The Bitugene Project will not reduce the price of Crude oil and its products. It is a channel for fast settlements - basically speaking.

👌👌👌👌👌👌👌
Many thanks to all who participated in the presale in one way or the other. It was a success!

❤️To speeden things up and get listed in exchanges( latest Feb. 4th) we are starting our ICO as planned.

👍Participants are enjoined to continue supporting the project and we will get there

❣https://bitugene.io/register

💝The main ICO has started and will terminate on the 31st of January, 2018.💚

💥💥💥💥
This is to inform everyone that our second airdrop is still up and running and, everyone is eligible to participate.

✅Kindly go to our Airdrop page, available at http://bitugene.io/airdrop

🤝Ensure you promote the ICO details, your referral link (so you can earn Bitcoins) and most of all, our unique brand and idea. The tokens for the main ICO costs $0. 3/TBP token.

Not entirely true, the Bitugene Project is not limited to companies and individuals in the oil and gas sector alone. The Bitugene Project is targeting everyone who uses petroleum products. A quick search on Google will bring an exhaustive list of what these products are. The project is not targeted at automobiles alone.

The issue has been resolved and website is now accessible. The bounty program and preICO continues. We have less than 200k tokens left... It costs $0.1/TBP token


Thanks to everyone.

No. The prices for the Presale and mainsale were fixed by our management. We are currently working on the publicity as much as we can, one of the reasons why the bounty program is live.

Sorry for the delays. We are currently focusing on promotional offers on listings/monitors and airdrop so, I'll make replies as concise and precise as possible

1. Russia.
2. Our base is in Russia. However, the Bitugene Project spearheaded by the CEO is in the process of securing deals in the middle East and Asia and subsequently, Europe.
3. Currently, apart from the team members listed on our website. We have an estimate staff of about 15 members.
4. In our Telegram group, before the ICO was put on hold. We told all team members, irrespective of their country to quickly update and forward every public profiles over but, we had to make a compromise owing to the problem we faced during the Ethereum campaign. All teams, were re -dedicated to pressing issues. However, we are informing all via a conference chat shortly.
5. We were rated 9/10 or so on a Telegram ICO rating made available to us by an investor. However, we are trying to secure press releases and official ICO ratings.

Thanks. Stay positive! We are wishing a Merry Christmas and a Prosperous New Year to all and sundry.

Although we are quite aware of other energy like solar and electrical powered vehicles, the petroleum market has been able to remain rock-solid in terms of market share apart from dwindling prices. Do not forget that apart from gasoline, petroleum can be used to make other products.

Sorry for the late replies.

We are currently on the Presale stage. The details for the PreICO can be found below:


Start Date - 19/12/2017
End Date - 01/01/2018
Price -$0.1/TBP token
Total number of coins - 2 mil
Minimum donation - $10
Bonus:
$100 - $450 (+5%)
$451 - $1000 (+10%)
$1001 - $3000 (+15%)
$3001 - $10000 (+20%)

Our currency is meant to be used by all and sundry as far as the whole oil and gas process is concerned. For example, individuals can pay for gas/petrol using our currency. A high-level overview is available in our Whitepaper. Basically, it is a currency that facilitates settlement of petroleum products. Thanks.

Thanks everyone for your inputs. We are aware of the server overload on the website due to high demands from investors. The website is now live, however, we are still working round the clock for a permanent fix. In the meantime, investors can purchase the TBP tokens at $0.1 currently via Bitcoins.

ABSTRACT
The Bitugene Project is a blockchain driven application designed with flexibility, scalability and functionality in mind. Bitugene serves to create a platform where petroleum and other petroleum products can be traded securely. It gives potential customers and merchants the means to diversify and, the room for all and sundry to checkmate arbitrary prices.

BACKGROUND AND PROBLEM
While there are many challenges befuddling the oil and gas industry all over the world such as supply chain management, logistics, pricing etc., the Bitugene Project will, however, focus its attention on flexibility and ease of service. Undoubtedly, blockchain is a new force to reckon with in the financial sector within the past five years, several business models have been implemented on the blockchain.
One striking feature about blockchain is its decentralized nature, it tries to give people power over their finances by removing an intermediary. Some problems within the petroleum space that the Bitugene Project will address includes but not limited to:
•   Delayed settlement in paying for petroleum products such as gasoline. This project, with the help of its tokens, will make payment almost instantaneous;
•   Inefficiencies resulting from players in the supply chain such as the delay or duplication of contractual agreements;
•   Single point of failure in the supply chain may occur due to a hack, fraud or mistake;
•   Rigidity available in the current mode of operation;
•   Expenses associated in times of dispute.


