Bitnet Token WhitePaper Updated November 29th 2017
BitnetToken 2
A Simple Solution to Bring Cryptocurrencys to the Business World
Join The Cryptocurrency Revolution Bitnet Token Limited Time ICO Token Sale
Copyright 2017 Bitnet Token. All Rights Reserved 3
W h i t e P a p e r
A message from the Bitnet Token Team
The Bitnet Token Team would like to thank you for taking the time to show interest in our ICO. We are eager to make our ideas become a reality and look forward to seeing you join the Bitnet Token Community.
Don't be afraid to give up the good to go for the great. Bitnet Token Team
- John D. Rockefeller Welcome to the Bitnet Token ICO
The Bitnet Token Platform
Roadmap
Token Distribution
Table of Contents Fund Allocation
Market Problem
Why invest in Bitnet Token?
Security
Community
Tokens and Smart Contracts
Bitnet Token Team
Token Sale Details Terms and Conditions/ Legal 5
Bitnet Token is the Future Industry Leading Cryptocurrency Payment Processing Platform. The Bitnet Token Platform allows businesses and merchants to process and accept Cryptocurrency payments with ease at the lowest fees possible. Make payments and exchange between Cryptocurrencys with one-click using our All-in-One Platform.
Our Web, Desktop and Mobile Platform allows instant secure access to all or your Cryptocurrencys with ease. Send and receive Cryptocurrencys without fear. Now there is finally a solution for the everyday user and we cannot wait to release it to the world.
Unlike other ICO's that are promising technology that no one will ever use; Bitnet Token has created an ever evolving platform that can be implemented in the real world to help bring the use and innovative technologies of Cryptocurrency's to the everyday public.
The Bitnet Token platform allows businesses and merchants around the world to accept and receive any Cryptocurrency of there choosing as payment securely. The BitnetToken API integrates with the top Cryptocurrencys and tokens so the user can send and receive using our platform with ease.
The Cryptocurrency Market is set to grow into a Trillion Dollar Industry in 2018.
Welcome to the Bitnet Token ICO
6 Bitnet Token - The Worlds First Truly Process and Make Payments Decentralized All-In-One Super Secure with One-Click Payment Solution for Businesses Send, Receive and Store The Bitnet Token Platform is comprised of 3 main functionaries; - Our Android/iOS application, Cryptocurrency our Web and Desktop Wallet and our Payment Gateway Platform.
The Bitnet Token Payment Gateway Platform Buy, Sell and Trade Cryptocurrency Locally Process and Make Payments with One-Click! Payments Made Easy and Secure End-to-End Community Driven Open With the Bitnet Token Platform you will be able to Instantly make payments for Items online or in Source Platform person at stores, restaurants or businesses of any type.
Users can use there mobile phone or our secure hardware key while shopping and making purchases in person.
Business owners can Instantly receive and confirm the receipt of payments.
Conveniently Manage and Access All of Your Cryptocurrencys from One Application.
Send, Receive and Store Cryptocurrency.
Safely store all of your Cryptocurrency and Ethereum Crypto-assets in one easy to use application. Using our Super Secure Offline Un-hackable Storage for your Cryptocurrencys.
Buy, Sell and Trade Cryptocurrency Locally Trade Cryptocurrencys without the need for an Exchange with other Bitnet Token users.
7 Bitnet Token Android/iOS Application 2 Trillion ($2,000,000,000,000) Market Cap Potential
Android/iOS Application:
Manage all your Cryptocurrency from the convenience of your smartphone.
Store your Cryptocurrencys and Tokens in One Secure Multi-Currency wallet made simple. The Bitnet Token Android app gives you secure access to your wallet and makes it easy and safe to store and transfer value of any form - anywhere, anytime, anyplace, instantly for free!
Diversify your holdings instantly into multiple Cryptocurrencys.
Everything you need in your smartphone: send and receive payments, transfer Cryptocurrencys to others, Cryptocurrency exchange within the app, without the need for an exchange and long registration and Identity verification process.
No setup fees or hidden costs – Completely free an open source code.
Make purchases with multiple Cryptocurrencys of your choice using the all-in-one app.
Bitnet Token is a Community Built in partnership with its users and business owners. The Bitnet Token Platform is completely Open Source and anyone is welcome to make contribution. We value everyone‖s input and ideas and future decisions will be voted upon by BNET Pre-ICO and ICO Token Holders.
8 Bitnet Token Web and Desktop Wallet Current Cryptocurrency Market Cap: $163,539,703,477
Web and Desktop Wallet:
Our Web and Desktop based wallet is Open source and Built and backed by the same technology behind Ethereum. Our Desktop and Web Wallet is widely considered to be one of the most secure digital wallets for storing Cryptocurrency. Your personal wallet is stored on your computer or the web and you‖re in complete control of your private keys and your funds.
Be in complete control over your passwords, private keys and funds without relying on any third-party software.
Store Ether and other digital assets with an all-in-one app to secure, manage and exchange blockchain assets.
Multi-Asset Wallet Including Bitcoin, Bitnet Token, Ethereum, Litecoin, Dash, EOS and more.
Our Web and Desktop wallet encrypts private keys and transaction data locally for your eyes only. Your data remains private - no account setup required.
Our wallet is designed so that people who have never used a Cryptocurrency exchange can easily exchange Bitcoin for Ethereum or Bitnet Token for Bitcoin. We make it simple for the everyday user, in seconds, Cryptocurrency assets are exchanged behind the scenes without the need for a third party exchange or medium.
Our platform allows you to secure, exchange and manage all of your Cryptocurrencys and assets with one simple to use application.
9 Bitnet Token : Android/iOS App Immediately following the Pre-ICO – We plan to begin development on our brand new Android and iOS app.
