Topic: 🌟[ANN]🌟[ICO]🌟 BTRIC - The Decentralization Revolution is Now! - page 2. (Read 919 times)

Hi All,

We've posted a new blog article on our Medium site tonight.

Pineapples and Ecstasy: Charitable Giving in the Bitcoin Era
https://medium.com/btric/pineapples-and-ecstasy-charitable-giving-in-the-bitcoin-era-45683de6df61

Thanks for your support!

Best regards,
Ben

Hi All,

Please note that there are some reported issues with the integrity and/or business practices of the new operators of EtherDelta.

It now appears that ForkDelta, newly-created, apparently in part, because of these issues, is a better initial choice to allow BFD holders to trade the token.  We are interested in any feedback from the community about this.

BTRIC will monitor the situation and will provide updates in advance of any listings.

If you have any questions about this or anything else, please reach out.

Best regards,
Ben

Hi All,

The following article, written by BTRIC's Chairwoman, Terri Lei Beideman, has just been posted to our news and updates blog:

Women, Baby Boomers, and Diversity in Cryptocurrency and Emerging Technologies
https://medium.com/btric/women-baby-boomers-and-diversity-in-cryptocurrency-and-emerging-technologies-1e4b75b81237

Thanks again for your support!

Best regards,
Ben

Hi All,

The following article has just been posted to our news and updates blog:

Why You Should Support BTRIC as a Founding Donor or by Joining our Team
https://medium.com/btric/why-you-should-support-btric-as-a-founding-donor-or-by-joining-our-team-6e0f206ba7e4

Enjoy!

Best regards,
Ben

Thank you gloomyz!

Yes this is the part that is easy to misunderstand.  There is ongoing rewards for those that hold BFD Tokens.

Our structure of a 501(c)(3) charity that creates businesses was carefully thought through in consideration of applicable laws and regulations.

The businesses that BTRIC creates will NOT be non-profits, they will be completely separate businesses.  The non-profit is the business incubator.  Basically, the incubator exists in order to create better ICO/ITO offerings.  I think we've all seen a good amount of half-baked ICO/ITOs.  That's one of the main things we are trying to improve.  When projects complete the incubation process, they'll be top-shelf ICO/ITO offerings, fully investment-grade and ready for rapid growth.

The reason to be a BTRIC Founding Donor and contribute to the BFD Token fundraising campaign is because BFD Token holders will be rewarded in some way by each project that emerges from the incubation program.  Oh, and the tax deduction doesn't hurt either.

Hope this explains how it works a little clearer.

Best regards,
Ben

Thank you MrSpasybo!

We put a lot of thought in how to deliver value to our token holders over the long-term.  Having spent much of my professional career managing non-profit organizations, I knew the hybrid-model of incubating projects inside the non-profit and then divesting them as separate business entities will be a clear advantage to our token holders, especially with benefits for each project to launch.  We have three projects described in the white paper and hope to be able to announce a few more during this launch fundraiser.

Thanks again for your feedback!

Best regards,
Ben

overall  I agree with this idea,make a better world. but with non profit project,is that possible? i mean that we need make a little profit to make a project continuity.
but beside that i really agree with this project. good luck

The most detailed ANN I have ever seen, you must have a clear strategy to contribute to the crypto market. Waiting for your internet 3.0 and your ICO.

Hi All,

A number of people and businesses have asked about the utility value of the BFD Token on an ongoing basis.  Though it was discussed in the whitepaper, the value of the BFD Token itself was not conveyed as clearly as it could have been.  Our organization is a hybrid 501(c)(3) that divests businesses as separate entities when they've completed incubation, so it is structurally a little different from ICO or ITO offerings you may be accustomed to.

To make this clearer, and to explain the value of being a BFD Token holder more clearly, please note that the following has been inserted into our announcement thread as well as the white paper.  If you have any questions, please feel free to PM me or contact me as shown in the first post on this thread.  I am available to discuss any aspect of BTRIC and the BFD Token fundraising campaign.

Best regards,
Ben


Ongoing rewards for BFD Token holders (revised on January 18, 2018)
In addition to being listed as a Founding Donor on our website and in our promotional materials (if you choose), BFD Token holders receive an additional, ongoing benefit.

An important benefit for holders of BFD Tokens is that they will be rewarded in some form by each project that completes the BTRIC Project Incubation Program.  For example, when we issue the “BTRIC Coin” (working name) token or cryptocurrency in the second quarter of 2018, all those holding BFD Tokens at the time/date of a “snapshot” (to be announced in advance) will receive a grant of BTRIC Coin.  You can read more about that in our white paper.

