[ANN] Bitland - ICO - Decentralized Land Registry

[tuvok007]

Wow, this thread is full of sexy brothers!

Wot??? I bet you are a boy hiding behind girls name   Are you interested in Bitland Global project or just in "sexy brothers"?

[1714842509]

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[1714842509]

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[tabali tigi]

Just an FYI, some of these people were involved in an ICO for another coin, Prozcoin.

Here was L. Christopher Bates last message: https://bitcointalk.org/index.php?topic=740383.msg10724258#msg10724258

So he only had to respond to two messages, yet kept all the ICO funds.  Same thing might happen here.

Thanks for the info. I wasnt aware of it.

That is a complete misrepresentation of what went down.  Everyone who bought into Prozcoin got their tokens bought back from them by Tim Frost.  He made sure to compensate EVERY holder of Prozcoin that supported the project.  By the time that post had come up in the thread, people had been bought out for over 3 months, and there were no people holding Prozcoin.  The thread was overrun by trolls, and that is who that response was to.

I have the transaction logs for everything including the buybacks.

The community support was great for that project, it was just underfunded.  The people who participated were all compensated, which is why THEY aren't the ones bringing this up.  If you go read the entire thread, you'll see exactly what happened.

Cheers!

Chris

[mchwierutSC]

Hi Bitland team. We're trying to collect and distill information about ICOs. We've done a preliminary post about Bitland here (http://www.smithandcrown.com/event/bitland-ico/). Comments or corrections welcome.

There are two questions we couldn't answer.

1. How exactly will Cadastrals be used in the final system? Who would buy them and who would sell them? We assume the supply is fixed - no new minting, no destruction of Cadastrals in transactions.

2. The Whitepaper gives some details about how the 30 million will get distributed that generally match the announcement thread, but we wanted to make sure that both are accurate. The White paper says:

"20 million will be sold in the ICO, 3 million in block rewards, 2 million for bitlands employees and contractors, 1 million through direct sales establish a multi-currency reserve, and 4 million to sell directly to governments to issue initial contracts" while the announcement says "21 million Cadastrals will be sold during the ICO hosted by Crypto Currency Exchange Denmark(CCEDK). The remaining 9 million is allotted for distribution over 99 years for various purposes."

Could you clarify?

Finally, out of curiosity, why not partner with Factom on this?

Thanks!

[tabali tigi]

Hi Bitland team. We're trying to collect and distill information about ICOs. We've done a preliminary post about Bitland here (http://www.smithandcrown.com/event/bitland-ico/). Comments or corrections welcome.

There are two questions we couldn't answer.

1. How exactly will Cadastrals be used in the final system? Who would buy them and who would sell them? We assume the supply is fixed - no new minting, no destruction of Cadastrals in transactions.

2. The Whitepaper gives some details about how the 30 million will get distributed that generally match the announcement thread, but we wanted to make sure that both are accurate. The White paper says:

"20 million will be sold in the ICO, 3 million in block rewards, 2 million for bitlands employees and contractors, 1 million through direct sales establish a multi-currency reserve, and 4 million to sell directly to governments to issue initial contracts" while the announcement says "21 million Cadastrals will be sold during the ICO hosted by Crypto Currency Exchange Denmark(CCEDK). The remaining 9 million is allotted for distribution over 99 years for various purposes."

Could you clarify?

Finally, out of curiosity, why not partner with Factom on this?

Thanks!

I will answer your questions in the order presented:

1.  Cadastrals will be the de facto currency of the Bitland infrastructure.  This will allow investors to enter contracts with organizations looking to get loans or investors.  The contracts and ROI will be decided by the contractor/investor, as Bitland will have no say in those terms, but the platform will be where the transactions take place and are recorded onto the blockchain.  The buyers would be people looking to invest in developing countries but also want to guarantee government oversight, as we are working with the Land Administration Project in Ghana to make sure all the transactions are legit and legal.  No new coins will be minted, and the token is hard capped.

