[ANN] ⚫️ BLOCKPOOL - Real World B2B Blockchain Solutions ⚫️

[locohammerhead]

Is there a Cap on this?

There is no cap on possible funds raised.  We are using a price discovery system in which the market decides what it wants when it comes to our TEC.

Oh, I hate that.. It brings into question whether the company knows how much money is needed to complete the project.. I would suggest a Cap, a hard limit..

Hello,

You can see all that information on the use of proceeds page.  It goes over the funding tiers and what will be provided if we hit those goals.  We are not placing a hard limit on BPL because we want the market to decide what it feels is a fair price for the token.  With this method we can provide the best possible value for our investors.  Total BTC investor supplied/ total bitcoin raised = % of coins supply to be allocated after TEC ends.  So if we raise 500 BTC and an investor put in .25 BTC they would receive 0.05% of the 20,000,000 to be dolled out.  In this example the investor would receive 10,000 BPL.

Regards,
locohammerhead

Okay sure. My next question is, why are you willing to accept about 60 crypto coins?

To provide access to as many possible investors as we can.  The majority of coins will be processed through shapeshift and converted to BTC.

[mandar_sn]

Our minimum amount is 100,000.  We do plan on refunding investors of the TEC if we don't reach the minimum goal.  The ARK Team is escrow so if we don't reach the minimum 100,000 the funds will be given back to the investors.  If we reach 350,000+ we have stretch goals set in place.  You can find our advanced funding tiers here: https://blockpool.io/docs/BP_PROCEEDS_A.pdf

Regards,
locohammerhead

You have mentioned min amount as $100K but in the PDF document you have provided link, the lowest amount mentioned is 500BTC ($500-600K). Please can you explained how can you go ahead with the project if the funding is less than 500BTC?

In the first page the list of directors/developers is around 8-9, are you guys planning to work free for a year till product is developed?

[schnötzel]

Bounty for german translation? pm me!

[locohammerhead]

Our minimum amount is 100,000.  We do plan on refunding investors of the TEC if we don't reach the minimum goal.  The ARK Team is escrow so if we don't reach the minimum 100,000 the funds will be given back to the investors.  If we reach 350,000+ we have stretch goals set in place.  You can find our advanced funding tiers here: https://blockpool.io/docs/BP_PROCEEDS_A.pdf

Regards,
locohammerhead

You have mentioned min amount as $100K but in the PDF document you have provided link, the lowest amount mentioned is 500BTC ($500-600K). Please can you explained how can you go ahead with the project if the funding is less than 500BTC?

In the first page the list of directors/developers is around 8-9, are you guys planning to work free for a year till product is developed?

Hello,

The 100,000 is so we can get the full mainnet functioning with all current ARK features and to start work on the Smart Contract system.  The team has been working for free for the past year and half.  So we will be taking a small cut while leaving more than enough to ensure developers are happy.  We are updating the Use of Proceeds document to show this.

Regards,
locohammerhead

[corsaro]

interesting project

I am in guys ;-)

[stoner19]

Great to see so many familiar "faces" here and excited about this project. Looking forward to everything to come from this one!

[amesterdamer]

  BlockPool Announces Token Exchange Campaign for B2B Blockchain Project 

[locohammerhead]

BlockPool featured in Blockchain Dynamics #59: https://soundcloud.com/errorbytrial/blockchain-dynamics-59-4162017

[tuvok007]

Just please explain one thing to a non-techie guy   . Is this a lisk competitor and could this project harm lisk in any way or they can corelate or even help each other in some way? I do like this project but Lisk is and always will be my biggest love!

[derekis126]

So the price of your token is not fixed? It is calculated by the total investment right? Maybe the signature campaign is too few compared to the sweep bounty.

[NextGenCrypto]

Looking forward to the launch!   

[Kushedout]

I do like the community around this project... 

Joined Slack and Telegram

[favdesu]

What keeps you from using graphene (bitshares 2.0, steem, peerplays) as backend? 3 second blocks among other features are certainly better than what you mention in the op

[mrandersonbtc]

This looks like a solid project. But an interesting question is what exactly has allowed both your projects to partner with each other? I'm curious to know since you're both doing similar things? Or is this Blockchain a niche that will do something ARK cannot? Thanks for your time.