However, this is not limited to the issuance of our “BTRIC Coin”.  Every project that completes incubation and is divested from BTRIC as a separate business will have a publicized “snapshot” date/time.  All BFD Token holders as of that time/date will receive some benefit from the business that graduated from the incubation program as a separate business.  In this way, you are rewarded by every project that completes the Project Incubation Program for being among the first to support our organization.  One of the conditions for acceptance into BTRIC’s Project Incubation Program is that the project agrees to provide some reward or benefit to donors to their project, which specifically includes all BTRIC Founding Donors.

Because the projects vary in their business models, and will also vary in the jurisdictions they do business in, this reward will vary from project to project.  It could include (subject to applicable regulatory and legal requirements):
   • Credits for use of their product or service;
   • Free “not-for-resale” products;
   • “Airdrop” coins or tokens;
   • Buyback of coins or tokens; and/or
   • Equity in the newly-created business.

By getting on board now as a BTRIC Founding Donor, you will receive benefits from each project that completes the BTRIC Project Incubation Program for as long as you continue to hold BFD Token.  If you transfer your BFD Token, the benefits will be given to holders of BFD Token as of the next “snapshot” time/date.

Hi All,

BTRIC is pleased to announce that we've been awarded the GuideStar Platinum Seal of Transparency.  You can read our announcement about it on our news and updates blog at:

Blockchain Technology Research Innovations Corporation earned GuideStar Platinum Seal of Transparency
https://medium.com/btric/blockchain-technology-research-innovations-corporation-earned-guidestar-platinum-seal-of-b2ab26549b7

Thank you all for your support of our BFD Token fundraising campaign!  It is only through the support of Founding Donors that we'll be able to accomplish our mission and bring great ideas to the marketplace.

Best regards,
Ben

Thank you very much dorismak!

We are poised to accomplish great things.  This is a unique opportunity in world history to make a difference in ways that will outlive all of us.  Bitcoin has proven that the control that banks have had over our lives, our businesses, even our governments, will and IS slipping away.

More people see that their lives have been managed by "gatekeepers" and the Internet makes those structures ripe for dismantling.  Even better, people are ready for it as well.  They see the truth, the traditional gatekeepers are no longer needed and for most, no longer wanted.

Technology, economics, and societal attitudes have come together at this moment in history.  We either seize it or we don't, and I'm of the mind that we need to make the absolute most of this chance to bring society to the next level.  Both in developed countries and also in the developing world which has been held back, in many ways, by forces of a corrupted form of capitalism.  We support true, free-market capitalism and want to do our part in bringing down the corrupted form and promoting fair, honest, transparent free-market economies.  Bitcoin proves it can be done.  Now we do it everywhere, with the many applications that distributed ledgers can be applied towards.

I'd be happy to answer any questions you have about our organization.  Feel free to reach out.

Best regards,
Ben

Hi Mlester,

Thank you for your interest in our organization!

Currently our BFD Token IDO fundraising campaign is in progress, so the full supply of BFD Tokens are stored in a secure paper wallet in our custody.  After the sale concludes (which may be sooner than February 15 at the current rate of contributions), we will distribute all of the BFD to those that contributed.  Our white paper says within 10 days from the close of the IDO, but it will very likely be done on or before February 19, which is the Monday after the IDO ends.

We are working with EtherDelta to ensure that our donors are able to exchange BFD tokens after they are distributed.  We are open to suggestions from our donors on other exchanges to ensure that donors are able to exchange their tokens easily.  Some of this cannot be announced in advance due to NDAs that they require.  But on our side, at BTRIC, we will do whatever we can to ensure that the token is listed on global exchanges as well as regional exchanges if there is sufficient donor interest in that region.

Now, an important factor to keep in mind is that all that hold BFD Tokens will be given a grant of "BTRIC Coin" (working name), which will be either a different token or a cryptocurrency, when it launches in the second quarter of 2018.  This is different from BFD (BTRIC Founding Donor) Tokens, and we are not sure yet which platform it will be issued on (if a token), or which codebase it will be forked from (if a cryptocurrency).  We are going to consult with crypto engineers on the mechanics of the BTRIC Coin, we want to make the right design decisions for a secure and resilient token or currency.

