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[ANN][BOUNTY][PRESALE] Auditchain - blockchain co-inventor on team
***Disclaimer***
Investing in cryptocurrency is one the most dangerous things you can do financially. Please do not invest if you have either 1) a need for liquidity (cash on hand) or 2) cannot afford to lose your entire investment.
The Auditchain project is a complex and comprehensive project within the audit industry which is not easily understood by outsiders. Below follows a very simplified and ELI5 (explain like I am 5) explanation. Many questions are answered in the whitepaper and FAQs so please read it carefully multiple times!
Current status of auditing
An audit is, simply speaking, an opinion based on inspection of the workings and financial state of a company. Audits are needed to assure shareholders and people with an interest in the company, that financially speaking, the company is telling the truth.
The following paragraph was copied from the auditors report issued by PwC contained on page 147 in the 2017 annual report of JP Morgan Chase & Co. which states;
Auditors are tasked with building an opinion about whether or not the statements provided by the company are materially presented, based on the evidence they gather from the company. However, there are two critical flaws to this system:
1) the Auditor is giving an opinion, which is subject to bias and may be influenced by the company
2) the evidence that is provided to the Auditor comes from the company itself, and only on an annual basis. This gives the company enough time to alter the evidence in their favor.
Why is this important?
An annual audit and quarterly periodic reviews are required to be conducted by an independent auditor by law for public reporting companies. The independent audit is supposed to provide assurance to the financial markets.
Despite the rigorous standards that a company and the auditor must comply with, fraud resulted in the theft of over $7 Billion according to the 2018 Report to the Nations conducted by the ACFE in 2017 alone. According to the report, financial statement fraud is the costliest.
Would you trust a single intermediary to tell you that your Bitcoin transaction is validated?
There is another important reason to change this process. As the world has become more connected and services are available 24/7, the financial state of companies should also be available 24/7 for investors and shareholders. Investors, hedge funds, VCs and fund managers should be able to check the status of their investment in a company or entity at any time, whether the company raised their funds through ICO or in traditional ways.
The same or external validation process that occurs with a cryptocurrency transaction should also occur with financial statements.
The solution - Auditchain
Auditchain is developing a digitally automated and decentralized audit in real time of companies, non-profits and governments. Auditchain is a blockchain where professional certified Auditors can run specialized audit nodes. The financial statement data of the company are recorded on the Auditchain network in near real time. The external Auditors then act in a similar manner like the external validators of the Bitcoin or Ethereum blockchains and externally validate the data for integrity and truthfulness. These assessments can then be accessed by third parties in real time through Auditchains DCARPETM Explorer.
The DCARPE Explorer is a block explorer as well as an enterprise audit and reporting interface. Streaming Financial StatementsTM and AUDT AnalyticsTM are accessed through the DCARPETM Explorer.
This solves the two flaws in the current audit methodology:
1) the certified professional Auditors running the nodes are not directly connected to the company they are auditing, providing an unbiased view.
2) the company has to adapt their systems and provide real time data from their internal systems, which removes the time lapse in which they can alter data.
Please review our whitepaper for a full overview of the ecosystem Auditchain is building.
Staking incentives and mining rewards
There are two types of nodes, Federated and Non-Federated. Both nodes are required to purchase and stake AUDT.
Auditchain is secured through Proof of Stake (PoS), Proof of Assurance (PoA) consensus mechanisms. Staking rewards are as follows: 42.5% of the block reward goes to Non-Federated nodes (PoS) and 42.5% go to Federated nodes (PoA) and 15% goes to Auditchain and its affiliate; the DCARPETM Alliance for development and education of the network.
Please refer to the whitepaper for more technical details regarding Network and Consensus Governance
DCARPE Alliance
Besides providing a technical solution for the current auditing flaws, Auditchain has founded the DCARPEAlliance. This is a not-for-profit entity that will lobby lawmakers and companies to set international standards to adopt real time audit and reporting. The Alliance members will also operate nodes on the Auditchain network. As of today, we have 30 members already signed on.
Why would companies adopt Auditchain?
