[ANN] EQUIBIT (EQB) 📈 A P2P Decentralized Securities Platform 📈

[MrWhiteBites]

How are traders not jumping all over this ico. Transparent and legit team working on project for several years, vc invested in first round giving $3 million valuation, John McAfee as advisor, low initial coin count. This is an investors wet dream. Looking forward to future developments and the equibit launch in a few months from now.

John McAfee is NOT an Advisor, he never was, there was a big "shirt storm" over that. Seems like the Equibit team manged to "sort it" but he is not advisor at all.

ICO looks to be a high valuation, puts many people off, people want low value / market cap coins so they can get bigger returns.
Also the team is very quiet here, so many questions are going unanswered.  So hard to invest, unless you just like taking risks, like i do. 

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[freequant]

Price already 60% higher after a meager 300k have been raised. 60%! This is ludicrous. That's the kind of multiplier you get at the end of a very successfull and widely advertized ICO after a month and millions invested, not less than two weeks in with almost no capital raised. I heard of this ICO for the first time today and am already turned off right from the start: the ICO price has already eaten most of the profit ICO investors could expect to make. It's simply not worth the risk anymore. If this finds bag holders buyers at this price, color me surprised.

[zahra4577]

Price already 60% higher after a meager 300k have been raised. 60%! This is ludicrous. That's the kind of multiplier you get at the end of a very successfull and widely advertized ICO after a month and millions invested, not less than two weeks in with almost no capital raised. I heard of this ICO for the first time today and am already turned off right from the start: the ICO price has already eaten most of the profit ICO investors could expect to make. It's simply not worth the risk anymore. If this finds bag holders buyers at this price, color me surprised.

If you consider price as high you must check Choronobank ICO.Their Time token is nearly $10 per token and they have successfully raised 4000+ btc and still counting.
I hope devs become more active here and response to all the genuine questions raised here.

[Equibit]

I read through the news clarification regarding McAfee.

However it still doesn't answer the question:

1) How did you guys end up stating he will be taking the CSO position and reporting directly to the board?
Whether his position was to be full-time, paid or not, how does one just hand out the title of CSO without any actual contractual agreements, NDAs, etc and most importantly without the CLEAR understanding of what role he would be playing. Consulting and taking a position at a company are two very different things.
This is highly suspicious, and raises a huge red flag. - please clarify how this confusion came about.

2) What are you plans for a security audit of your code and with whom potentially?

I ask these questions because my investment and I'm sure many others depends on these answers.

We explained what happened in our clarification, things like this happen especially with a well known character like McAfee and news outlets looking for more clicks to their websites. We refer you to our Press Release: http://equibit.org/post/mcafee-clarification/ please read it.

Our code will be open source and everyone will be able to audit it. Our GitHub is set to private for the moment and will be made public once the network launches.
We will also have security advisors vet our code and we will make announcements in due course. Right now the priority of our developers is to get things ready for the network launch.

[Equibit]

Is it similar to melonport or taas?What are the minimum investment one can make and what are your refund policies?Will equibit be available on crypto exchange like Poloniex,bittrex etc?

There is no minimum contribution to the token sale. We don't offer refunds as specified in the terms of sale, the team will do with what they raise.
EQB will be available on exchanges after the network launch.

[Equibit]

What advantage does Equibit have over Byteball's Regulated assets?

"Regulated assets
Regulated institutions can issue assets that are compatible with KYC/AML requirements. Every transfer of such asset is to be cosigned by the issuer, and if there is anything that contradicts the regulations, the issuer won't cosign."

Each EQB is like a blank security form that allow for million of shares/assets to be created. EQB will cater for all sorts of companies that would like to release such assets using a decentralized platform. Each EQB is divisible by 8 decimals like Bitcoin. They can always be returned to blank state giving an incentive for underperforming assets to get out of the market and give way to new offerings.

Equibit will be open to anyone to use, of course big companies who are already on stock exchanges will have to perform a corporate action to switch over to the Equibit system. If the motion carries all the existing holders (i.e. the stock exchanges and institutional investors) they could then do a share-for-share swap. However there are thousands if not millions of secondary and otc markets and startups alone all over the world, Equibit cuts down the overhead costs of creating, managing and distributing shares. But iis also much more than that. You can read our whitepaper to find out more.

Our lawyers will actually be preparing a comprehensive legal resource for companies in all major jurisdictions to do this. There would be template shareholder/director resolutions, bylaw amendments etc. We also want to identify all the jurisdictions that allow securities to be issued in bearer (anonymous) form. I think that will be a huge plus and Equibit could help remediate the negative reputation that bearer assets currently have.

The incentive is that companies using our platform would no longer need to use a transfer agent, which represents a major portion of their investor relations overhead. Equibit is much more than simply a securities register, it can be used to communicate with all our your investors, poll them, handle proxies, and KYC issues in the secondary market. Apple has millions of investors worldwide and doing that using existing services is terribly expensive, slow, and insecure.

[SouthernBTC]

How are traders not jumping all over this ico. Transparent and legit team working on project for several years, vc invested in first round giving $3 million valuation, John McAfee as advisor, low initial coin count. This is an investors wet dream. Looking forward to future developments and the equibit launch in a few months from now.