Send and Receive Payments Send and receive BNET and any other top Cryptocurrencys 98% Of Businesses say they Would Use Check Balances Cryptocurrency if it was easier Monitor your BNET balance and the balance of other Cryptocurrencys Check the Statistics – Cryptocurrency Use Spend Your Coin in trending at all time high. BitnetToken Spend your coin at retail stores and business with the 2018 Join The Revolution! ease of debit or credit card 2017 Secure Your Wallet 2016 Secure your coins in cold offline storage so they are 2015 safe at all times 10 Bitnet Token : Secure Web Application Following our ICO we are releasing the most secure and easy to use Web Application wallet to the public
100% Secure and encrypted web wallet Building wallets on the Ethereum is Now the Most Secure Public Blockchain, Overtaking Bitcoin
Integrates seamlessly with any compatible ERC-20 Secure Escrow Transfers – Ethereum based Token Make large transactions and payments online safely
Keep your Cryptocurrency safe in your wallet or use the Cold storage feature to store your coins offline, Easy to use interface and simple to use for any skill level 11 BitnetToken : Roadmap Take a quick look at some of the plans that we have following the completion of the Token sale.
Alpha Listing BNET Development BNET on Release Launch Beta Exchanges BitnetToken Testing Platform
1 2 3 4 5
Public Release of our Secure We begin Beta Testing We complete a final BNET will be listed on Release of the BitnetToken Web Wallet and Android/iOS our software and alpha version of our all of the top Platform to the Public. All app. platform. BNET Token platform and prepare Cryptocurrency businesses, merchants and holders will get to Beta- it for release to the Exchanges. users will have access The Test. public and distribute to Revolution Begins! businesses. 12 Bitnet Token : Token Sale Roadmap TokenSale Ends Tokens Distributed
Early Adopter Pre-ICO sale starts on November 01 30th, 2017.
02 Bitnet Token Pre-ICO goes live and Bitnet Token you have access to early adopter ICO Begins bonuses. Bitnet Token normal ICO Begins 03 and it’s your final chance to get Bitnet Token at ICO prices. Bitnet Token All token balances in BNET Pre-ICO 04 will be delivered to everyone's Begins wallets Bitnet Token Token Sale ends if supplies Pre-Registration 05 do not run out earlier Begins 13 Bitnet Token : Roadmap Expanded A more detailed overview of our upcoming plans
This Includes the Promotion of Cryptocurrency Adoption Worldwide and the Listing of BNET on all major Cryptocurrency Exchanges.
Q1 Q4 - Secure Web wallet released 2018 2017 - Android and iOS wallet Beta-Testing - Listing of BNET on exchanges. - Negotiations with prominent names in the Cryptocurrency space - Delegate Tokens to Early Adopters and Pre-ICO Token participants. - Fast Track the development of the Development BitnetToken Platform - Continue Development of the BitnetToken Platform
- Secure Hardware key - Make survey of user experiences and choices - Public trading of Bitnet Token on exchanges 14 Bitnet Token : Roadmap Expanded Our plans include expansion; Building Relationships with large organizations and Enterprises; Developing and Beta Testing our Bitnet Token Platform and helping Businesses small and large scale there infrastructure through breaking into the Cryptocurrency Marketplace.
Q2 2018 Q3 2018 Testing and Building Relationships Real World - Approach small and large businesses about an Deployment opportunity to get into the market of Cryptocurrency in there business - ATM Deployment and - Approach large corporations with incentives to production begins use and integrate the BitnetToken Platform into - BitnetToken Platform gets there business put through final real - Release the BitnetToken Platform to be test out world Beta-testing by Early Adopters and ICO token holders. 15 Bitnet Token : Roadmap Expanded Our Bitnet Token Platform is planned for an Official Worldwide Public launch in Q4 2018
Q4 Decentralized Payments in any 2018 01 Cryptocurrency using one easy to use Platform
02 Lowest Transactions fees possible for both the business owner and the Bitnet Token consumer Platform Launch The Bitnet Token platform 03 easily integrates with existing technologies allowing for an We will officially be launching unlimited addition of future developments the Bitnet Token Payment Platform to the public 16 Bitnet Token : Roadmap Expanded Deployment Begins This is just the beginning.
2019 Bitnet Token is
The Future committed to
• Bitnet Token Platform Integration with existing Technologies making • Worldwide marketing campaigns promoting the Bitnet Token Platform Cryptocurrency • Yearly Bitnet Token Expo • Establish relationships with prominent figures in the Crypto-Space in everyday life a • Recruit large businesses and corporations to use the Bitnet Token Platform real thing. 17 Bitnet Token: Token Distribution Below is chart of the BitnetToken BNET Tokensale Token Distribution
45%
20% 25% 5%
5%
2,000,000 BNET 8,000,000 18,000,000 BNET 10,000,000 BNET 2,000,000 BNET held for future BNET reserved available in Main reserved for Early held by Bitnet Token Sales for ICO Bonuses Token Sale. Adopters in Pre-ICO Token
Total Supply = 40,000,000 BNET (Forty Million BNET) Ethereum ERC20 Token 18 BitnetToken : Fund Allocation Below is how we plan to spend the funds we raise for the Tokensale.
Software Development 25%
Operational Overhead 15%
Marketing, promoting Mass Adoption and Recruiting 35%
These funds will be used to further advance Technology Development the existing technologies and create new 25% features and intregratations. These funds will be used to market and promote Cryptocurrency and the Bitnet Token Platform
We will use these funds towards capital Bitnet Token has an ongoing commitment to growing and expenditures related to platform development and business expansion creating long lasting partnerships in the Crypto-community to We will use these funds to help bring establish relationships that further the advancement develop the Bitnet Token Platform Solution. of Cryptocurrency in everyday life. 19 Bitnet Token: Putting the Puzzle Together A Decentralized Platform for Payments and a Platform for Knowledge
6,000,000 BNET BitnetToken (BNET) In ICO Bonuses Pre-ICO starting Price $0.26 3 30,000,000 BNET 40,000,000 BNET 2 4 Available in Token Sale BitnetToken 1 (BNET) Total Supply
With the value of The Bitnet Token Cryptocurrencys purchase price will on the rise, this will gradually increase as be the last chance the ICO progresses to purchase BNET each week. at these prices. 20 BitnetToken : Cryptocurrency Gold Rush Don’t miss the Rocket and join the Cryptocurrency Gold Rush before its to late!
