In the past years, the Ethereum network has seen the launch of numerous ICOs. This is good, but unfortunately, most ICOs still ultimately rely on investors’ blind trust. This attracts only the more risk inclined investors, while even the moderately risk adverse will rightly avoid investing in what looks like get-rich-fast schemes or even outright scams. The main issue with a classic ICO is the fact that its token is often not linked to any meaningful action in its system. Even when it is, in the overwhelming majority of cases, the investor is expected to blindly trust that the project initiators will deliver on their promises.
Blockbits is a decentralized open-source crowdfunding/investing platform. Its most innovative feature is that it eliminates blind trust requirements, thus providing a significantly safer investing experience. This is achieved via blockchain contracts, built-in features that allow it to become fully maintained and governed by its token holders.
Blockbits DAPP is an open-source crowd-fund/investing platform that is fully driven by blockchain code. It provides innovative mechanisms such as safe funding vaults and secure milestone based payments. The platform offers to both investors and project owners investing tools and minimal to zero fees.
Platform is designed to become fully independent, maintained and governed by its own token holders. Blockbits itself is launched through the very code submitted here as MVP. It is not a Venture Capital Fund, nor an Investment Fund. It is a platform where you launch your project and the community is going to be the one moderating the content.
June 2017 - January 2018
PHASE 1 - PROOF OF CONCEPT
January 2018 - March 2018
PHASE 2 - FUNDING
January 2018 - May 2018
25th of March 2018
Phase 3 - Development Milestones
5th of May 2018
Development Milestone 1
Development Milestone 2
Development Milestone 3
Development Milestone 4
Development Milestone 5
Development Milestone 6
Development Milestone 7
Attention. There is a risk that unverified members are not actually members of the team
It's an interesting idea - the challenge will be to gain traction. Re the team it would be good to know a bit more about them.
The company has some great ideas to protect the money of investors if an ICO is failing to uphold to its standards and promises and it gives the ICOs incentives to work harder to keep up fair practices, so the investors don’t back out along the way. To see the roadmap for the company and possibly become a participant in the BlockBits network, head to the company website to learn more.
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