Great question!  Our focus isn't solely around the Blockchain but how best to use it.  ARK Provides a perfect clean slate to work off of since they removed the LISK smart contracts which in their current iteration are a mess.  My understanding is the newest version of smart contracts from LISK are cleaner.  Our plan is to add them back in once LISK gets them ready.  Then the real fun begins.  

Most Blockchain startups focus just on the Blockchain.  They use it as a catch-all.  Years down the road, this is going to cause problems for chains and their adoption.  Our plan is to create a Data Agnostic Platform to do all the hard work routing data from one plugin to another.  Only inputting data into the chain when permanent data retention is an absolute requirement.  

Our platform will also facilitate connections between legacy systems and their respective databases.  In many cases companies are locked into legacy software for various different reasons and while Blockchains may help them, in many cases they don't solve the problem the companies face.  They don't replace software like SalesForce but they can play a major role in that replacement.

A few use cases we have come up with for our Blockchain and Platform.

A YouTube Competitor.  Using our Blockchain and platform, we can create a decentralized youtube, which allows fans to host video files for their favorite content creators and receive payment for it.  

Art Auctions.  As of right now Art is one of the hardest items to track.  It can pass from one person to another without word ever reaching the copyright holder.  We are working with a company to fix this utilizing our Blockchain and platform.  We would connect up their auction sites, utilizing smart contracts on the chain and our decentralized file hosting plugin, we would be able to link certificates of authenticity old and new to valid purchases.  This would play a huge role in decreasing blackmarket sales.

Music hosting and streaming services.  We plan on upgrading Aurovine and Audiocoin to utilize our new platform and chain.  We will be able to move away from centralized cloud hosting and rely on the vast swath of data space that fans usually have.  Fans would receive payment for hosting audio files and music videos purchased on the Aurovine site.

Those are just a few of the use cases that we have come up with.  I'm positive there are way more that we have yet to think of as well.

Regards,
locohammerhead

Thanks for the thorough response. I appreciate it. So when you mention these usecases are you building them yourselves or looking to partner with a potential digital currency entrepreneur who has the business development but needs a blockchain like BlockPool? For instance the YouTube competitor? Let me know if this question makes sense.

Most we plan on building ourselves.  We are already working on one use case for BuzzBike https://medium.com/blockpool/blockpool-brands-poc-8f699c627607
As of right now we don't have plans to build the youtube competitor (although I personally would like to do so, or at least see someone else do it using our platform and plugins).  However if we progress with development fast enough I wouldn't toss it out as a possibility since it does fall well within our realm.
If someone wanted to partner with us to get this built we would be more than happy to enter into talks about it and to lend support where we can.

I would love to see further integration with the graphene blockchain platforms (BitShares, STEEM, PeerPlays) where I can buy your token on the DEX, and also use it to pay for hosting/streaming my media on sites like steemit.com.  Even better would be to consider fav's logic in not reinventing a wheel that no other blockchain has come close to competing with.   

Have you considered creating a USD:TEC market on the BitShares DEX?  It seems as soon as people see trading valued in the dollar then the crypto ecosystem makes a lot more sense to noobs.

Either way I'll be following this project.  Good luck in your endeavors.

[TheEscrow]

Our minimum amount is 100,000.  We do plan on refunding investors of the TEC if we don't reach the minimum goal.  The ARK Team is escrow so if we don't reach the minimum 100,000 the funds will be given back to the investors.  If we reach 350,000+ we have stretch goals set in place.  You can find our advanced funding tiers here: https://blockpool.io/docs/BP_PROCEEDS_A.pdf

Regards,
locohammerhead

You have mentioned min amount as $100K but in the PDF document you have provided link, the lowest amount mentioned is 500BTC ($500-600K). Please can you explained how can you go ahead with the project if the funding is less than 500BTC?

In the first page the list of directors/developers is around 8-9, are you guys planning to work free for a year till product is developed?

