ICO Project EarnsBit (ESBIT)
Tokensale Start: 03/08/2019
Tokensale Finish: 18/08/2019
EarnsBit is a platform through which users can carry out cryptocurrency activities. The platform is capable of processing more than 1 000 000 transactions per second. Using Blockchain technology will ensure the security of users' personal information. Thanks to this program, users will be able to earn bonuses.
Business Model Overview EarnsBit (ESBIT)
1. The validity of income
The project will receive income from commission fees. The withdrawal fee will be from 0,002 BTC to 0,005 BTC. Users can also receive 20 ESBIT tokens when registering on the platform. Up to 55% of the revenue received, the project team will be distributed among the token holders. Token holders also receive a 55% discount on commission fees.
2. Number of currencies accepted
The number of accepted currency flows in 3 liquid currencies: BTC, ETH, USDT.
3. Token emission
The project has a limited number of tokens. A total of 200 000 000 ESBIT tokens will be issued.
4. Discount on the purchase of tokens
The discount on the purchase of tokens is 50%.
The provided technological map shows the project objectives until December 2019 (p. 14 of the White Paper). After the ICO, developers of distribution funds as follows: 40% - “Liquidity”, 20% - “Regulation and legal expenses”, 10% - “Marketing”, 25% - “Operating expenses”, 5% - “Reserve”.
6. SOFT CAP / HARD CAP Ratio
Estimating the SOFT CAP / HARD CAP ratio is not possible because the project does not have the SOFT CAP and HARD CAP values.
7. MVP availability
The project has a developed MVP, which is available at https://earnsbit.com/exchange/ETH-BTC.
8. Risk assessment and insurance
At the same time, however, there are no risk assessments according to the RSM standard, as well as methods of escrow, for example, escrow, which increases the risk of capital loss in current tokens.
Criteria of accordance to the international standards of business-planning of UNIDO and EBRD