To add to this...

Our idea is more or less to form a group (or crowdfund) the first machine (or machines) to use as a pilot project (MVP).

The pilot project would consist of:

 - Purchasing the first machines (General Bytes)
 - Installation (Locations have been negotiated)
 - Operating
 - Equal Distribution of Fees
 - Showing PROOF of Viability

Then if the pilot project proves to be viable, we could move to a Pre-sale for expansion, if necessary, and everyone who contributed during the pilot project would get a significant bonus for the Pre-sale, if they decided to participate. Then, if this was successful, do the same thing for a full token release (ICO/ITO/STO etc.).

This is why it would be advantageous to have more people involved in the pilot project. A single investor could easily fund the pilot project. A single one-way machine could be implemented for €10K, but then expansion would be more difficult. If 1,000 people contributed 10€, then the expansion could be done through the same group (plus they would retain the full profit share of the growth, plus spread investment risk and operating risk) with no Pre-sale offering necessary. If 10,000 people contributed €1, etc. (huge expansion, no risk, but very little to gain  )

Okay, thanks, I will check the PM. We do have a competitor analysis (for BATM operators) and a lot more detail in the Whitepaper. We didn't put that up yet as we are still seeking answers. Our goal is to get some private funding first, create the MVP, test the waters, and if it works, we could start properly marketing the project.

I agree with viability. The current operators here (Spain) do keep adding machines so the numbers do not lie, however I have seen other machines close down during the same period. So the question remains, does this really work? Which is why we want to implement a few (starting with one) test machines. I believe LOCATION is the big difference, as in most businesses. The numbers show tremendous growth, but we need proof it works before we start marketing ourselves as a successful business.

You mention the airport, but I don't think it is the right location now (I did at first) but now that I really started using Bitcoin the airport is inconvenient for me being in the city, and they are typically far from high traffic areas. Although I do see some other good points for them (people passing through from areas they cannot buy or need to cash out while traveling), but right now I think typical users are more repeat users who use Bitcoin for payment or FOMO speculators.

Also, I think there is a need for adoption (which would create more demand for ATMs). I was stuck without cash recently, and there was NOT ONE SINGLE STORE that I could spend my Bitcoin in order to buy anything of necessity (ie. a grocery store)! Nowhere. So we are also looking at promoting the idea of store owners accepting Bitcoin. There may not yet be a huge demand to buy food with Bitcoin, but had a single market accepted Bitcoin, they would have had my business more than once.

Thank you for the input. We have spoken with several operators local here (we are in Barcelona) and definitely checked the regulations. In Spain, the one-way machines fall under "vending machine" regulations so there is very little regulation and the licensing is very easy (especially compared to the two-way machines, which fall under banking regulations). We plan to use a "one-way" penetration strategy and gradually move into operating a full range of machines and stores.

You are right as well, the people have been helpful. Thanks for your positivity 

Thanks, good questions/comments - This is definitely not an "Announcement" of the project and we definitely need to seek several answers to the project. Are only goal now is the first installation as the MVP.

As far as a prototype, we do not plan on building new machines, only operating them. We will use General Bytes machines.

The Whitepaper is not there, those are only beta type explainers to give an overall idea to the small group of people we have interested in helping to develop the pilot project (it was meant for a private group so I maybe made a mistake to put the link). We do have a Whitepaper which explains the project better but we are still seeking answers. The webpage/project has not been promoted in any way but now that you mentioned it we will update the docs.

Hello everyone,

We have a plan to install and operate Bitcoin/Crypto ATMs across Europe (starting in Spain).

Our first objective is to raise money and implement the first machine (pilot project MVP) to show future investors the project is viable, and then use the pilot model to add machines, eventually creating pilot MVPs in other countries and repeating the process.

The business model is very simple yet should prove to be very profitable. The industry stats show no signs of slowing down - https://coinatmradar.com/charts/ is showing installations are growing daily with the meter at full go.

The project would start with a simple, equal profit share with a goal of developing a fractional ownership program where the token grows in Bitcoin value.

We have big ambitions, however the first step is to get the first machine installed and operating so we can do a test run. We expect to adjust the plan and make the necessary changes as we develop. As well, much of the future financing will come from more traditional areas (typical capital raise).

If you have a similar interest in this type of project let me know.