First, it is financially attractive due to two things. As the auditors in the Auditchain network compete for validation of the data, auditing fees paid in AUDT become more attractive. Besides that, paying for the service continuously throughout the year is better than at once, which improves company cash flow.
Secondly, as time passes, more and more enterprises will implement blockchain technology which moves the entire technology into a native environment. Token issuers will be able to comply with current financial information requirements so that token purchasers can legally resell their tokens
Why Blockchain?
Blockchain in its essence is an accounting system. It is a distributed ledger of records that are protected by cryptographic hashes, which cannot be changed once it is on the blockchain. This makes it perfectly suited for transparent, unforgeable financial records. This is one of the reasons why Dr. Stuart Haber, co-inventor of the blockchain technology, joined our core team. His work in cryptographic time stamping in 1991 with Scott Stornetta was performed to assure the integrity of business records. It was also cited as references 3, 4 and 5 of the original Satoshi Whitepaper.
Competitors
Auditchain believes that no other project is developing a similar protocol for this use case. Furthermore our software is pending patents. Auditchain has the first mover advantage in this market. Other projects by Big Four accounting firms such as PwC may be incorporated into our ecosystems by running their own node for so long as it complies with technical requirements of the the DCARPETM Protocol.
MVP and Roadmap
Auditchain will be publishing its own Streaming Financial StatementsTM through the DCARPETM Explorer during and after the TGE on the Ethereum network. Stakeholders will be able to purchase subscription levels to financial data such as real-time rollups to financial statement line items. In short, we will showcase our MVP during our TGE event, so all contributors can see in real time how Auditchain works.
Team
Jason Meyers: https://www.linkedin.com/in/jason-meyers-91a9693/
Chris Danusiar: https://www.http//linkedin.com/in/chrisdanusiar/
Stuart Haber: https://www.linkedin.com/in/stuart-haber/
Eric Cohen: https://www.linkedin.com/in/eric-cohen-53180b13/
Touradj Ebrahimi: https://www.linkedin.com/in/touradjebrahimi/
Bogdan Fiedur: https://www.linkedin.com/in/bogdanfiedur/
Srinjoy Chakravarty: https://www.linkedin.com/in/srinjoyc/ (our newly added blockchain security engineer)
Token Generation Event and Token Metrics
Auditchain will be conducting a token generation event, (TGE) of a total of 250,000,000 AUDT which will initially be launched on the Ethereum network through the deployment of an ERC20 smart contract. The TGE date has not yet be set but will be announced soon. A private sale is currently in progress, and starts at 25 ETH. Sign up for the private sale can be done here: https://auditchain.com/privatesale/
160,000,000 AUDT** will be sold to early adopters,
25,833,333 will be allocated to the team [lockup period]
up to 25,833,333 will be allocated to advisors [lockup period]
up to 25,833,333 will be allocated in connection with partnerships
up to 12,500,000 will be allocated in connection with our bounty campaign
**Includes a total of 60,850,000 AUDT to be distributed in connection with the Airdrop and to early adopters in connection with private sales.
In addition to the initial AUDT token supply and subject to block times, consensus proposals and improvements, approximately 12,500,000 additional AUDT tokens will be rewarded to all Federated and Non-Federated nodes per year which amounts to approximately 237 AUDT tokens per block depending on block times.
Token sale
The public presale will commence on November 15, 2018 at 9AM CET, (UTC+1).
Airdrop
Auditchain intends to make four Airdrops to contributors of up to a total of 42,685,499.996 AUDT following the TGE. An initial impression of all AUDT balances in all Ethereum wallets will be taken from the last block validated 60 days following the TGE, with the first Airdrop happening 60 days after the initial impression. Subsequent impressions and Airdrops will take place 90 days after the previous cycle. Final calculations and block height impressions will be announced before each event.
AIRDROP ELIGIBILITY CONDITIONS
Wallet addresses must contain a balance of AUDT at the time of the impression.
The balance of AUDT contained in each wallet address must be equal to or higher in quantity and identical in state to the impression for each consecutive block after each impression to qualify for each Airdrop. All contributors are eligible for the Airdrops. This excludes the team and advisors.
