ANN - Botchain by Talla Token Sale - Platform For Managing Intelligent Agents

[Hendoboxing]

Many thanks everyone for your solid support. Means a lot to the team

[Shoshi91]

If you missed the live webinar on BotChain's Curation Council, you can still catch the recording here! Simply register to gain access..

https://register.gotowebinar.com/register/4526358810550722561

Also, the team are hosting an AMA session on July 16th, 9AM (EST) with Botchain CEO Rob May! 🙌

Join our TG channel for more details: https://t.me/botchainICO

[chickaboom]

If you missed the live webinar on BotChain's Curation Council, you can still catch the recording here! Simply register to gain access..

https://register.gotowebinar.com/register/4526358810550722561

Also, the team are hosting an AMA session on July 16th, 9AM (EST) with Botchain CEO Rob May! 🙌

Join our TG channel for more details: https://t.me/botchainICO

Don't forget everyone, the AMA is hours away, July 16th, 9AM (EST). This is a good chance to ask some questions and interact with the Botchain CEO Rob May! Come and join https://t.me/botchainICO

[hnoy92]

I want the idea advance. Very nice website, classy design!  Good luck fellows.

Thanks for the support! You can read more on the project over here: https://medium.com/botchain/explaining-the-botchain-network-part-1-b2f6fa2f2860

[chickaboom]

Hey Botchain Community!

Less than one hour left until the AMA on July 16th, 9AM (EST) with the Botchain CEO Rob May!

Come and join https://t.me/botchainICO

Do you have any questions? or something you want to know? 🤔 Please feel free to ask it here in our community chat and add the tag #BotchainAMA 👋🤝

[Anc92]

HELLO BOTCHAIN COMMUNITY!!!
in case you missed the Live AMA with CEO of Botchain, Here's the Transcript:

Rob May, [16.07.18 14:01]
HI Everyone

Interviewer [16.07.18 14:01]
hello Rob, glad to have you here with us today,, as always.

Interviewer [16.07.18 14:02]
[In reply to Rob May]
Hi Rob! Good day 😊

ANC AmaZix, [16.07.18 14:02]
Let us start from the very Top,
What issues are BotChain attempting to solve and how?

Rob May, [16.07.18 14:03]
The biggest issue is illustrated by the Google Duplex demo.  You can watch it here https://www.youtube.com/watch?v=bd1mEm2Fy08

Rob May, [16.07.18 14:03]
We are about to enter a world where humans and bots are indistinguishable in many ways

Rob May, [16.07.18 14:04]
So, bots need an identity.  Humans have passports, SSNs, IDs of all kinds.  Bots need this too.  And if bots have it, then, well, do you want Amazon or Facebook to control that identity standard?  Or do you want it to be decentralized and community owned?

Rob May, [16.07.18 14:04]
If the latter, then you need a blockchain protocol.  And once you have identity for AI,  you can have reputation, smart contracts, audit trails, and more.  So, identity is the foundation.

Interviewer [16.07.18 14:06]
Amazing!!
Thank you for your apt response.

Interviewer [16.07.18 14:06]
For the next question,
How would you explain Botchain to your Grandfather?
Like, someone who is not tech savvy.

Rob May, [16.07.18 14:07]
I usually tell non-tech people that, if your bank bot contacts you, how do you know it is really owned by your bank?

Rob May, [16.07.18 14:07]
Botchain solves that problem.

Interviewer [16.07.18 14:09]
Oh I see. Thank you for that

Interviewer [16.07.18 14:11]
I know you've gotten this question alot and it is the backbone of every crypto project so..
Why does botchain need to be on the blockchain, what special features can we expect or should I say, what advantages does the blockchain offer?

Rob May, [16.07.18 14:12]
Great question

Rob May, [16.07.18 14:14]
Blockchains allow tokenization, which allows for Token Curated Registries.  Botchain is a form of a TCR.  The tokens serve as an incentive to make the registry high quality.  In addition to that, blockchain entries can serve as good identity standards, and there are several projects that do so for humans... Civic being the most high profile.  (You can think of Botchain as Civic for AI).  When you look down the road, the immutability of the blockchain ledger is good for audit trails for enterprise bots too.  So, there are a few things that overlap well.

