BitBoost is a startup focused on developing new applications for electronic commerce using blockchain technology. Based in Zug (Switzerland) its development team has been working in blockchain since 2014 when they first developed NXT FreeMarket, a marketplace in NXT. Since 2015 they have been building this marketplace in the Ethereum network.
BitBoost, developing the software The Block, will begin its main tokens sale this October 10, at 14:00 UTC. The goal is to sell up to 61 million BBT (BitBoost tokens), after the almost 5 million already distributed during pre-sale, held between 18 and 23 September. BBT is the necessary token to create listings in The Block, a marketplace that uses blockchain for e-commerce, currently in closed beta phase. This main sale comes just after the first beta release of The Block to a select group of testers.
The Block is the result of three years of e-commerce software development over blockchain technology. The development team launched a first NXT marketplace, but soon realized the limitations of this blockchain, and made the decision to move the software to Ethereum, where smart contracts are much more suitable for the development of solutions for the e-commerce. As a result, BitBoost already has a ready-made product ready for testing, and with funds raised from the sale of tokens, it will launch a complete application, ready to be deployed on the Ethereum network during the second quarter of 2018. The Block is now available as an application for Windows, Mac and Linux. Applications for iOS and Android, as well as a version for a web browser, are currently under development.
The main sale will take place between October 10 and November 9. As for the price, a descending discount scheme will be used, as shown below:
- Phase One, as of Tuesday, October 10, 0.40 USD per BBT.
- Phase Two, as of Tuesday, October 17, $ 0.42 per BBT.
- Phase Three, starting Tuesday, October 24, $ 0.44 per BBT.
- Phase Four, as of Tuesday, October 31, 0.46 USD per BBT.
Tokens can be purchased through Orderbook.io‘s order management system, payable on both BTC and ETH. Therefore, the price of each BBT will be adjusted daily to reflect the equivalent in USD, using Bitstamp.
The goal of BitBoost is not to raise funds for software development. Most of this is now complete, so the team needs to raise funds to polish and finish the application, offer a fully functional product and start developing a community as soon as possible, with one purpose in mind: redefining e-commerce. Instead of using a centralized approach, BitBoost wants to make decentralized e-commerce a global activity, with no middlemen or large players controlling the entire ecosystem.
More information in: https://www.bitboost.net/
White Paper: https://www.bitboost.net/whitepaper-theblock.php
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