1 2 3 4 5 6 7 8 9 10 Everyone has a story about someone who almost invested $1000 in Bitcoin in 2013 or lost or gave
1 there Bitcoin away when it wasn‖t worth a lot. Cryptocurrency’s are set to become 1 2 a Trillion Dollar Industry in 2018 That person may ever be you – Don‖t let it
3 happen!
4
5 The value of Cryptocurrency’s 2 like Bitnet Token are set to 6 Skyrocket in 2018
7 3% 9% 25% 61%
8 If you bought $1000 of
9 3 Bitcoin in 2013 – You would have over 100 Million dollars Join the Bitnet Token Token Sale Today 10 and get a second chance. Bitnet Token Platform With a decentralized payment platform, the sending and receiving of Cryptocurrencys can be done through one single wallet in a decentralized environment. Users just have to download one application that functions both as a multi-coin wallet and payment platform. This is all that is needed, this makes it very easy to store, buy and sell multiple Cryptocurrencys, while allowing for further functionalities to be built into the application and platform with ease. 22 Bitnet Token: Problems in Cryptocurrency There are many problems business face when trying to enter the world of Cryptocurrency – Here are a few we tried to solve
Accepting Cryptocurrency Security In is to Cryptocurrency complicated to worries me setup
Cryptocurrency is to hard to I don’t know understand where to start
Of Business Owners are Of Business said they would Of Business can benefit for Interested in Learning start accepting Cryptocurrency the investment opportunity 90% More about Cryptocurrency 80% if it were easier to use and 100% understand 23 Bitnet Token: Business Statistics The number of businesses started each day is not slowing down – and we need to rapidly expand the Crypto- Marketplace to meet the demands Only 36% of merchants reporting that they currently accept digital wallet payments in a study commissioned by JP Morgan Chase. While 56% 137,000 of large businesses said New Businesses they accept mobile wallets, are started and only 25% of small everyday! businesses said they accept them.
Merchants are not the only slow adopters. In the same study, only 16% of consumers said they had used a mobile wallet. 24 Bitnet Token: Cryptocurrency Trends Cryptocurrency is on the Rise – Now is the Perfect Time To Get In Join This Trillion Dollar Industry Today!
Bitcoin and Ethereum are here to stay!
1000% 3600%
Blockchain Technology is the 7000% most profitable investment opportunity of 2018 25 Market Problem: The problem is simple; It is too hard for normal everyday people to use Cryptocurrency, and it is too complicated for businesses to integrate accepting Cryptocurrencys into there infrastructure. Business owners have to worry about a laundry list of concerns when it comes to doing something new in there business - let alone worry about all the information and new technology that‖s ever evolving in the Cryptocurrency world. Bitnet Token We are making it as worry-free as possible – so every business from a newly Market opened coffee shop to a large Marketing Firm or large Multi-Billion Dollar Corporation can use and Integrate Cryptocurrency payments into there Opportunity business.
Market Problem, Solution and Opportunity Market Solution: Create a Decentralized Payment Platform that uses API integration so merchants and businesses can accept Cryptocurrencys of there choice without the need for 3rd party intervention. The Platform has been designed to have the lowest network fees possible and allow for an all-in-one solution to manage and be in control of your Cryptocurrencys.
Distributing Payment Gateways and giving access to the Bitnet Token Platform worldwide will allow people from any part of the world to be able to use a fair and impartial service to control there finances. The Decentralized network means that no government or entity is in control of your funds or its value. The funds are solely controlled by the user/owner – and the value is determined by the community and users who buy, invest and use the Cryptocurrencys. 26 What is the Market Opportunity? Accepting Bitcoin will gain you recognition as an early adopter. The community of Bitcoin users is rapidly growing and is passionate about driving widespread adoption of Bitcoin. Users are constantly looking for places to spend their Bitcoin, and accepting Bitcoin will open your business‖s doors to these new customers. The value of Cryptocurrency is ever rising – this makes Bitnet Token an amazing investment opportunity.
Bitnet Token has a great team with an incredible breadth of experience; we are engineering a blockchain agnostic setup, prepared for the future and a community Bitnet Token focused Cryptocurrency and Platform
Token Sale Pre-ICO and ICO Token sale BNET holders with have voting rights, enabling a fair and community-controlled milestone approval. Community All tokens are to be distributed to participants after the token sale closes. vote controlled Secure and encrypted end to end communications allowing users to participate and communicate anonymously
Everyone‖s voice will be heard – Big Investors will have a big voice in the community – But small investors will be heard also. We value the opinion of all of our investors. Invest today and help in the making of decisions tomorrow
Limited Token Supply – Don‖t get left behind If you invested $1000 in BTC in 2010 you would be worth over 100 million now! 27 Bitnet Token: Statistics
The predictions and forecast for Cryptocurrency in 2018 is the Highest anyone has ever seen!
1 Trillion
137,000 Dollar 500 Million
New Businesses BNETs expected Started Every Day Market Cap Market Cap in 2018
Cryptocurrencys are headed toward a $1,000,000,000,000,000,000 Market Cap in 2018 1% 1000% Less then 1% of Businesses Average Cryptocurrency Investment ROI are Utilizing Cryptocurrency in (return on investment predicted in 2018) there Business 3600% expected average increase BitnetToken ICO Page # 28 Bitnet Token : Security and Trust
Your privacy and security is our #1 priority. We plan to use and exceed all the latest security standards and develop new applications to make using Cryptocurrency in everyday life more safe.
Bitnet Token is built on the Ethereum Platform. Ethereum was chosen for its stability, simplicity and security.
