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Title: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: bitlifeandtrust on August 24, 2017, 01:26:10 AM http://imgur.com/mwC7EhE
http://imgur.com/0DRsMx6 Token Sale and Pre-Sale Event Information [ Website (http://www.bitlifeandtrust.com/) |White Paper (http://robottia.com/BLTImages/BitLifeAndTrust_Whitepaper_58.pdf) ] [ Pre-Sale Registration Site (http://bitlifeandtrust.com/registration)] I. The Vision Prior to the modern age, communities formed around geographic locations. These communities shared in each other’s success and losses. When a member of the community suffered a loss, each of the community members would help in covering the cost of the loss. As the world modernized, companies formed to take over this assignment, in the form of insurance, and communities began to disconnect from the process. Today, the world is growing into a global community where geography is no longer a necessary limit. We believe the global community can be brought closer together and gain a vested interested in the well being of there fellow humankind through a globally shared trust, built and secured on the blockchain. II. The Plan Through blockchain and smart contract technology, BitLifeAndTrust aspires to disrupt the conventional broker markets in the insurance industry by returning the power of the markets to the communities which support it. BitLifeAndTrust will build a protocol for insurance products that are selected, funded and managed for the benefit of society. Our participants are you and others who fund the work of this project, the insured, who are made whole after a loss and everyone who believes in transparency without geographic boundaries. We aim to reduce the cost of all insurance in life, property, consumer goods, legal and others by putting the insured first. We aim to simplify claims processing by shifting the financial incentives from the seller to the claims processor and by creating competition among processors. Let’s together achieve the right to build a brighter future for you, those you care about and our global community. We invite you to participate in our shared beliefs, aspirations and desire for success. Thank you to the creators of blockchain, cryptocurrency and smart contract for making this all possible. Take the next step and read our WhitePaper! III. Timeline Q2 2017 Initial platform design Development of Dapp logical design Website launch Q3 2017 Buildout of core team and advisors Published Whitepaper Token Issuing Event Q4 2017 Begin Validator recruitment Platform development Testnet deployment of platform – phase I Q2 2018 Production deployment of platform – phase I Deployment of Consumer Facing Web Application Q4 2018 Production deployment of platform – phase II Contract focus areas: Term Life, Dismemberment Deployment of mobile app Continue building network of Validators and Assistants Q2 2019 Production deployment of platform – phase III Contract focus areas: Consumer goods, Property Project Details Incorporation Status: Bit Life Insure Corp., Delaware, 2017 Team Openness: Fully transparent Technical Lead: Michael Howton Token Details Role of Token: Payment rights, voting rights Token Supply: 100 million Distributed in Token Sale: 70 million Blockchain: Ethereum Consensus Method: Proof of Work Pre-Token Sales Event for registered users: Event period: September 12, 2017 to September 20, 2017 Participants: Registered Purchasers Registrations Site: www.bitlifeandtrust.com/registration Token Sale Event Details: Event period: September 25, 2017 to October 30, 2017 First price: 1 ETH = 400 BLT Accepted currencies: ETH Round: First Sale Token Distribution: November 2017 Min sales goal: none Target sales goal: 120,000 ETH Max sales cap: 166,000 ETH Bonus Schedule: No Bonus Market Participants: http://imgur.com/DlHSgEE Contact Us: https://i.imgur.com/YXfN3J2.png (https://www.bitlifeandtrust.com/) https://i.imgur.com/QzAP87P.png (https://twitter.com/BitLifeAndTrust) https://i.imgur.com/Mr5fS4p.png (https://www.facebook.com/BitLifeAndTrust) Our Team
Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: Bolopecah on August 24, 2017, 01:26:56 AM http://robottia.com/BLTImages/BLT_Big_White.png http://robottia.com/BLTImages/Secure_your_future.JPG Token Sale and Pre-Sale Event Information [ Website (https://www.bitlifeandtrust.com/) |White Paper (http://robottia.com/BLTImages/BitLifeAndTrust_Whitepaper_58.pdf) ] [ Pre-Sale Registration Site (http://bitlifeandtrust.com/registration)] I. The Vision Prior to the modern age, communities formed around geographic locations. These communities shared in each other’s success and losses. When a member of the community suffered a loss, each of the community members would help in covering the cost of the loss. As the world modernized, companies formed to take over this assignment, in the form of insurance, and communities began to disconnect from the process. Today, the world is growing into a global community where geography is no longer a necessary limit. We believe the global community can be brought closer together and gain a vested interested in the well being of there fellow humankind through a globally shared trust, built and secured on the blockchain. II. The Plan Blockchain technology is poised to create disruption in and across many