AIRDROP ALLOCATION CALCULATION
Each Airdrop will be distributed to eligible wallets which will receive an allocation of AUDT in proportion to their stake in the total amount of AUDT held by eligible wallets. This will be calculated using the following formula:
Community Links
Website: https://auditchain.com/
Facebook: https://www.facebook.com/Auditchain
Twitter: https://twitter.com/AuditChain
Telegram community: https://t.me/joinchat/FhX6ikmW8NavlabJoMHhIA
Telegram announcement: https://t.me/AuditChain
Linkedin: https://www.linkedin.com/company/auditchain/
Mainstream Media
Forbes - The biggest thing to happen in Blockchain since bitcoin
Fintech.finance - AuditchainTM Plans Launch of Blockchain-Based Assurance and Financial Reporting Platform
Accountancy Daily - Blockchain startup aims to revolutionise auditing
Coindesk - XBRL Reporting Standard Co-Founder Joins Blockchain Startup
PRnewswire - Auditchain Appoints Big Four Assurance Deputy Technology Officer, Chris Danusiar as New CEO.
Youtube/podcast interviews with team
Jon Najarian interviews Jason Meyers, Eric Cohen and Stuart Haber
Crypto Jack with Jason Meyers and Stuart Haber
Mike Michaels with Jason Meyers and Stuart Haber
Crypto Rich with Stuart Haber and Scott Stornetta
Coin Amor with Jason Meyers
Barry E. James from ICORadio with Jason Meyers
Bounties
The Youtube bounty can be found here: https://bitcointalk.org/index.php?topic=5061342
There are no bounties for Facebook, Twitter, or signatures.
Investing in cryptocurrency is one the most dangerous things you can do financially. Please do not invest if you have either 1) a need for liquidity (cash on hand) or 2) cannot afford to lose your entire investment.
The Auditchain project is a complex and comprehensive project within the audit industry which is not easily understood by outsiders. Below follows a very simplified and ELI5 (explain like I am 5) explanation. Many questions are answered in the whitepaper and FAQs so please read it carefully multiple times!
Current status of auditing
An audit is, simply speaking, an opinion based on inspection of the workings and financial state of a company. Audits are needed to assure shareholders and people with an interest in the company, that financially speaking, the company is telling the truth.
The following paragraph was copied from the auditors report issued by PwC contained on page 147 in the 2017 annual report of JP Morgan Chase & Co. which states;
Quote
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Firm as of December 31, 2017 and 2016, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2017 in conformity with accounting principles generally accepted in the United States of America. Also in our opinion, the Firm maintained, in all material respects, effective internal control over financial reporting as of December 31, 2017, based on criteria established in Internal Control Integrated Framework (2013) issued by the COSO.
Auditors are tasked with building an opinion about whether or not the statements provided by the company are materially presented, based on the evidence they gather from the company. However, there are two critical flaws to this system:
1) the Auditor is giving an opinion, which is subject to bias and may be influenced by the company
2) the evidence that is provided to the Auditor comes from the company itself, and only on an annual basis. This gives the company enough time to alter the evidence in their favor.
Why is this important?
An annual audit and quarterly periodic reviews are required to be conducted by an independent auditor by law for public reporting companies. The independent audit is supposed to provide assurance to the financial markets.
Despite the rigorous standards that a company and the auditor must comply with, fraud resulted in the theft of over $7 Billion according to the 2018 Report to the Nations conducted by the ACFE in 2017 alone. According to the report, financial statement fraud is the costliest.
Would you trust a single intermediary to tell you that your Bitcoin transaction is validated?
There is another important reason to change this process. As the world has become more connected and services are available 24/7, the financial state of companies should also be available 24/7 for investors and shareholders. Investors, hedge funds, VCs and fund managers should be able to check the status of their investment in a company or entity at any time, whether the company raised their funds through ICO or in traditional ways.
The same or external validation process that occurs with a cryptocurrency transaction should also occur with financial statements.
