BILLER tokens are for distributed trading and BILL tokens are Ethereum Gas plus margin from sales. BBILLER tokens are very different than BILL tokens. BILL tokens are like credits and are needed by end users to use the end solution. BBILLER contracts are implemented as an Ethereum contract based on the white paper and details above. Current BBILLER token holders can vote on proposals informally, until the contract is released. BBILLER token holders who are not clear on fund raising rules should seek independent legal advice. The trading phase of BBILLER tokens will commence at the end of the pre-sale period. The objective is to raise funds for Phase 1. That is $150,000AUD (15%). Once this figure is reached, then Ethereum Smart contract can be issued on a distributed exchange which pairs BBILLER with ETH, without an intermediate token such as Waves, unless members say otherwise. There is a reporting link between BBILLER and BILL tokens. BILL tokens are for customers that use the system. They purchase these to fund the smart contracts that the platform generates for them when doing Supply Chain processes. The profit from the sale of BILL tokens is recorded on the blockchain with the profit portion sent to BBILLER Ethereum addresses. When the company becomes profitable, holders of BBILLER tokens can petition the company by way of a proposal in GitHub, to be voted on by members that a dividend be declared by the company and proceeds from profits after all expenses and taxation be returned automatically by the BBILLER smart contract to BBILLER Token Holders. In essence the BBILLER token holders act as the executive arm and preserver of their investment, rather than relying solely on management for direction, BBILLER is a true distributed autonomous organisation building a transparent, automation with linkages to IoT, Payments in any industry which seeks lower costs in their Supply Chain process.
Measuring Downside Risk
The cost of Ethereum needs to be balanced against the savings that the BBILLER system can offer a specific customer/supplier use case. In the event that the problem is too simple to solve, that the revenue’s too low in the transaction or the supply chain logistics to complex to implement, then the BBILLER project may not generate a profit from a customer that signs onto the platform. Since the platform could be made to cost out a use case, such an analytical means is not currently in scope to determine exposure. In addition the cost to design a theoretical model for pricing gas is beyond the core scope of this project, in consideration of the sums desired to facilitate a core MVP.
When released, bBiller will be the democratization of payments using the ISO/IEC 19845 standard UBL XML as the supply…bbiller.com
Reprinted from: https://github.com/srowlison/bbiller/issues/1