hi dev, why create new ANN thread?
Part of rebranding - it is easier to manage this way.
Topic: [ANN] MyBit ✦The Platform for Tokenizing Revenue Streams✦ - page 6. (Read 9685 times)
Part of rebranding - it is easier to manage this way.
hi dev, why create new ANN thread?
Anyone who participated in late March should be receiving an email to access their account via the new Site. If you do not receive anything by end of day tomorrow please reach out to us.
good news project still running
already MyBit
already MyBit
let me reserve indonesia translation dev
interesting project, i will update my italian thread thanks dev!
I found it interesting! I'll read the whitepaper later to get a better understanding! I thought this project had already finished, I must be imagining things! 
We pivoted to focus specifically on Decentralized Energy instead of being fully-agnostic with the first launch after advice from a lot of community leaders so we have a new and improved model now that is much clearer and fleshed out. Any questions feel free to join us on Slack or Telegram.
reserve indonesia translate if you need
let me reserve for indonesia translation please
i also can be community manager please..
i also can be community manager please..
Let me know if Hindi translation if needed.
TokenSale Smart Contract is available for public audit: https://github.com/MyBitDev/contracts-master/blob/master/crowdsale.sol
You can register an account on https://mybit.io and view our custom-built TokenSale dashboard
Ethereum-Ropsten TestNet Demo is on schedule to be released prior to beginning of TokenSale.
Hello, Sir. Let me reserve the translation of the Russian topic
Ok?
Ok?
Sure, please PM ShooterXD who is our bounty manager.
Hello, Sir. Let me reserve the translation of the Russian topic
Ok?
Ok?
The Platform for Tokenizing Revenue Streams
Pre-sale: OPEN (Contact for details)
Automated Buy Contract: Released no later than June 30, 2017
TokenSale Official Launch: July 17, 2017
Website: http://mybit.io
TokenSale: https://mybit.io/tokensale
Whitepaper: https://mybit.io/docs/MyBit_Whitepaper_v0.13.pdf
Video: https://youtu.be/wvpnMJQkhAo
Ropsten Testnet Demo: (Coming Soon)
Front-end Demo: (Coming Soon)
Telegram: https://t.me/mybit_dapp
Slack: https://slack.mybit.io
What is MyBit?
Mybit makes financing and maintaining revenue streams efficient and automatic.
How?
MyBit gives small investors new access to revenue streams previously reserved for banks and investment funds. With MyBit, anyone can invest -- or raise capital -- from anywhere in the world…peer to peer, seamless, fast, and secure.
By commoditizing solar panel installation and other forms of renewable energy, investors and landowners can crowdfund the coming decentralized energy grid. With Mybit, investors get security on their investment, while landowners get access to investors willing to help in exchange for profit. By standardizing and automating setup, sales, and dividends, Mybit takes you one step closer to an equitable economy.
The Future
Our 5 year goal is to be at the forefront of commoditizing the coming AI economy. Mybit will be Europe's platform tokenizing any automatable or machine infrastructure. And it will be owned by the crowd.
Why Decentralized Energy?
Since the current energy structure is not sustainable (scalable at speed), it will require decentralized energy solutions. This claim has been validated by many major utility companies who have recently started researching decentralized grids. However, traditional financing models would only enable a small fraction of the population to own / participate in the decentralized solutions. This creates an opportunity where MyBit can provide immense value.
Our Approach
MyBit commoditizes decentralize energy infrastructure and takes it down to the micro level (99%) - to the people.
Benefits of this approach include:
a)Removes financial barrier to entry by crowdsourcing the purchase of decentralized grids in exchange for per-usage revenue sharing
b)Enables faster access to capital (than traditional financing mechanisms such as bank loans and other debt instruments)
c)This creates a highly scalable (at speed) & sustainable energy model
Token Model
All transactions on the MyBit platform are assessed a 1% network fee which is distributed to token holders based on their percent stake.
Types of transactions include:
• Investing in Energy, AI infrastructure, and other revenue generating assets: Funding & Revenue Sharing
• Peer to Peer trading (buying and selling) of decentralized energy
• Machine to machine payments
• Trading on Open Exchanges
Types of transactions include:
• Investing in Energy, AI infrastructure, and other revenue generating assets: Funding & Revenue Sharing
• Peer to Peer trading (buying and selling) of decentralized energy
• Machine to machine payments
• Trading on Open Exchanges
Graphic Explained:
Step 1: Someone who desires sustainable infrastructure to be installed on their premise will select the asset they desire, choose the length of time funding should be active for before automatically terminating if the goal is not reached, and the value that needs to be raised will be automatically populated based on cost of hardware, installation, and the recipients location.
