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 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.
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.
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.
Use of Proceeds
- 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
Attention. There is a risk that unverified members are not actually members of the team
$42 079 341
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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