PM received.  I am not always online and will reply your PM asap. thanks for your patience.

At this moment, we prefer to be anonymous. more details will be available soon after the crowd sale. please evaluate risks associated with BitIoT and make your own decision. This is a self-moderated thread.

Thanks for your support. We are trying to bring their attention and if we make deal with them, the funding more like investment in a startup. we are good at development but need more funds in market expansion. I do not think they will profit on dumping the coins/tokens since few hundreds of BTC are not much profits to them.  anyway we are still in discussion with them. just stay tuned.

1 What is IoT

The Internet of Things (IoT) is an important part of new generation information technology, which is composed of two main layers:

• The core and founding infrastructure is existing internet we are using on daily basis. IoT is the new expansion on the internet.  
  
• The physic expansion between different objects, with data exchange and communication. The outlook of IoT is “Everything connected and communicating.”
  

The Internet of things is based on the Internet, through the RFID technology, infrared sensors, GPS, laser scanners and other information sensing equipment and technology, according to the agreed protocol, the reality of objects connected to the Internet to exchange information and communication, the network system to realize intelligent identification, location, tracking, monitoring and control the. The basic characteristics of the Internet of things are the overall perception, reliable transmission and intelligent control.   The different between IoT and internet lies in the focus on M2M(machine-to-machine) and P2M(person-to-person) other than  P2P (person-to-person).

M2M is a network that connects any object to the Internet according to protocols that are agreed on. according to Worldwide Market Forecasts 2012-2017
（Published: 2012）"The internet of things and machine to machine communications sectors are projected to be the fastest growing technology segments of the Information Technology (IT) sector in the next 3 to 5 years, with a significant potential investments from companies to secure their computing environment.
IoT & M2M communication market in 2011 was worth $44.0 billion, and is expected to grow $290.0 billion by 2017. It is expected to have an increasing CAGR of 30.1% from 2012 to 2017.”

2 What is BitIoT

The existing IoT relies on centralized hubs or servers running on the back end for data communication, and the cost concern and life expectancy are among top barriers for major adoption of IoT in daily life.

The purpose of BitloT is to bring self-managment to devices, making a low-maintenance network. to make it simple, all devices are running in a decentralized platform, which is much like a distributed could network, which is more sustainable due to the reliable cloud network rather than central server, and significantly lower the cost.


The Blockchain tech inherited form Bitcoin is a major advancement in cryptographic and IoT, which can solve the trust node problem in millions of connected devices.

BitIoT will adopt and evolve such tech in existing IoT Dapp. We will start from experiment on existing project, which is already approved working in our industry. our vision is adoption of blockchain and side-chain tech if possible. Our purpose is bringing bitcoin to every users.

BitIot wallet will incredibly reduce the bitcoin validation time  on mobile/pc end and device end, which will empower major adoption of BTC,  Our competition is not only from Bitpay  but also from squereup.com or localregister.com (Amazon), bringing e-commerce to everyone, low fees, no registration. The user-friendly app will be available in android and IOS for retailers and customers in near future.


3.   Road Map

• Completion of IPO 2014.12
• Hire new team members and develop IoT OS/Wallet  2015.1
• Venture investment  2015.2
• Completion of first IoT OS  (70% done) 2015.2
• Testnet of bitIoT and first experiment  (Dapp) 2015.2
• Debugging of IoT OS and first Dapp 2015.3
• Android and IOS APP 2015.3

4 Funding Plan

Venture Capitalist      60%        (we are in deep discussion with a renown venture capitalist) 600,000,000 BitIoT tokens.
Team members：      20%        200,000,000 BitIoT tokens.
Crowd Sale：            20%        200,000,000 BitIoT tokens.


Crowd Sale Guide:

Crowd Sale address: 19eivV73nqMxnCARxHNevFEyKL43MYYPPm

• Read the Disclaimer  before sending your BTC.
• Participants/investors need a bitcoin wallet in there own control. DO NOT SEND FROM EXCHANGE EVER. We are not responsible for any lost due to buyers’ negligence of risk.
• Send your investment to the BTC address.
• Send a PM to BitIoTapp with your TX ID, sending address (YOUR BTC ADDRES), Signed Message, Signature on your btc client.

     for example:
    1). Tx ID: *************
    2).  Sending Address: *********
    3).  Signed Message:  IoT is endless possiblity
    4).  Signature: IPNGAJCGwb4YpS0CpXouHlvqyC01A4E486pDfIKXw4Mjf3GbZb6/NMDdGj3Co9lt6KT+QD6HXYlzSDpKHqnrDho=
    *do not disclose the aforesaid information to anyone except BitIoT bct account. we use above information to verify your investment only.

• Read the Disclaimer again before sending your BTC.

Disclaimer: No ceiling or floor set for crowd sales, invest at your own risk. We will close the door any time in one month. the amount of tokens you get will depends on the amount of BTC we raise at certain point of time, which will not last more than one month. Investor can track his own investment on blockchain.info, and we will release a public ledger soon after crowd sale.

DO NOT SEND FROM EXCHANGE EVER. We are not responsible for any lost due to buyers’ negligence.

Do not paste TX in this thread, which is not allowed by BCT.  Only PM us to protect your investment from any damage.


6 Who we are (team building is still in development. we prefer a small but strong one)


   1).   2 Ex Siemens Senior Engineers, C/C++,TMS320C3x,TMS320C5x，project managment
   2).   1 Ex Google Engineer, android
   3).   1 Blockchain developer, blockchain, side-chain
   4).   Marketing

Follow us on twitter  

7. First Dapp
Our first Dapp is intelligent logistics system based on cloud computing. the Dapp will use  RFID in IoT. to be specific, we will realize intelligent parking management on bitcoin chain. The management OS requires fast validation on bitcoin chain, with multi-signature and smart contract. We are also developing user-friendly app on both retailer client and user end, actually, they are same app, but more powerful bills/invoices /report solution on  retailer client, in this case, intelligent parking service.  We believe we can soon promote our solution to thousands of business sectors. in the end, people can pay any bills where bitcoin accepted.

our Whitepaper for  intelligent logistic system (parking)
https://mega.co.nz/#!6kthTCpC!qrya-LDnk9GCzmKXUgom2ZIXxhAYSiBkhgnl10FlOCQ


* this is not final version. we haven't complete integration of blockchain part in our paper works. We prefer to release more info upon delivery of our products.