Also he his male air bring is Signs first Creepiest.
Bitnet Token has the great security ERC20 Ethereum Token and anonymity of all the leading Security crypto currency's but it is controlled The BitnetToken Platform innovates by a free, easy to install emerging blockchain technologies for app/platform which gives instant access to BitnetToken with no card logistics and applies them. details or ID. 29
Help Spread Cryptocurrency Worldwide 30 Bitnet Token : Community When you join the Tokensale – You become part of the BitnetToken Community.
Community Forum Knowledge Center Support Team
Dedicated Development Team 31 Join the Bitnet Token Community?
BitnetToken is focused around creating a community and listening to the community to make the best products available
1 Create community Forum
2 Token holders vote on important matters
3 Create BitnetToken Knowledge center
Of Token Holders Get a Knowledge base points The Crypto-Market is set to Vote in upcoming will be covered in the explode over 7000% 100% developments 300+ Knowledge center . 7000% Always be on top of the latest news and trends by A platform truly built for the We plan to make it easy for being a member of our users and businesses by even the most novice user community – Email with input from users and get into using and accepting newsletters, weekly blog businesses. Cryptocurrency. posts, daily updates 32 Bitnet Token: Worldwide ATM Distribution As part of our effort to help bring Cryptocurrency in the real world a reality, we will be distributing and developing Cryptocurrency ATM’s and donating them around the world to selected locations.
ATM‖s will also be donated to Donated ATMs will select shopping centers and work with our new large areas/ platform to allow to purchasing and ATM‖s will be donated to selling or multiple ATM‖s will be donated 100% locations voted upon by Cryptocurrencys Free of charge to help BNET Token Holders promote Cryptocurrency in areas we think could benefit the most. 33 Bitnet Token: Token Sale
Building the most user friendly, simple to use and most cost effective Payment Platform
We are aiming to become the # 1 Cryptocurrency platform with the absolute lowest fees for both the user and business. We plan to eliminate all third party intermediaries so that you can pay that absolute lowest fees on any transactions large or small. This is especially a concern for small transaction that we plan to address. Develop a unique secure online wallet platform where you sell and trade different Cryptocurrencys between users without the need for an exchange.
Bitnet Token is launching a Secure Escrow service for small and large transactions. We are developing the most secure and safe platform on the market for sending and receiving Cryptocurrencys. A unique utility token like Bitnet Token provides a secure layer of protection from the market volatility.
We plan to use a network funded platform that would allow for lightening fast transactions, as well as keep the transaction fees as low as possible for both the business/merchant and user.
The Bitnet Token Team is continually dedicated to building lasting long-term partnerships with other projects and developers. We will continue to support the Ethereum ecosystem and other applications within it. 34 Bitnet Token: Why invest in Bitnet Token and Cryptocurrencys
Cryptocurrency is a better way. Cryptocurrencys are not controlled by an any organization or individual. We currently rely on banks to keep that ledger up to date. If the bank goes bust with our money on their ledger then we might well say goodbye to the money. Certainly the bank will charge you (or the receiving party) for digitally transferring your money. With a Cryptocurrency everyone who uses the currency has a copy of the ledger. No one person or organization is in control of the ledger. All the currency rules and regulations are clearly defined and the currency system itself is open source. This means that everyone who is using the currency is controlling the currency, but there is nobody in charge. The Cryptocurrency manages itself. This sounds fantastically complicated – and it is, however just as you don‖t need to understand how an iPhone works to gain great benefit from it, the same is true of Cryptocurrencys, and they are getting more accessible with each forward step of the technology. Why not use a bank? Being able to transfer money to someone else without having to use a bank dramatically reduces the complexity and increases the speed of international transfers. This makes international trade easier and cheaper. With the amount of fraud that is reported online people are fearful of entering their financial information to make purchases, especially for small, low cost items. Cryptocurrencys can be anonymous, and protect the payer and payee. There are over a billion people in the world that do not have access to a bank, and yet they have access to the internet. There are over 2 billion people in the world without a bank account, and mobile devices and internet access are growing fast. 35 Bitnet Token: Why invest in Bitnet Token and Cryptocurrencys (continued)
Cryptocurrency‖s allow you to store value securely, privately and digitally. Move that money around the world almost instantly with zero cost. There are over 210 million people who use PayPal to make internet transactions 1 – even though they have a working bank card that they could use to make the payment directly. They chose PayPal for additional security and convenience. Cryptocurrencys offer a higher level of security and anonymity without requiring a bank to be involved.
This new technology has exciting implications for businesses!
36 Bitnet Token: Why invest in Bitnet Token and Cryptocurrencys (continued)
Since blockchain records can‖t be modified, this technology is ideal for recordkeeping purposes. It‖s also ideal for auditing purposes. Companies in the financial services and healthcare industries have been exploring using blockchain technology. In financial services, blockchain can be used to transfer money without paying fees to a middleman, among its other uses. In healthcare, blockchain can be used to securely store and transfer sensitive patient records.
Cryptocurrencys are digital, alternative currencies. They‖re not issued by authorities like central banks. Instead, they‖re decentralized. They‖re peer-to-peer currencies, so people can electronically send payments to each other without involving a middleman. Cryptocurrencys use cryptography as their main security feature. Cryptography means the information is encrypted.
Cryptocurrencys are recognized at an international level. That means people in different countries can send money to each other without worrying about exchange rates. For companies who do business internationally, this could be an attractive alternative to traditional money transfers.
Bitnet Token: Tokens explained
Ethereum is a decentralized platform on which smart contracts are executed . So, the above definition makes it clear that Ethereum is not a digital coin (the native cryptonet of Ethereum is called ether). In other words, Ethereum is a piece of code that could automatically transfer ownership of the home to the buyer and funds to the seller after reaching an agreement, without the need for a third party.
