Topic: [ANN][ICO] Bither Platform: 3-layer, MultiMining & Optimizing Energy Consumption - page 4. (Read 1773 times)

The total supply of Bither coins is 200 Million which 76.5 percent of that will be mined gradually for 25 years. 5 percent is reserved for team and project development, 15 percent for pre-sale and the rest 3.5 percent is for marketing.

For being non-monopoly of the platform, the Bither team decided to pre-sale only 15 percent of total coins and the major part considered to be mined. This 15 percent in the ICO is to accelerate the project to its goals and to achieve its programs for community development and also to grow up more technical features.

We specified several incentivizing programs for Bither platform which are as follow:
1.registring on bither.one and trying your chance of getting up to 25 Bither in every two hours
2. Referral program in which you receive equal to 25% bonus of your referrals rewards in free Bither faucet.
3. The ICO’s referral program:
Receiving 6% of purchased BSKs and BRPs
4. The ambassador’s program:
If you find yourself qualified for this role, you can register at bitherplatform.world and receive its rewards.

The “Bither Stock” network is an internal network on the second layer. Shortly after the setup of the main network, the developer team will set up the Bither Stock network on its basis. The aim of Bither Stock is to create a system based on blockchains, in the form of a blockchain holding-company and in order to provide the possibility of leasing a part of the hashing power of the network.

 This internal network has a fixed number of coins, all of which will be released at the beginning of its operation. For example, for projects that need a larger amount of computing power in a given period but do not have the possibility to obtain and keep supercomputers, Bither Stock can be a good choice. The initial contributors play an undeniable role in the development of the Bither network. With their support and trust in the technical team, they allow the network to grow and mature. As a reward, a quarter of Bither stock tokens will be dedicated to them.

The owners of Bither Stock are shareholders in leasing hashing power (based on the second layer), which will have a lifetime fixed income on a weekly basis. These transactions take place using “Rental Processor” that is a token on the third layer of Bither. It is considered as the network currency for internal transactions toward leasing hashing power. The price of hashing power in the Bither Stock network will be depending on supply and demand, and a 2% commission will be taken for each transaction. This amount will be saved at a fixed address that can be checked by everyone and the total received commission will be distributed among shareholders (according to the ratio of their share to the total one hundred million tokens). This distribution will be done on a weekly basis with Rental Processor as the currency (a minimum will be defined).

Only 5 percent of total supply is considered for software and commercial development of Bither Platform team. Obviously, this 5 percent will not be distributed rather simultaneously according to a five-year obligation of Bither team for developing the network. Therefore, the distribution Will be conducted in ten six-months intervals.

Thanks for your feedback.
With the help of community, We hope to help the adoption of Bither platform around the world. Our main goal is to use Bither Platform’s features and make it a practical Blockchain-based solution for people’s everyday life.

Could you please explain in more details about Bither Stock and rental processor?

The project soft-cap is to distribute 20 million BTR that the network can be launched with the raised supported funds. The main team considered different matters for their costs. The soft-cap is the minimum cost according to the white-paper. Thus, the quality and time are two substantial factors, not only for software codes and administrative operations but also are very critical for marketing and the five-year plan. Consequently, the project will be operational with the minimum funds that have been raised.
According to the plan and future programs, the Bither team prefers to reach the hard-cap for the project and believe the project has the potentials to reach it.

The hard-cap of the project is to distribute 47 million BTR tokens. Definitely, that is included the share for Bither team and the share for marketing.

The network of the Bither Platform is very suitable for any project needs a new blockchain technology with three-layered structure and is capable to run smart contract codes. On the other hand, we anticipate a good persuasion of miners because of the multi-mining, hashing power leasing and the specific capabilities of Bither Platform network.
The scientific and research projects that need a large scale computing power, can acquire this power from Bither Platform network very easily.

Thank you for your interest in the Bither Platform project.
There are two ways to implement an ICO in the Bither platform. Like projects such as Ethereum, NXT etc, Bither also provides the possibility of creating any subchain. However, in the standards visible in the exploration of the Bither platform, these projects are shown with the color yellow. The solution put forward by Bither is to define ICOs by the color green and placing them among standard projects. ICOs that are categorized by this color, are ICOs in which the main team has based the project plan on smart contracts (in the modular model) and this project plan is not editable. Obviously, no project can have two different project plans. People who are interested in the project can check the validity of the project plan that has been based on smart contracts, by comparing it with the project plan presented in the project’s website or its official portals. In the event that the developing team finishes one stage of the project, this process is confirmed by the token holders’ vote, a percentage of the raised funds (that have been stated for each stage by the core team at the time of pre-sale) will be released to be used for implementation and progression of the next phase. In case of a pre-stated period (for example two months ago at the time of pre-sale with contributors’ knowledge) passing from the time of completing a stage and not sending the trigger (for finishing that stage) by the developing team, a vote will be taken to automatically refund the investors. Also, in cases that the completion of a phase is not confirmed at every stage by token holders, voting for refunds will be activated.