Hello,

The 100,000 is so we can get the full mainnet functioning with all current ARK features and to start work on the Smart Contract system.  The team has been working for free for the past year and half. So we will be taking a small cut while leaving more than enough to ensure developers are happy.  We are updating the Use of Proceeds document to show this.

Regards,
locohammerhead

ARK, the first fork of Lisk, was founded in September 2016. That's 7 month ago. Can you tell us, what your team has been working on, 11 months before September 2016, if Blockpool is just a fork of a fork of Lisk?

[locohammerhead]

What keeps you from using graphene (bitshares 2.0, steem, peerplays) as backend? 3 second blocks among other features are certainly better than what you mention in the op

Good question.  Several factors went into the decision to use ARK.  We did look at using graphene and while the system is very well developed, it took them a very long time and many hardforks to get to that point.  From a support perspective, hard forks are a nightmare to deal with.  Especially in a private business environment.  

The 3 second block times are very nice and extremely useful for sectors like finance where 3 second or lower block times would be required in order to develop decentralized exchanges.  Most businesses don't require sub-second block times especially if the chain isn't being used as a catch all.  Another problem caused by sub-second block times is bloat.  Every block created adds bloat to the chain.  In most cases for our business partners, they would end up with empty blocks ultimately taking up space on their network since they don't have the data requirements to fill a block at those speeds.

The coding language and blockchain smart contract design was also taken into account and played heavily in our decision to use ARK.  Graphene is built in C and isn't built in an object oriented fashion.  ARK (a fork of LISK) was built in JS and was built in an object oriented fashion.  This allows us a wider range of options over the long term.  While JavaScript may not be the language of choice for the finance industry, in our case it was the best option because it's easier to support and we want to build our Data Agnostic Platform modular as well.  The ARK chain better supports our business model and overall is easier to adapt to real world businesses.

However that's not to say we won't be able to adapt the Bitshares chain to our Data Agnostic Platform if a viable use case comes along.  With the proper resources it probably is possible.

[locohammerhead]

Our minimum amount is 100,000.  We do plan on refunding investors of the TEC if we don't reach the minimum goal.  The ARK Team is escrow so if we don't reach the minimum 100,000 the funds will be given back to the investors.  If we reach 350,000+ we have stretch goals set in place.  You can find our advanced funding tiers here: https://blockpool.io/docs/BP_PROCEEDS_A.pdf

Regards,
locohammerhead

You have mentioned min amount as $100K but in the PDF document you have provided link, the lowest amount mentioned is 500BTC ($500-600K). Please can you explained how can you go ahead with the project if the funding is less than 500BTC?

In the first page the list of directors/developers is around 8-9, are you guys planning to work free for a year till product is developed?

Hello,

The 100,000 is so we can get the full mainnet functioning with all current ARK features and to start work on the Smart Contract system.  The team has been working for free for the past year and half. So we will be taking a small cut while leaving more than enough to ensure developers are happy.  We are updating the Use of Proceeds document to show this.

Regards,
locohammerhead

ARK, the first fork of Lisk, was founded in September 2016. That's 7 month ago. Can you tell us, what your team has been working on, 11 months before September 2016, if Blockpool is just a fork of a fork of Lisk?

Hi TheEscrow

Our original plan was to fork from LISK.  However throughout our research we were worried about their development progress.  At this time we had already started building business partnerships so the need for something that would work out of the box was a growing concern.  When we came into contact with the ARK team, it was the best of both worlds.  They had cleaned up the junk code from LISK and provided a stable platform faster than LISK did.  This provided a distinct advantage for BlockPool since we didn't need to put forth the effort to clean it up ourselves.  We can focus on building what we need to in order to fulfill business needs instead of focusing on stability issues.

[cannabanana]

seems like a good project and any project that forks ark had the advantage of Bridging compatibility in the future so we welcome all legit projects to the ecosystem.  With ARK, you can't build bridges without foundations to begin and end them on.  Cooperation is a huge untapped market in crypto. 

[mamamae]

interesting i have some coin to put on this one

[erikalui]

The project looks good. Will be looking forward.