The solution - Auditchain
Auditchain is developing a digitally automated and decentralized audit in real time of companies, non-profits and governments. Auditchain is a blockchain where professional certified Auditors can run specialized audit nodes. The financial statement data of the company are recorded on the Auditchain network in near real time. The external Auditors then act in a similar manner like the external validators of the Bitcoin or Ethereum blockchains and externally validate the data for integrity and truthfulness. These assessments can then be accessed by third parties in real time through Auditchains DCARPETM Explorer.
The DCARPE Explorer is a block explorer as well as an enterprise audit and reporting interface. Streaming Financial StatementsTM and AUDT AnalyticsTM are accessed through the DCARPETM Explorer.
This solves the two flaws in the current audit methodology:
1) the certified professional Auditors running the nodes are not directly connected to the company they are auditing, providing an unbiased view.
2) the company has to adapt their systems and provide real time data from their internal systems, which removes the time lapse in which they can alter data.
Please review our whitepaper for a full overview of the ecosystem Auditchain is building.
Staking incentives and mining rewards
There are two types of nodes, Federated and Non-Federated. Both nodes are required to purchase and stake AUDT.
Auditchain is secured through Proof of Stake (PoS), Proof of Assurance (PoA) consensus mechanisms. Staking rewards are as follows: 42.5% of the block reward goes to Non-Federated nodes (PoS) and 42.5% go to Federated nodes (PoA) and 15% goes to Auditchain and its affiliate; the DCARPETM Alliance for development and education of the network.
Please refer to the whitepaper for more technical details regarding Network and Consensus Governance
DCARPE Alliance
Besides providing a technical solution for the current auditing flaws, Auditchain has founded the DCARPEAlliance. This is a not-for-profit entity that will lobby lawmakers and companies to set international standards to adopt real time audit and reporting. The Alliance members will also operate nodes on the Auditchain network. As of today, we have 30 members already signed on.
Why would companies adopt Auditchain?
First, it is financially attractive due to two things. As the auditors in the Auditchain network compete for validation of the data, auditing fees paid in AUDT become more attractive. Besides that, paying for the service continuously throughout the year is better than at once, which improves company cash flow.
Secondly, as time passes, more and more enterprises will implement blockchain technology which moves the entire technology into a native environment. Token issuers will be able to comply with current financial information requirements so that token purchasers can legally resell their tokens
Why Blockchain?
Blockchain in its essence is an accounting system. It is a distributed ledger of records that are protected by cryptographic hashes, which cannot be changed once it is on the blockchain. This makes it perfectly suited for transparent, unforgeable financial records. This is one of the reasons why Dr. Stuart Haber, co-inventor of the blockchain technology, joined our core team. His work in cryptographic time stamping in 1991 with Scott Stornetta was performed to assure the integrity of business records. It was also cited as references 3, 4 and 5 of the original Satoshi Whitepaper.
Competitors
Auditchain believes that no other project is developing a similar protocol for this use case. Furthermore our software is pending patents. Auditchain has the first mover advantage in this market. Other projects by Big Four accounting firms such as PwC may be incorporated into our ecosystems by running their own node for so long as it complies with technical requirements of the the DCARPETM Protocol.
MVP and Roadmap
Auditchain will be publishing its own Streaming Financial StatementsTM through the DCARPETM Explorer during and after the TGE on the Ethereum network. Stakeholders will be able to purchase subscription levels to financial data such as real-time rollups to financial statement line items. In short, we will showcase our MVP during our TGE event, so all contributors can see in real time how Auditchain works.
