http://robottia.com/BLTImages/BLT_Big_White.pnghttp://robottia.com/BLTImages/Secure_your_future.JPGI. The VisionPrior to the modern age, communities formed around geographic locations. These communities shared in each other’s success and losses. When a member of the community suffered a loss, each of the community members would help in covering the cost of the loss. As the world modernized, companies formed to take over this assignment, in the form of insurance, and communities began to disconnect from the process. Today, the world is growing into a global community where geography is no longer a necessary limit. We believe the global community can be brought closer together and gain a vested interested in the well being of there fellow humankind through a globally shared trust, built and secured on the blockchain.
II. The PlanBlockchain technology is poised to create disruption in and across many industries. It’s power to bring communities closer together is driving new innovation. Traditional markets have been structured around centralization and consolidation of power. No longer does the power, money and influence need to benefit the very few. Through blockchain and smart contract technology, BitLifeAndTrust aspires to disrupt the conventional broker markets in the insurance industry by returning the power of the markets to the communities which support it. BitLifeAndTrust will build a protocol for insurance products that are selected, funded and managed for the benefit of society. Our participants are you and others who fund the work of this project, the insured, who are made whole after a loss and everyone who believes in transparency without geographic boundaries. We aim to reduce the cost of all insurance in life, property, consumer goods, legal and others by putting the insured first. We aim to simplify claims processing by shifting the financial incentives from the seller to the claims processor and by creating competition among processors. Let’s together achieve the right to build a brighter future for you, those you care about and our global community. We invite you to participate in our shared beliefs, aspirations and desire for success. Thank you to the creators of blockchain, cryptocurrency and smart contract for making this all possible.
III. TimelineQ2 2017 Initial platform design
Development of Dapp logical design
Website launch
Q3 2017 Buildout of core team and advisors
Published Whitepaper
Token Issuing Event
Q4 2017 Begin Validator recruitment
Platform development
Testnet deployment of platform – phase I
Q2 2018 Production deployment of platform – phase I
Deployment of Consumer Facing Web Application
Q4 2018 Production deployment of platform – phase II
Contract focus areas: Term Life, Dismemberment
Deployment of mobile app
Continue building network of Validators and Assistants
Q2 2019 Production deployment of platform – phase III
Contract focus areas: Consumer goods, Property
Project DetailsIncorporation Status: Bit Life and Trust Co., Delaware, 2017
Team Openness: Fully transparent
Technical Lead: Michael Howton
Token DetailsRole of Token: Payment rights, voting rights
Token Supply: 100 million
Distributed in Token Sale: 70 million
Blockchain: Ethereum
Consensus Method: Proof of Work
Pre-Token Sales Event for registered users:Event period: September 12, 2017 to September 20, 2017
Participants: Registered Purchasers
Registrations Site:
www.bitlifeandtrust.com/registrationToken Sale Event Details:Event period: September 25, 2017 to October 30, 2017
First price: 1 ETH = 400 BLT
Accepted currencies: ETH
Round: First Sale
Token Distribution: November 2017
Min sales goal: none
Target sales goal: 120,000 ETH
Max sales cap: 166,000 ETH
Bonus Schedule: No Bonus
