Topic: Statement on BTA/BTC market removal Bittrex.com (Read 179 times)

October 15, 2017 | Bata Cryptocurrency (BTA)

Bata has been traded on Bittrex since 11/20/2015.

October 3rd 2017 - a market deletion notice appeared on the Bittrex exchange for the Bata market.

Bittrex asked Bata development to explain the shares concept - referring to a testing announcement Profit Shares. Explanation was provided directly to Bittrex contacts.

Bittrex asked why Profit Shares was not considered as a security. Then proceeded to ask for a lawyer's memo.  Bittrex requested that a US Attorney was required to issue the Memorandum.

It was made clear to Bittrex that Profit Shares is an independent project from BATA. Profit Shares is not a token. It's a private crowd-funding platform.

We advised Bittrex that V1 Profit Share is not part of Bata cryptocurrency development project. This made no difference as then they proceeded to ask for a legal analysis on Bata, including clear details on how it will remain separate and independent from the Profit Shares Platform.

We advised Bittrex that if the Bata developers paid for a security analysis on Profit Shares then the Bata project would no longer be separate, but a vested or interested party. Bata is separate from Profit Shares Platform and shall remain a separate project.

After discussing with the Bata Dev team, various lawyers in Australia who also had offices in the USA, were contacted. The estimated legal expenses to initiate the process to satisfy Bittrex demands were not feasible, and there was no certainty that a positive and timely resolution would be possible.  The Bata development team along with the Bata community's support have decided that development funds would be invested in strengthening the Bata development project.

Bata is a decentralised open source cryptocurrency project.  Bata development is made up of a small  team. No development funds were ever acquired, or requested. The members of the development team provide their own time and own funds for development.

Profit Shares Platform is a closed source project under development by Biznatch Enterprises.

Please withdraw all your BTA to an official wallet or other exchange/s as previously advised.

Official wallets are available on https://bata.io/wallets
Please visit our website for a list of 11 other exchanges. https://bata.io
 
Bata Cryptocurrency
Bata is an open source cryptocurrency that has been developed to replace trade dollars in a traditional barter system, changing way the way we trade, by introducing Barter on the Blockchain.  Barter Currency on a blockchain, decentralized, secure and widely available in the form of Bata, replacing a company issued trade dollar.

Bata is traded under the symbol BTA on multiple cryptocurrency exchanges around the world.

Contact Information: 

Bata cryptocurrency project  - [email protected]
Website: https://bata.io   


Profit Share Platform

Working towards collaboration with other blockchain projects to create a unique decentralized equity crowdfunding network. A project with nearly 10 years of private development using unique side-chain technology that can perform secure smart-contract agreements between investors and start-up businesses and their contractors. A proof of concept has been scheduled to be performed in the near future, once successfully tested and peer reviewed, will seek regulatory approval worldwide.

 Telegram: https://t.me/joinchat/GNJg7BBcs7g_DTDK844J0A
Website: http://profitsharesplatform.net  (unfinished)