Bitcoin Forum

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“Change is difficult not changing is fatal” - William Pollard



Bigger problem

Traditional capitalism models built on top of archaic tools, principles and asymmetric knowledge distribution led to creation of many siloed networks and monopolies that are underpinned by centralized power, data and hoarding of incentives. We have seen numerous examples of this pattern from private companies (e.g. facebook) to public organizations (e.g. government).

Proliferation of these applications and interfaces has not only increased noise and complexity to get things done but also limited transparency, wealth creation and power distribution among the network participants thereby amplifying the social divide and keeping our dream of self-sovereignty out of our reach.

We spend many hours on these platforms making valuable contributions while companies running them monetize our time, activities and attention. Moreover there is a serious lack of any robust micro-transaction method that allows anyone to monetize their fractional contributions seamlessly.

What the world needs now is "social capitalism" where everyone has an opportunity to be a solopreneur on top of a unified social platform and framework that they help build and grow.

A flat social economy where connections, knowledge and services are easily accessible and everyone gets incentivized according to their contributions and value addition to the whole ecosystem while maintaining self-governance.

Bottr ecosystem

And this is precisely what Bottr wants to achieve - its mission is to simplify the way world works and build a network-owned meritocratic digital economy through a unified platform that facilitates direct p2p connections, organizes skills and services better, fairly incentivizes value creation and gives power back to the people.

One look through all the noisy interfaces we're used to for our day to day tasks and activities and it becomes clearly evident that we simply seek right human connection to get answers, recommendations, opinions, advice or services - we read blogs written by people, access services provided by people, buy products based on reviews by people.

This has been societal nature since the dawn of humanity and remains very true till date.

Bottr is a next generation social economy powered by smart messaging that makes life simple and rewards you for doing what you love. Your personal chat bot not only connects you with anyone and allows you to manage things that matter - from one place - but also lets you earn for your time and valuable social contributions.

Bottr’s platform is essentially built on four fundamental pillars:

a personal AI powered identity for connection and communication (chat bot)
a cryptocurrency to put value on output and act as a medium of exchange (Botcoin)
a social reputation measure for trust and governance (Botscore), and
a transparent and secure blockchain based infrastructure layer (Botchain).

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With Bottr our vision is to build a smart platform that can power all kinds of information and services in one place and replace redundant interfaces and intermediaries while building a ‘sovereign individual’ economy, which as many believe is the future of work.  

We envisage a future in which to get things done there’s no more juggling with multiple apps, no more wasting time sifting through loads of information and data, no more monotonous learning and working and no more control and incentives in the hands of a chosen few - just do what you want, how you want and when you want.

Results so far

We have been working on this project for over a year and have not only built a great application which people already use but also organically grown the network to ~15k+ bots, ~40k+ monthly sessions, processed ~5m+ messages and carried out ~$150k worth of potential economic activity so far with ~30m+ Botcoins already in circulation.

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All this growth and adoption has been built on zero marketing budget so far. The network is already used by people from all walks of life - from influencers to professionals to small businesses - and has established meaningful connections creating many knowledge sharing and earning opportunities.

Personal Bot

Chat bots are a bit like your chat profiles on any other messaging app where you can invite and chat with your friends, followers, colleagues, customers or anyone else for that matter.

However what really differentiates chat bots on Bottr is their ability to be used for just about anything - personal profile, resume, landing page, blog, FAQ assistant or virtual storefront - by allowing you to create reusable smart content/replies while chatting. As a conversation digital avatar it can then represent you and your information to the world 24×7.

Botcoin utility and benefits

Platform’s currency Botcoin is based on "time is money" principle.

All of us spend overwhelming amount of our time and skills - both quantifiably scarce resources - across various social media activities but so far there was no way to monetize this value created due to lack of intent from the existing companies and availability of a robust micro-transaction method. Botcoin is meant to put a price on these contributions.  

Botcoins are currently used on the Bottr platform to reward the person who's providing value in various ways e.g. responding to messages, receiving tips on replies, creating premium content etc. In the upcoming releases, coins will gain more and more utility as we allow people to buy and sell offerings in the form of products, services and micro tasks.

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In addition, Botcoin will become the universal token as we release more protocols and nurture the developer marketplace to allow external participants to build applications and plugins on top of the platform.

As the supply is finite (1 billion coins), with growth of network and contributions coins are also expected to gain more and more utility value in the Bottr economy. In true meritocratic and transparent way, coins will be introduced/mined into the system and earned depending on how much value each participant is adding to the economy.

Botcoins already have clear utility in terms of valuing network's activity and a public sale gives everyone an opportunity to acquire more Botcoins, participate in the decentralized cryptocurrency movement and join the next generation social economy by using Botcoins for various things on the platform.  

The sale also helps put a fair market price on coins that will serve as a driver to bootstrap network growth as well as appropriately incentivize people for sharing their knowledge, time and providing services while avoiding unwanted speculative investment behavior.

Botscore and Botchain

For the first time ever with Bottr’s smart socio-economic approach we intend to design a system where more objective and fair measures are used to validate someone’s credibility and commitment to the broader society.

Botscore, as a measure of anyone’s social reputation - based on smart assessment of many factors - will be used for many purposes such as governance and commerce.

Using advanced distributed ledger, storage and EPKE (Enveloped Public-Key Encryption) techniques Botchain aims to create a hybrid blockchain solution (using existing blockchains such as Ethereum or Hyperledger) to ensure speed, privacy, immutability and trust.

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We have already rolled out a hybrid blockchain based ledger as a proof of concept for transparency of Botcoin transactions.

Roadmap

We have a clear vision for the next couple of years and beyond in terms of platform development, network growth, governance and coins distribution. We intend to work with everyone - from individuals to government bodies - in the ecosystem to ensure all stakeholders understand this new socio-economic paradigm and are fully behind this initiative.

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With improvements and stability in blockchain technologies and governance/DAO frameworks, we expect ongoing development and decision making of the platform to gradually shift from the current structure to our decentralized fully functioning network itself.

Botcoin sale

A public sale method of fundraising best aligns with our intentions and Bottr’s vision. Funds raised from this sale will be purely used to build the core team, scale infrastructure and develop platform experience. We expect to fully transition to a decentralized structure by 2020. Collected proceeds and Bottr reserves will be managed under the umbrella of HELP foundation.

To keep the onboarding process simple and transparent for end users, the coins will be bought via a multi currency (fiat and crypto supported) payment gateway, stored in Botcoin wallet and recorded in the main public ledger. To meet liquidity needs of network and users, Botcoin should become tradeable on exchanges such as shapeshift, binance after the sale period is over.

Team
The founding team so far is well balanced with right mix of product, technical and marketing skills. The founders are ex Deloitte, KPMG, LSE and IIT. The project is already backed by marquee investors in angel round including 500 Startups, Rajan Anandan (Google MD asia) and Purvi capital to name a few and in the process of onboarding few high profile advisors.