As regards one of your 10 key features on your Bither platform, I saw a very important point, which I would like to ask from you.
It's the 8th feature, which is on prevention of fraud during ICO.
How do you intend to help out on that?
Does it mean you want to help other ICOs to prevent fraud?
Or you want to protect the interest of investors from fraudulent ICOs?
Kindly explain, thanks.

it is true that 10 percent of total mining rewards in Bither Platform goes to masternodes, but it must be noted that no hashing power is dedicated to miners by masternodes.

Masternodes are responsible for supervising and doing specific computing which is automatic and smart and will distinguish Bither Platform from other blockchains.

Thank you for your interest in the project and welcome to the community.
The team members are obligated to prepare all the required infrastructures of Bither Platform to become worthwhile and to get its real place.

Bither Platform is not a practical product to be profitable. It is a technology and an upgrade to blockchain technology. On the other hand, the community and decentralizing is the matter and is very important. Bither Platform will not sell a commercial product in the future for its ROI and profitability of the project.

 Some projects run through a company in this atmosphere and their goals are profits for their products or services in a specific time. Though, the base projects like Bither Platform must not be compared with those projects.

Anyway, it might be considered that Bither Platform has many capabilities and capacities for growing up in the market. Bither delivers good solutions for present blockchains' issues. Thus, the miners and investors who have chosen the Bither Platform do not see the short-term profits and by considering the capacities of the network they see long-term aspects.

 A major percentage of the funds in the first year which is raised by the project enthusiasts will be used for software developments and also for introducing its features more. The rest will be used for training, summits, meetups, and conferences around the world in a five-year plan to make an active and expert community around this project.

Due to the undeniable role of first participants regarding the development of the Bither network (which paves the way for the network to grow), and to thank them, a quarter of Bither Stock and Rental Processor tokens will be distributed between them.

Why it is simultaneously being pre-sale for three coins?

Currently, the excitement of projects and ICOs (that have been grown like mushrooms) are subsided and it is a good opportunity for more applicable projects to be emerged, be seen and be evaluated precisely.

 Bither is a platform to develop the technology and not for only developing the applications of industries.

Therefore, Bither Platform will take blockchain technology one step forward besides to answer to large scale computing power needed by projects. Furthermore, Bither is a comprehensive platform to provide all necessary solutions for a company like a holding to get all its requirements only from this network.


Bither is a good opportunity to absorb miners into a network to trust for their incomes. Consequently, Bither is seen as a big chance by miners, projects and original cryptocurrency communities.

Bither Foundation LLC is registered in Georgia (CRN: 406207974; Date: 18th April 2017). The company’s headquarters are located at Tbilisi, Georgia.

Georgia has been proven as a crypto friendly country and a blockchain advocate. Furthermore, Georgia is a leading country for the mining of cryptocurrencies. According to the majority of Bither Platform coins which are mineable, this would be a great situation for attracting miners and increasing the network hash rate.

The Bither Platform's main goal is to provide a new blockchain technology in order to solve the current technology issues and challenges. The main team of the Bither has been working full time for two years on operating protocols of this network.

Where is the location of companies who supports Bither and when did they registered?

Bither Platform network is an ideal place for scientific projects to rent the needed computing power for big data processing or for miners to lease their extra hashing power. As a matter of fact, the total hashing power of miners does not need to secure the network rather a fraction of it through the protocol is needed.  

The innovative method used in the Bither platform is as strong as other PoW-based networks. Therefore, Bither is a step further with PoW by optimizing the energy consumption for proof of work mechanism. By the way, Bither will not use the total energy for securing the network, so the extra computing power can be used by scientific and academic projects.

There are many discussions about the total energy used by the Bitcoin network; Is it as much as the energy used for printing, supply and transferring the bank notes or not? Some people do believe it by statistical calculations and some people do not. Of course, we have energy consumption concern in PoW-based systems but don’t want to get into it and say which parties are right (we are favoring PoW, though.);  Bither will help to optimize about 85 percent energy used for PoW.

Another important note in the PoW system is that it relies on miners' presence and work on the network, which makes them vital to PoW based systems, and they are around as long as the mining is economical. As we saw recently by falling the Bitcoin price and with high network difficulty, many miners especially households, turned off their equipment because of unprofitable mining. This would lead only a few miners to go through industrial scale with cheap energy and this will not bring a comprehensive decentralization to PoW systems.

Bither Platform has come out with a solution so it concedes the miners to be able to lease their extra hashing power even in bear markets through the third network (Rental Processor) without any problem to take their equipment on and operational. This feature will keep miners in the network and creates a new source of income for them.

The return of investment (ROI) in the cryptocurrency market depends on supply and demand capacity. It is the foundation of a healthy market, so the Bither team cannot say the exact value of ROI because they have nothing to do with market manipulation. As the main network will be launched soon that have many capabilities,  the Bither team members and the consultants of the project, and people who they are in contact with, are very optimistic about the value of the coins.

 One reason for that is the anticipation for the involvement of a large number of people, cryptocurrencies communities, and the high chance of mining by a lot of miners and even users (because of its multi-mining feature that is predicted to absorb mass hashing power to the network) for buying and selling the network coins.

It would be very likely that the team gives their predictions regarding the project to the investors! Therefore, the investors should evaluate their ROI and profits through the capability, performance and the ranking of Bither project in the future.
The team members are obligated to prepare all the required infrastructures of Bither Platform to become a successful project in every aspect.