Step 2: Via the investment portal, investors will be able to review investment opportunities and filter based on location, cost, forecasted future cash flows, depreciation values, total raised, etc. As much information as possible will be provided to aid the investor. By integrating a machine learning algorithm to record and analyze historic data, we believe that over time data insights will become much more intuitive.
Investors will send funds to the smart contract governing the share issuance for the asset and will automatically receive ownership units (in the form of a tradable Blockchain token, governed by Ethereum smart contracts). If the amount needed to fund the asset is not achieved prior to the deadline then all funds will be returned to investors and the contract will be terminated. If the amount is reached prior to the deadline, the contract will not accept additional funds and ownership units will be minted and accessible to the investors to hold or trade as they desire.
Step 3: All of the funds sent to invest in an asset are held by a smart contract. This completely eliminates counterparty risk. The MyBit platform has no access to these funds, and neither does the person receiving the asset. Upon total value raised, the smart contract will automatically send the funds to the (highly reputable and vetted) hardware manufacturer/installing party responsible for delivery the final product.
Step 4:Once the asset is installed or otherwise up and running, investors will begin to profit from revenue distributions. The investors can choose to hold the tokens and continue receiving shares of the profits, or they can liquidate them at any time on the open market. This creates an immensely powerful tool for investing that provides liquidity from day 1.
Step 1: Someone who desires sustainable infrastructure to be installed on their premise will select the asset they desire, choose the length of time funding should be active for before automatically terminating if the goal is not reached, and the value that needs to be raised will be automatically populated based on cost of hardware, installation, and the recipients location.
Step 2: Via the investment portal, investors will be able to review investment opportunities and filter based on location, cost, forecasted future cash flows, depreciation values, total raised, etc. As much information as possible will be provided to aid the investor. By integrating a machine learning algorithm to record and analyze historic data, we believe that over time data insights will become much more intuitive.
Investors will send funds to the smart contract governing the share issuance for the asset and will automatically receive ownership units (in the form of a tradable Blockchain token, governed by Ethereum smart contracts). If the amount needed to fund the asset is not achieved prior to the deadline then all funds will be returned to investors and the contract will be terminated. If the amount is reached prior to the deadline, the contract will not accept additional funds and ownership units will be minted and accessible to the investors to hold or trade as they desire.
Step 3: All of the funds sent to invest in an asset are held by a smart contract. This completely eliminates counterparty risk. The MyBit platform has no access to these funds, and neither does the person receiving the asset. Upon total value raised, the smart contract will automatically send the funds to the (highly reputable and vetted) hardware manufacturer/installing party responsible for delivery the final product.
Step 4:Once the asset is installed or otherwise up and running, investors will begin to profit from revenue distributions. The investors can choose to hold the tokens and continue receiving shares of the profits, or they can liquidate them at any time on the open market. This creates an immensely powerful tool for investing that provides liquidity from day 1.
Go to Market
Our strategy to bring the MyBit platform to mainstream market begins with pilots in the German market due to their presence as leader in the renewable energy sector. The MyBit platform involves basic partnership agreements with renewable energy hardware providers and utility companies.
The partnership requirements are very minimal to facilitate going to market. To accurately determine usage, MyBit will need access to certain data to create oracles to interact with the DApp. To comply with data privacy laws in the European Union (and elsewhere), consumers will need to agree with disclosing data to utilize the MyBit platform as a financing tool. Utility company partnerships require access to their infrastructure to sell electricity back to grids (and in the future for peer to peer transactions). These partnerships are typically already in place between the renewable energy hardware providers and utility companies so we predict minimal circumstances where we will have to enter into partnerships directly with the utility companies.
Our current expansion plans are to focus on one national market (or large regional market with major economic-hub) for our first large production deployment. At this time, we can confidently predict it will be in the German market. After the successful roll-out in a large market, we will begin aggressive expansion plans with the help of our advisors, partners, and employees. Markets where we have conducted preliminary research that appear lucrative consist of: Western to Central Europe (France, Spain, Germany, Austria, Italy), Scandinavian region, Western North America (Canada, California, Mexico), Australia, and Northern Africa. We are still conducting research on the Asian-Pacific and Middle-Eastern regions.
The partnership requirements are very minimal to facilitate going to market. To accurately determine usage, MyBit will need access to certain data to create oracles to interact with the DApp. To comply with data privacy laws in the European Union (and elsewhere), consumers will need to agree with disclosing data to utilize the MyBit platform as a financing tool. Utility company partnerships require access to their infrastructure to sell electricity back to grids (and in the future for peer to peer transactions). These partnerships are typically already in place between the renewable energy hardware providers and utility companies so we predict minimal circumstances where we will have to enter into partnerships directly with the utility companies.
