Bitclave

Bitclave

Created using Figma
Created using Figma
BitClave’s decentralized solution enables companies big and small to participate in a common ecosystem. The innovative search technology enables sellers to pay directly for outcomes, optimizing marketing spend for results; users and other data providers are paid on the data’s value, measured by conversions (not clicks); and consumers gain access to monetary incentives and lower-cost goods while gaining control over their personal information. BitClave’s ecosystem uses the blockchain to encode the value of data in the data itself, enabling transactions that are both anonymous for consumers (until such time as they chose otherwise, e.g., complete a purchase transaction), while providing attestation required to charge sellers for outcomes and pay users for their data. Consumer privacy is built into the very fabric of the BitClave decentralized search ecosystem by design.
Nov 8, 2017
Dec 8, 2017
100% completed
$25 547 000
100% goal completed
past
Sep 14, 2017
Oct 14, 2017
100% completed
$16 532 341
100% goal completed
past
  • 1 CAT
    =
    0.07 USD
Jul 25, 2017
Aug 1, 2017
100% completed
Raised funds - no Data
past
Token Details
Ticker
CAT
Company Details
Registered Country
Singapore
Additional Details
Categories
Platform, Internet

About Bitclave

BitClave envisions a world where smart contracts replace the need for middlemen, changing the way communities use the Internet. Our main goal is to build a new standard for relationships between businesses and customers based on smart contracts.

The problem

The existing marketing ecosystem is largely controlled by only a few big players.

When it comes to online advertising, businesses are forced to pay exorbitant amounts of money to “middlemen” in order to reach a captive audience for their promotions. The promotions, however, often get placed among many other ads clogging up the space on crowded banners, or simply end up in someone’s spam box. Businesses also have little to no guarantee that the traffic they generate on their promotions is genuine. In fact, nearly 50% of all advertising traffic is generated by bots, essentially defeating the entire purpose of advertising.

 Offline advertising is a similar story. More often than not, offline advertisers promote content with a “hit or miss” mass mailer mentality. Hoards of messages are slammed into users' faces with little or no targeting, resulting in a dubious correlation between offline ad dollars and return on investment. This, along with other factors, contributes to extremely low conversion rates. Promotions are largely delivered to those who simply do not care for the product or whose attention is likely focused on something else.

 These ineffective measures, both offline and online, negatively impact the whole service value chain. The more companies are forced to pay to “middlemen”, such as Google and Facebook, the more money consumers have to pay for the products. Businesses end up losing money, and consumers end up paying more for less value, creating a lose-lose situation.

The solution

A decentralized ecosystem directly connecting consumers and businesses.

In order to counteract the problems described above, BitClave proposes a system in which the intermediaries are eliminated. Instead of paying any “middlemen”, companies automatically make personalized offers directly to consumers who have opted in for the service, as illustrated above.

In this ecosystem, consumers have control over their own data and can opt into advertising and analytics services by retailers through the use of smart contracts. This not only ensures that companies are making their offers to an audience that is more inclined to view and interact with the product, but also allows consumers to earn money for viewing these promotions.

This system also ensures increased user privacy. ”Free” services, such as Google and Facebook, often sell user data to brokers. With the BitClave Ecosystem in place, however, this is no longer a concern as companies sell their promotions to consumers firsthand.

Token CAT

During the period November 29, 2017 – December 29, 2017 fundraising campaign will accrue.

The maximum number of tokens implemented in the ecosystem is 2,000,000,000. The software does not permit change to the number of implemented tokens after the smart contract is deployed on the Network. The maximum number of CAT Tokens available for purchase will be 1,000,000,000.

  • Community grants: 10%
  • Team: 10%
  • Long term budget: 30%
  • Fundraiser: 50%

Use of Proceeds

  •  Development: 38% of the budget. This financing allows for the rollout of the solution, including the necessary adjustments.
  • Administration: 7% of the budget. Consists of associated administration costs.
  • Community: 37% of the budget will focus on expanding adoption. This also includes the growth and maintenance of the worldwide community.
  • Advisers: 5% of the budget. These funds will be directed at growth-hacking, PR, partnerships, affiliate programs and more.
  • Legal expenses: 5% of the budget.
  • Contingency: 8% of budget. This is a set-aside for unforeseen costs.
 

Features

- BitClave Active Search Ecosystem (BASE) which allows the storing and managing of vast amounts of untraceable to specific individuals data consisting of records of customer activities
- This gives the customer control over what data is allowed to be created, shared, and accessed, all through the use of blockchain and smart contracts
- Consumer Activity Token (CAT) will be used to facilitate rewards within the system for all sorts of services that available on the BASE

Technical Info

Technical details:  Overall, the system has two major components: - The anonymized activity ledger, a decentralized account of relevant customer and retailer activities, including any retail activities that are observable by some party in the ecosystem (e.g., visiting a retail store, buying a product, rating a retailer). Personally identifying information is masked using an activity ledger anonymity mechanism to selectively hide individual customer/retailer identities while still allowing certain types of decentralized analytics to be computed over the ledger data, and other ledger entry fields may contain encrypted data that is only available to specific groups (e.g., conditioned release in response to achieving a smart contract trigger). Based on the ledger entries, group members will be able to perform activity ledger analytics operations to identify activity features or retail trends that enable marketing or business opportunities, for example offering discounts for a popular item or inviting customers to attend a product demo - On top of the activity ledger, will be a token exchange to provide incentives and rewards across interested parties and groups. Entities can earn tokens by contributing activity data to the ledger or through creation and execution of smart contracts with other parties Proof of developer:  Public team