SOLUTIONS
In the light of the aforementioned problems, some of the key solutions have been highlighted below. Recently, the price of a barrel of crude oil has been at its lowest ebb and leveraging on the blockchain technology can help increase the profit of all and sundry in this industry. The solutions to be employed are listed below (not limited to these):
•   Flexible and instantaneous settlements;
•   Removal of an intermediary;
•   Immutability;
•   Increase in transaction visibility;
•   Increase in trust between users;
•   Reduce vulnerability;
•   Increase efficiency and effectiveness;
•   Ease of service

TECHNICAL OVERVIEW
The Bitugene Project provides a platform where cheap, reliable and secure access to petroleum and petroleum products can be realized. Companies/Merchants and potential customers can carry out business peer to peer on the network thereby enhancing efficiency, productivity and eliminating time wastage, increased overhead costs, ambiguity and complexity. The project will be centered on existing applications (open-source) in order to ensure compatibility with already developed software(s) in the cryptocurrency market.
Our platform is blockchain-based, this will help in widening the adoption of blockchain technology in every sector of business and most especially, in the oil and gas sector. This will ensure decentralization and distribution of units in the industry at large. The features of the project are
•   Peer to peer trading of petroleum assets
•   Blockchain applications for exchange and conversion of cryptocurrencies
•   Digitization of petroleum assets
•   Building a decentralized infrastructure for the oil and gas industry at large
The platform will use the TBP tokens for exchange of value. The Bitcoin (only for the Main ICO) and the Ethereum blockchain will be used for the token generation event.



APPLICATIONS
Applications that will be built throughout the lifecycle of development on The Bitugene Project are listed below:

• Wallet
• Marketplace
• Bitugene Debit Card
• Baclkoffice
• Petroleum Aggregator
• Bitugene Exchange

Token Details
The sole purpose of the Bitugene ICO is to raise funds for the design, development and implementation of applications for the Bitugene Project. The Bitcoin (only for the main sale) and Ethereum blockchain will be used for raising of funds for the project. However, the Ethereum blockchain is the primary platform for our ICO.

Required Information
•   Donations will be accepted in Bitcoins.
•   The main Initial Coin Offering (ICO) will last for 30 days
•   All unsold tokens during the Presale and main sale stage will be burnt.
•   If the minimum required capital of 1 000 000 USD is not reached at the end of the crowdsale, all funds will be refunded to the address it was sent from (take note).
•   Hard cap is pegged at 3 000 000 USD.
•   Bonuses will be given during the presale and mainsale respectively. That is, $100 - $450 (+5%), $451 - $1000 (+10%), $1001 - $3000 (+15%), $3001 - $10000 (+20%). The maximum donation  per individual is pegged at $10000


THE TEAM

SUMMARY
The Bitugene Project is the first blockchain project to beam its searchlight on petroleum and petroleum products. During the full-scale operation, the platform will help connect oil and gas companies with customers. This will, of course, increase the visibility of all petroleum products on the internet as assets and, flexibility and ease of service will be guaranteed.
Price prediction of TBP tokens as it hits the cryptocurrency exchange according to our experts is targeted at slightly over $1.07, reasons being “first of its kind” and the rate at which petroleum products are affecting our day-to-day living.

WEBSITE - https://bitugene.io

WHITEPAPER -  Whitepaper EN

TWITTER - http://twitter.com/@bitugene

TELEGRAM - http://t.me/bitugene


UPDATE - In talks with popular exchanges such as Poloniex, Bittex, Cryptopia and Yobit in order for TBP to be listed as soon as the mainsale ends.




Investors can earn Bitcoins which they can withdraw immediately by referring other users via their referral link.

ABSTRACT
The Bitugene Project is a blockchain driven application designed with flexibility, scalability and functionality in mind. Bitugene serves to create a platform where petroleum and other petroleum products can be traded securely. It gives potential customers and merchants the means to diversify and, the room for all and sundry to checkmate arbitrary prices.

BACKGROUND AND PROBLEM
While there are many challenges befuddling the oil and gas industry all over the world such as supply chain management, logistics, pricing etc., the Bitugene Project will, however, focus its attention on flexibility and ease of service. Undoubtedly, blockchain is a new force to reckon with in the financial sector within the past five years, several business models have been implemented on the blockchain.
One striking feature about blockchain is its decentralized nature, it tries to give people power over their finances by removing an intermediary. Some problems within the petroleum space that the Bitugene Project will address includes but not limited to:
•   Delayed settlement in paying for petroleum products such as gasoline. This project, with the help of its tokens, will make payment almost instantaneous;
•   Inefficiencies resulting from players in the supply chain such as the delay or duplication of contractual agreements;
•   Single point of failure in the supply chain may occur due to a hack, fraud or mistake;
•   Rigidity available in the current mode of operation;
•   Expenses associated in times of dispute.


