Hello everyone … see me again Wong linglong3 this time I will explain at a glance about *BARTER SMARTPLACE* so read carefully read fully to your knowledge who knows how useful to you in the future …
ABOUT BARTER
a confidential digital asset exchange platform based on a legal smart contract. In addition, but as the main element of the platform ecosystem, a service of tokenization of a real valuable asset is provided, which can then be placed on the smartplace. Digital assets lowered the barrier of trust, increase the privacy of the parties to the transaction and the speed of its execution. Legal smart contract with electronic signature allows achieving high reliability and convenience of the service.
Smart contracts in the financial sector have shown their advantage in comparison with traditional methods of value transfer, but so far have not been widely used in the legal industry.
Barter is looking ahead and expanding the use of smart contracts in the legal field, using digital assets as contract objects.
By combining digital assets of different standards in one ecosystem, it is possible to exchange them with each other instantly and almost free of charge, having received this legal contract for the transaction with a record in the data register with a copy of the digital form of the contract.
SMARTPLACE
is a trading order platform in the Barter ecosystem. An order that includes one or more items of uniform quality, items, and sets is called a lot. The lot can also include heterogeneous assets, for example, it is possible to place a car and real estate in one lot. Each order and lot is assigned a sequence number (ID) and a price is set. The value of the lot displays the total value of the assets included in it.
The Barter project appeared as an idea in mid-2018, when the crypto-currency market became much cheaper, but at the same time, the demand in the OTC market increased. According to one of the major companies that provides OTC trading opportunities, the monthly volume of transactions exceeds more than $2 billion only for the top 3 cryptocurrencies, such as Bitcoin, Ethereum, Ripple.
Initially, the Barter was conceived as an OTC-platform in the form of legal escrow-guarantor for transaction support. However, this is too narrow a direction and this niche already has large trusted platforms, so Barter has expanded its ecosystem to include tokenized real valuable assets that can be exchanged for any supported liquid token or cryptocurrency. Barter intends to create a blockchain platform for barter transactions, the objects of which can be any tokenized assets and liquid currencies
this is the main goal of the project.
Nick Szabo’s article “Shelling Out: The Origins of Money”, one of the first developers of Bitcoin, pays special attention to barter transactions, as it is the oldest form of exchange of goods between interested parties, but also highlights the problems:
« Barter requires a coincidence of interests. Alice grows some pecans and wants some apples; Bob grows apples and want some pecans. They just happen to have their orchards near each other, and Alice just happens to trust Bob enough to wait between pecan harvest time and apple harvest time. Assuming all these conditions are met, barter works pretty well. […] If Alice and Bob didn’t trust each other, and couldn’t find a third party to be a middleman or enforce a contract, they’d also be out of luck »
« Barter requires, in other words, coincidences of supply or skills, preferences, time, and low transaction costs. Its cost increases far faster than the growth in the number of goods traded. Barter certainly works much better than no trade at all, and has been widely practiced. But it is quite limited compared to trade with money »
In the era of high technology, these problems can be solved, and barter is designed for this. Barter is designed in such a way that transactions for large volumes occur quickly, with low operating costs and have legal force – a signed contract. Smart contract is the guarantor of the contract execution subject to all previously established conditions.
PLASMA PROTOCOL
by Ethereum – foundation of Barter platform design. Provides lightning transaction speed.
0X EXTENSIONS
will provide support for a new type of trading – barter trades. Facilitates interaction between tokens standard ERC-721 and ERC-20.
ENIGMA PROTOCOL
ensures confidentiality of personal data of parties to transaction and other important computation.
TOKENOMICS
All participants of primary financing before IEO will be included in white list of participation at IEO, it guarantees 100% place in market with high demand.
Participants pre-sale have right to sell tokens on IEO immediately in fact listing. Participants ICO have right to sell 50% tokens on IEO immediately in fact listing.
Token Details
Token type: ERC-20
Tiker: BRTR
Blockchain consensus: D-PoS
Token price:
pre-sale: $0,01
ICO: $0,06
IEO: $0,3
Token Distribution
Team: 10%
IEO: 10%
Reserve: 35%
Staking: 32,5%
Pre-sale: 2%
Partnership: 5%
ICO: 5%
Bounty: 0,5%
1.The primary round of pre-sale financing is held in the amount of 2% of the 1 issue and is distributed to participants at a price of $0.01 per token
2.At the ICO stage, the project conducts a crowdfunding campaign, 2 distributing another 5% of tokens at a cost of $0.06 per token
3.At the stage of the initial exchange offer, it is planned to place the following 10% of the total share of the circulation at the price of $0.3 per token
During the testing phase the network on the D-PoS consensus, potential validators leave the requirements to be one of the 50 fundamental nodes of the network, which is awarded new coins to generate new blocks and conscientious of maintaining network performance. It is planned to distribute 1% of the balance to all nodes on a monthly basis, thereby stimulating the initial validators to hold rates for a long time without reducing the share, thereby increasing the overall market turnover. Thus, in 12 years arranged token processing will increase to ~41,5%.