Bitclave Roadmap

  • Q1 2017

  • Assembling the co-founding team and developing initial idea
  • Q2 2017

  • - Building development and marketing team- Creating a first draft of white paper
  • Q3 2017

  • - Initial pre-sale- Internal testing of alpha version- Signing initial partners and customers- Release of smart contracts- Start of alpha and first customers- Start of crowdfunding event
  • Q4 2017

  • - Completion of crowdfunding event- Token distribution- Listing on exchanges- Release of beta version of the product- Partnership with scalable blockchains
  • Read More
  • Q1 2018

  • - Improvements of Anonymization and Ranking system in collaboration with CMU- Release of open source SDK- Building of ecosystem with development community participation
  • Q3 2018

  • - Partner releases of vertical solutions - Job Search, Retail and Automotive Search, Real Estate Search- Signing partners and customers
  • Q1 2019

  • - Scalability development- Integration with scalable file system-Search optimizations

Activity

Activity:
83
LOW
Posts:
3 212
VERY HIGH
Views:
77 399
VERY HIGH
Activity:
83
LOW
Merit:
0
VERY LOW
Posts:
3 212
VERY HIGH
Views:
77 402
VERY HIGH
Users:
556
VERY HIGH
Posts:
604
VERY HIGH
Followers:
546
LOW
Likes:
470
VERY LOW
Followers:
10 870
VERY HIGH
Tweets:
923
VERY HIGH
30 Days Growth:
-5490
Members:
7 955
HIGH
Investors Detected:
34.14%
30 Days Growth:
-512
Alexa
Rank:
780 038
LOW
Delta:
259 810
Year commits:
796
Watchers:
122
Stars:
182
Forks:
79
Open issues:
11

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Foundation Council
unverified
Chief Architect & Co-Founder at BitClave
unverified
Digital Marketing Manager at Snowplow Analytics |...
unverified
Product Manager at BitClave
unverified
PR Professional
unverified
iOS/C++/Blockchain Developer
unverified
Senior Software Engineer – BitClave
unverified
Head of Business Development at The Element Group
unverified
Corporate Securities Attorney -- Finance, Transact...
unverified
Managing Partner at Park & Dibadj
unverified
Foundation Council
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Governance Advisor
unverified
Strategy Advisor
unverified
Data Privacy Advisor
unverified
Technology Advisor
unverified
Science Advisor
unverified

Last News

$ 0.0020
-2.20%
Coin Stats
Daily, %:
-2.20%
Weekly, %:
-27.13%
Monthly, %:
-12.44%
Market Info
Market Cap:
Volume 24h:
$ 13.929 K
Circ. Supply:
0 CAT
Ticker:
CAT
ICO profit
X 0.0864
ICO Price~$0.0233
3.79
stable
5.0 18
ICO Profile Vision Activity Potential Product Team

Bitclave Reviews

icoscoring.com
ICO review website

The monopoly of traditional market players do not give BitClave any chances to scale its solution in the right way. BitClave has not proven market acceptance, so talking about scaling the platform and taking any significant market share prematurely.

The company provides the convincing platform appeal analysis for one consumer group – organizations. However, the solution success will depend on the growth of such critical amount of users in the ecosystem in order to be beneficial for the companies to cooperate with BitClave. There is no MVP at the moment ( minimally viable product) Not any personal information is monetized but only the one which is relevant for concrete consolidated companies in the ecosystem. At the initial stages of the project development the company is going to provide subsidies to partner companies to maintain interest in the project until it eventually becomes interesting in itself. The main risk is that, firstly, it is not clear how long the fund of collected money/ collected funds are going to be burned through in this way. Secondly, a lack of a clear monetization project scheme does not allow to shift part of the load from the fund to revenues from basic operations. As a result, the funds can trivially ran out ( you should remember about the possible depreciation of the long-term budget nominated in the tokens) and with this business model partners have nothing to offer. BitClave does not clearly formulate the sin directions of project monetization. The point at issue is mainly about “additional services” however it is not clear how relevant this will all be to organizations. Obviously, taking into account the availability of subsidies it is meant that initially before confirming the platform’s robustness for marketing purposes, the partnership with organizations will not be monetized but, on the contrary, subsidized. The planned remuneration system based on CAT-tokens, contains significant risks of unfair behavior on the part of users. The users will be provided with tokens as an encouragement for the ad view In this case there is a high probability of forming an entire layer or even the whole community of users, monetizing passive ad. Bots should also be remembered. However, it is not yet clear how to deal with fake personal information ( the user is anonymous and cannot be verified) and cheating activity. At the same time, too serious set of conditions for obtaining tokens can lead to loss of interest of users to the project.

The company does not provide the mechanism of return on investment The mechanism of returning funds to the investors is not provided. BitClave does not provide any financial forecasts of its future activities. There is only one way of project development – scenario approach is not available evidently arising from possible mismatch of the team plans. The significant part of the tokens (30%) is reserved by the team for the long-term project development budget. BitClave risks losing this source if the token becomes devalued. Hard cap ICO makes up 50 million USD. However, within two rounds of preliminary sales the company collected more than 16 million USD. that has already covered the volume of median rounds in comparable venture transactions with the participation of an average of more mature and developed businesses in 10-16 times. As part of the presale, the tokens were sold at a 75% discount regarding the main ICO round. Such a layout stimulates the early exit from investment of the presale participants on the formation of the secondary market and the collapse of the token exchange value.

The founders either lack the experience of developing entrepreneurial projects in the block chain environment or in principle the experience in projects related to block chain and crypto- currencies.

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