For its part, Token is generally defined as a thing that serves as a representation of something else. In blockchain , a token often represents a financial value or a digital asset , similar to how casino chips symbolize or represent fiduciary money just to be able to use them in different machines and games of chance. Having these clear concepts, it turns out that Ethereum tokens are simply digital assets that are built on top of the Ethereum block chain . Developers benefit from Ethereum's existing infrastructure to build their applications, unlike developers who choose to build a brand new block chain. At the same time, tokens strengthen the Ethereum ecosystem by boosting the demand for ethereum's native ether, which is needed to drive the smart contracts on which tokens are issued.
Ethereum tokens can represent anything from a physical object like gold (Digix) to a native currency used to pay transaction fees (Golem). In the future, tokens can even be used to represent financial instruments such as stocks and bonds. The properties and functions of each token are completely subject to the use that is established for them: they can be used as payment to access a network or for decentralized governance over an organization, among many other possibilities.
Tokens are often issued to the public through a general or open sale called the Initial Currency Offer (ICO). The creators of the ICO will issue tokens to others in exchange for ether or bitcoin and also of other criptomonedas. They may have a fixed supply, a constant rate of inflation, or even an offer determined by a sophisticated monetary policy. There have been many ICOs recently and in a short time they have completely changed the way projects are funded. There is no mandatory distribution requirement, although if you are building a decentralized application ideally you would want the tokens to be owned by as many people as possible. 38
Bitnet Token Decentralization
39 Bitnet Token: ERC20 Token
Read below to understand a little bit more about BitnetToken and ERC20 Tokens. ERC20 is a standard interface that guarantees interoperability between tokens. The ERC20 tokens are simply a subset of Ethereum tokens that conform to certain parameters
ERC20 enables seamless interaction with other intelligent contracts and decentralized applications in the Ethereum block chain. Tokens which with some (but not all) of the standard functions are considered partially compatible with ERC20 and could still interact depending on what functions are missing. In general, an ERC20 token is not unlike any other token , but also fits the standard token of Ethereum.
ERC stands for "Ethereum Request for Comments”. This is an official protocol for proposing improvements to the Ethereum network. '20‖ is the unique proposal ID number. ERC20 is actually a standard that tokens on the Ethereum network can meet, and tokens that check all the necessary boxes are deemed ―ERC20 Tokens‖. These tokens are blockchain assets that have value, and can be sent and received, like Bitcoin, Litecoin, Ethereum, or any other Cryptocurrency.
The difference between these tokens and a standalone currency like Litecoin is that ERC20 tokens piggyback on the Ethereum network, hosted by Ethereum addresses and sent by Ethereum transactions. 40 Signing Agreements with Vendors Through Smart Contracts
Signing agreements with vendors would usually require a lawyer to draw up a contract for you and your client to sign. This can be an agreement for an exchange of service and money, complete with the agenda and timeline. You would wait for the contract to be finalized, parties to sign it, and it would get notarized. Then you would do the work and expect payment to arrive. If the other party didn‖t pay you as agreed, you would then go back to your lawyer to bring suit against the other party.
Smart contracts change all of that by making it simpler.
Blockchain technology makes smart contracts possible — these are digitally-signed agreements to execute certain things when certain conditions are met. You create it with the services you will provide, the mutually agreed upon Cryptocurrency amount and the deadline for the service to be completed. Once submitted, the contract cannot be altered, and copies will be hosted across all the nodes in the blockchain, so that it‖s completely accessible at any time. Because the contract is on the blockchain, it is monitored to be sure the service promised is delivered.ROAD Then when the service is provided, the Cryptocurrency is exchanged on SCOPE the due date without anyone having to4 do anything to start the process.
There are services to enable businesses and individuals to execute legally-binding smart contracts, which dispenses with the need for middlemen, such as lawyers, and eliminates the possibility of breaking the contract.
41
Cryptocurrency and Bitnet Token
The opportunity is now. Do not miss it again! Cryptocurrency makes investing seem much less absurd or boring. From 2011 to 2013, the value of a single bitcoin rose from $2 to $1,242.
Lower transaction fees. The lack of a central intermediary dramatically reduces transaction fees. Small businesses accepting credit card payments often face fees of around 25 cents for each card swipe, plus 2 to 4 percent of the transaction total. These costs add up, which is why smaller stores often have credit card purchase minimums. Merchant protection. Cryptocurrency‖s decentralized setup also protects merchants from fraudulent chargebacks. The transactions, like cash, are final, because no third party can reverse charges.
Increased sales. Cryptocurrency‖s decentralized nature enables small businesses to expand and open their doors to international buyers for whom their products and services were once inaccessible. For example, a small electronics retailer reported selling $300,000 worth of merchandise to nearly 40 countries by accepting bitcoin.
Catering to consumer preferences. Accepting Cryptocurrency offers another advantage by giving customers an additional way to pay, while providing an extra layer of protection for their information. 42 Bitnet Token: Reasons your business should accept Cryptocurrencys 1. No fees If your 2 to 3 percent merchant transaction fees are a drain on your cash flow, then Cryptocurrency has you covered. Cryptocurrency transactions typically cost between 1 percent and zero. That's no typo. You can send or accept Cryptocurrency‖s as payments with no fees attached. Since Cryptocurrency‖s don‖t require a bank to verify each transaction, you don't have to sacrifice your own revenue to the financial institutions that own your business loans or credit cards. However, you'll often have the option to pay an extremely small transaction fee, which can speed up your processing.
2. No wait Maybe those fees aren't bothering you, but waiting around for your money to arrive in your bank account does. Because there's no centralized institution that checks every bitcoin transaction -- its underlying technology, blockchain, does it for you -- there's no need to wait nearly as long to receive your payment. Bitcoin transactions are processed quickly, usually in a fraction of the time credit card transactions do. You can charge a customer, go for a walk around the block and receive your money. Bitcoin is that fast.