Team
Jason Meyers: https://www.linkedin.com/in/jason-meyers-91a9693/
Chris Danusiar: https://www.http//linkedin.com/in/chrisdanusiar/
Stuart Haber: https://www.linkedin.com/in/stuart-haber/
Eric Cohen: https://www.linkedin.com/in/eric-cohen-53180b13/
Touradj Ebrahimi: https://www.linkedin.com/in/touradjebrahimi/
Bogdan Fiedur: https://www.linkedin.com/in/bogdanfiedur/
Srinjoy Chakravarty: https://www.linkedin.com/in/srinjoyc/ (our newly added blockchain security engineer)
Token Generation Event and Token Metrics
Auditchain will be conducting a token generation event, (TGE) of a total of 250,000,000 AUDT which will initially be launched on the Ethereum network through the deployment of an ERC20 smart contract. The TGE date has not yet be set but will be announced soon. A private sale is currently in progress, and starts at 25 ETH. Sign up for the private sale can be done here: https://auditchain.com/privatesale/
160,000,000 AUDT** will be sold to early adopters,
25,833,333 will be allocated to the team [lockup period]
up to 25,833,333 will be allocated to advisors [lockup period]
up to 25,833,333 will be allocated in connection with partnerships
up to 12,500,000 will be allocated in connection with our bounty campaign
**Includes a total of 60,850,000 AUDT to be distributed in connection with the Airdrop and to early adopters in connection with private sales.
In addition to the initial AUDT token supply and subject to block times, consensus proposals and improvements, approximately 12,500,000 additional AUDT tokens will be rewarded to all Federated and Non-Federated nodes per year which amounts to approximately 237 AUDT tokens per block depending on block times.
Token sale
The public presale will commence on November 15, 2018 at 9AM CET, (UTC+1).
Airdrop
Auditchain intends to make four Airdrops to contributors of up to a total of 42,685,499.996 AUDT following the TGE. An initial impression of all AUDT balances in all Ethereum wallets will be taken from the last block validated 60 days following the TGE, with the first Airdrop happening 60 days after the initial impression. Subsequent impressions and Airdrops will take place 90 days after the previous cycle. Final calculations and block height impressions will be announced before each event.
AIRDROP ELIGIBILITY CONDITIONS
Wallet addresses must contain a balance of AUDT at the time of the impression.
The balance of AUDT contained in each wallet address must be equal to or higher in quantity and identical in state to the impression for each consecutive block after each impression to qualify for each Airdrop. All contributors are eligible for the Airdrops. This excludes the team and advisors.
AIRDROP ALLOCATION CALCULATION
Each Airdrop will be distributed to eligible wallets which will receive an allocation of AUDT in proportion to their stake in the total amount of AUDT held by eligible wallets. This will be calculated using the following formula:
Community Links
Website: https://auditchain.com/
Facebook: https://www.facebook.com/Auditchain
Twitter: https://twitter.com/AuditChain
Telegram community: https://t.me/joinchat/FhX6ikmW8NavlabJoMHhIA
Telegram announcement: https://t.me/AuditChain
Linkedin: https://www.linkedin.com/company/auditchain/
Mainstream Media
Forbes - The biggest thing to happen in Blockchain since bitcoin
Fintech.finance - AuditchainTM Plans Launch of Blockchain-Based Assurance and Financial Reporting Platform
Accountancy Daily - Blockchain startup aims to revolutionise auditing
Coindesk - XBRL Reporting Standard Co-Founder Joins Blockchain Startup
PRnewswire - Auditchain Appoints Big Four Assurance Deputy Technology Officer, Chris Danusiar as New CEO.
Youtube/podcast interviews with team
Jon Najarian interviews Jason Meyers, Eric Cohen and Stuart Haber
Crypto Jack with Jason Meyers and Stuart Haber
Mike Michaels with Jason Meyers and Stuart Haber
Crypto Rich with Stuart Haber and Scott Stornetta
Coin Amor with Jason Meyers
Barry E. James from ICORadio with Jason Meyers
Bounties
The Youtube bounty can be found here: https://bitcointalk.org/index.php?topic=5061342
There are no bounties for Facebook, Twitter, or signatures.
"The culmination of dreams for those who remember the Satoshi Nakamoto Paper"
Full article here: https://www.forbes.com/sites/ginaclarke/2018/07/31/the-biggest-thing-to-happen-in-blockchain-since-bitcoin/#1c4e78fa3b2b
Anyone else watching Auditchain?
Anyone else watching Auditchain?
