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The Bitbon System is a Blockchain platform for Contribution. Contributing is the name of a new type of investment and attracting funds for your business projects. This type of activity should replace the current model of conduct of ICOs that tends to involve fraud, the absence of guarantees and the control of projects.
Team
Simcord, which is an international IT company and developer of the Bitbon system, includes 6 other organizations: Simcord Advanced Marketing Solutions LLP, Simcord Information Services SIA, UBK Markets Limited, Integrated ECN Limited, Bitbon Transfer Ltd, Information Agency "PROK".
The main areas of activity are: software development, marketing, intellectual property, scientific research, public activity.
The total workforce is over 150 people. Most of the staff members are programmers, who work with various programming languages, such as Java, C #, PHP, JavaScript, Go, Solidity, and so on.
In addition to programming experts, Simcord Company employs system analysts, technical writers, mathematicians / algorithms designers, marketing specialists, attorneys, customer support specialists, office managers, translators, project managers and system administrators.
Crowdsale
On June 17th, the Simcord Company entered a crowdsale public stage with a maximum limit of $ 400 million. To date, the company has conducted pre-sales and crowdsale phases among the company's customers and raised over $ 50 million.
The public crowd lasted until 10 October 2018.
Pricing for prices
According to cryptographic analysts, this project is quite interesting and the company has its own history and a series of successfully implemented and currently functioning projects. Equally important is the fact that Simcord is already operational and all the funds collected during the crowdsale phases are used successfully to implement their ideas. The plans are promising, and when everything is done, Bitbon as a cryptocurrency will skyrocket.
There are different opinions on Bitbon in the reviews, but one thing is certain: the crypto community is rather interested in the project.
Idea
The Bitbon system contains a number of unique features set by the developers. First of all, it is the link to the real sector of the economy through Contribution (to remind you, it means to invest in the System). The Bitup agencies are a link between the real world and the digital world. These agencies were created to guarantee investors' guarantees and business opportunities to entrepreneurs. Any solid financial or judicial structure, such as a bank, a notary, an auditing company or an intermediary, can take on the role of that organization.
The Bitup agencies act as auditors and consultants during the process of attracting funds for their entrepreneurial projects.
The system of interaction in the contribution process is as follows:
- The entrepreneur (Contractat in the system) turns to the Bitup agency with his business idea.
- The Bitup agency verifies the validity of the business plan and draws up a Projectbon public contract (a legal document converted into a digital format containing terms and conditions of interaction of all parties in the contribution process).
- If the project is promising, the Bitup-Agency publishes it on the exchange, where the investors (Collaborators in the System) can help the project in order to obtain profits in the future, when the project will be implemented. The fundraising process is called IBO.
- After the IBO has been completed, the Contractat receives the funds collected in several stages.
- In each phase, Contractat must report on the implementation of the project to the Bitup agency.
The interesting thing is that the Bitbon system also participates in the IBO as an investor. Therefore, according to the terms and conditions of the contract, the profit will also be distributed in the system, thus contributing to its development and self-enrichment.
Extraction in the Bitbon system
Mining production is also expected, which will be available from March 2019. 30 million BitBoons will be allocated to pay the remuneration for the mining sector as the initial capitalization of the Fund. They will be transferred from Assetbox (a portfolio in the System) to Bitbon Capitalization Fund (the volume of Bitbons that belongs to the System and is used in Contribute). Subsequently, the Mining Fund Assetbox will be filled with the remuneration received from the profit generated by the System during the contribution process.
Where can I buy Bitbons?
Bitbons can be purchased on Bit Trade Exchange using either Ethereum or Bitcoin cryptocurrencies and Visa / Mastercard credit cards.
As I was writing this review, the price of 1 Bitbon was $ 6.31997.
From October 10th 2018, you have the opportunity to sell Bitbons as well as buy them.
Summary
The Bitbon system certainly deserves attention. It is clear that the developers did their best to implement this project. It is no longer just an idea, some of the plans have already been made. We will certainly follow the results of Simcord Company.