3. No borders If you export your goods and services or purchase supplies or materials from abroad, then Cryptocurrency is a great solution for dealing with foreign transaction fees, exchange rates or currencies. Why? Because Cryptocurrency‖s are global currency‖s, not tied to a single government or company, it ignores border restrictions. As long as your customers or suppliers accept Cryptocurrency, you're good to go.
4. No payment disputes Even though Cryptocurrency‖s are digital, it works more like cash than credit. Cryptocurrency transactions are final and can't be contested by a customer on the basis that he or she, for example, didn't enjoy the service you provided. If you have trouble with customers disputing their credit card payments, then accepting Cryptocurrency could help.
5. An investment opportunity Like other currencies, bitcoin and other Cryptocurrencys are on an uptrend trend for value – So there has never in existence been a better investment opportunity this is right now with Cryptocurrency‖s Bitnet Token: Team 43
Why we are anonymous: I think most of us in the Cryptocurrencys community can agree Bitcoin would not have been able to get where it is today without the anonymity of its creators. One of the initial reasons for bitcoins creation in the first place was anonymity. We plan to embrace to original concept.
We want to remain anonymous because of all the recent restrictions imposed21% by governments around the world. We want to be able to work and develop or projects without the fear of any The example text outside intervention or news laws restricting possible developments. goes here.
We want to create a TRUE decentralized platform that is controlled or subject to the laws of any government. The BitnetToken users and community will govern the platform. And we believe this is the way of the future if things are to truly expand. One of the initial reasons for bitcoins creation in the first place was anonymity. We plan to embrace to original concept.
The Bitnet Token Team consists of 4 Core members and has a total of 33 members and contributers.
The Bitnet Token Team was hand recruited by Founder and consists of some of the most brilliant minds in the industry.
The team members are 100% trusted, have previous accomplishments, and will always remain the Core members of the Bitnet Token project. Building Trust That Matters Token Sale Terms Token Sale Terms
The Pre-ICO Crowdsale will begin at 12:00AM UTC on November 30th, 2017 and end at 12:00AM UTC on January 15th, 2018, or when all of the Pre-ICO Tokens have been sold, whichever is earlier. Bitnet Token The price of 1 Bitnet Token (1 BNET) during the Pre-ICO will be 0.26 USD Token Sale 1 BNET = 0.00002646 BTC or 1 BNET = 0.00053751 ETH 0.1 BTC = 3785 BNET 1 ETH = 1858 BNET (ETH and BTC values updated daily) Pre-ICO and Token Sale Details The Main ICO Token Sale begin at 12:01AM UTC on January 15th, 2018 and end at 12:01AM UTC on March 30th, 2018, or when all of the Main ICO Tokens have been sold, whichever is earlier. The price of 1 Bitnet Token (1 BNET) during the Pre ICO will be 0.41 USD
In order to be eligible to participate in the Crowdsale, you must comply with all the terms and conditions. You may not participate in the Bitnet Token Crowdsale if you are a resident or domiciled in or purchasing Tokens from a location in any of the following jurisdictions: USA, Canada, China or UK. BTC and ETH are the only currency which will be accepted for Tokensale purchases. We will provide you with the address to which BTC and ETH payments must be sent, after you signup. Please note: You must send BTC and ETH from a wallet in which you own the private key to. DO NOT send BTC or ETH from an exchange.
Token Sale Terms
Your Bitnet Token Account Balance will be updated with your Token Balance within 24 hours. Tokens will distributed after the Main-ICO Token sale is complete after we have a functioning product or service in place. (Wallet, Application, Bitnet Token Platform) Projected Token Distribution Date: April 2018 We are distributing the Tokens once the Token sale is over to protect its value on Exchanges, and to ensure that we have a functioning product that can actually used on a functional network.
Bitnet Tokens will be used within our Wallets, Applications and Platform, and once we have a Bitnet Token function product ready to be released to the public in which the Bitnet Tokens can be functionally utilized, the Token distribution will be begin over the period of a couple days. Token Sale By making a deposit you agree that you are Donating BTC or ETH to support the Bitnet Token project and cryptocurrency community, with no expectation of profit from the efforts of others.
Pre-ICO and Token Sale Details All project time-frames are estimates and Bitnet Token will do its best to complete the project checkpoints in a timely manner. By participating in the Bitnet Token Crowdsale you are bound by the agreement that there is no expectation of profit from the efforts of others. By participating in the Bitnet Token Crowdsale you are bound by the agreement that you are donating BTC or ETH to the Bitnet Token Project. By participating in the Bitnet Token Crowdsale you are bound by the agreement that Bitnet Tokens (BNET) will distributed at a later date once a functional product is ready to be released to the public.
By participating in the Bitnet Token Crowdsle you are bound by the agreement that you are participating in a simple agreement for future tokens. Bitnet Tokens are in no way to be considered securities. Bitnet Token has done its best to accurately represent our brand, product and vision. Some aspects, features or timelines stated may or may not be included in the final product or plan. Bitnet Token reserves the right to change our timeline and plans at any time. By participating in the Token Sale and Donating BTC and ETH to Bitnet Token you are bound by the agreement that you will not hold Bitnet Token liable for breach of contract, false advertising, and fraudulent or negligent inducement.
Pre-ICO
Token Starting Price: 1 BNET = $0.26 usd Amount on offer: 10,000,000 BNET Pre-ICO start date: January 15th 2018, 12:00am. UTC End: March 30th 2018, 12:00am. UTC Minimum purchase amount: 0.001 BTC or 0.01 ETH worth of BNET Maximum purchase amount: No limit on maximum purchase amount.
On November 30th 2017 at 12:00am UTC The Bitnet Token Pre-ICO will go live. Bitnet Token Each BitnetToken token will be sold for $0.26 usd, meaning that $0.26 usd will enable you to purchase 1 BNET token. There will be a minimum pledge amount of 0.001 BTC or 0.01 ETH to participate in the BNET Token Sale tokensale. Each purchase will have various bonuses which will be in place during the Pre-ICO sale for early adopters.
