**BITHEMOTH ICO**

**BITHEMOTH ICO** | Ecency

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Greetings,
‌Through this article I want to introduce you to the Bithemoth project

Bithemoth is targeting an inexperienced, public investor audience with vague but grandiose promises. The wording on their social media and medium articles is very basic and addressed to an audience unfamiliar with blockchain or the industry. When explaining your platform, please don’t start with Satoshi Nakamoto. None of their promised features are revolutionary or not yet implemented by other exchanges or blockchain asset solutions. The website mentions that BHM is a great investment both short and long-term several times and tries to convince the amateur investor with blockchain jargon and a 50% buyback of all BHM tokens. No mention of how this buyback process will go if the hard cap is not reached. The team addresses some market inadequacies in their pitch deck, none of which are actually still prevalent. Direct quote:”Current exchanges are severely lacking in many aspects: Confusing U.I.’s. Nonexistent customer service. International and multilingual support. Poor exchange security. Tedious and long setup processes and wait times. Scalability.” While particular exchanges excel more in some aspects than others, all of them are addressing these shortcomings.

The market analysis lacks proper competitor and market research. Mentioning that “Our major competitors from our analysis are Binance, Bitfinex, Bittrex, KuCoin, Altcoin Trader and Luno.” Is not competitor analysis. The whitepaper and one-pager include the token allocation. Unfortunately, the amount allocated to marketing is less than that allocated to the founders. 5% to 6.25% and there is absolutely no mention of what is done with the money taken in during the ICO and pre-/fire sales. The Bithemoth team has blended their token distribution into their token allocation resulting in a useless model.

Bithemoth Expert Review

The Bithemoth explainer video
The Bithemoth team lacks essential industry experience. BHM is the first blockchain related project for the majority of the members and they are not advised by any seasoned industry veterans to make up for this absence. Several of the members — including the CEO — have between one and 50 LinkedIn connections and some of the devs are simultaneously working on other projects striving to achieve the same goal as Bithemoth. Muhammed Nagy with Bixer PTE Ltd. for example. Any conflict of interest here? I am sure there would be if this could be considered a serious project.

The marketing and business strategy are nonexistent. This is actually not a problem in my eyes as the amount of tokens allocated to the business development and marketing is minuscule. No need to plan for something that you’re not intending to pursue. The roadmap is inadequate at best and lists nothing more than inconclusive milestones. There is no GitHub code base available. Bithemoth is one promise away from a scam.

Bithemoth Exchange Created using 3 Main Main pillars; Accessibility, Usability and Profitability.

Created by experienced entrepreneurs and investors, Bithemoth blocks the experience of his team for translation translations that ALL will filter the cryptocurrency currency. Our platform will discuss several new features for exchanging itself from previous exchanges, and establishing itself in the crypto market. By using the diversity of our team, we create strong and strong exchanges that will not only meet the needs of investors under traditional control, but also will simplify the process, even encourage non-technology individuals to start trading.

Bithemoth Exchange Created using 3 Main Main pillars; Accessibility, Usability and Profitability.

Client Benefits

The biggest test seen by financial specialists in crypto showcases is administrative and client support issues. Difficulty going from a flagging futile group to an inconsiderate individual staff. From our observations, we found that there had never been a trade with a world-class bolster group.

At Bithemoth, we provide incentives for speculator exchange banners, which is the reason we maintain a noble exchange condition. We understand that having a world class bolster group cannot be overemphasized.

Watch the video below About Behemoth:

Smart Contracts

On the NEO, NEM and ETH blockchains, smart contracts and digital tokens are easily issuable through Bithemoth’s planned system interface. Upon the evolution of new blockchain innovations, there is potential to integrate new platforms and features into Bithemoth’s ecosystem. Users of smart contracts are provided with automated, low-fee transactions which provide a higher level of security than relying on standard localized databases. All smart contracts related to live trading will be created or written post-trade to reduce latency. Subsequently, we will explore writing all trade data in real time inside a distributed ledger as blockchain technology becomes faster. With smart contracts, the management of approved workflows between counter-parties, and the calculation of trading settlement accounts with higher accuracy as opposed to standard database technology becomes achievable.