2.  Yes, this is 100% accurate.  If you look in the White Paper, you will see that this project has a 4 year plan that goes beyond the Pilot.  We are trying to develop an infrastructure that can be applied across not only Ghana, but to other developing countries and developed countries as well.  Since Ghanaian land titles have an upper limit of 99 years, our distribution of 3 million Cadastrals to the Oracles that witness the smart contracts will happen over the next 99 years.  Any Cadastrals that go into the system will not be destroyed, but will be added to the Oracle pool to be distributed on the same 99 year cycles.  There are also tokens set to be sold to governments as we seek out government contracts to get the large scale development of infrastructure completed.

Here is the breakdown from the White Paper:

-10 Million tokens for ICO at phase 1
-10 Million tokens for ICO at phase 2
-1 Million To Establish Basket of Currency Reserve during ICO Period
-2 Million to Pay Bitland Employees/Independent Contractors
-3 Million Designated to Smart Contract Oracles distributed over next 99 years
- 4 Million For Reserve for Governments to buy tokens, then pay out contracts through Bitland
Global GUI/Hardware

As far as why not partnering with Factom, there are various reasons.  I am a former Community Leader at Factom, and at one point Bitland was considering using Factom.  However, it was made immediately clear that Factom is more like SQL or Excel than a specialized land registry application.  Factom is not set up to handle anything except the actual "recording" of data.  In that regard, Factom is set-up for ANY type of record, and while simply recording titles would be great, we need much more indexing functionality than Factom has, and on top of that Factom cannot guarantee that the local electricity will be working.  The biggest problem with applying blockchain technology to developing areas isn't the acceptance, it's the physical infrastructure.  In most of Ghana, rolling blackouts happen multiple times a week.  Using technology that needs Internet access will not be a logical solution in a place like this.  

THIS is why one of the biggest aspects of the Bitland Project is to set up solar-powered wi-fi centers throughout Ghana so that the network will never go down due to electricity.  

I hope this gives some insight, and if you have any more questions, feel free to keep firing away!

Also, we are in the process of making partnerships, and will make announcements as soon as contracts are finalized.

I want to sincerely thank you for posting our ICO on your site without us asking  We appreciate it very much!

Cheers!


Chris

[marechoux]

I will answer your questions in the order presented:

1.  Cadastrals will be the de facto currency of the Bitland infrastructure.  This will allow investors to enter contracts with organizations looking to get loans or investors.  The contracts and ROI will be decided by the contractor/investor, as Bitland will have no say in those terms, but the platform will be where the transactions take place and are recorded onto the blockchain.  The buyers would be people looking to invest in developing countries but also want to guarantee government oversight, as we are working with the Land Administration Project in Ghana to make sure all the transactions are legit and legal.  No new coins will be minted, and the token is hard capped.

2.  Yes, this is 100% accurate.  If you look in the White Paper, you will see that this project has a 4 year plan that goes beyond the Pilot.  We are trying to develop an infrastructure that can be applied across not only Ghana, but to other developing countries and developed countries as well.  Since Ghanaian land titles have an upper limit of 99 years, our distribution of 3 million Cadastrals to the Oracles that witness the smart contracts will happen over the next 99 years.  Any Cadastrals that go into the system will not be destroyed, but will be added to the Oracle pool to be distributed on the same 99 year cycles.  There are also tokens set to be sold to governments as we seek out government contracts to get the large scale development of infrastructure completed.

Here is the breakdown from the White Paper:

-10 Million tokens for ICO at phase 1
-10 Million tokens for ICO at phase 2
-1 Million To Establish Basket of Currency Reserve during ICO Period
-2 Million to Pay Bitland Employees/Independent Contractors
-3 Million Designated to Smart Contract Oracles distributed over next 99 years
- 4 Million For Reserve for Governments to buy tokens, then pay out contracts through Bitland
Global GUI/Hardware

As far as why not partnering with Factom, there are various reasons.  I am a former Community Leader at Factom, and at one point Bitland was considering using Factom.  However, it was made immediately clear that Factom is more like SQL or Excel than a specialized land registry application.  Factom is not set up to handle anything except the actual "recording" of data.  In that regard, Factom is set-up for ANY type of record, and while simply recording titles would be great, we need much more indexing functionality than Factom has, and on top of that Factom cannot guarantee that the local electricity will be working.  The biggest problem with applying blockchain technology to developing areas isn't the acceptance, it's the physical infrastructure.  In most of Ghana, rolling blackouts happen multiple times a week.  Using technology that needs Internet access will not be a logical solution in a place like this. 

