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Author Topic: [ANN] [ICO] BITBASE Escrow Technology Changing Smart Contracts as Whole  (Read 85288 times)
yakovfabrizio
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September 16, 2017, 11:52:47 PM
 #1

What​ ​is​ ​BITBASE

Website bitbase.io

BITBASE is the very first coin that has changed smart contracting as a whole and fixed it’s
flaws, BITBASE is the very first coin to allow you to recover your coins in case of a transaction
that goes bad. This could be useful in many ways, along with that companies like
www.escrow.com , www.ebay.com , www.paypal.com and many more can implement it, Why
should these companies integrate BITBASE, BITBASE coin could easily be integrated with their
buyer/seller protection feature.


BITBASE is not just a coin it’s an advancement to the blockchain technology as a whole it
doesn't just end there. BITBASE also offers a unique VISA card that allows users to shop online
with ease and no hassle.


Why we invented BITBASE, in the Crypto industry there are many scammers about with the
current crypto technology, due to that the crypto technology is rising very slowly with BITBASE
technology in place the calculations show that the crypto technology market will attract more
people everyday, since people will not fear losing their coins.
BITBASE team, you will find all the information about the BITBASE team below on this WHITE
PAPER and also on the homepage of www.btibase.io
BITBASE the future of cryptocurrency. Now let's see some advantages of BITBASE




I. You can buy / sell with a piece of mind, you won't lose clients because they won't have
to worry about being scammed.



II. 5x faster than smart contacting.



III. Simple and easy to use system with detailed explanation to accept the coin with the
current payment gateway you are already using.



1)Traditional​ ​concept


Traditionally, Person A sends the funds to Person B, and in turn Person B sends item to Person
A to complete the trade.
In a smart contract; there is an additional level of protection, unfortunately it protects the buyer
only. When conducting a trade with a smart contract, Person A sends coins via Escrow feature
(smart contract) where both parties must agree to release the coins to complete the transaction.
However if the buyer does not agree, the funds or coins are returned to the buyer after a time
limit. There is a huge flaw in today’s blockchain smart contracts, because they only protect the
buyers.




In fact today’s smart contracts may very well promote fraud on the part of the buyers. If a seller
has shipped a product or item, and the smart contract keeps the coins held in escrow until both
parties agree to release them, but what if the buyer decides not to release or confirm the
transaction, despite the fact that they received the goods? Any buyer can easily take advantage
of this huge flaw in the so called smart contracts.
If confirmation is not received by both sides, the coins are eventually returned to the buyer, after
a predetermined time limit. In this case the seller losses the product and eventually will be out of
business. We can clearly see that today’s blockchain smart contracts are in fact far from being
smart.



2)​ ​Our​ ​Difference.​ ​The​ ​Concept:


In our system, let's assume: we have a group chat. Person A and Person B are trading. Both
ask Person C to send them an escrow identifier, Person C generates one (through his wallet)
and pastes it in the chat, Person C also gets a unique hash password to control the outcome of
the transaction. Once both parties are happy, Person C releases the money. If either one of the
parties is not happy, then the transaction is held in escrow during the dispute process, until such
time that a resolution has been determined. E.G: like Paypal dispute & resolution center.
Person A binds the transaction (coin-cli generate payment [amount] [recipient’s address]
[escrow ID]) to the escrow identifier and gives them the payment hash which can be seen at the
blockchain explorer. Person B sends the item to Person A.




3)​ ​Case:​ ​Both​ ​parties​ ​are​ ​happy


Both parties ask the escrow to release the funds. Escrow executes the command: coin-cli
release funds [escrow ID] [escrow PASSWORD]



4)​ ​Case:​ ​Parties​ ​are​ ​not​ ​happy



In case of dispute, escrow decides in favor of Person A, then he/she can execute coin-cli return
funds [escrow ID] [escrow PASSWORD], otherwise if Escrow sides with Person B, then coin-cli
release funds [escrow ID] [escrow PASSWORD]




5)​ ​Normal​ ​Send/Receive​ ​Transactions:


If user wants to send a transaction as a normal payment, user can choose to do so, and it will
just be broadcasted to the network just like bitcoin, but if they want to send via escrow the
concept above should take place this can be done with the existing bitcoin code. You can find
several links and Bitcoin commands at the bottom of this page that will make more sense to
developers.



6)​ ​Case​ ​Studies:


A programmatically API will help you extend the functionalities of the BITBASE coin!
1. For companies like Escrow.com and PayPal, they can act as the direct escrow with the
assistance of our programmable node. They will be able to generate escrow ID, process
transactions, release funds all programmatically. This could integrate well with their buyer/seller
protection feature.



2. Similarly for companies like eBay, Amazon, our smart contract BITBASE technology will allow
any company, business or online website to use the node to generate escrow requests on the
go. They can decide to release the funds after X days after buyer expresses their satisfaction.
They could relatively depend upon the seller's reputation. Good reputation, less time to release
funds.

============

We are hiring developers for the bitbase escrow technology, Use the contact form here to apply https://bitbase.io/contact-us

https://bitbase.io

==**== BITBASE.IO ICO/INVESTMENT PROGRAM  ==**==
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
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September 16, 2017, 11:54:57 PM
 #2

When do you plan to start the ICO?

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September 17, 2017, 12:01:11 AM
 #3

ICO token sale BTB has just already started first token sale tier will run for 10 days.

==**== BITBASE.IO ICO/INVESTMENT PROGRAM  ==**==
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September 17, 2017, 12:04:40 AM
 #4

Is there a minimum investment?