[ANN][PRESALE][LOWCAP] **15.12** BlockchainTaxi - passenger drone services tech
Step Into The Future
Did you know that the Drone Market is forecasted to surpass 12 billion dollars in sales by 2021? The market for commercial and civilian drones is slated to grow at a compound annual growth rate (CAGR) of 19% between 2015 and 2021. Even with this rapid growth, lack of regulation and inefficient protocols regarding safety and automation make the process of implementing new uses for drones difficult and slow.
Enter BlockchainTaxi
BlockchainTaxis platform will become the scaffolding upon which the automated drone superhighway system of the future is built. BlockchainTaxi will provide the framework for smart contracts to be built that use blockchain technology to automate operations like air traffic control, pre-arranged inspections of structures, disaster responses and any other large scale drone application that requires logistical coordination on a macro level. BlockchainTaxis Coin will act as the currency and medium of exchange for payments between service providers and customers (for uses such as air taxis and drone deliveries).
Flying Cars?
By being the exclusive partner of Passenger Drone, BlockchainTaxi will be implemented in a real world setting in the near future. Access to Passenger Drones hardware infrastructure will allow BlockchainTaxi to be one of the first end to end, intelligent eco systems for drones. Other manned drone manufactures such as eHang, Kitty Hawk, Volocopter and Airbus can become time and cost optimized by building upon the BlockchainTaxi framework - a framework which will already have been proven in a real world setting. By adapting and expanding the Passenger Drone model to other aeronautic industries and manufacturers, BlockchainTaxi will become the foundation of a worldwide intelligent network of drones.
About Passengerdrone
Passenger Drone has developed one of the worlds first fully-functional, state-of-the-art autonomous aerial vehicles. Passenger Drone is slightly larger than a compact car, can be easily transported and parked in any garage space. This is not just a futuristic vision, Passenger Drone has already concluded manned test flights and has an equally substantial working technological framework.
How BlockchainTaxi Works
BlockchainTaxi is an application for the drone space and can be used in the following capacities:
Smart navigation protocol: New York City can have different flight protocols than Paris, but both use the BlockchainTaxi platforms to create smart contracts enabling the same drone to fly in both locations while remaining compliant with the individual air traffic regulations. The BlockchainTaxi application can store navigation route data recorded during manned test flights, meaning the smart drone ecosystem can be informed by countless hours of human flight.
Ecosystem for contract compliance: BlockchainTaxi provides the scaffolding to build Smart contracts on top of that can govern autonomous drone operations like inspection of bridges, wildlife and agriculture as well as maintenance of drones, pricing for services and any yet undiscovered future drone applications.
Ecosystem for economic transactions: Smart contracts can be used to automate payments for those same drone services. The entire network of inspection, maintenance and services (like air taxi rides) and payments for said services can be automated and executed by the BlockchainTaxi platform.
Regulation friendly model: BlockchainTaxi helps the entire drone industry move forward by ensuring compliance with local flying regulations as information on the blockchain cannot be tampered with. This gives regulators the ability to create sensible legislation with complete confidence that compliance will be mandatory.
Proceeds of the Tokensale
The funds collected during the ICO will be allocated to developing the following aspects of BlockchainTaxis platform. Development will start immediately in tandem with the crowdsale. Funds received during crowdsale will be automatically distributed in two Ethereum addresses. This will be done at a ratio of 30% to 70%, where the 70% will immediately go into hardware and integrated software development. The 30% is allocated for other categories, but in practise more than 70% will be going into development.
Ongoing Application Deployment: The BlockchainTaxi app needs to collect a large cache of data from human pilots. This cache of data is the cornerstone of BlockchainTaxi's interconnected global network. The initial round of funding will be used to hire a developer team and build out the app.
Ongoing Passenger Drone development: As BlockchainTaxi perfects it platform its hardware partner PassengerDrone will work to fully integrate BlockchainTaxi into its line of manned drones (air taxis).
Regulatory approvals and establishing new routes : BlockchainTaxi will lobby legislators to be integrated into the FAAs NextGen system and will use this as a model for integration into air traffic control systems worldwide.