There will be a cumulative maximum (hard capped limit) of 40,000,000 BNET tokens in the BitnetToken Pre-ICO and ICO sale. The total amount of BNET tokens distributed during the pre-sale and during the ICO Pre-ICO and Token Sale Details to the general public together will constitute 90% of all BNET tokens. The remaining 10% of BNET tokens will retained for marketing, future token sales and incentives. The cumulative hard cap is the approximate funding which is needed for the realization of the BitnetToken plans. We will recalculate the hard cap in according to the latest exchange rate as at the date of Pre-ICO event. The hard cap is set at $10,000,000 respectively. There will be no further BNET tokens created after the ICO - the amount will be capped as per this document.
Main ICO
Token Starting Price: 1 BNET = $0.41 usd Amount on offer: 40,000,000 BNET (including bonuses) Main-ICO start date: January 15th 2018, 12:00am. UTC End: March 30th 2018, 12:00am. UTC Minimum purchase amount: 0.001 BTC or 0.01 ETH worth of BNET Maximum purchase amount: No limit on maximum purchase amount. Distribution Structure
90% of all BNET tokens will be for sale to the public between the phases of the ICO pre-sale and the ICO sale to the general public.
The remaining BNET tokens will be retained by the Distributor, and will be used for various purposes such as, early adopter Bonuses, community initiatives, business development, academic research, education Bitnet Token and market expansion.
Token Sale Details of the distribution of tokens:
Pre-ICO ICO Affiliate referral program. Token Distribution and Bonus Schedule Bonuses for early adopters and ICO investors
No further BNET will be issued after the ICO period is over. This is a limited time offer.
BNET ICO Bonus Schedule When you make a purchase, bonus tokens will be allocated on top of the BNET tokens that you have just acquired. For example, if you have committed to buy 100 BNET tokens within the first 24 hours of ICO, you will receive 40 BNET tokens as a bonus, so 140 BNET tokens would be your total.
Bonus Tokens will be displayed in your Bitnet Token Account within 24 hours.
After the token has been listed on major exchanges, the BNET tokens market price will be highly dependent on the underlying business performance, as well as the company's future growth perspectives on the medium to long term horizon. Bitnet Token ICO Bonuses
Bitnet Token Pre-ICO Token Sale Token price: 1 BitnetToken (BNET) = $0.26 USD Total BitnetToken Supply: 40,000,000 BNET Pre-ICO Starts: November 30th, 2017, 12:00am. UTC Pre-ICO End Date: January 15th, 2018, 12:00am. UTC+1 Minimum purchase amount: 0.001 BTC or 0.01 ETH Maximum purchase amount: No maximum limit Each Bitnet Token (BNET) will be sold for $0.26 USD
If you deposit more then 0.2 BTC or 4 ETH you will receive the following bonuses: First 15 days - 15 % Bonus Days 16 through 10 - 20% Bonus Days 31 through 5 - 10% Bonus
Bitnet Token ICO Bonuses
If you deposit more then 0.2 BTC or 4 ETH you will receive the following bonuses: First 15 days - 30% Bonus Days 16 through 30 - 20% Bonus Days 31 through 45 - 10% Bonus
Big Investor Bonuses: $2,000 to $5,000 - 10% Bonus $10,000 to $50,000 - 20% Bonus $100,000 to $400,000- 30% Bonus + Gold BNET Token $1,000,000+ - 40% Bonus + VIP Gold BNET token
51 Bitnet Token : Tokensale Bonuses
Below is a chart of the Token Sale Bonuses
Token Sale Bonuses Less that 0.2 BTC or 4 ETH Over 0.2 BTC or 4 ETH
First 15 days 15% bonus 30% bonus
Days 16 through 30 10% bonus 20% bonus
Days 31 through 45 5% bonus 10% bonus
Pre-ICO Bonuses available for a Limited Time – Or until Supply runs out 52 BitnetToken : Tokensale Bonuses
Below is a chart of the Token Sale Bonuses
Big Investor Bonuses Amount Bonus
$2,000 - $5,000 usd 10% Bonus
$10,000 - $50,000 usd 20% Bonus
$100,000 - $400,000 usd + Gold BNET Token 30% Bonus
$1,000,000+ usd + VIP Gold BNET Token 40% Bonus
Top investors will receive a 24k Gold plated BNET Token as a “token” of our appreciation
Pre-ICO Bonuses available for a Limited Time – Or until Supply runs out Big Investors Bonuses are available throughout the duration of the Pre-ICO and Token Sale Bitnet Token Affiliate Referral Program
We strongly encourage wider token distribution and in the effort to incentivize the market to achieve this in a straightforward manner, we have allocated 15% of the total supply of BNET to the community members who help to spread the message and garner more participation in the Bitnet Token Token sale. Affiliate Referral Program Percentage of 20% of the total deposit of the referred user is awarded. To encourage wider token distribution and in the effort to incentivize the market to achieve this in a straightforward manner, we have decided to allocated 15% of the total supply of to the community members who help to spread the message and garner more participation in the Bitnet Token crowd sale. We at BitnetToken appreciate the efforts and work that goes into promoting an affiliate link. We plan to reward those who refer people to the join the token sale very lucratively. To encourage the growth of our community, BitnetToken has opened up an affiliate program, where you can promote your affiliate link, and any member that signs up under your link, you receive 20% of there entire deposit in BNET, BTC or ETH. Check out the details of our affiliate program below. Registration in our affiliate program is open to anyone. You get a 20% reward on the entire deposit made from your referrals! You can collect your reward in BNET, or you can choose to withdraw your reward in BTC or ETH, at your choice immediately after your referral makes a successful deposit.
