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21  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀🚀🚀 on: December 21, 2018, 08:24:56 AM
why don't you like PoW?

 It takes time each block as you obviously know, also consumed too much energy + resources. Not system wise for an exchange if you’ll look at the big picture.
22  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀��🚀 on: December 21, 2018, 08:23:56 AM
I just want to ask, since you’re Ethereum based exchange, wouldn’t you think scalability would also be an issue?
Hello. I do not think it will. With a high level of automation that Bit Team platform has, it shouldn't be a problem. BTT is ERC20, our platform is blockchain based but not necessarily means that we will have the same network transaction limitation with Ethereum.
We should have a different approach on that  and there are lots of mechanisms that Bit Team platform would implement.  This will be discuss on a technical short paper that we will release soon.

 Okay that sounds great!
An what can you tell about network consensus with respect to time?

Well as you know we are still on PoW (Ethereum). When a hardfork happens that was strategically moved by next year, and so, (block size incrementation can only happen via hardfork) we will move to PoS when Casper V2 is released that will validate every hundred block (checkpoints). Not to mention sharding, which ever comes first it will be inherited by Bit Team platform that will solve network transaction latencies and discrepancies.
23  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀��🚀 on: December 21, 2018, 08:23:21 AM
I just want to ask, since you’re Ethereum based exchange, wouldn’t you think scalability would also be an issue?
Hello. I do not think it will. With a high level of automation that Bit Team platform has, it shouldn't be a problem. BTT is ERC20, our platform is blockchain based but not necessarily means that we will have the same network transaction limitation with Ethereum.
We should have a different approach on that  and there are lots of mechanisms that Bit Team platform would implement.  This will be discuss on a technical short paper that we will release soon.
24  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀��🚀 on: December 21, 2018, 08:19:23 AM
Is the ICO still on going?

Yes it is. Feel free to visit our token sale website https://token.bit.team and participate early! Smiley
i actually invested during the first round and will come for more that's the reason I ask! Cheesy
that sounds great!
25  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀��🚀 on: December 20, 2018, 01:13:37 PM
Is the ICO still on going?

Yes it is. Feel free to visit our token sale website https://token.bit.team and participate early! Smiley
26  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀��🚀 on: December 20, 2018, 11:23:01 AM
I’d like to ask you what are the main challenges of the project and how are you going to tackle them?

Probably, the question that we take the most seriously is the issue of security of our exchange and the competition on the market.


Can we check your smart contract please?

Sure! This is the address of our smart contract: https://etherscan.io/address/0x73e603c31d000051bf49c917113d020bcb435535
27  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀��🚀 on: December 20, 2018, 11:21:38 AM
I’d like to ask you what are the main challenges of the project and how are you going to tackle them?

Probably, the question that we take the most seriously is the issue of security of our exchange and the competition on the market.
28  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀��🚀 on: December 20, 2018, 11:20:02 AM
Is BTT a utility token?

Based on its characteristics describe in our WP, yes it is.
29  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀🚀🚀 on: December 20, 2018, 11:18:46 AM
What will distinguish this product from other similar projects?


For example, BIT.TEAM users can set their own desired exchange price when publishing a crypto purchase or sale request ad; Each trader has their own rating on the website dependent on the number of their successful transactions; users can also leave reviews about each other; Users are free to choose from a number of profile security level settings; etc.
30  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀��🚀 on: December 20, 2018, 11:17:47 AM
What are the countries that is not allowed to participate on the project?
Singapore, USA, China
31  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀��🚀 on: December 19, 2018, 02:52:48 PM
any PoS?

Hi, Bit.Team platform runs on Ethereum blockchain and inherits characteristics thereinto.
Okay but your TPS is unlikely similar because ethereum is absolutely incapable of handling larger transaction than it use to.

Bit.Team has a unique approach to scalability of transactions when it comes to that, since the model that we have is designed to handle hundreds and thousands of transaction per second, we will not be having the same issue with that level such Ethereum has. More detailed technical properties to be posted soon! Thanks!
32  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀��🚀 on: December 19, 2018, 02:47:36 PM
any PoS?

Hi, Bit.Team platform runs on Ethereum blockchain and inherits characteristics thereinto.
33  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀🚀🚀 on: December 19, 2018, 01:37:51 PM
do you think you'll have some scalability problems without your own blockchain? I mean Ethereum's really going on scalability problems going on 15 TPS.
With a high level of automation that Bit Team platform has, it shouldn't be a problem. BTT is ERC20, our platform is blockchain based but not necessarily means that we will have the same network transaction limitation with Ethereum.
34  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀🚀🚀 on: December 19, 2018, 12:31:53 PM
What kind of problem do you solve?

There are two major issues that BIT Team aims to resolve:

1.) Impossibility to buy cryptocurrency directly. In order to enter a digital exchange, one generally needs to first purchase cryptocurrency from intermediaries at an elevated price. A trader’s losses in this case range from 2% to 15% (sometimes even more).
Complicated mechanisms of digital exchanges. Overloaded exchange interfaces are aimed at experienced traders. They impede the development of the cryptocommunity due to their very steep learning curve.
High risks when trading at an exchange. Even for skilled traders, an exchange is associated with high risks: it is very difficult to account for all the factors and achieve the desired result – that is, buy or sell cryptocurrency at an optimal price.


2.) High prices when buying directly through an exchanger. A trader wishing to purchase cryptocurrency for fiat has to confront high intermediary fees and commissions for deposits and withdrawals, ranging between 2% and 8%.
Our platform provides a complex solution to all these issues.
We offer the best exchange terms and a high degree of automation; all that a trader will need to control personally is the transfer of funds into his or her account.
35  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀🚀🚀 on: December 19, 2018, 11:20:13 AM
It would be best if you can create your own blockchain I think.
We will surely come in discussion regarding that matter. Thanks.
36  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀��🚀 on: December 19, 2018, 11:14:28 AM
What is your approach to blockchain tech development?
Our approach to the development of blockchain technology focuses on creating a secure ecosystem for crypto asset exchange – a platform where individuals wishing to buy or sell cryptocurrency can do so without intermediaries, quickly, and safely.
37  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀🚀🚀 on: December 19, 2018, 10:57:41 AM
What are the platform objectives by the way?

Our platform has three key objectives: 1. Create a user-friendly and efficient framework for cryptocurrency buyers and sellers. 2. Minimize costs by putting buyers and sellers in direct contact, increasing their profits. 3. Give both large players and beginner investors access to a new market.
38  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀🚀🚀 on: December 19, 2018, 10:43:18 AM
How many transactions per second does your blockchain can do?



The transaction sizes and block limits per second are yet to be discussed, but it's deemed to be around 1000 tx per second. Bit.Team has enough servers to carry out multiple transactions at once. Bit.Team is a peer to peer blockchain-based platform exchange.
39  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀��🚀 on: December 19, 2018, 10:40:54 AM
Where will the tokens be stored?

The tokens will be stored in the platform’s internal wallet and become available for trading or withdrawal to a personal wallet after the completion of the token sale.
40  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ICO] 🚀🚀🚀 Bit.Team - New Cryptocurrency Exchange with BTT Token! 🚀��🚀 on: December 17, 2018, 12:26:11 PM
Do you support mining (/being a masternode)?
Unfortunately that is not possible. There will be no mining of tokens.
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