Marketing BlockchainTaxi Service: Once BlockchainTaxis infrastructure (platform, app and initial user base) have been solidified BlockchainTaxi will focus its efforts and resources on mass adoption.
Token sale structure
60 Million BCT will be available per SAFT agreement during the presale and token sale, for total of 25,000 ETH. The token sale will be structured in 3 tiers: presale, Tier 1 and Tier 2. All tiers will be governed by smart contract. Presale will be capped to 2,500 ETH and will automatically end when all tokens are sold. In the case that not all tokens are sold, the remainder tokens will be added to Tier 1 with Tier 1 conditions. As soon as the all tokens from Tier 1 are all sold, Tier 2 conditions automatically come into effect. Smart contracts will be developed by Applicature (Github link coming soon)
Presale:
Presale will start on 15.12.2017 at 09:00 UTC and run until 15.01.2018 or until all 10 million tokens are sold.
Any remainder BCT from the pool of 10 million BCT that is unsold during presale will be added to Tier 1
Tier 1 and 2:
Tier 1 of the token sale will start on 20.01.2018 at 09:00 UTC and run until either: all tokens are sold, which is when Tier 2 will automatically start, or 20.02.2018 09:00 UTC. Tier 2 will start immediately upon completion of Tier 1, independent of how many days of tokensale are left until the final closing date of 20.02.2018 09:00 UTC.
Token allocations
28% of the total supply will be held by the team, used directly for development (25%) and future marketing (3%) of the BlockchainTaxi application. 10% is held in reserve for liquidity / unforeseen costs, bringing the total held by the team at 38%. 2% will be allocated to various bounty programs: 1% for Country Managers and 1% for media bounties. This brings the total held by tokenholders to 62%. We strongly intend to uphold this division of total token supply, no matter the amount sold.
Team
Links
Whitepaper: https://blockchaintaxi.io/wp-content/uploads/2017/11/Blockchain-Taxi-White-Paper-v1-11.30.pdf
Website: https://blockchaintaxi.io/
Telegram: https://t.me/BlockChainTaxi
Facebook: https://www.facebook.com/blockchaintaxi/
Twitter: https://twitter.com/BlockchainTaxi_
Please note we are working and updating on our Whitepaper continuously, so please feel free to bring forward any information that you would like to see mentioned.
Bounties
A bounty programme will be active for Youtube, Steemit, Medium. A separate thread will be posted regarding the conditions in a few days.
Please note we will not be doing any translation, signature or Facebook/Twitter bounties. We are also looking for dedicated Country Managers for the languages: Russian, Korean, Japanese and Chinese. Please PM me directly if you 1) speak one of these languages fluently and 2) have enough time to meet daily obligations (30 mins to 1 hour a day, with some bigger time intensive tasks). The token rewards for all 4 Country Managers combined will be 1%!
Official BlockchainTaxi news and answers will come from the user BlockchainTaxi
Re: [ANN][ICO]AMBROSUS: Trusted Quality of Food & Medicine [BOUNTY]
hi, why Gavin Wood was deleted of team?
He wasn't, Parity is still core tech partner
Re: [ANN][ICO]AMBROSUS: Trusted Quality of Food & Medicine [BOUNTY]
Hi!
If anyone want to invest but still can't pass a verification please PM me via Telegram @thepavelg
Let's invest together! I have passed KYC verification and have my address whitelisted
If anyone want to invest but still can't pass a verification please PM me via Telegram @thepavelg
Let's invest together! I have passed KYC verification and have my address whitelisted
Ambrosus does not endorse it, please beware of scammers and do not engage in suspicious procedures
You guys need to process more faster your KYC applications, a lot of ppl want to invest but don't want to wait.
To anyone who still got stuck please pm me via Telegram @thepavelg
mate, I'd be careful if I was you. During presale they also caught one account that was buying for Americans (it's against the rules) so you might lose all tokens.
Re: [ANN][ICO]AMBROSUS: Trusted Quality of Food & Medicine [BOUNTY]
Checking out this project for the first time. I understand the concept of the logistics chain, but what will it take for other companies to partner with Ambrosus?
Why would other producers want to have their produce traced with Ambrosus technology?