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September 17, 2017, 12:15:27 AM
 #5

Hi
Please i'd like to know the min and max investment.
Also please tell us the ICO starting date.
I had a look to the project and it looks interesting.
Usually I wait after ICOs but in this case I might participate.
Thank you.

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yakovfabrizio
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September 17, 2017, 12:15:48 AM
 #6

Yeah 10 btb tokens equivalent of $1

==**== BITBASE.IO ICO/INVESTMENT PROGRAM  ==**==
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September 17, 2017, 12:19:11 AM
 #7

Nice concept. It would be much trustworthy and faster than user to user and website based escrow.

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yakovfabrizio
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September 17, 2017, 12:24:25 AM
 #8

Hi
Please i'd like to know the min and max investment.
Also please tell us the ICO starting date.
I had a look to the project and it looks interesting.
Usually I wait after ICOs but in this case I might participate.
Thank you.


Hi

Minimum investment is 10 BTB Tokens = $1 and Max on 1st Teir is 25,000,000 Tokens

==**== BITBASE.IO ICO/INVESTMENT PROGRAM  ==**==
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September 17, 2017, 12:26:09 AM
 #9

No pictures ? You need to improve presentation
yakovfabrizio
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September 17, 2017, 08:01:11 AM
 #10

No pictures ? You need to improve presentation

Not allowed to post images here reason not many posts, how ever white paper available here https://bitbase.io/whitepaper-eng.pdf and in russian  https://bitbase.io/whtepapper-ru.pdf

==**== BITBASE.IO ICO/INVESTMENT PROGRAM  ==**==
yakovfabrizio
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September 17, 2017, 11:26:38 AM
 #11

Bitbase Bounty

Enjoy earning from anyone who you refer, 1% of the total BTB purchased by your referral will be added to your BTB tokens balance.

An Amount of 100,000 BTB Tokens are specially created for this Bounty, and that is not all, if not all commissions will be taken by people referrals the remaining amounts will be split to the top 100 referrers.

How can you bring other people to the BitBase website?
Simply login to your account, click the referral link under the Total Referrals & Total Commissions Stats and you will be redirected to a page with your unique referral link & id.

==**== BITBASE.IO ICO/INVESTMENT PROGRAM  ==**==
yakovfabrizio
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September 18, 2017, 01:19:14 AM
 #12


A good start so far and I wish to thank everyone in participating in the BTB ICO and making this possible in the near future. We already raised over 6000$ worth of BTC and ETH in 24 Hours and is just the start. If you have any questions or anything related to Bitbase project let us know, we are more than happy to hear your opinion.


Stats

Total BTB Token Sold 57,819 BTB out of
99,942,181

0.597494
BTC Raised

14.240848
ETH Raised

$5,781.90
USD Raised

==**== BITBASE.IO ICO/INVESTMENT PROGRAM  ==**==
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🌟ATLANT ICO: 7/09/17🌟


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September 18, 2017, 02:00:42 AM
 #13

nice project sir, it will be great to reserve chinese translation for this thread. PM me if you need it.

yakovfabrizio
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September 18, 2017, 10:40:29 AM
 #14

nice project sir, it will be great to reserve chinese translation for this thread. PM me if you need it.

Sorry for some reason unable to send pm message, Thanks for showing interest in Bitbase, Yes we could do with chinese transalation :-)

We are also looking for other languages

==**== BITBASE.IO ICO/INVESTMENT PROGRAM  ==**==
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September 21, 2017, 02:08:23 PM
 #15

BTB ICO Stats

Total BTB Token Sold 12,006,307 BTB out of
87,993,693

154.090294 BTC Raised

2070.751889 ETH Raised

$1,200,630.70 USD Raised

We are working on a new program within Bitbase after the token sale ends, Investors will be able to buy Investment packages for daily return.

BTB will be added to coinmarketcap after ICO ends, We hope to see BTB rate at around $2.70+

Exchangers

1     Bittrex   
2     Poloniex   
3     LiteBit.eu   
4     Cryptopia   
5     alcurEX   
6     Novaexchange   
7     Yobit
8     Coinexchange.io
9     Bitbase Exchanger




==**== BITBASE.IO ICO/INVESTMENT PROGRAM  ==**==
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September 21, 2017, 02:12:41 PM
 #16

I don't usually join ICO's but this is looking somewhat promising, so I might just chip in a bit.

Good luck for the project!
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September 22, 2017, 04:22:45 PM
 #17



Exchange BTB Tokens & Currencies exchange url https://bitbase.io/exchange


BTB Exchanger implemented into bitbase, Accepted payment method BTC - ETH - PM - ADVCASH - PAYEER

The above feature will be avialable after ICO end date.


More updates to follow. Join https://bitbase.io

==**== BITBASE.IO ICO/INVESTMENT PROGRAM  ==**==
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September 26, 2017, 06:43:42 AM
 #18

Earn 50 Free BTB Worth $5 On Signup .

Join Now https://bitbase.io

==**== BITBASE.IO ICO/INVESTMENT PROGRAM  ==**==
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EventChain ICO: 09/13/17


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September 26, 2017, 06:58:20 AM
 #19

interesting project i have sign up and i will try ans refare people
https://www.bitbase.io/images/bb250.gif

                        eventchain.io | EventChain is the Future of SmartTickets™                       
ICO SALE BEGINS SEPT 13 | EventChain Blockchain Token Network SmartTickets
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September 26, 2017, 08:34:23 AM
 #20


Thanks for showing interest in Bitbase.io you can join Bitbase Telegram for regular updates search  bitbasecoin and simply Join!

==**== BITBASE.IO ICO/INVESTMENT PROGRAM  ==**==
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