Spanish translation is already done ( see first post ).

Thank you, please sign up for an account at https://bounty.blockbits.io so you can receive your tokens.

For translations that are available please look in the first post.

After translating, please post the thread here so i can add it to the main post.

Keep up the good work

Join our Telegram Community Channel -> https://t.me/blockbits

❗️DO NOT SEND ETHEREUM TO FAKE ADMINS ❗️THERE'S NO PRESALE/PRIVATE SALE OUTSIDE OUR WEBSITE❗️
❗️AND WE WON'T ASK FOR MONEY/ETHEREUM THROUGH EMAILS.❗️

ADMINS:
@MickySocaci
@vladmorar
@DoomBike
@Lynceus
@concorde_81

❗️USEFUL LINKS❗️
WEBSITE: https://blockbits.io
WHITEPAPER: https://docs.blockbits.io/extra/offering/BlockBits-Offering.pdf
DOCUMENTATION: https://docs.blockbits.io/
SMART CONTRACTS: https://github.com/blockbitsio/smart-contracts
VIDEO: https://www.youtube.com/watch?v=a9XyQlwCj6c
TWITTER: https://twitter.com/blockbitsio
MEDIUM: http://medium.com/blockbitsio
BITCOINTALK: https://bitcointalk.org/index.php?topic=2697086.0;all
ICOBENCH: https://icobench.com/ico/blockbits

Hi necromastery,

The total token supply is calculated in the following way:

Each contribution, mints tokens based on the amount of ETH that is sent into the contract you choose to fund.

There are 3 inputs and 2 periods:

Contract Name   Address (Ethereum - MainNet)
InputDirect   0xb05faba79ac993dc1ff7e3a0a764c3d0478cdc1f
InputMilestone   0x91ca47b9ec3187c77f324281a1851f4b991103f1
InputMarketing   0xdfe06d5a4534fbe955eebe8a4908ef596763c2a4

Both InputDirect and InputMilestone - are funding inputs that create a personal smart contract ( funding vault ) that stores received ETH and tokens you bought until the 1st of May 2018.

InputDirect
- releases your locked ETH if funding has not met soft cap.
- releases your tokens if funding is successful

InputMilestone
- releases your locked ETH if funding has not met soft cap.
- releases your tokens if funding is successful in a percentage ( see the end of the post for percentage list ) that is assigned to each milestone, once said milestone is complete.
- if for any reason a milestone fails and investors vote that it's failed, you can take the remainder of your investment back.

InputMarketing ( period 4th of feb - 10th of March )
- Gives you 20,000 tokens for 1 ETH
- Is a funding input that sells tokens directly to your wallet.
- ETH collected is used exclusively by our marketing team, for google ads / youtube video promotions and ico listing promotion.

PRE-ICO - InputDirect and InputMilestone, will give you 9800 Tokens per 1 ETH (40% bonus).
ICO - InputDirect and InputMilestone, will give you 7000 Tokens per 1 ETH.


Total supply:
At the end of the funding period, based on total supply sold, another 40% is minted for the project team ( split against team / advisors / early investors / marketing partners ).
At the same time a pool of 3% is minted and allocated to the Bounty Manager contract, that will then send tokens out to participants.

The project 40% pool will stay locked for a period of at least 2 years while development milestones get implemented and validated by investors.

To resume:
If you believe in the project and want to help us with marketing, yes you are taking some of the risk with us, you get a bonus for doing so.
If you want to risk nothing, use direct or milestone funding, and you'll be able to take your funds back if we don't manage to get enough traction in order to get funded.

Trustless:
Everything described here and more is already implemented and running the DAPP deployed to the main ethereum network.
You can find the full list on https://github.com/blockbitsio/smart-contracts
As well as attached to each contract on etherscan.io

In the next following weeks we will be adding a new area on our website that will allow you to view how each transaction works and affects the system.
i.e: if you send ETH to DirectInput, it travels to the Funding Entity, which validates it, then passes it along to the Funding Manager that instantiates a new personal Vault ( if none exist ), sets you as an owner on it, then sends the ETH to it.

The "hard part" is already done, the blockchain code is already there, we just need to assemble an intuitive and user friendly interface for you guys


Milestones contract -> https://etherscan.io/address/0xb4e8d821b5b43fca08f5986d9b52a8dc00565cc5#readContract
Milestone Percentages:
1 - Minimalistic Platform - 20%
2 - 3rd Party Launch Functionality - 20%
3 - Code Upgrade Tools and Token Buyback - 10%
4 - Basic Risk indicators and Collaboration tools - 15%
5 - Advanced functionality - 15%
6 - Token Holder Upgrades - 10%
7 - Full Decentralization - 10%

---------------------------

Hope i've answered your questions and feel free to ask anything.
By the way for discussions feel free to join our telegram channel https://t.me/blockbits
Cheers, Micky

Noi!

https://blockbits.io/

https://bitcointalk.org/index.php?topic=2697086.msg27564083

Both are now reserved.

Please sign up for Bounty Portal Accounts.

Translate this thread and Token Announcement thread.

Also i would like to announce that we'll be giving out more points for translations and original content.

Hi luv2709, there is none at the moment, the same way there is no recovery for your wallet, you have a key, you loose it, it's gone.

We're trying to collect as little information about you as possible.

So make sure to save it somewhere safe.

hint: that's why we have the welcome message saying you should save it.

note: If you do loose it, and are on telegram, and you've linked you bounty and telegram account, we can setup a system to retrieve your password.

Thank you, added to reserve.


Thank you, added to reserve.

Each translation awards you 100 points in the bounty campaign ( original content ), and all urls that get visits award you 1 point per visitor ( so you get more points )
Sign up for an account on the bounty portal https://bounty.blockbits.io
Once you added the translation, post your link to the thread there.
You will find referral urls in the "channels section"

Reserved, let me know once you have posted so i can update the first post with your link.


Thank you. Link added into first post.

At this stage the whole point of the ICO is to raise funds that will help speed up the development of the platform.
That being said we are actively working on a demo for you and will present it in the future when it's ready.

A detailed explanation of how BlockBits works, let us know what you think

BlockBits - In Code We Trust

A detailed explanation of how BlockBits works, let us know what you think

BlockBits - In Code We Trust