SOLUTIONS
In the light of the aforementioned problems, some of the key solutions have been highlighted below. Recently, the price of a barrel of crude oil has been at its lowest ebb and leveraging on the blockchain technology can help increase the profit of all and sundry in this industry. The solutions to be employed are listed below (not limited to these):
•   Flexible and instantaneous settlements;
•   Removal of an intermediary;
•   Immutability;
•   Increase in transaction visibility;
•   Increase in trust between users;
•   Reduce vulnerability;
•   Increase efficiency and effectiveness;
•   Ease of service

TECHNICAL OVERVIEW
The Bitugene Project provides a platform where cheap, reliable and secure access to petroleum and petroleum products can be realized. Companies/Merchants and potential customers can carry out business peer to peer on the network thereby enhancing efficiency, productivity and eliminating time wastage, increased overhead costs, ambiguity and complexity. The project will be centered on existing applications (open-source) in order to ensure compatibility with already developed software(s) in the cryptocurrency market.
Our platform is blockchain-based, this will help in widening the adoption of blockchain technology in every sector of business and most especially, in the oil and gas sector. This will ensure decentralization and distribution of units in the industry at large. The features of the project are
•   Peer to peer trading of petroleum assets
•   Blockchain applications for exchange and conversion of cryptocurrencies
•   Digitization of petroleum assets
•   Building a decentralized infrastructure for the oil and gas industry at large
The platform will use the TBP tokens for exchange of value. The Bitcoin (only for the Main ICO) and the Ethereum blockchain will be used for the token generation event.



APPLICATIONS
Applications that will be built throughout the lifecycle of development on The Bitugene Project are listed below:

• Wallet
• Marketplace
• Bitugene Debit Card
• Baclkoffice
• Petroleum Aggregator
• Bitugene Exchange

Token Details
The sole purpose of the Bitugene ICO is to raise funds for the design, development and implementation of applications for the Bitugene Project. The Bitcoin (only for the main sale) and Ethereum blockchain will be used for raising of funds for the project. However, the Ethereum blockchain is the primary platform for our ICO.

Required Information
•   Donations will be accepted in Bitcoins.
•   The main Initial Coin Offering (ICO) will last for 30 days
•   All unsold tokens during the Presale and main sale stage will be burnt.
•   If the minimum required capital of 1 000 000 USD is not reached at the end of the crowdsale, all funds will be refunded to the address it was sent from (take note).
•   Hard cap is pegged at 3 000 000 USD.
•   Bonuses will be given during the presale and mainsale respectively. That is, $100 - $450 (+5%), $451 - $1000 (+10%), $1001 - $3000 (+15%), $3001 - $10000 (+20%). The maximum donation  per individual is pegged at $10000


THE TEAM

SUMMARY
The Bitugene Project is the first blockchain project to beam its searchlight on petroleum and petroleum products. During the full-scale operation, the platform will help connect oil and gas companies with customers. This will, of course, increase the visibility of all petroleum products on the internet as assets and, flexibility and ease of service will be guaranteed.
Price prediction of TBP tokens as it hits the cryptocurrency exchange according to our experts is targeted at slightly over $1.07, reasons being “first of its kind” and the rate at which petroleum products are affecting our day-to-day living.

WEBSITE - https://bitugene.io

WHITEPAPER -  Whitepaper EN

TWITTER - http://twitter.com/@bitugene

TELEGRAM - http://t.me/bitugene


UPDATE - In talks with popular exchanges such as Poloniex, Bittex, Cryptopia and Yobit in order for TBP to be listed as soon as the mainsale ends.




Investors can earn Bitcoins which they can withdraw immediately by referring other users via their referral link.

Hello everyone, it is crystal clear that the Ethereum network is facing a hard time completing transactions. For this reason, the team members and advisors have deemed it fit to put the PreICO on hold. We are currently integrating a user system and a Bitcoin payment system. A new date will be communicated to everyone.

We will address every issue raised in due time.

If you mean to participate in the PreICO, details of how to participate are available at our website. (http://bitugene.io/contribute.php)

Honestly, it is not too much. Simply do the math. Compare our token supply/price and other ICOs. Would you rather prefer 100 million tokens at a price of $0.1? It will equal ours with 10 million supply. However that's not the basis of our price. While drafting the project, we planned to keep the supply low. Take a look at our minimum goal and hard cap. The price quickly came into the picture as soon as we arrived at the total token supply.

Use of funds is clearly written on the Whitepaper. The highlights are:
Legal and advisory
•   Marketing and advertising
•   Incentives on the network
•   Administrative and general business expenses
•   Application development
•   Operational costs
•   Financial analytics
•   Reserve
•   Maintenance

Thanks for the question. The Bitugene Foundation has a list of products/applications we plan to work on as is evident in the Roadmap. After the main crowdsale, the product will be released one after another in phases. Take a look at the Roadmap.

PreSale - это живое!

Перейдите в http://bitugene.io/contribute.php

Доступно только 2 миллиона токенов TBP. Предпродажная цена - 0,35 доллара США.

بريسيل هو لايف!

انتقل إلى http://bitugene.io/contribute.php

تتوفر فقط 2 مليون الرموز تبب. سعر بريزال هو 0.35 أوسد / تبب رمزية.

Thanks for your support. Everything is spelt in the Whitepaper, we hope the community can help make tgis project come to fruition in the petroleum sector.