ICO Incubator

Giving vetted ICOs access to transparent and secure funding rounds is Bithemoth’s aim in creating a powerful turnkey ICO incubator. The team of senior engineers at Bithemoth will formally examine all aspects of token sale proposals including idea novelty, project feasibility, legal compliance and financial justification. The approved projects will have access to Bithemoth’s complete ICO incubator system and a dedicated support team. This will provide a base for blockchain and tech start-ups to grow off of and launch their business. This will also provide our users with special opportunities to have early access to invest in promising new projects.

Companies in our incubator will be able to issue tokens and ICO contracts using input parameters through our proposed system. Any token issued through Bithemoth will be liquid and tradable on the Bithemoth exchange using the token sale. Automatic smart contract mechanisms that are capable of creating smart contracts and deploying them on the NEO, NEM and Ethereum blockchains will also be offered on the ICO incubator.

Easy DAO Registration

Bithemoth’s ecosystem aims to allow projects to register and use their business as a specialized smart contract or Mosaic on the NEO, NEM or Ethereum blockchain. This will allow users to without the explicit need of a “paper corporation” formalize their business transactions.

Fiat and Cryptocurrency Deposits
We are expectant that Bithemoth’s planned infrastructure and banking relationships will enable cryptocurrency and fiat deposit on one platform. We intend that users will be able to make deposits using a wide range of channels like local bank deposit, E-wallet, credit card, SWIFT transfer, SEPA transfer and multiple cryptocurrencies.

Bithemoth Exchange clients will be able to deposit and withdraw both fiat currencies and cryptocurrencies. Bithemoth will create a reliable, scalable and secure deposit and withdrawal system. The option to convert fiat currencies into cryptocurrencies, and vice-versa, in large quantities will be a game changer for the community and a gateway to reaching new highs.

Quick to Market

The Bithemoth ecosystem hopes to foster innovations through its vetting process and token interface by providing the needed infrastructure and tools for projects to get support, gather funds and launch a stable platform. Following the token sale, tokens issued through Bithemoth will be liquid and tradable immediately on the exchange

White Labeling Opportunities
Through our token sale platform, Bithemoth looks forward to creating unique white labeling opportunities for enterprise clients. Clients will be able to offer crypto and fiat payments to their own user-base and token sale participants by white labeling our digital wallet and portal set-up. Token users on Bithemoth will be able to create and customize their own backend while taking advantage of tools such as easy token issuance made available by our larger ecosystem architecture. Tokens will be tradable immediately on the main exchange when initial token sales ends with the provision of adding the token to one or more of our curated ETCF baskets for more liquidity.

Bithemoth Coin (BHM)

Bithemoth Coin (BHM) will be the token coin that we will issue. There will be a maximum amount of 200 000 000(two hundred million) coins that will be created. We do not intend to increase it further. BHM is modeled and will run using the Ethereum blockchain with ERC 20. This will ensure the safety and security of the token in the long-term.

QUICK OVERVIEW

At Bithemoth we value refinement and advancement. Here are some features that will set us apart:

SIMPLE PORTFOLIO MANAGEMENT

ENHANCED SECURITY (HARDWARE
WALLET INTEGRATION)

ENTRY MADE EASY (FIAT OPTIONS +)

MARKETPLACE

DEBIT CARD

24/7 SUPPORT

ADVANCED TRADING OPTIONS

ICO INCUBATOR

Allocation

Presale Schedule

ICO Schedule

Once our ICO commences, investors shall be invited to purchase BHM tokens until the 90,000,000 tokens that we have set aside have been sold. The purchasing schedule will work on an incremental basis that will reward buyers that purchase BHM token during the early stages of our ICO.

Investors that purchase BHM via our ICO will receive their tokens within and no later than 7 working days.

BHM Value

You will be able to utilize your BHM coins to pay for any fees on our exchange platform. This will include exchange fees, withdrawal fees, listing fees etc.

There will be specific discount incentives that we will be introduced for the initial promotion of BHM usage on our exchange; this will be effective immediately but limited to a period of 5-years.

Return Plan

Every three months, our BHM team will use a portion of our profits to repurchase the BHM tokens that will be destroyed. This will continue up to 50% of all BHM coins destroyed, leaving (100 000 000) distributing coins

Bonus Structure for Pre-Token Sales Participants and Token Sales
The pre-sale token participant will receive a multilevel discount on the BHM price depending on the time of entry. Discounts will be reduced because more tokens are sold. Practices with that are that they offer greater discounts for investors before their main ICO pre-sales and sales are aired. Bithemoth in this case by offering discounts for everyone on the platform for some private investors.