Will keep digging. My questions only mean to understand the project better.
Why would other producers want to have their produce traced with Ambrosus technology?
Will keep digging. My questions only mean to understand the project better.
More and more people are concerned where their food comes from, just look at the popularity of bio labeled food. But even with those labels there have been scandals, stores selling bio food that is not actually bio. And then ofcourse just the normal food scandals we hear about every week... As a consumer, I'd love to know exactly what is in my food and medicine. Especially if you have children.
The various articles have mentioned that there are already partners lined up for Ambrosus, two of them I think went public (in the last blog update). I remember when we first started having labels for bio food, everyone said it was not going to last, only vegans and hippies buy this, blabla. Now every grocery store has their own special bio food products... at least here. There is enough demand for it.
I suggest you hurry up also if you want to participate, the countdown ticker says less than 2 days until end.
Re: [ANN][ICO]AMBROSUS: Trusted Quality of Food & Medicine [BOUNTY]
I love food & blockchain, wish i could wrap my head around the value proposition in this coin.
As a company you'll need to use AMB tokens to record the data to the blockchain, and the consumers of Ambrosus tracked products can also claim them when they buy those products.
Re: [ANN][ICO]AMBROSUS: Trusted Quality of Food & Medicine [BOUNTY]
http://news.trust.org/item/20171019113446-58to2 Opinion piece from CEO Angel Versetti on Reuters
Re: [ANN][ICO]AMBROSUS: Trusted Quality of Food & Medicine [BOUNTY]
Re: [ANN][ICO]AMBROSUS: Trusted Quality of Food & Medicine [BOUNTY]
Amber has Gavin Wood, which is a advantage and plus point for Ambrosus, you know he is the tech genius and lead in ETH. I think he will bring best tech to Ambrosus.
yes.the technology don't need worry.it really is a nice program. but the hard cap is too high.The hard doesn't matter if unsold tokens will be burned after TGE.
Re: [ANN][ICO]AMBROSUS: Trusted Quality of Food & Medicine [BOUNTY]
Re: [ANN][ICO]AMBROSUS: Trusted Quality of Food & Medicine [BOUNTY]
http://www.digitaljournal.com/pr/3525521 Press release from Digital Journal
Re: [ANN][ICO]AMBROSUS: Trusted Quality of Food & Medicine [BOUNTY]
Re: [ANN][ICO]AMBROSUS: Vertraute Qualität für Nahrungsmittel & Medizin [BOUNTY]
Servus, Segment aus der Schweizer Fernsehen über Ambrosus : https://www.srf.ch/sendungen/eco/kryptowaehrungen-pharma-serie-teil-2-portraet-daniel-grieder
Re: [ANN][ICO]AMBROSUS: Trusted Quality of Food & Medicine [BOUNTY]
Re: [ANN][ICO]AMBROSUS: Trusted Quality of Food & Medicine [BOUNTY]
Hi,
I forgot to follow up on this project... Very interested to buy some tokens.
A couple of questions:
Thanks!
I forgot to follow up on this project... Very interested to buy some tokens.
A couple of questions:
- Has ICO ended?
- What was the ICO token price?
- How much funds collected on ICO?
- Is the token already tradable?
- What is the token's abbreviation/symbol?
Thanks!
- ICO has not ended yet
- price is 1000 AMB for 1 ETH
- Raised: 106855.06 ETH
- not tradeable yet
- abbreviation is AMB
You can find more info on the website: https://tge.ambrosus.com/
So ICO is live now: https://horizonstate.com/tokensale/ NO KYC or WHITELIST!!
Re: [ANN][ICO]AMBROSUS: Trusted Quality of Food & Medicine [BOUNTY]
hi just a question is there a chance that the reward for bounty hunter can increase? seems like the reward is very small for a huge supply of this coin
please note that all unsold tokens will be burned, thus there will not be a huge supply of the coin.
It is good for people, so this is a responsible team for us, for investors, I cheer for that. Btw, how much fund have raised so far? I want to invest some money.
Raised: 106854.54 ETH <- from TGE site.