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ETH $ 226.27 -0.689043%
MARKET CAP $ 260 bln -0.19%
ICOs 6,074

BlockBits

ICO Ended
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Blockbits 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. Our 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. Welcome to the smart company of the future! Never tired, no bias just code, autonomous platform distributed throughout the blockchain, mutable only with its community approval, always ready for the innovative ideas of tomorrow!
7.6
TOTAL SCORE
7.7
ICO PROFILE

(weight: 45%)

6
SOCIAL ACTIVITY

(weight: 35%)

10
TEAM PROOF

(weight: 20%)

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General
Website: Visit
White paper: Read
Pre-sale Time: 04 Feb 2018 - 28 Feb 2018
ICO Time: 10 Mar 2018 - 01 May 2018
Country: Romania
Token info
Ticker: BBX
Platform: Ethereum
Token Type: ERC20
Financial
ICO Price: 1 ETH = 7,000 BBX
Accepting: ETH
Soft cap: 5,000 ETH
Hard cap: 35,000 ETH
PHASE 1 - PROOF OF CONCEPT
Period: June 2017 - January 2018


1.1 The Documentation

- Technical Documentation

- Functional Diagrams

- Deployment Strategy and Flows

- Live Documentation


1.2 The Code

- Backend Application MVP

- 350+ Unit and Integration Tests


1.3 The Tools

- Bounty Portal

- Bounty Program Tools

- Mobile Applications


1.4 The Offering

- Platform identity - Logo and Design

- Campaign Ofering Whitepaper

- Campaign Landing Page


1.5 Landing Redesign

- Reverting to Standard Token Sale

- BlockBits Info Flow Diagrams

- New Explainer Video

- Explainer Articles
PHASE 2 - FUNDING
Period: Feb 2018 - May 2018


2.1 Funding Start

- Announcements

- Funding Campaign Launch

- AMA interviews

- Press releases


2.2 The PRE ICO

- Period: 4th of February 2018 to 28th of February 2018


2.3 Marketing limited Public Sale

- Period: 4th of February 2018 to 10th of March 2018


2.4 The ICO

- Period: 10th of March 2018 to 1st of May 2018


2.5 Token Allocation

- Date: 2nd of May 2018

- Direct Funding Pool - Token unlock

- Bounty Portal Pool - Token unlock
Phase 3 - Development Milestones
Period: May 2018 - May 2020


Development Start Date: 5th of May 2018
Development Milestone 1
Milestone Name: Minimalistic Platform

Estimated Duration: 90 days


- Team expansion

- Swarm / IPFS Storage

- Platform Web Application

- Campaign Page

- Campaign Listing and filtering

- My Profile

- MainNet / TestNet Testing environments

- Deployment Tools

- Application State Processing Daemon


Note: Minimum required functionality in order for token holders to be able to validate and vote on proposals.
Development Milestone 2
Milestone Name: 3rd Party Launch Functionality

Estimated Duration: 180 days


- Platform Web Application

- Campaign Page improvements

- Campaign Listing and filtering improvements

- Project Creation Wizard - v1

- BlockChain Application Deployer

- Platform - Revenue Stream Storage Contract

- Mobile Application Update


Note: Minimum required functionality to allow 3rd party projects to launch through the platform and allow token holders to participate in funding events that include discount programs.
Development Milestone 3
Milestone Name: Code Upgrade Tools and Token Buyback

Estimated Duration: 90 days


- Code Upgrade Tools with in platform code diff viewer

- Token Buyback functionality that uses funds in Revenue Stream Storage


Note: Minimum required functionality to allow Code Upgrades to be processed in order to enable Token Buyback for the main platform and launched children projects.
Development Milestone 4
Milestone Name: Basic Risk indicators and Collaboration tools

Estimated Duration: 90 days


- Campaign Risk indications and analysis

- Campaign listing and filtering based on risk indicators and scoring

- Project Creation Wizard - v2

- Collaboration Tools

- New Discount programs

- New Funding algorithms


Note: Basic Risk analysis and indicators for projects and Collaboration tools for the Creation Wizard.
Development Milestone 5
Milestone Name: Advanced functionality

Estimated Duration: 90 days


- Project Creation Wizard - v3

- Funding Auction Bidding

- Advanced Risk indications and analysis


Note: Advanced functionality for project creation, risk analysis and indicators for project page details.
Development Milestone 6
Milestone Name: Token Holder Upgrades

Estimated Duration: 90 days


- Token holder initiated Code Upgrades that get paid from the Revenue Stream Storage Contract


Note: Allows token holders to propose upgrades and get paid for them.
Development Milestone 7
Milestone Name: Full Decentralization

Estimated Duration: 90 days


- Full Decentralization Support

- ENS Ownership & ENS annual renewal payments

- Storage Ownership with renewal


Note: Project gets prepared for completion, where no one owns it.
Last screenshot taken on 22 Mar 2020
BlockBits ICO
Screenshots taken on 7 Feb 2018
Arthur Birnbaum
Animation and Motion Graphics
Takes part in this project only
Vlad Morar
Video / Marketing Specialist
Takes part in this project only
Ionut Toader
Frontend Developer
Takes part in this project only
Mihai Iliescu
Senior Security Engineer
Takes part in this project only
Micky Socaci
Main Developer
Takes part in this project only
Radu Dumitru
Graphic / UX Designer
Takes part in this project only

Advisors (5)

Georgeana Bobos-Kristof
Mathematics Professor / Educational Consultant
Takes part in this project only
Richard Johnson
Digital Consultant ( Security | Technology )
Takes part in this project only
Sandeep Patel
Managing Partner
Takes part in this project only
Alexandru Lazar
Emerging Technologies Enthusiast
Takes part in this project only
Tiberiu Socaci
Business Development Manager
Takes part in this project only
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