However, to repeat, all BFD Token holders will be given a grant of the BTRIC Coin when that launches.  This will not be an exchange, you'll be able to keep your BFD Token.  We want to reward our Founding Donors for supporting our organization in its initial launch phase.  Besides the BFD Token, founding donors can also have their name/business name, logo, and website forever listed on our website and recognized in our materials as founding donors.  We are in this for the long-term, and want our Founding Donors to be recognized as the leaders of the industry in bringing about this organization.

We also welcome participation from our donors and the community at large in our projects and even in our governance.  Our mission for BTRIC is to create an organization that:

- helps promising projects become investment-ready businesses (BTRIC Project Incubator Program);
- advances causes that are for the common good of the emerging technology industry (such as advocating against regulations that would harm the industry, educational outreach, and promoting more women and diversity in projects and as users of crypto and other emerging technologies);
- researches solutions to problems faced across the field (BTRIC Labs).

As a non-profit charity, we are formed for the good of the entire ecosystem.  Our projects graduate from the incubator program and become separate businesses.  We see it as a way to take a project from a "great idea, let's make it happen" phase to the "investment-grade, ready to launch" phase.  Like a traditional business incubator, but focused on emerging technologies like cryptocurrency, distributed ledger, and IoT.  These are the technologies that are going to reshape society, we want to do our part to make that happen!

If you have any more questions, please don't hesitate to ask.

Best regards,
Ben

This is an astonishing total supply, with that limited amount of total supply, i think that would be a good exchange rate.
In which market do this market is available to be trade?

This looks like a good project. went through this thread and I have to admit it is well detailed and describes very well the fundraising and distribution process

Hi, wafdawg,

Thanks for your interest in our organization.

For the BTRIC Founding Donor Token (BFD), We have EtherDelta in process.  We are also working on other exchanges and want to seek feedback from our donors as to their preferences.  Some of the exchanges we are talking with require that we not discuss them by name (and also sign an NDA) until the listing is active or they reserve the right to ban the token.  Do you have particular exchanges that you believe are essential?  We want to be responsive to our donors.

As far as "BTRIC Coin" (working name)... this is a cryptocurrency or token that will be issued in 2018 Q2.  All holders of BFD Token as of a snapshot date/time (to be publicized in advance) will be granted an amount of BTRIC Coin for each BFD they possess at the time of the snapshot.  We do not yet know if BTRIC Coin will be a cryptocurrency with its own blockchain or will be a token, and if so, what platform it will be deployed on.  We are going to consult with advisors concerning the stability and resilience of the Ethereum platform as we do have some concerns about both.  Also, if we do deploy our own blockchain, again, we are going to do so under advisement of experts.  We do not want our organization to make a poor decision and cause harm to our reputation, so that's something that will be carefully considered as we move towards the launch of the coin.

If you have any more questions, please let me know.  Have a great day.

Best regards,
Ben

After the fundraising, which exchange platform will be prepared?That is the most important thing for investors.

Thank you very much. Yes we have spent a lot of time focusing on the best way to deliver real value to our donors and others in the emerging technology community.  Being able to focus on aspects that aren't often considered and implemented as well as they need to be has given us a great perspective on how to do this.  One example is the need for projects to have a close examination of how their project is governed. It needs to be sufficient but not overbearing -- more fluid and dynamic approaches that remain focused on the goal and mission can be the key that separates a successful project that delivers from one that is "a great idea", but had stumbling blocks.

Best regards,
Ben

Hello SeveralQ, thanks for adding our organization to your website.  Considering your site is for due diligence, would it be appropriate for us to add material to the page?  Or should it come from other members in the community?

In any event, if you need any information about our organization, please feel ffree to reach out on here or by email to me directly at [email protected].

Please have a great day!

Best regards,
Ben

Thanks pangu, I appreciate that.  Looking at the CoinMetro white paper very briefly, I completely agree with the need for cryptocurrency to become much easier to use from an end-user perspective.  If crypto is going to replace much of banking, it needs to be at least as easy to use as a payment card.  In my view, that's the bar that must be met or exceeded in order for the paradigm-shift to really take hold.

I recognize that's a huge challenge and that it's really the trillion dollar opportunity, but eventually crypto must work as quickly and reliably as a card swipe.

I wish your project the best and will be reviewing the white paper more fully later today.

Best regards,
Ben

this project is very confident with the concept, this is great for further development, with ambition big enough, of course must finish mission well, I think will not disappoint, good luck