---

---

Bitres (BIT) is the first value-secure trading instrument and currency created for investors of all kinds.

---

Value-security

Value-security means that the value of BIT can never go under 90% of the original IPO price.
This is made possible by depositing all the gathered IPO funds on the reserve marketplace and placing them as a buy order.
The reserve marketplace then has a buy order at 90% of the IPO price that covers the entire supply of BIT in existence.
The buy order is unremovable and the reserve bitcoin funds are stored separately in an offline wallet for maximum safety.
The reason why it is 90% is that 10% of BITs are left unsold to cover future development costs.

Simply: The price can't fall more than -10% of the original IPO price.

---

Practical example:

Here we have two types of coins:
Coin A= has no value-security; a high-risk, but high-reward investment.
Coin B= has value-security; a low-risk, but still high-reward investment.

Investor A purchases Coin A
Investor B purchases Coin B

Both investors bought from an IPO at the price of 0.001BTC.

Both Coin A and Coin B now fall in price due to unexplained reasons.

Investor A who had purchased Coin A can potentially lose everything.
Cryptocurrencies with no value-security can easily go down even 1000% in price. There are many examples of this happening.

Investor B who had purchased Coin B knows his risks and can not lose more than where the reserve buy order is set at (in this case -10% below IPO price).
Even if every investor decided to sell at once, there would still be exactly enough left in the buy order for Investor B to sell if he wants to.
Investor B had bought at the IPO price and thus can't lose more than 10% of what he invested.
He can securely rest knowing exactly what his risks are and wait for the price to recover.

Investor A has lost a good portion of what he invested and does not know how much the price will continue to go down.
He can either sell in panic or be left stuck at an even lower price, he has no certainty about his risks and can lose almost everything he invested.

Investor B knows that he can not lose more than 10% and waits for the price to recover as he has no reason to sell in panic.
When the price finally recovers, he can sell at a profit or choose to hold for an even higher price.
He knows exactly what his risks are and can make sensible decisions accordingly.

---

IPO
*Open now*  

The IPO selling price is 0.001BTC, putting the reserve buy order at 0.0009BTC.
The amount of BITs sold in IPO determines the amount of total coins.
IPO is open at the alcurEX Reserve Market: alcurex.com
It will end at 2014-09-15 GMT+0

alcurEX is the main exchange where the reserve funds and buy order will be kept.
It is a registered finance and holding company based in Finland:

ALCUREX OY
Register number: 2612007-8 FINLAND

---

Wallets

Demo wallet QT
Demo wallet installer
Other one can download after IPO
 
       

---

PoS (Proof-Of-Stake)

To keep transactions working, BIT has an annual POS of 0.1%. (Real PoS profit varies as all PoS-coin stake do)
The reserve funds will be manually added to at the same rate to make sure that the 90% buy order will always cover all BITs in existence.

Coin specifications:

Name: Bitres aka BitReserve
Short name: BIT
IPO sale: IPO sale at 2014-09-15 GMT+0
IPO price: 0.001BTC
Total coins: The amount of total coins will be determined by the amount BITs sold in the IPO
Bitcoin reserve: 90% of the IPO sale, 0.0009BTC
Bitres is a 100% PoS-based X11 cryptocurrency
Block time: 1 minute
Difficulty target: every block
Stake interest: 0.1% annually
Minimum transaction fee: 0.0001 BIT .. Fees are paid to stake miners
Wallet have "open for staking only" option
Confirmations: 10, maturity: 50
Minimum stake age: 6 hours - max age 30 days
Default RPC port: 17778

---

Homepage

www.bitres.info


Reserve market



Company official details  

---

Exchanges