Bitdepositary is being developed as the first ever platform and app able to make an expert out of anyone willing to learn about digital currencies. It works just like the FOREX market in a fashion since it takes the hardships of doing your research about ICO's that could hold down your interest to place an investment on them, and transfers the responsibility to someone else. The company offers rewards to their team of experts tasked with studying and analyzing each new ICO initiative that goes up for sale, making the ecosystem the new stop for new investors to learn as much as they can about the offerings available in the market and how solid are they.
All the transactions handled within the Bitdepositary app will be handled using the BDT token. As always these financial instruments have two distinctive functions: to give users the ability to manage their investments once the platform is running, and to gather funding to finish the development of the app.
The company currently plans to generate 1 billion BDT tokens using the ERC20 protocols offered by Ethereum. The current sale structure is to offer 60 million units on a closed presale where the invited customers can join with 10 $ in our open ICO and actually 0.10 $ with 30% Bonus. An open presale will follow shortly under the same conditions.
A month later a public sale will take place with 630 million BDT tokens offered. The minimal investment will be of $10, and the maximum will be of $150. The current plan is to take the payment for the tokens on Ethereum, Bitcoin, Litecoin, Bitcoin Cash, Cash, EOS and Paypal. The sale event is soft capped at $1 million and hard capped at $50 million.
The distribution of the token will go as it follows: 75% will be allocated for the different sales, 20% will be used for marketing purposes such as referral and bounty programs. The final 5% will be distributed among the developing team. It's important to notice that the team will generate and distribute the number of tokens bought in the sale and the rest will be burned after the sale process is completed.
The allocation of the funds after the sale is completed will go as it follows:
35% of the money will be used for marketing purposes. The company already has laid out a strategy for the marketing plan on their white paper, but the most significant part that stands out is Pay-per-click strategies focused on social media venues
30% will be used to build the sales force to work the marketing strategy and further development of the blockchain connectivity required for the main platform, as well as completing the work on the app.
20% of the funds gathered will be used to build the public profile of the company and trade in exchange and stock markets.
10% of the money will be used to create the network to work with FIAT financial instruments such as credit cards.
The final 5% will be used to handle the legal formalities with the markets the company engages with, as well as all matter related to business developments on the legal front.
If you wish a more detailed explanation of the business plan of Bitdepositary, you always visit their website at https://bitdepositary.io/.
