Bitrust is a cheap decentralized, simple to use peer to peer cryptocurrency insurance market place that is based on ethereum blockchain. Leveraging smart contract technology. The objective of bitrust is to be cheap for retail digital currency investors with an average monthly trading volume between $100 and $100,000.
The high increase in the number of wallet suggests that more and more investors and coming into the market, thus increasing the liquidity and attractiveness of cryptocurrency investments.
The core problem faced by potential investors when considering investing in cryptocurrency is the heightened risk of loss in value of a particular altcoin. The cryptocurrency market is growing tremendously, with over 1,380 cryptocurrency circulating, according to the business insider, initial coin offering (ICO) raised over $3.5bn in 2017. However the whole market suffers from lack of transparency, limited regulatory oversight, poor due dilligence of investors and no basic form of investors protection. Consequently the value of altcoins is not set by anyone other than the market and its participants, who engage in the process of buying and selling on echange platform.
Commonly peer-to-peer networks involve two or more parties, Bitrust being peer-to-peer network usually engages two or parties in its smart contract. These parties are the buyers and the sellers.
The ethereus smart contract requires consent from both parties before a contact is implemented . In this regard, both sides have to lack their funds before transaction is validated. The funds are temporarily held in the form of either bitrust tokens (BTF) any other permitted digital currency. Once the insurance period epires, the system automatically executes the smart contract. This process block the attempt of been block.
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The Bitrust platform will strive to provide real value to its token holders on the secondary market as well as reward early investors. Therefore, Bitrust will lay a cheap 0.1% fees against the total amount locked as the insurance of the actual BTF smart contract. This discounted change will significantly boost the usage of BTF tokens within the bitrust ecosystem.
To finance the development and support of the BITRUST platform, a limited. Supply sale BTF will be performed, a limited. Supply sale BTF will be performed. The tokens will be created by BTF project limited, a UK-Incorporated company. Bitrust pre-ico phase will last for thirthy(30) days; where maximum of 20,000,000 BTF tokens, equivalent to 1,000eth will be available during the pre-ico phase. Pre-ico contributors will receive a bonus of 100% on every investment. There is no minimum buy of BTF token during pre-ico phase which start on 2nd march 31st march 2018.
The ico phase will last for sixty(60) days but it may end sooner if soft cap reach. The token creation will be soft capped upon receipt ETH equivalent to EUR 6M, fixed at 6,000 ethereum. If the softcap is reached before the end of the planned token creation period, additional contributors will be accepted for a period of 12,000 ETH, upon achieving this cap token creation will stop and no further contributions will be accepted. The ico phase start on 2nd April and continue till 31st of may 2018.
Bitrust have a superb and worthy allocation of token that will be allocated among participants in the ico, the bitrust founding team advisor, and members of the bounty program.
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