industries. It’s power to bring communities closer together is driving new innovation. Traditional markets have been structured around centralization and consolidation of power. No longer does the power, money and influence need to benefit the very few. Through blockchain and smart contract technology, BitLifeAndTrust aspires to disrupt the conventional broker markets in the insurance industry by returning the power of the markets to the communities which support it. BitLifeAndTrust will build a protocol for insurance products that are selected, funded and managed for the benefit of society. Our participants are you and others who fund the work of this project, the insured, who are made whole after a loss and everyone who believes in transparency without geographic boundaries. We aim to reduce the cost of all insurance in life, property, consumer goods, legal and others by putting the insured first. We aim to simplify claims processing by shifting the financial incentives from the seller to the claims processor and by creating competition among processors. Let’s together achieve the right to build a brighter future for you, those you care about and our global community. We invite you to participate in our shared beliefs, aspirations and desire for success. Thank you to the creators of blockchain, cryptocurrency and smart contract for making this all possible. III. Timeline Q2 2017 Initial platform design Development of Dapp logical design Website launch Q3 2017 Buildout of core team and advisors Published Whitepaper Token Issuing Event Q4 2017 Begin Validator recruitment Platform development Testnet deployment of platform – phase I Q2 2018 Production deployment of platform – phase I Deployment of Consumer Facing Web Application Q4 2018 Production deployment of platform – phase II Contract focus areas: Term Life, Dismemberment Deployment of mobile app Continue building network of Validators and Assistants Q2 2019 Production deployment of platform – phase III Contract focus areas: Consumer goods, Property Project Details Incorporation Status: Bit Life and Trust Co., Delaware, 2017 Team Openness: Fully transparent Technical Lead: Michael Howton Token Details Role of Token: Payment rights, voting rights Token Supply: 100 million Distributed in Token Sale: 70 million Blockchain: Ethereum Consensus Method: Proof of Work Pre-Token Sales Event for registered users: Event period: September 12, 2017 to September 20, 2017 Participants: Registered Purchasers Registrations Site: www.bitlifeandtrust.com/registration Token Sale Event Details: Event period: September 25, 2017 to October 30, 2017 First price: 1 ETH = 400 BLT Accepted currencies: ETH Round: First Sale Token Distribution: November 2017 Min sales goal: none Target sales goal: 120,000 ETH Max sales cap: 166,000 ETH Bonus Schedule: No Bonus Market Participants: http://robottia.com/BLTImages/Process_flow.jpg Contact Us: https://i.imgur.com/YXfN3J2.png (https://www.bitlifeandtrust.com/) https://i.imgur.com/QzAP87P.png (https://twitter.com/BitLifeAndTrust) https://i.imgur.com/Mr5fS4p.png (https://www.facebook.com/BitLifeAndTrust) Our Team
Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: ngerok on August 24, 2017, 01:30:00 AM reserved
Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: AmoreJaz on August 24, 2017, 01:39:23 AM to offer insurance legally should there be some kind of fund or bond that assures the validity of said insurance? simply because it is on the blockchain does not justify the lack of regulation by insurance issuers.
Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: PuraPuraBego on August 24, 2017, 01:47:30 AM Are you sure ? about transcation on insurance using a nature anonymous ? Thats really be a big problem. were all transactions must transparent, while the bitcoin is the opposite. Because it concerns about insurance that is clear and must happen.
Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: bitlifeandtrust on August 24, 2017, 01:49:23 AM to offer insurance legally should there be some kind of fund or bond that assures the validity of said insurance? simply because it is on the blockchain does not justify the lack of regulation by insurance issuers. The fund value is the total market cap of the token, the tokens are both used to fund and payout the policy. We are working with regulators as required. Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: bitlifeandtrust on August 24, 2017, 01:55:38 AM Are you sure ? about transcation on insurance using a nature anonymous ? Thats really be a big problem. were all transactions must transparent, while the bitcoin is the opposite. Because it concerns about insurance that is clear and must happen. You cannot buy insurance as an anonymous person but the insured can mask their identity in the contract using services such as Civic. Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: bitlifeandtrust on August 24, 2017, 08:19:05 PM Pre-sale begins September 12th, 2017 for registered users!
Register at http://bitlifeandtrust.com/registration Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: bitlifeandtrust on August 28, 2017, 11:46:29 PM Pre-sale starts in 15 days! Register now
Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: bitlifeandtrust on September 01, 2017, 02:30:47 AM Pre-Sale in 12 days. Download the whitepaper today!
Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: TimeTeller on September 01, 2017, 04:21:28 AM This kind of concept is a bit complex. There have been few insurance-related crypto projects here so I don't know what advantage of this will offer to the community.
And what type of insurance you are going to prioritized first? There's more than blockchain that is involved here upon claiming what you paid for. And will take time to really get what is owed to you. This will not secure your future. Just my thoughts though. Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: bitlifeandtrust on September 03, 2017, 09:49:51 PM This kind of concept is a bit complex. There have been few insurance-related crypto projects here so I don't know what advantage of this will offer to the community. And what type of insurance you are going to prioritized first? There's more than blockchain that is involved here upon claiming what you paid for. And will take time to really get what is owed to you. This will not secure your future. Just my thoughts though. TimeTeller, Thank you for your feedback and thoughts. We are in agreement, this will not be simple project, the code is not difficult but the market place can be. We believe it is a worthwhile and meaningful project. There are real problems for beneficiaries in the insurance markets today. Much of this is do to lack of visibility within the industry, but there are other issues as well. Our first product will be Term Life Insurance and will probably release outside the US to start. There are a few insurance related blockchain projects, we see this as a positive, some may fail but others will succeed, all will bring visibility and adoption to the consumer. Our approach is significantly different from the other projects I have seen. We also believe our leadership team is very strong and involved for the long-term. Anyone can have an idea, execution is what makes the difference. Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: grifinmch on September 03, 2017, 10:20:10 PM Insurance projects are a very big project and this is not easy. I see there are only 3 people in the team, what could bring this project a success?
Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: bitlifeandtrust on September 04, 2017, 04:59:53 AM Insurance projects are a very big project and this is not easy. I see there are only 3 people in the team, what could bring this project a success? Thank you for your question. We are fortunate to have access to industry experts with whom we will be working on a contracted bases. The goal is to create a distributed community driven ecosystem and not a centralized company. For this reason the core team will remain fairly small but will grow beyond its current size. The design of the platform incentivizes existing licences insurance companies to work and negotiate with the regulatory organizations in their respective markets. Success will be reached through relationship building, offering sell-able insurance products and delivering profits for sellers and servicers. Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: bitlifeandtrust on September 04, 2017, 03:05:56 PM Where did the idea for BitLifeAndTrust Project come from?
Read our article on medium.com https://medium.com/@MikeHowton/where-did-the-idea-for-bitlifeandtrust-project-come-from-e1976e8f1599 Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: Masonhoff on September 04, 2017, 03:59:37 PM Need to learn more in this coin, I think is very interesting ;)
Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: tonlong on September 04, 2017, 04:05:55 PM Need to learn more in this coin, I think is very interesting ;) What do you need to learn more in this coin? All more infomation that you need in roadmap and whitepaper. More ICO coin and more popular crypto.Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: bitlifeandtrust on September 13, 2017, 11:52:16 PM http://BitLifeAndTrust.com (http://BitLifeAndTrust.com) Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: larfme on September 16, 2017, 11:48:32 PM Weekly update about the project here in our Reddit post.
https://www.reddit.com/r/BitLifeAndTrust/comments/70k8tl/working_hard/ Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: JavaLove on September 16, 2017, 11:54:08 PM Hello,
Do you plan to add somebody to your team with experience in Insurance sector? As currently you have only IT experts in your team. Just adding blockhain to a business is making it a successful one. Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: larfme on September 17, 2017, 01:18:27 AM Hi Javalove,
Yes, I was previously a licenced agent in Life, Health and Disability insurance and we are working with an adviser who has been with one of the largest US insurance companies for many years. Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: bitlifeandtrust on September 23, 2017, 02:39:20 AM Token Sale event begins Monday at 8:00 AM Central Daylight Time Visit http://BitLifeAndTrust.com to get the Ethereum Contract Address Today! Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: dmitry_mnemonic on March 06, 2018, 08:31:21 AM Hi there.
What is the current status of the project? I cannot find any new info. Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: maryannsoriano1145 on March 29, 2018, 06:10:50 AM this is a very big project and this is not easy.hope this project will successful and hope the team will update more information in here
Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: zyrenhufalar11 on April 09, 2018, 04:03:49 AM as i read the information above this project looks like a comprehensive one that i might invest a little soon btw does ellon support this project?
Title: Re: [ANN][ICO] Bit Life and Trust - Insurance powered by the Blockchain Post by: farmsucquaycons on April 10, 2018, 11:04:21 AM Cool project. Managed to get into Alpha. |
