[ANN] MyBit: World's most advanced IoT investment Ecosystem.

[DApptothefuture]

Welcome at MyBit!

CHECK BRAND VIDEO


MyBit is the world's most advanced IoT investment Ecosystem. Its two flagship products include a decentralised investment platform (MyBit DApp) and the world's first decentralised IoT asset exchange (MYDAX). Powered by Ethereum.

Founded in  Switzerland by industry veterans, MyBit believes that people should be able to follow their passion instead of having to work to survive.

By redefining the way people generate income, MyBit strives to democratise financial services so everyone has equal access to investment opportunities. This becomes critical when the future machine economy automates 800 million jobs by 2030 (Mckinsey, 2017) and the average person, whose job is automated, has no ability to participate in this new economy.

MyBit provides an ecosystem for the upcoming 11.1 Trillion dollar IoT industry (Forbes, 2017), with the belief that everyone should have an equal opportunity to participate in this revolution.

Some background information about future automation:
By 2030, 32% of jobs in the US, 33% in Germany and 46% of japan will become obsolete due to automation  (Mckinsey, 2017).

A simple to watch video about the future of automation


Website
Telegram
Twitter (Announcements/News)          
Discord (Community HQ)        
Reddit (Background Information)          
Facebook (Events)      
Medium (Weekly blogs).        
Youtube (Videos)        
Whitepaper

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[moroseneng]

Indonesian translation reserved

[DApptothefuture]

Hello Everyone!

As our team prepares for the ICO launch we are looking for initial feedback and questions.  Please ask away!

Few other things:
1) More details will be released regarding the ICO in the upcoming days.
2) If you are interested in a translation bounty please pm.
3) Anyone have the faintest idea why images are only displaying the hosted url? I've tried a few different hosting services, sizes, and formats.

[MirkoIta]

Quoting it for you to show images. Interesting project will keep an eye on it. Good luck with the ICO.

A Decentralized Asset Management Platform built on Ethereum

Website: http://www.mybit.io

ICO Portal: Please register on our website

Whitepaper: http://www.mybit.io/docs/MyBit_Whitepaper_v0.9.pdf

What is MyBit?

MyBit is a decentralized asset management platform designed to add an ownership layer to the internet.  Our goal is to change how ownership is recorded to make the process of registration, transferring, and querying both cost-effective and fast.  By utilizing Blockchain technologies in our core application stack it creates a unique opportunity for managing assets and ownership which is more secure, efficient, and reliable than any other solution for digitalizing assets and ownership.  Similar to how the internet streamlined and secured the transfer of information (communication technologies), Blockchain enables for asset ownership (and transfer) & core business functions.  The Blockchain is often heralded as the world’s first internet-scale open platform for value-exchange.  By utilizing a decentralized model, a single point of failure risk is removed.  Data is governed and maintained by network participants (nodes) and all data is fully replicated across all network peers.  Also, Democratic principles are ingrained in the core (code) of the platform providing all participants with a voice regarding the future of the application.  This results in innovation at the foundational level. 

Phase 1 (Facilitating p2p transactions and securing personal assets)
The phase 1 release facilitates the process of registering physical assets onto the Blockchain so they can securely and easily be managed from one location.  Then MyBit extends that technology by offering Smart Contract powered trusts.  These virtual trust funds enable users to manage to whom ownership of their high-valued physical assets will be transferred in the event of death or other “trigger event.”  This greatly reduces the cost and complexity of setting up trusts to distribute one’s assets.

Phase 2 (Enabling both financing and revenue streams for AI)
The phase 2 release focuses on the emerging AI market.  AI is going to take a lot of jobs away from people and cost companies a large amount of capital to upgrade their systems and acquire expensive AI hardware. MyBit Enterprise is a solution for capital light companies that will need to invest large amounts into AI infrastructure and people whose jobs will be replaced by AI who still need a viable method to generate income.  The platform provides companies with viable financing solutions through tokenized fractional assets, enables new methods of income generation for the average person; and strives towards sustainability by managing this vast amount of data and activity with minimal resource consumption.

More information can be found on our Website: http://www.mybit.io

Our Story

We set off to develop MyBit because we saw many inefficiencies in current systems that could be resolved with a decentralized blockchain solution.  It all started with p2p commerce.  We could not get over how annoying it was to have to manually keep records and write up basic contracts that included the names of participating buyers/sellers, asset identification numbers (such as VIN of a car, drone, etc.), date of transaction, value, and so on.  We believed this was something that needed to be made much simpler and easier for people to streamline p2p transactions.

Then we identified the need to extend this functionality to manage the assets due to how expensive and inefficient the current model for governing Trusts and Wills is.  Why pay exorbitant fees and spend countless hours with lawyers to govern your assets when the clearly defined terms can be executed by irrefutable computer code that is guaranteed to execute exactly as programmed without reliance on a third-party prone to human error?

The Enterprise release is phase 2 of the platform and the idea came to be when one of MyBit's founders, Ian, was visiting Trent from BigchainDB in Berlin and heard him say AI DAOs no less than 100 times over the course of just a few days.  The elimination of human jobs as AI systems come to market has disruptive (not in a good way) impact on the average worker and companies alike.  We quickly identified Blockchain as a sustainable socioeconomic solution that gave companies a viable financing option and the average person a way to still generate income to supplement their replaced job.

ICO Details

Will be announced soon

Token and Profit Sharing Model

Registering and transferring assets will incur a cost of 1 MyBit Token (0.01 ETH).  This fee will cover the Ether/Gas required to interact with the network.  Any excess will be distributed proportionately to token holders based on their holdings.

