Quote from: Miiike on November 21, 2020, 06:05:24 PM

Quote from: bitoftrade.com on November 20, 2020, 08:48:52 AM

Quote from: AhmadM on November 19, 2020, 07:42:47 PM

Quote from: bitoftrade.com on November 19, 2020, 09:34:39 AM

The whitepaper’s goal is to prepare an ICO or another kind of fund rising for a project. We have other plans, so there is no need for such document. However, we plan to publish the project strategy declaration within 1-1.5 months after the concept is finalized.

I don't think the goal of the whitepaper is only to prepare an ICO nor any kind of fundraising, IMO it can be used to give a better understanding of the whole model of your business/project for anyone who wants to involved in it. Although you don't even gonna publish an ICO I think it's still important to have a whitepaper since most people don't easily put their money into an unknown business/project.

Quote

BTF token is created as a financial instrument for money saving and accumulation. Limited supply and a number of services, based on smart contracts will constantly increase its value, as well as the trust of the community. The more investors use the token for accumulation, the greater the excess of demand over supply, which will create a constant price growth factor. Together with the liquidity on exchanges, this model has the right to be successful.

It’s not a Ponzi model, because of the limited supply and smart contracts based services (like limited Bounty based distribution at the first stages of the project).

That's the basic theory of demand and supply, which does not explain how the way you will pay investor's rewards.

Quote from: Miiike on November 19, 2020, 08:26:42 PM

To quote probably almost everybody here as this will be related to their concern and (some were, surprisingly) support of your business model, where does the fund to pay passive income come from?

Almost 40% of issued BTFs are closed on special accounts, from where they can only be obtained under the terms of relative smart contracts. See for example BTF_deposit smart contract (https://github.com/alexvirtech/bitoftrade/tree/master/contracts). It has closed about 200,000 BTF. Deposits are the only way to get a part of the funds closed on this smart contract. Moreover, the less funds remain in this contract, the lower the deposit profit. It's like a mining process that brings in less and less bitcoins to miners.

Perhaps I should re-word my question: how do you plan to power the passive income activity? Sure you have some reservoir to distribute the token for stake holders (the literal stake-holders, not stakeholders), but what will you do to ensure the value of each of those token?

1. "Value of each token" can't be ensured, it's a market price and may be result of bid/ask ratio.
2. We plan to add a number of special smart contracts, increasing the balances automatically based on the "holding time" and "balances" (more exactly, the base for reward calculation is the sum of average daily balances of the account for the calculated period). At this stage we have only "deposit contract" and additional manual payouts, that will be replaced by smart contracts in the next 6-8 weeks. For these smart contracts (together with deposit contract) we reserved about 40% of the total BTF supply.

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