Introduction of biticoin whitepaper
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This document introduces the Bit-I-Coin (BTI) cryptocurrency platform. Key points include: - BTI is a new cryptocurrency generated from Bitcoin code with the goal of developing blockchain technology and a digital currency for Asia. - It uses the SHA256 algorithm and proof-of-work/proof-of-stake blockchain. There is a total supply of 27 million BTI coins, of which 7 million will be issued in the initial coin offering. - The core of BTI is trading bots that will use artificial intelligence to analyze markets and social media for automated trading, aiming for 40% monthly returns. - An ICO will be held from February 1-March 15,
Introduction of biticoin whitepaper
- 1. INTRODUCTION OF BIT-I-COIN PLATFORM : Transaction Code : BTI Algorithm : SHA256 Blockchain : POW/POS BTI Max Supply: 27.000.000 BTI BTI ICO Supply : 7.000.000 BTI Block Space : 2 minutes Block Reward : 50 BTI Open Source What is Bitcoin? Bitcoin is a peer-to-peer electronic cash system. It is a consensus network that enables a new type of payment method and a completely digital form of money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is perhaps best described as ‘cash for the Internet’. Who invented Bitcoin? Bitcoin‘s inventor, Satoshi Nakamoto, outlined what Bitcoin is in the original 2009 Bitcoin whitepaper—a document which created the roadmap for Bitcoin. To date, this is still the most simple and accurate description. Bitcoin is also known as digital cash, cryptocurrency, an international payment network, the internet of money—but whatever you call it, Bitcoin is a revolution that is changing the way people think about and use money. Why Bitcoin?
- 2. The beauty of Bitcoin is that it requires no central servers or third-party clearing houses to settle transactions – all payments are peer-to-peer (P2P) and are settled in about 10 minutes – unlike credit card payments, which can take weeks or months before they’re finally settled. All Bitcoin transactions are recorded permanently on a distributed ledger called the “blockchain” – this ledger is shared between all full Bitcoin “miners” and “nodes” around the world, and is publicly- viewable. These miners and nodes verify transactions and keep the network secure. For the electricity they use to do this, miners are rewarded with new bitcoins with each 10-minute block (the reward is currently 12.5 BTC per block). The Bitcoin protocol is also hard-limited to 21 million bitcoins, meaning that no more than that can ever be created. This means that no central bank, individual or government can come along and simply ‘print’ more bitcoins when it suits them. In this sense Bitcoin is a deflationary currency, and as such is likely to grow in value based on this property alone. Bitcoin is still a cutting-edge experiment in technology and economics, and like the worldwide web in 1995, its myriad potential, purposes and applications are yet to be decided. Is it just electronic money? A foundation for smart contracts and electronic shares? Is it underground and subversive, challenging the power of governments, or will it integrate into mainstream finance and go unnoticed? If you know the answers to any of these questions, or if you can figure out how to capitalize on them there may be many lucrative opportunities for you in the Bitcoin space.
- 3. Introduce New Digital Cryptocurrency Coin From Bitcoin Platform BITICOIN Bit-I-Coin is a cryptocurrency generated from bitcoin code hatching aimed at developers to develop blockchain technology for creative economic in asia particularly and the digital cryptocurrency world in general. Bit-I-Coin (BTI) is a token based on SHA256 blockchain platform and inherits technologies and advantages of Blockchain technologies Bit-I-Coin Projects Goal is Create a Welfare of the World People Through Educated Crypto Community With All in One Transactions in a Fair Governance System. The Bit-I-Coin platform makes transaction safer with blockchain and faster . Bit-I-Coin holders can trade or bet asset tokens on the BIT-I-COIN platform and manage their portfolio. It gives a transaction
- 4. function, access to credible asset data stored on blockchain and portfolio analysis tools on the BIT-I- COIN platform. The core of Bit-I-coin are BTI trading bot. We will research to integrate Blockchain technology to create a bot which increase their revenue automatically on the coin exchange floors such as: bitfinex, bittrex,poloniex,Hitbtc.With the Blockchain technology combined with artificial intelligence technology, a perfect tradecoin software will be born and become smarter.With the usual trade bot ,it only analyse on chart. But BTI trading bot can bring remarkable and exactly result. BTI AI will not stop learning from the chart many coin exchange floors,automatically scan all the information on social networks like twitter,bitcointalk,facebook then combined with chart to make the most accurate predictions about the future price fluctuation of a digital currency.So the profit can reach 40% /month in 2018 and higher in 2019. BTI aims to bring a passive income to every participant without any financial risks. We use BTI token for fundraising from potential investors. From this move, we aim to build a strong community of participants, thus bring wealth to everyone thanks to an attractive, safe, and innovative lending policy. BTI provides a simple, fast, secure means of payments with high liquidity. Most importantly, it is risk-free and anonymous.
- 5. ROADMAP Jan- Desember 2017 : Token building, Blockchain , Premine coin, January 2018 - February 2018 : Marketing campaign,Target one million member and $100/BTI 1 February 2018 – 15 march 2018 : Initial Coin Offering (ICO). March 2018 : Opening office & Announce official version of Biticoin trading Bot. March 2018 : Windows/Mac wallet launch. March 2018 : iOS/Android wallet lauch. April 2018 :BitIcoin internal exchange, $10->$100/coin is targeted. Lending program started with 40%/month profit lending. May 2018 Soft launching & Press Conference June 2018 Education Center July 2018 Mining Platform August 2018 : List on Coin Directory - Coinmarketcap / Trading on trade exchanges (Coinexchange.io, Cex.io , livecoin). September 2018 : E-commerce Platform, 500 listed Merchant October 2018 Multicurrency Trading Platform November 2018 Multicurrency Mining Platform December 2018: Research and develop Biticoin blockchain December 2018 : $250/coin price is targeted.
- 6. Token Sales CAMPAIGN : 27 million token in total, 7 million token issued at the ICO. The starting date for the ICO is 1/02/2018 and divided into 6 periods of ICO with 750.000 token/week. Starting price of the first day during Pra_ICO is 0.2 $/token.