THIS is why one of the biggest aspects of the Bitland Project is to set up solar-powered wi-fi centers throughout Ghana so that the network will never go down due to electricity. 

I hope this gives some insight, and if you have any more questions, feel free to keep firing away!

Also, we are in the process of making partnerships, and will make announcements as soon as contracts are finalized.

I want to sincerely thank you for posting our ICO on your site without us asking   We appreciate it very much!

Cheers!


Chris

AA / If someone want to buy a house he can buy it with cadastral? Is it compulsory or people will still be able to buy with FIAT / normal bank account and be registered on bitland as well?

BB / "1 Million To Establish Basket of Currency Reserve during ICO Period" : What will you do with the sell of other 20 millions of cadastral? You will also convert it into  various currency right? So what is the difference between the basket of currency and the money you will get from the sell of 20 millions cadastral?

CC/ About direct deposit in bitcoin, as you use CCDEK as escrow, I don't understand why we cannot buy directly cadastral on CCDEK by creating an account and sending BTC?

Thanks for your good communication Chris, I did not invest yet but still very interested.

[Skatebird]

How many have been sold so far?

[tuvok007]

How many have been sold so far?

I think little over 450 000

[Skatebird]

How many have been sold so far?

I think little over 450 000

Thanks you

Where can we see ?!

[xboxsold]

This ICO is like pulling teeth .. You have to beg to get basic info.. This ICO should have been done on BITTREX they have Secure Escrow. They have a Good Reputation.. and they are a 3rd party to watch over the ICO so if the DEVS are crooks they cant get away with it .. Bittrex has Strict rules that MUST be followed.. The Drvs have to undergo Many Verifications to protect the investors and if they fail to meet the requirements BITTREX will REFUND all Investors before the DEVS can put their hands on any of the money..

HERE is a example of a crook that got caught:

https://bittrex.com/Market/Index?MarketName=BTC-EDONT

 The crowdfund for EDON has been cancelled. A refund will be issued within the next 2 days.

They might have been legit but they didnt respond to email on several occasions with bittrex and that was a violation of the terms.. So you see Bittrex has investors covered for LOSS.. thats KEY to a successful ICO campaign.

And you will notice the investors were fully protected.

So your Question How much has bee invested .. would never be needed to ask cuz the info is right there on Bittrex website . Its all transparent EVERYONE can see with their own eyes.. No Funny business .. When you look like your trying to hide something too many questions are asked .. It save the DEV's valuable time in not having to answer so many questions that so many will ask over and over.. Its called TRANSPARENCY .. you should try it .. its GOOD for EVERYONE

If you were unfortunate enough to give these guys any bitcoin you have only yourself to blame .. consider it a lesson learned..

You should also use  http://icocountdown.com to check on new ICO and see if they are ligit.. Im not affiliated with any of these websites i buy lots of ICO's and see many Ripoffs.. I speak from Experience

[kidyubyub]

This ICO is like pulling teeth .. You have to beg to get basic info.. This ICO should have been done on BITTREX they have Secure Escrow. They have a Good Reputation.. and they are a 3rd party to watch over the ICO so if the DEVS are crooks they cant get away with it .. Bittrex has Strict rules that MUST be followed.. The Drvs have to undergo Many Verifications to protect the investors and if they fail to meet the requirements BITTREX will REFUND all Investors before the DEVS can put their hands on any of the money..

HERE is a example of a crook that got caught:

https://bittrex.com/Market/Index?MarketName=BTC-EDONT

 The crowdfund for EDON has been cancelled. A refund will be issued within the next 2 days.