Smart Contract Trusts will incur a small monthly subscription cost to maintain.  This residual revenue will be distributed proportionately to token holders based on their holdings.

Funds Allocation

• 10% Legal and Compliance
• 50% Salaries, Expenses, Rewards
• 15% Marketing
• 5%   Crowdsale Expenses
• 20% Reserves for Unexpected Expenses and/or Delayed Monetization

Participation
Anyone can participate during the crowdsale from March 1, 2017 to April 14, 2017.  To join, please register an account on http://www.mybit.io.  Currencies that will be accepted include BTC, ETH, ETC, Monero, Dash, and more to be added.

Token Distribution

• 10% to Founders
• 20% to Foundation
• 70% to ICO Participants

Roadmap / Product Releases




Get Social (Official Links)

Linkedin: https://www.linkedin.com/company/mybit?trk=biz-companies-cym

Facebook: https://www.facebook.com/MyBitDApp/

Twitter: https://twitter.com/MyBit_DApp

Reddit: https://www.reddit.com/user/MyBit_DApp/

Slack: https://mybit-dapp.slack.com/

Youtube: https://www.youtube.com/channel/UCtLn7Vi-3VbsY5F9uF1RJYg

Medium: https://medium.com/@MyBit_Blog

Translations

Russian [in-progress]
Chinese
Japanese
German
Spanish
French
Arabic
Italian
Portuguese
Dutch
Hindi [in-progess]


Bounties

Translations of Forum ANN and website content

[100stacks]

Hello Everyone!

As our team prepares for the ICO launch we are looking for initial feedback and questions.  Please ask away!

Few other things:
1) More details will be released regarding the ICO in the upcoming days.
2) If you are interested in a translation bounty please pm.
3) Anyone have the faintest idea why images are only displaying the hosted url? I've tried a few different hosting services, sizes, and formats.

Ok first question. Who are you? You and your team, introduce yourself properly. I'm not sure why I'm even asking this

[DApptothefuture]

Ok first question. Who are you? You and your team, introduce yourself properly. I'm not sure why I'm even asking this

Hey - team info is on our website. I will get it added to the forum.

[brjameng]

Any bounty campaign sir, like social network campaign, signcamp etc?

[DApptothefuture]

Any bounty campaign sir, like social network campaign, signcamp etc?

Hey - please pm with the social platforms you specialize in, languages/geo-locations, and past experience marketing in this industry.

[100stacks]

Ok first question. Who are you? You and your team, introduce yourself properly. I'm not sure why I'm even asking this

Hey - team info is on our website. I will get it added to the forum.

This is enough for me to stay the fuck away from this

[moroseneng]

Hello Everyone!

As our team prepares for the ICO launch we are looking for initial feedback and questions.  Please ask away!

Few other things:
1) More details will be released regarding the ICO in the upcoming days.
2) If you are interested in a translation bounty please pm.
3) Anyone have the faintest idea why images are only displaying the hosted url? I've tried a few different hosting services, sizes, and formats.

Check PM dev, thanks

[davide72]

Hi dev sent you pm ! would like to reserve italian translation!

[DApptothefuture]

Hi dev sent you pm ! would like to reserve italian translation!

Done!

[unamis76]

Sent a PM regarding a translation too, please check. Thank you

[rafajunior99]

Sir ... I see you have not been included in the escrow details in the thread that you make today, you will be prompted to register escrow reliable for your project in trust by everyone here. if it had been made I am sure that your project will be successful in the future.

Good luck...

[scambust]

Hello Everyone!

As our team prepares for the ICO launch we are looking for initial feedback and questions.  Please ask away!

Few other things:
1) More details will be released regarding the ICO in the upcoming days.
2) If you are interested in a translation bounty please pm.
3) Anyone have the faintest idea why images are only displaying the hosted url? I've tried a few different hosting services, sizes, and formats.

Ok first question. Who are you? You and your team, introduce yourself properly. I'm not sure why I'm even asking this

ditto

[DApptothefuture]

Sir ... I see you have not been included in the escrow details in the thread that you make today, you will be prompted to register escrow reliable for your project in trust by everyone here. if it had been made I am sure that your project will be successful in the future.

Good luck...

Hey - those details will be made available when we release specific information regarding the crowdsale.  Please stay in touch for updates.

[ArdiPrabowo]

when MyBit coin open ico selling use escrow or not dev
and not open bounty, not promotion youre coin use signature campaign, facebook campaign or twitter campaign

[DApptothefuture]

when MyBit coin open ico selling use escrow or not dev
and not open bounty, not promotion youre coin use signature campaign, facebook campaign or twitter campaign

We are planning on utilizing escrow.  Post-ico we are planning to hold the funds in a smart contract wallet that has a trusted and well-known community figure hold one of the signing keys, and he will be required to authorize any withdrawals over a certain value to ensure funds are used as indicated in the ICO terms (which will be released in the upcoming days).

[blocks.explorer]

another ICO coming...

where is your team based? do you work together from 1 location? are you covered by any crypto-regulation?

as to the fund allocation, what's the difference with 10% for Founders & 20% for Foundation?

[moroseneng]

when MyBit coin open ico selling use escrow or not dev
and not open bounty, not promotion youre coin use signature campaign, facebook campaign or twitter campaign

We are planning on utilizing escrow.  Post-ico we are planning to hold the funds in a smart contract wallet that has a trusted and well-known community figure hold one of the signing keys, and he will be required to authorize any withdrawals over a certain value to ensure funds are used as indicated in the ICO terms (which will be released in the upcoming days).

Why indonesian language is not on the list? Are u hate indonesian people? Ahh great