholesterol in humans and most animals — without the muscle and liver damage, rhabdomyolysis, and acute renal failure caused by synthetic treatments.

Mr Focarelli fled to Italy — where he lived until his arrival when he was 12 years old — in March, 2017, pre-empting efforts from immigration authorities to cancel his visa and deport him.

The high-profile former underworld leader said he wanted to leave on his own volition before being forcibly deported.

“If I stick around and wait for them, then there’s a chance I could be taken to a detention centre,” he told Nine News.

“Once I settle down, my wife and daughter will come along.”

However, he moved to Kuala Lumpur in Malaysia shortly after landing in Italy.

The Advertiser reported that he flew his mother out to be by his side. However, he is understood to have been unable to bring his wife and daughter over to Malaysia full time.

After appointing Mr Focarelli as an ambassador, a spokesman for Bayan Token said the former gang leader “shares the same aspirations and noble intentions of spreading good to the wider mass”.

“An avid preacher of kindness and goodness himself, he is very excited and looking forward to do greater good through the sharia compliant Bayan Token,” he said.

Important Announcement — Bayan Token ICO to be extended by 90 days.



Dear Bayan Token Community,

After much suggestions from token holders and consultations with project advisors, we have decided that it is in the best interest of the project to extend the ICO by further 90 days commencing after initial end date on 27th of July 2018.

The ICO will be extended by 90 days after initial end date to have more time for better marketing & pursuing investments/partnerships.

As the market is gradually recovering from massive price decline that was experienced in Q2 2018 and investor confidence is slowly creeping in, we believe this extension in the current market uptrend will help us to achieve the aim of the ICO.

Our new ICO end date is 27th October, 2018, 23:59 UTC +8. The ICO price will remain the same at USD0.80 per BYT.

We would like to thank all of you for your understanding and support up until this point and beyond.

I agree with your opinion, because Blockchain can change our mindset and can help us for the life to come, the best spirit is always on you

Yes, we made a robot that trades according to our algorithm.
Over 9 months of trading period, we have managed to get 49% of ROI. refer below picture.
And yes, we can short sell if enabled it in the program.

Performance Report


Chart Analysis

 

Our Ambassador, Vince Focarelli, was featured in The Advertiser tabloid - check it out here

"Bayan Token is marketed as a blockchain cryptocurrency which is sharia-compliant and and funds projects which benefit society and are in-line with Islamic teachings," wrote the article.

Watch Vince talks passionately about Bayan Token at https://youtu.be/7XMsOprPVo8

Find out more about Bayan Token at www.bayantoken.com

As a freelancer, this project has inspired me a lot. Blockchain can not only change our life, but also affect our work,The energy of the blockchain is really too great,hope all things goes well

Colleagues. You write "AiET's capabilities include:

• Quick analysis to determine the main investments
• Coordinated trading opportunities
• Reducing human error
• A disciplined approach
• Ability to eliminate human emotions. "Have you made a robot that trades according to your algorithm? What profitability? You can work in shorts?

Very interesting project. I liked the global approach. Development from zero, production and sale of herbal drugs that reduce cholesterol - this is a very promising market.