They might have been legit but they didnt respond to email on several occasions with bittrex and that was a violation of the terms.. So you see Bittrex has investors covered for LOSS.. thats KEY to a successful ICO campaign.

And you will notice the investors were fully protected.

So your Question How much has bee invested .. would never be needed to ask cuz the info is right there on Bittrex website . Its all transparent EVERYONE can see with their own eyes.. No Funny business .. When you look like your trying to hide something too many questions are asked .. It save the DEV's valuable time in not having to answer so many questions that so many will ask over and over.. Its called TRANSPARENCY .. you should try it .. its GOOD for EVERYONE

If you were unfortunate enough to give these guys any bitcoin you have only yourself to blame .. consider it a lesson learned..

You should also use  http://icocountdown.com to check on new ICO and see if they are ligit.. Im not affiliated with any of these websites i buy lots of ICO's and see many Ripoffs.. I speak from Experience

So basically you are saying you won't be participating in this ICO?

[kame]

This ICO is like pulling teeth .. You have to beg to get basic info.. This ICO should have been done on BITTREX they have Secure Escrow. They have a Good Reputation.. and they are a 3rd party to watch over the ICO so if the DEVS are crooks they cant get away with it .. Bittrex has Strict rules that MUST be followed.. The Drvs have to undergo Many Verifications to protect the investors and if they fail to meet the requirements BITTREX will REFUND all Investors before the DEVS can put their hands on any of the money..

HERE is a example of a crook that got caught:

https://bittrex.com/Market/Index?MarketName=BTC-EDONT

 The crowdfund for EDON has been cancelled. A refund will be issued within the next 2 days.

They might have been legit but they didnt respond to email on several occasions with bittrex and that was a violation of the terms.. So you see Bittrex has investors covered for LOSS.. thats KEY to a successful ICO campaign.

And you will notice the investors were fully protected.

So your Question How much has bee invested .. would never be needed to ask cuz the info is right there on Bittrex website . Its all transparent EVERYONE can see with their own eyes.. No Funny business .. When you look like your trying to hide something too many questions are asked .. It save the DEV's valuable time in not having to answer so many questions that so many will ask over and over.. Its called TRANSPARENCY .. you should try it .. its GOOD for EVERYONE

If you were unfortunate enough to give these guys any bitcoin you have only yourself to blame .. consider it a lesson learned..

You should also use  http://icocountdown.com to check on new ICO and see if they are ligit.. Im not affiliated with any of these websites i buy lots of ICO's and see many Ripoffs.. I speak from Experience

This is the forum! Very constructive that I like. Chris, you may have a politic issue with OL grand dad but better to consider this.

Go Bitland!  

[bjack0815]

Hi guys, i made a payment with openledger to ccedk.escrow.
How can i see that i invested in Bitland and how many Catastrals i bought with that?

[BitLandGlobal]

Hi guys, i made a payment with openledger to ccedk.escrow.
How can i see that i invested in Bitland and how many Catastrals i bought with that?

Sir,

The link provided will allow you to observe the escrow account and the transaction history.
https://cryptofresh.com/u/ccedk.escrow

Phase 1: 1 Cadastral = 10,000 Satoshi Phase 2: 1 Cadastral = 30,000 Satoshi.

We are more than happy to answer each/every question and concern at speed, but we do ask that you please check the previous pages and posts of the thread so that we do not end up answering the same question multiple times.

Thank you,

Elliot

[bjack0815]

Hi guys, i made a payment with openledger to ccedk.escrow.
How can i see that i invested in Bitland and how many Catastrals i bought with that?

Sir,

The link provided will allow you to observe the escrow account and the transaction history.
https://cryptofresh.com/u/ccedk.escrow

Phase 1: 1 Cadastral = 10,000 Satoshi Phase 2: 1 Cadastral = 30,000 Satoshi.

We are more than happy to answer each/every question and concern at speed, but we do ask that you please check the previous pages and posts of the thread so that we do not end up answering the same question multiple times.