Our current expansion plans are to focus on one national market (or large regional market with major economic-hub) for our first large production deployment. At this time, we can confidently predict it will be in the German market. After the successful roll-out in a large market, we will begin aggressive expansion plans with the help of our advisors, partners, and employees. Markets where we have conducted preliminary research that appear lucrative consist of: Western to Central Europe (France, Spain, Germany, Austria, Italy), Scandinavian region, Western North America (Canada, California, Mexico), Australia, and Northern Africa. We are still conducting research on the Asian-Pacific and Middle-Eastern regions.
Business Model
For legal structure please see Section 7.1 of the whitepaper
The MyBit platform is designed to facilitate and secure the process of investing in decentralized infrastructure, beginning with decentralized power grids. By enabling investors to easily tap into revenue generating assets that have previously proven burdensome or unavailable, MyBit has the potential to disrupt current models that have limited reach, scalability, and a majority of the money flows to the top. Leveling the “playing field” for everyone is predicted to have extraordinarily advantageous economic and social benefits.
After a successful deployment of the initial MyBit core application in the decentralized power grid sector, entities from other verticals may elect to contract the MyBit Foundation or MyBit.io to design, build, and deploy additional industry-specific implementations. If the MyBit Foundation is contracted, bids will be accepted by any company that meets the requirements. The Directors of the Foundation will make the final decision of what company or group of companies will be hired to complete the work. If MyBit.io is approached directly, they will assess the project scope and enter into a contract if they can fulfill all requirements. If MyBit.io requires assistance, does not have the manpower (at time of contract), necessary operating cash, or believes they cannot fulfill the entire project scope, they will forward the request to the MyBit Foundation.
Revenue from additional implementations or custom projects after the milestones outlined in the crowdfunding terms are completed will be the property of the entity which completed said work. However, this does not mean network participants will not benefit from future functionality updates or industry integrations. Adoption by other industry-verticals resulting from custom integrations, increased ease of use, or functionality components will result in an increase of network users, transactions, and overall usage which in turn results in revenue growth to be distributed among token holders and an appreciation in token value due to the principals of supply and demand.
After a successful deployment of the initial MyBit core application in the decentralized power grid sector, entities from other verticals may elect to contract the MyBit Foundation or MyBit.io to design, build, and deploy additional industry-specific implementations. If the MyBit Foundation is contracted, bids will be accepted by any company that meets the requirements. The Directors of the Foundation will make the final decision of what company or group of companies will be hired to complete the work. If MyBit.io is approached directly, they will assess the project scope and enter into a contract if they can fulfill all requirements. If MyBit.io requires assistance, does not have the manpower (at time of contract), necessary operating cash, or believes they cannot fulfill the entire project scope, they will forward the request to the MyBit Foundation.
Revenue from additional implementations or custom projects after the milestones outlined in the crowdfunding terms are completed will be the property of the entity which completed said work. However, this does not mean network participants will not benefit from future functionality updates or industry integrations. Adoption by other industry-verticals resulting from custom integrations, increased ease of use, or functionality components will result in an increase of network users, transactions, and overall usage which in turn results in revenue growth to be distributed among token holders and an appreciation in token value due to the principals of supply and demand.
Technology
TokenSale Details
Details are available on our website or upon request (for pre-sale discounts). Please monitor https://mybit.io/tokensale for updates.
Team
Advisors
Roadmap
Social
Linkedin: https://www.linkedin.com/company/mybit?trk=biz-companies-cym
Facebook: https://www.facebook.com/MyBitDApp/
Twitter: https://twitter.com/MyBit_DApp
Reddit: https://www.reddit.com/user/MyBit_DApp/
Slack Registration: http://slackin.mybit.io
Slack Channel: https://mybit-dapp.slack.com/
Youtube: https://www.youtube.com/channel/UCtLn7Vi-3VbsY5F9uF1RJYg
Telegram: https://t.me/mybit_dapp
Medium: https://medium.com/@MyBit_Blog
Facebook: https://www.facebook.com/MyBitDApp/
Twitter: https://twitter.com/MyBit_DApp
Reddit: https://www.reddit.com/user/MyBit_DApp/
Slack Registration: http://slackin.mybit.io
Slack Channel: https://mybit-dapp.slack.com/
Youtube: https://www.youtube.com/channel/UCtLn7Vi-3VbsY5F9uF1RJYg
Telegram: https://t.me/mybit_dapp
Medium: https://medium.com/@MyBit_Blog
Translations
(Will be added as completed)
Bounties
For full list please look at the following link: https://bitcointalksearch.org/topic/--1808790
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