Interviewer [16.07.18 14:17]
[In reply to Rob May]
Exciting possibilites👌🏾

Interviewer [16.07.18 14:18]
[In reply to Rob May]
Amazing! 🙌 For the next question, what will Botcoin be used for?

Rob May, [16.07.18 14:20]
Initially, Botcoin is used to pay curators, and to incentivize early bot registration.  We don't have mining.  We have a concept called curation, and a "token incentive vault" that holds a bunhc of premined coins.  Down the road, botcoin can be used for other transactions as well

Interviewer [16.07.18 14:21]
[In reply to Rob May]
Can you clarify what you mean when you say "Other Transactions"?

Rob May, [16.07.18 14:23]
well, this isn't built yet, but, in 2019 we hope to have functionality that allows developers to build bot skills and put them in an open marketplace

Rob May, [16.07.18 14:23]
So for example - maybe you ask your bot to book you a plane ticket, but it doesn't have that skill.  It could source it from the skills marketplace and compensate the developer (or another bot) in botcoin.

Interviewer [16.07.18 14:24]
[In reply to Rob May]
Oh wow! 😮 Looking forward to it✨

Interviewer [16.07.18 14:25]
So, do you currently have an MVP, and do you plan on having masternodes in the future?

Rob May, [16.07.18 14:26]
yes, we are launched on Ethereum main net, but we are the only company with access at the moment

Rob May, [16.07.18 14:26]
We are integrating with our key partners, and will open up publicly once they launch.

Rob May, [16.07.18 14:26]
On masternodes, we haven't made a decision.  I think you can make good money providing a curation service though

Interviewer [16.07.18 14:28]
By the way, Botchain Community, if you've just tuned in - we are having a live AMA with ✨ Rob May @BotchainCEO ✨😊  AmaZix will be asking Rob members' submitted questions. Kindly stay silent during this time until after the disucssion. Enjoy!! 🚀💥

Interviewer [16.07.18 14:29]
[In reply to Rob May]
Great stuff Thank you!

Interviewer [16.07.18 14:29]
May I ask, do you have any plan for the worldwide adoption? 🤔

Rob May, [16.07.18 14:31]
The initial partners we have already signed, they reach 50,000 developers and 400M end users.  So, I expect yes, as we roll out through these partners, that will happen.

Rob May, [16.07.18 14:32]
In addition, one of our partners is middleware for IBM's cloud platform so, Botchain will by default be available on IBM's cloud.  And our other partners are working on more OEM deals in which Botchain will be supported

Interviewer [16.07.18 14:32]
Wow!
Truly impressive.

Interviewer [16.07.18 14:33]
Could you please give us a few use cases of this Tech and throw some light on the comptetion you face?

Rob May, [16.07.18 14:35]
One example of identity is - when you go to a webpage, say Starbucks.com, you see a green lock in the URL field.  This shows you are visiting a website that is secure.  With Botchain you could see that in your bot platform or, if  the platform doesn't support it, you could verify manually before you give the bot important information.

Rob May, [16.07.18 14:36]
We don't have any direct competition.  In fact, several of the other AI/blockchain platforms have adopted our identity standard, and we expect to announce more soon

Rob May, [16.07.18 14:36]
Here is one example https://bitcoinexchangeguide.com/botchain-blockchain-bot-registry-adds-seed-and-passage-ai-partnerships/

Interviewer [16.07.18 14:39]
[In reply to Rob May]
Nice! Thank you for this example, Rob

Interviewer  [16.07.18 14:40]
So is BotChain planning on staying on the ethereum blockchain? 🤔

Rob May, [16.07.18 14:41]
Tough to say.  We aren't religious about the blockchain platforms the way some people are.  I've been in tech too long to do that.  We think Ethereum may not scale enough, and we will move to whatever will.  But maybe Ethereum will get better fast enough

Rob May, [16.07.18 14:42]
For example, I worked on Ultrawideband tech in 2005 - 2007.  It was supposed to be lightning fast wireless, but, 802.11 got faster while we were building it and the whole UWB market fell apart.

Rob May, [16.07.18 14:42]
So we will watch and make the best decisions we can

Rob May, [16.07.18 14:44]
Ok, one last question and I have to jump on a sales call

Interviewer [16.07.18 14:44]
[In reply to Rob May]
I see. Thank you for that 🙌 Again, looking forward to it 😊
Interviewer [16.07.18 14:44]
[In reply to Rob May]
Okay And now for the last question, are you out of beta yet? Roadmap says May 2018 main network launch is still in progress. If still in beta, when is the updated target? 🤔

Rob May, [16.07.18 14:45]
[In reply to Angel AmaZix]
Updated target is late October.  It really means when we are integrated with partners and in market.