Bitnet Token Affiliate Referral Program
Join to earn BNET, BTC or ETH today! 1. First register an account on BitnetToken. If you don‖t have an account yet, please Click Here to signup now. 2. Login to your BitnetToken account; once you are register and login, you will automatically be generated a unique affiliate link that you access at the bottom of the membership page. 3. You can copy your affiliate link and share it with your friends, followers or email list. 4. Every time someone signs up using your affiliate link and makes a deposit, you earn 20% of the entire deposit! 5. Affiliate earnings are updated every 24 hours, and are available for withdrawal immediately. 6. You can choose to receive you reward in BNET or you can withdraw in BTC or ETH also!
Your affiliate link is located at the bottom of your account once you login and are in the members area. 55
QUESTIONS?
Contact us at: [email protected] 56
Bitnet Token Team would like to thank you for taking the time to participate in our ICO
We value your investment and plan to make an impact in the world of Cryptocurrency.
Thank-you
Bitnet Token Team CEO and Bitnet Token Team T E R M S A N D CONDITIONS AND LEGAL Legal Disclaimer
Please read the following notice carefully before proceeding to read this Whitepaper document issued by Bitnet Token. This notice applies to all persons who read this document. Please note this notice may be altered or updated.
The Whitepaper does not constitute any relations between you (hereinafter – “you” or “Holder”) and the Distributor. Acquiring of the BitnetToken tokens is available only after accepting the Terms of tokensale (hereinafter – “T&C”). Acquisition of Bitnet Token tokens does not present an exchange of Cryptocurrencys for any form of ordinary shares of the Distributor and a Holder of BitnetToken tokens is not entitled to any guaranteed form of dividend, Holders of BitnetToken tokens are only entitled to certain rights within the T&C.
Bitnet Token tokens are not intended to constitute securities in any jurisdiction. This Whitepaper does not constitute a prospectus or offer document of any sort, and is not intended to constitute an offer of securities or a solicitation for investments in securities in any jurisdiction.
This Whitepaper is for information purposes only. The contents of this Whitepaper are not a financial promotion. Therefore, none of the contents of this Whitepaper serves as an invitation or inducement to engage in any sort of investment activity. Legal Disclaimer – Page 2 Prospective acquirers of BitnetToken tokens should carefully consider and evaluate all risks and uncertainties associated with the Cryptocurrencys, BitnetToken and their respective businesses and operations, the BitnetToken tokens and the BitnetToken Initial Coin Offering. Familiarize yourself with all the information set out in this Whitepaper, Risk Notice and the T&C prior to any purchase of BitnetToken tokens. Ensure that you are aware of all of the would be risks prior to obtaining Bitnet Tokens. The Risk Statement details all potential risks that you should consider. We recommend that you seek out independent financial advice before engaging in any sort of business endeavor.
ICO Bitnet Token Risk Statement No regulatory authority has examined or approved any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements, or rules have been complied. To the maximum extent permitted by the applicable laws, regulations and rules, Bitnet Token and its affiliates and their respective officers, employees or agents will, in relation to the website and Bitnet Token, not be liable for any damages of any kind, including, but not limited to, direct, consequential, incidental, special or indirect damages (including but not limited to lost profits, loss of revenue or third party loss whether foreseeable or otherwise, trading losses or damages that result from use or loss of use of the website and Bitnet Token Tokens).
For the avoidance of doubt, The Distributor expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in this document, (ii) any error, omission or inaccuracy in any such information, (iii) any action resulting therefrom, or (iv) usage or acquisition of products, available through the website. Legal Disclaimer – Page 3
You acknowledge and agree that you are not purchasing BitnetToken tokens for purposes of investment, speculation, as some type of arbitrage strategy, for immediate resale or other financial purposes. Some of the statements in the Whitepaper include forward-looking statements which reflect the Distributor's current views with respect to execution roadmap, financial performance, business strategy and future plans, both with respect to the Distributor and the sectors and industries in which the Distributor operates. Statements which include the words ''expects'', ''plans'', ''believes'', ''projects'', ''anticipates'', ''will'', ''aims'', ''may'', ''would'', ''could'', ''continue'' and similar statements are of a future or forward-looking nature. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause the Distributor’s actual results to differ materially from those indicated in these statements. These factors include but are not limited to those described in the part of the T&C entitled ''Risks'', which should be read in conjunction with the other cautionary statements that are included in the T&C. Any forward-looking statements in the Whitepaper reflect the Distributor’s current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the Distributor’s operations, results of operations and growth strategy. These forward-looking statements speak only as of the date of the Whitepaper.
Prospective buyers of the Bitnet Token tokens should specifically consider the factors identified in the Whitepaper and T&C which could cause actual results to differ before making a purchase decision. No statement in the Whitepaper is intended as a profit forecast and no statement in the Whitepaper should be interpreted to mean that the earnings of the Distributor for the current or future years would be as may be implied in this Whitepaper. Legal Disclaimer – Page 4
Results may differ materially from those indicated in these statements. These factors include but are not limited to those described in the part of the T&C entitled ''Risks'', which should be read in conjunction with the other cautionary statements that are included in the T&C. Any forward-looking statements in the Whitepaper reflect the Distributor’s current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the Distributor’s operations, results of operations and growth strategy. These forward-looking statements speak only as of the date of the Whitepaper. Prospective buyers of the BitnetToken tokens should specifically consider the factors identified in the Whitepaper and T&C which could cause actual results to differ before making a purchase decision. No statement in the Whitepaper is intended as a profit forecast and no statement in the Whitepaper should be interpreted to mean that the earnings of the Distributor for the current or future years would be as may be implied in this Whitepaper.
Citizens, residents (tax or otherwise), or green card holders, of the United States of America are ineligible to purchase any Bitnet Token tokens in the Bitnet Token Initial Coin Offering (as referred in this Whitepaper). The same pertains for residents of the Republic of Singapore, Canada, UK and Hong Kong.
This Whitepaper, or any part thereof, as well as any copies, must not be taken or transmitted to any country where distribution or dissemination of this Whitepaper is prohibited or restricted. Bitnet Token
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