Thank you,

Elliot

Thank you Elliot,

reading every single post needs too much time :-)

I am glad being in.
I think this is a good project guys!

[tabali tigi]

AA / If someone want to buy a house he can buy it with cadastral? Is it compulsory or people will still be able to buy with FIAT / normal bank account and be registered on bitland as well?

BB / "1 Million To Establish Basket of Currency Reserve during ICO Period" : What will you do with the sell of other 20 millions of cadastral? You will also convert it into  various currency right? So what is the difference between the basket of currency and the money you will get from the sell of 20 millions cadastral?

CC/ About direct deposit in bitcoin, as you use CCDEK as escrow, I don't understand why we cannot buy directly cadastral on CCDEK by creating an account and sending BTC?

Thanks for your good communication Chris, I did not invest yet but still very interested.

AA/  Yes, that is the plan.  However, we are going to put safeguards in place so foreign investors can't "buy up" houses.  This is why the system has to be set up in a double-blind investment system for foreigners and the government.  In order to prevent mass displacement of locals, you can't really allow anyone external to Ghana to "buy" land.  If that were allowed, the government would forcibly remove citizens, then sell the land to the foreigners.  This is also why the government isn't the entity who decides WHERE the development capital is going.  The government is made aware of the investment, but doesn't directly handle it.  This prevents corrupt government officials from directing funds towards their friends and family, and also prevents government from just taking the money. 

As far as different currencies, Bitland is going to hold currency of whatever country it resides in, and will keep a multi-currency reserve so that it is NOT compulsory to only use Cadastrals to enter the system.  Main thing being, the system has to be able to prevent charge-backs on debit cards, so it just has to come later down the line.  We partnered with Openledger specifically because they can already handle Fiat deposits.

BB/  The year 1 project plan has already allocated where funds will be spent from the ICO.  It will all go towards building a physical infrastructure to support the Bitland Network.  As was mentioned previously, in developing countries, you cannot rely on the local infrastructure, and thus blockchain solutions are not practical.  We are building a solar-powered wireless network that is dedicated to the Bitland Project.  The Basket reserve is coming from 1 million.  That has nothing to do with the 20 million being sold to build the infrastructure.  The 20 million will only be converted to Bitcoin, USD, or Ghanaian Cedi whenever necessary to cover a development cost.

CC/  There has been some confusion about this.  You absolutely CAN make an account on Openledger, deposit BTC, and send directly to Escrow account.  The only reason we added the direct send to address method is because people wanted that option, so we gave it to them.


Cheers!

Chris

[kame]

This ICO should attract more investors

TOTALLY AGREE.

I am getting understanding how current pilot project is;

 - the project itself is just great. needless to say, Forbs and big names are appreciating.
 - many of us want to support "the project" although dev team has unsuccessful crypt buz records b4.
 - as an investor, we feel irritation if only ICO scheme has better ease of use to pitch BTC.
 - we feel sorry, especially, some people terminated investing because of OpenLedger barrier.
 - as our expectation is high, current speed of ICO gives an another irritation.
 - our wish is some kaizen to web and marketing aside - but current resource seems limited.
 - Chris himself has good passion to "solve everything" but investors want someone expert associate him. Otherwise, his blood of PREDATOR wakes up!?

the pilot project has just started. And a reason why 30% ICO bonus of phase-1 is, they know current resource and formation are not good enough. This is just start up team, they are selling the pilot project with current formation. should you stay or should go decision is totally up to you. ICO hopefully make them grow up to meet stakeholders interest in advance, again, not now in this good enough resource.

So, we better take as it is team Bitland and give our hands to team Bitland.

Someone pitching marketing support offer in this forum - I don't know him though, that's cool.
What I do is pitching BTC money with cross fingers.
If you want to do FUD, rather leaving FUD msg here, show your guts to cut the PREDATOR's hair chop off in face2face - powerful one is in the dev team. 

Go go, Bitland!

[tuvok007]

Yeah,they have an awesome project.Maybe they should learn from Max at Lisk how to better run an ico.Maybe this can be a Pre-ICO. And then in May a more user friendly for tech savvy and non tech savvy ones. ?

