I was reluctant to check with all the trolling all about the same thing. I am not a fan of self moderated threads but I can understand this case. I will start visiting back again for any updates. I presume the values in the thread are still not the updated ones? i.e. 1 ETB = 0.01 ETH ?
Yes we feel its better now. Its hard to understand why that would happen. Anyway we continue to make the 1st crypto copy trading platform. We will update the thread with this later today/ tomorrow:
WHAT IS ETHBIT TOKEN?
The ETHBIT token is a type of currency used to pay fees on the ETHBITS Local platform (for example to buy/sell Bitcoin, Ether and other cryptocurrencies). ETHBIT tokens can also be used to distribute dividends to investors. If you hold ETHBITS tokens, you hold a portion of our platform, and by holding a portion of our platform you are entitled to your share of a distribution of 40% of the platform’s profit. The dividends will be paid on a quarterly basis .
A total of 4 mill tokens will be sold and a maximum of 5 mill tokens will ever be in existence. The final number of Ethbits created will be determined by how many tokens are sold in the Token Crowdsale:
• 4 Mill tokens will be sold during the Crowdsale and all unsold will be burned .
• 10% of tokens sold will be used to drive the platform Ethbits iTrade
• 4% of the tokens will go to the core team and the remaining 6% will be used for Marketing and PR .
It’s easy to get started using an Ethereum smart contract and Ether. Receive ETHBIT tokens from our four tiers rolling out over a four-week period starting at 0.01 ETH https://ico.ethbits.com
Amount raised VS Profit Share
If less than 1 million usd if raised then the proportion raised will determine the % profit share. So the amount raised from 0 – 1 Mill usd will determine the % profit share from 0 – 40%. Everything over 1 Mill means the standard 40%.