Summing up the results of ICO
Previous week was full of bright events for the BMCHAIN project. Monday was marked by the completion of 30-day ICO, during which 5154 ETH have been raised. At the time of writing the report, the amount collected is $ 1,669,896.
BMCHAIN crowdsdale can be considered successful, because softcap, installed initially, was achieved already at preico, so that closes the cost of developing the first version of the platform and allows implementation of the primary plan for the project development. Despite the fact that the hardcap wasn’t achieved, we believe that for a product pursuing a long-term development strategy and based on the creation of real value, qualitative crowdsale indicators are much more important than quantitative ones. First, it minimizes the percentage of speculators and increases the involvement of the target audience, interested in the participation and platform development, and secondly, it creates easier start conditions for the subsequent growth of the project’s capitalization.
According to the ICO results, 91,907,666 BMT tokens were issued, 66,781,351 of which were distributed among the participants, 25,126,315 were issued for the bounty fund, system development and reward for platform developers. At the time of ICO completion, the number of BMT tokens holders was 1908. In total, over 4,000 transactions have been made for the period of crowdsale. Thus, the approximate average cost of one transaction was 1.2 ETH.
Listing on exchange
Three days after the completion of ICO, BMT token was added to the trading assets listing of HitBTC exchange, which is included in the Top3 exchanges by the daily trading volume in BTC / XRP currency pair. Operations with token are available in the following pairs:
HitBTC exchange has a user-friendly interface and lack of mandatory verification to start using the service. Fee for balance replenishment is not charged, the withdrawal is carried out directly to the Bitcoin or Ethereum user’s wallet. To ensure the safety of users, cold storage and 2-factor authentication are being used.
In order to cover the cryptocurrency market as much as possible, the BMCHAIN team continues negotiations on token listing on other key exchanges. BMCHAIN is expected to be added to the charts of the main cryptocurrency exchange explorer Coinmarketcap, where all statistics on the exchange rate and the volume of BMT trades on all available exchanges will be collected and the average current value of token will be displayed.
An additional opportunity to purchase tokens is available on the decentralized exchange Etherdelta, where user can buy or sell token by having ETH on the wallet balance.
Selling BM courses for BMT
At the end of the previous week, the sale of Business Molodost courses for BMT was launched — more than 30 different online and offline business-pumping products can be purchased for tokens with a 20% discount. The price is fixed in fiat and may vary depending on the current BMT rate. Thus, it is planned to create a positive demand for BMT token and test the model of its use as a unit of calculation for the subsequent connection of new partners and services. Many users of the BM platform, who had participated in a successful experiment within the project and received tokens for writing posts, have already made their first historic purchase.
Within a few days the possibility of replenishing the BMT balance in the member area for transferring tokens from other wallets and exchanges will be added. In order to simplify the purchase process as much as possible, we will work on reducing the steps at the token exchange stage.
Partners engagement
BMCHAIN continues to connect partners. This week the coffee network “Coffee and the City”, which consists of 26 coffee shops offering coffee to go, confirmed its intention to accept BMT. Do you remember the very first movie about BMCHAIN, where the girl calculates tokens for a cup of coffee? Such an opportunity will appear very soon.
In October, a number of agreements will be signed with partners from different areas offering the most interesting to the consumer offline and online services. Partnership is planned to be concluded with coffee houses, real estate agencies, trading platforms, IT companies, organizations offering car rental services, etc. A special section will be created on the site bmchain.io, where you will be able to see the projects ready to receive BMT.
Platform development
The developing process of the future platform is on schedule and even ahead of the roadmap. Last week the test network of the BMCHAIN platform was launched. At the moment, the working mechanic and parameters are being revised and tested. A basic version of the browser client of the social media platform has been implemented. Posts, posts lists, comments, likes will be displayed on this platform. Functional of posts creation, commenting, voting, charging tokens for writing materials is ready. The work on the implementation of access to the user’s personal account has begun, functions of authorization, viewing of keys and token balance have been set up.
The addition of mechanisms, associated with the crediting of reputation and BMT tokens, to the core of the system is being done. The first version of API was developed and connected to the Business Molodost projects.
The main page primary design has been developed. User interface with the display of lists of posts and streams, viewing the full version of the post with images and the main site blocks has been implemented. It was decided to divide the posts into four categories: new, relevant, popular and discussed in the first version of the platform.
For ease of reference, it is planned to implement content segmentation for 5–7 main streams.
Promotion
In order to increase the circulation of BMT tokens after the listing on HitBTC, promotion in media with the wide target audience is planned, negotiations with other large sites are being held. The active promotion in existing advertising channels, publishing press releases on the platform development and benefits of the project in cryptocurrency and financial-analytical media as well as work with experts in this segment is planned to be done even before the launch of the BMCHAIN platform.
As a part of one of the concepts aimed at creating a viral effect, it is planned to launch a flashmob of several thousand people, as well as organize courses “Real Blockchain” to teach a wide audience how to use cryptocurrency and advantages of blockchain technologies effectively.The devteam from the company “Analytics Insight” completes the work on the constructor, which will allow any user to create and release his own token and launch ICO in 3 steps.