John McAfee is NOT an Advisor, he never was, there was a big "shirt storm" over that. Seems like the Equibit team manged to "sort it" but he is not advisor at all.

ICO looks to be a high valuation, puts many people off, people want low value / market cap coins so they can get bigger returns.
Also the team is very quiet here, so many questions are going unanswered.  So hard to invest, unless you just like taking risks, like i do. 

Clarification here. According to the team he is still an advisor http://equibit.org/post/mcafee-clarification/

[Marina_T]

Price already 60% higher after a meager 300k have been raised. 60%! This is ludicrous. That's the kind of multiplier you get at the end of a very successfull and widely advertized ICO after a month and millions invested, not less than two weeks in with almost no capital raised. I heard of this ICO for the first time today and am already turned off right from the start: the ICO price has already eaten most of the profit ICO investors could expect to make. It's simply not worth the risk anymore. If this finds bag holders buyers at this price, color me surprised.

If you consider price as high you must check Choronobank ICO.Their Time token is nearly $10 per token and they have successfully raised 4000+ btc and still counting.
I hope devs become more active here and response to all the genuine questions raised here.

Agree with freequant as it is not price per token that matters but the relative return investors would get. Note how slow the funds are being raised after the initial $250k.

[Equibit]

EDC Unveils Ambitious Post-Coin-Sale Development Roadmap
Securitization of Assets to Widen Investments Choices

PRESS RELEASE

FOR IMMEDIATE RELEASE

ALL AMOUNTS IN U.S. DOLLARS.

Feb. 14, 2017

TORONTO, Ontario — Equibit Development Corporation, creator of the Equibit blockchain and blockchain applications for the global securities industry, has unveiled a two-year roadmap for extended value creation in the wake of its ongoing initial coin offering.

EDC’s map includes the release of Equibit’s source code to software developers, the launch of a pro version of the EDC wallet application for the asset management community, specialized Equibit mining hardware, and the securitization of financial assets on the Equibit system, said Chris Horlacher, EDC’s chief executive officer.

“Securitization will populate Equibit with a number of popular investment choices that will excite our investors and get other issuers interested in using Equibit,” Horlacher said. “This is a perfect way to kickstart the system.”

Securitization on the Equibit platform will allow holders of equibits, a new digital asset, to diversity their portfolio by investing in equities in traditional industries such as pharmaceuticals, utilities or materials.

“Though there are more and more coin offerings by the day, there’s actually very little opportunity for diversification available to crypto investors,” Horlacher said.

Equibit is a peer-to-peer securities registration, market-making, and compliance platform anchored in blockchain technology. The system allows investors to hold directly-registered securities and communicate privately with one another. Equibit also features a public order book, direct-and-group communications, polls, proxies and a compliance system.

EDC has sold more than 140,000 equibits since launching its initial coin offering sale on Feb. 1, which are required for issuers and investors to make use of the platform. The company has offered to sell one million equibits out of a total of 22 million equibits potentially available. The sale, which will run for 59 days to March 31, is being held on a special sale page at EDC’s website.

Purchased equibits will be delivered to user accounts at EDC’s web-wallet service. EDC will retain any unsold equibits, as according to the sale’s terms and conditions.

The offering started with an initial batch of 100,000 equibits priced at $2 per coin. The crowdsale will adhere to a predetermined schedule, with the price for equibits to increase with each subsequent batch.

All equibits sold in the coin offering will be created in the EDC platform’s genesis block, constituting the inception of the system’s operation.

Proceeds from the crowdsale will be used to expand EDC’s team of developers, accelerate product development, support and expand the network of Equibit supporters, install enterprise infrastructure such as supernodes and market Equibit blockchain applications.

For information on participation in the sale, please see the EDC website at equibit.org.


About Equibit Development Corporation
Equibit is the world's first peer-to-peer equity marketplace and a complete platform for issuers to manage their investor relations without need of depositories and transfer agents. Founded by a former securities industry chief financial officer and a team of blockchain development experts, EDC was established with the aim of revolutionizing the securities industry.

 
Media Contact
Nathan Wosnack
Chief Operations Officer
nathan@equibit.org

[kryptopojken]

Nice update team!

[GameStarter]

After all equibits sold in ICO and created in the EDC platform genesis platform, i would like to know how/ when and at wich rate last 21 millions equibits will be created?

[kryptopojken]

Finally we get some news about the roadmap! Very curious about the Asic Miners, so I take it Equibit won't be using the same algo used in Bitcoin?

News picked up on EconoTimes! 

Blockchain-based platform Equibit unveils 2-year roadmap

Great to see some media coverage

[VintageBazaar]

There is mention of a two year road map.

Where can I see this please?

[ICOcountdown.com]

I am interested in adding Equibit to http://icocountdown.com

Please email me: alex@icocountdown.com

Skype: icocountdown

Telegram: @Alexanderico

[Marina_T]

Did you get US securities law advice for this offering?

[Marina_T]

Did you get US securities law advice for this offering?

I.e. how comfortable you are that SEC will not have an issue with the ICO?

[maju69]

Joined for ICO 

[bitvolt]

No bounty = No Party 

[lenyro]

It is a huge project which we can see it on main ico listing websites, you know it rocks, but EQB is a bit less, the money for every level is not good.

[Equibit]

We are getting ready to attend more conferences.

Banners are ready with a range of 3 products of ours.