Interviewer [16.07.18 14:46]
OK Rob, thank you for your time and precise answers.
Always a pleasure to have you around.

Interviewer [16.07.18 14:49]
And that's it, Botchain Community!
That's the end of our Live AMA with Rob May @BotchainCEO ✨🙌
Thank you for tuning in with us and of course, if you have anymore questions,  we're always here to answer them for you 24/7 😇👍

Interviewer:
Thank you very much @BotchainCEO for your time! 😊🙏


You can join the Telegram channel and learn more here:
https://t.me/botchainICO

[SmartBounty]

Strong team have actual project and vision is quite interesting. In my opinion, this is an interesting project.

[Gemma_AmaZix]

I'm interested on this business. I'll wait for this to look what is going to originate!  Good luck team.

Hey! Thank you for the support, the team really appreciates it.
If you'd like to make sure you don't miss any updates be sure to join the official Telegram channel just here https://t.me/botchainICO

[magisterr]

Why you need token sale if you have investments from venture companies? You have money for development and business already.

[Gemma_AmaZix]

Why you need token sale if you have investments from venture companies? You have money for development and business already.

Hey there! The figures of what has been raised haven't been released yet, the team will notify the community once figures are finalized, you can keep up to date here, or join the official Telegram channel here https://t.me/botchainICO )

[Gemma_AmaZix]

Hey, BotChain fans!!

For those of you interested to know if there is an MVP and how it works...


The version of BotChain available at launch (aka MVP, “Minimum Viable Product”) will be a fundamental platform for bot identity by creating a way to find and validate the identity of other bots. Bot developers will be able to register their bots on the BotChain. Other users and bots will be able to query the BotChain for available bots that exist on the BotChain. Also, bot identities will be able to be validated. In order to access the BotChain for these features, BotCoin will need to be paid to the BotChain platform. These identity services will provide immediate value while building the foundation for future BotChain capabilities. The Ecosystem Token

[iMaker]

I like the idea. Team looks good. Lets see how they execute. AI is the future and if they manage to pull this off, it will be huge. All the best!

[Icoha2018]

The platform of botchain is quite interesting but I think other investors are skeptical about the high hardcap level of the project that will hardly yield the desired return.

[Gemma_AmaZix]

The platform of botchain is quite interesting but I think other investors are skeptical about the high hardcap level of the project that will hardly yield the desired return.

Hi there!

Well the hard cap is a goal for the team, the soft cap is the amount of which they need to reach which is 10 million USD

[BitGainer03]

CoinFollow ICO aggregator added BotChain (BOTC) project. Average rating is 8.4/10 at the moment of posting. More details are available here https://coinfollow.io/ico/botchain

[chickaboom]

Hello team! You need to add token details to permit participants to join the idea!

👉🏻Total Supply: 40 million
👉🏻Hard Cap - $40m / Soft Cap - $10m
👉🏻Unsold and Unallocated tokens: Burned after the token sale event.

Up to 60% (24 million) BOTC will be available for public sale. 6M will be reserved for the Token Vault and the remaining 18M will be available for the public sale.
● 20% will be allocated for network advisors and partners and to support building the ecosystem. These will be immediately usable after the platform launch, to allow developers to provide identity and audit solutions for their customers.
● 20% of tokens are retained to support current and future development efforts and operations and to compensate team members and stakeholders

For full details, you can check the white paper (page 28-29): https://botchain.network/whitepaper.pdf

[mbally]

Good to know about your project, Please do you have an bounty ongoing or a planned bounty?

[chickaboom]

Good to know about your project, Please do you have an bounty ongoing or a planned bounty?

There is no bounty program as of right now. Feel free to register here for updates 👉 https://botchain.talla.com/

[Gemma_AmaZix]

Hey BotChain fans!!

Interested to know more about the curation within Botchain? Find out how it works and what the incentives are?

Then take a look at page 11 of the technical whitepaper 

https://botchain.talla.com/technical-whitepaper.pdf

[Leo0783]

It's a required product and has a valuable value proposition. Decent team. They have MVP. Good luck.