ICO Project Bit World Exchange (BIW)
Tokensale Start: 23/12/2018
Tokensale Finish: 30/01/2019
Bit World Exchange is a trading platform where users can use the functions of both centralized and decentralized databases. Users will be able to create a trading team and receive investments from other users, or invest in selected trading teams themselves. Before choosing a trading team, the user will be able to view their profit report.
Business Model Overview Bit World Exchange (BIW)
1. The validity of income
The project will receive revenue from fees charged and the provision of membership to users. Token holders will be able to receive income weekly and will be able to vote on the platform. They will also be given a 30% discount when withdrawing commissions. The BIW token will be used to pay for all services and perform operations on the platform. The authors of the project will use 80% of the profit from commissions to encourage users to exchange information and generate high-quality content.
2. Number of currencies accepted
The project accepts such liquid currencies as: BTC, ETH, USDT, BCH, NEO, ETC, BTG, DASH, LTC.
3. Token emission
In the project there is a limited number of tokens. A total of 10,000,000,000 BIW tokens will be issued (p. 7 White Paper).
4. Discount on the purchase of tokens
Discount on the purchase of tokens is 30%.
In the flow chart provided, the project objectives are indicated until the end of 2019 (p. 11 White Paper). The distribution of tokens will occur as follows: 30% - “User incentives”, 3% - “Project consultants”, 50% - “Allocated for ICO”, 9% - “Project Team”, 8% - “Developers” (p. 7 White Paper).
6. SOFT CAP / HARD CAP Ratio
The project has an excellent SOFT CAP / HARD CAP ratio, which positively affects its investment attractiveness. The values of SOFT CAP and HARD CAP are $ 5,000,000 and $ 20,000,000, respectively.
7. MVP availability
In the project flow chart provided, there is no information on MVP.
8. Risk assessment and insurance
There are no risk assessments according to international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of capital loss for investors.
Criteria of accordance to the international standards of business-planning of UNIDO and EBRD