[tabali tigi]

Hello,

Technically, we are in the first phase of the ICO.  We anticipated that the ICO would not take off in the same way as something like Digix, Waves, or Lisk, because there would be a first wave of people who want to get in, but aren't sure until they can talk to us for a bit to really understand what we are trying to do.  We partnered with Openledger because of the voting system that they are currently working on within their system, and the fact that their exchange has so many different tokens and also allows Fiat.  We wanted to give people the chance to use Openledger and were hopeful that the technology wouldn't be as much of a barrier as it is.  From the very beginning, we had already discussed with the Openledger team that if this happened, we would possibly switch to a different Escrow for the Phase 2 of the ICO.  

As far as my credentials, I have worked with Factom as a Community Leader, am currently a Community Leader for Synereo, just completed a white paper for Synereo, am working on a second white paper for Synereo.  

I have a Bachelor's in Psychology, a Master's in Telecommunications, and will receive a second Master's in Cyber-Security in two-months.  I have experience working on augmented reality teams, and have direct experience in machine learning.  I have written code for the fMRI machine at IU to run experiments, and in that regard have had exposure to about 8 different languages at this point in my life.  At one point I was doing game and sound design, and was part of an award-winning game design team.  Here is a list of the awards we got for the "medical action game" that team created:
http://www.medicalactiongames.com/bodyguard/recogs.shtml  

Recently learned SQL as part of my M.S.


So...It's not that I don't have experience.  It's just...you're supposed to keep your C.V. to one page


Cheers!

Chris

[tuvok007]

Hello,

Technically, we are in the first phase of the ICO.  We anticipated that the ICO would not take off in the same way as something like Digix, Waves, or Lisk, because there would be a first wave of people who want to get in, but aren't sure until they can talk to us for a bit to really understand what we are trying to do.  We partnered with Openledger because of the voting system that they are currently working on within their system, and the fact that their exchange has so many different tokens and also allows Fiat.  We wanted to give people the chance to use Openledger and were hopeful that the technology wouldn't be as much of a barrier as it is.  From the very beginning, we had already discussed with the Openledger team that if this happened, we would possibly switch to a different Escrow for the Phase 2 of the ICO.  

As far as my credentials, I have worked with Factom as a Community Leader, am currently a Community Leader for Synereo, just completed a white paper for Synereo, am working on a second white paper for Synereo.  

I have a Bachelor's in Psychology, a Master's in Telecommunications, and will receive a second Master's in Cyber-Security in two-months.  I have experience working on augmented reality teams, and have direct experience in machine learning.  I have written code for the fMRI machine at IU to run experiments, and in that regard have had exposure to about 8 different languages at this point in my life.  At one point I was doing game and sound design, and was part of an award-winning game design team.  Here is a list of the awards we got for the "medical action game" that team created:
http://www.medicalactiongames.com/bodyguard/recogs.shtml  

Recently learned SQL as part of my M.S.


So...It's not that I don't have experience.  It's just...you're supposed to keep your C.V. to one page


Cheers!

Chris

Impressive!

and this bold underline thing,people are often too lazy,that all thing with openledger is not that difficult as we people are lazy 

[tabali tigi]

Impressive!

and this bold underline thing,people are often too lazy,that all thing with openledger is not that difficult as we people are lazy 

My thing is, I "personally" thought Openledger was intuitive and was going to be something that helped cross the mass adoption threshold.  Great thing is the Openledger team is very much open to critique and criticism.  This is kind of focus testing for their platform for crowdfunding projects, as they have another escrowed project going on right now that is doing pretty darn well .

So, that is why I am not really "surprised" by the issues, but we wanted to test it out to see if it would work as a "crypto-kickstarter" platform, but clearly there needs to be some adjustments to the process for Openledger.  I never disagreed with anyone from the beginning, and I hope that was clear.  It was just a matter of seeing truly how difficult it would be for people to use.  That is the only way to know for sure.

Cheers!


Chris