In addition to validators, the interest rate is expected from the delegates-the owners of more than 10 000 BRTR receiving the prize from a bet validator is a good way to get extra coins, in bitcoin is called mining
4.After the successful stage of IEO, it is planned to distribute 1% of tokens to the team as a primary reward for the work done, which the owners will be able to dispose of at their discretion; Further distribution of tokens for the team will be carried out every 180 days by 1%, that is, the next 4.5 years – 9 times.
5.5% of the tokens are reserved to attract important partners to the Barter platform, which have a positive impact on the development of the network and the promotion of the smartplace application
6.0.5% of the total token circulation is allocated to stimulate the community for helping the project within the bounty program, for example, incentives will be distributed for: – Subscriptions and reposts in social networks; – Writing reviews and posts about the project; – Publication of materials in the media; – MVP testing; – Application tasks (design, forum moderation, translation of texts into other languages, etc)
7.The reserve Fund is supplemented every 180 days by 1% of the allocated share. Reserve Fund tokens can be used to hedge market risks and other types of risk. Stored in multi-currency reserves, can be used in market collapses, no external financing; when the life cycle of the product ends. The reserve Fund supports sustainable development of the project.
DISTRIBUTION OF INVESTMENTS
Attracted funding from stakeholders in the development of the Barter platform will be aimed at the development of the blockchain platform, smartplace applications and maintaining their performance. Startups in the crypto-currency industry face legal problems, so Barter has its own legal consultants to solve such issues and additionally seeks professional help from other international lawyers.
Today, any project and product at the first stage of launch needs a strong marketing strategy to become recognizable in the market and attract potential users. Barter:
smartplace is positioned as an international project. It is planned that the marketing and promotion of the product will initially be aimed at expanding the community and increasing the potential user base of the application.
The parameters of the distribution of funds are divided into three groups in accordance with the stage of token distribution, the calculations are given in USD for ease of perception:
Pre-Sale –it is planned to raise $20,000 in order to realize the following goals:
Website and personal account of the investor
Smart-contract ICO development
Contract code audit
Development of UX interface of the application
Expansion of the community
ICO –at the second stage of financing, it is planned to raise $300,000 to prepare the product for the initial exchange offer, the distribution will be made in the following areas:
Marketing 30%
Product development and MVP 40%
Legal advice 20%
Organizational costs 10%
IEO –the third stage of fundraising. The funds received will be used for development of the project and the achievement of control points on the roadmap. The emphasis will be placed on the development of partnerships, strengthening the security of the blockchain ecosystem, product development and expanding the use of the platform.
Strategy –First of all, Barter focuses on attracting the attention of a large number of potential users and participants of the ecosystem. Now the platform is developing at the expense of stakeholders in the development of the ecosystem at an early stage with the further release of the BRTR token on the cryptomarket. We can say that now the development takes place on the principle of DAO.
STRATEGY
Q4/2018
Project idea, market Analytics, conception descriptiont of the OTC-platform and product interface.
Q1/2019
A minimum team has been formed to prepare for the seed stage of investment, presentation, writing primary documentation about the product, development of marketing strategy.
Q2/2019
Attracting investments, expanding team, developing a minimum viable product (MVP), updating and supplementing product documentation in several languages (White Paper, Token Economy, One Page, Presentation), minimal marketing on target sites.
Q3/2019
Launch of MVP, marketing, receiving feedback from potential users on the product, launch of crowdsale smart-contract, code audit, investor’s account on the project website, preparation for the initial exchange offer (IEO).
Q4/2019
Develop a core product, increased marketing, Initial Exchange Offering of token Barter platform at top-cryptocurrency exchanges to attract additional investments ($3 million).
Q1/2020
Launch of the beta version of Barter: Smartplace and blockchain test-net token platform (payment system), new partners to expand the ecosystem, integration with banking institutions (API) and registers of owners of real and movable assets.
Q2/2020
over-the-counter and barter transactions on Barter: Smartplace by strategic partners and banks, launch of the interbank Lightning payment system (beta), preparation for the launch of main-net platform, expansion of product line, integration of the platform into interbank operations at international level.
FOR MORE INFORMATION CLICK LINK BELLOW:
Website: http://barter.company/
Whitepaper: http://barter.company/pdf/BARTER_WP1.pdf
Telegram: https://t.me/barterteam
Twitter: https://twitter.com/barterteam
Sincerely, Good luck on target Thank you
AUTHOR : W6580KR
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