Since 2009, blockchain has meant a technological revolution in the way we send and receive information. It is an agile and decentralized way to communicate. Thanks to this, Bitcoin was born, a new way to exchange wealth through a safe way and the most important thing, without intermediaries, no third person taking benefits. Later it would become an emerging market with the arrival of the cryptocurrencies based on this technology. Nowadays, the capitalization of this market is worth almost $250 billion dollars.
Because of this growth, thousand of traders, investors and technology enthusiast have been attracted to this new market. There are great possibilities to increase your capital in a very small amount of time, but there are thousand of new projects, analysis, news and all kind of information every day, making very complicated to know where to invest.
On social networks there are a lot of information, good information and bad information. CRYPTOBAR borns from the necessity to filter all that information and take only the best analysis, the most important news and all valuable information.
Through our token BAR, all the users of the social networks are going to be able to reward the best contributions about this new technology.
If you are a beginner in this field, you will be able to see the most valued analysis and users, taking them as a reference and improving your profits with your investments. Instead, if you are a veteran in the market, you will be able to post your best analysis and get BAR as a reward. It is, as you can see a win-win situation. The value of the token is determined by the community itself and you will be able to exchange it on decentralized exchanges.
CRYPTOBAR is a decentralized social platform for the analysis of the financial market that rewards the operators with BAR tokens for providing valuable market analysis.
BAR is a token build on the Ethereum Blockchain, it places us in the middle of one of the most innovative and advanced ecosystems, reducing transactional costs, providing transparency and liquidity.
BAR token rewards the traders for sharing their knowledge and point of view about cryptocurrencies with the community.
The use of BAR will be enhanced through bots that will enable to reward in situ to the best contributions. Also, there will be contests, lotteries, tournaments and promotions to encourage the use of this token. CRYPTOBAR will be your social network of investments and a place to have fun at the same time.
The short term target of the project is the creation of a self-sufficient community which guarantee a good traffic of BAR between the users. We want to achieve that this tokens remain in circulation the most of the time, so we all will be able to receive and also we all will be able to give
Token ERC20 Ethereum Smart Contract
Type: Ethereum ERC20 Token Standard
Simbol: BAR
Address: Release with the ICO
Decimals: 18
Total quantity: 100.000.000 BAR
Avaliable supply: 70.000.000 BAR
Ratio: 2.500 BAR per ETH
Emision ratio: There won’t be more tokens
Minimum collection: 200 ETH
Maximum collection: 28.000 ETH
The total token supply that we are going to distribute is 100 Million BAR, the distribution is going to be the next one:
Breakdown:
- 70% (70 Mill BAR) are distributed on the ICO.
- 15% (15 Mill BAR) will be frozen.
- 10% (10 Mill BAR) will be distributed on the following reward system:
- 50% (5 Mill BAR) for future rewards.
- 25% (2,5 Mill BAR) will be distributed through the bot voting system. The bot will record every user publication and its reputation through time and will reward the most valuable users(statistically).
- 12,5% (1,25 Mill BAR) for competitions such as e-sports tournaments and trading statics.
- 12,5% (1,25 Mill BAR) for marketing campaigns.
- 5% (5 Mill BAR) will be distributed on an Airdrop.
The ICO collected funds will be distributed as follows:
- 15%will be used for marketing and promote the community. As more users we are more and better information we will have.
- 5% will be used for legal terms. We need advisory to have everything clear and legal and, this way, have the easiest path to the “Phase 3”
- 10% will be used for the incorporation of BAR in the best exchanges.
- 15% will be used for the team salaries.
- 55% will be used for the development of the project.
A monthly reward system will be created, which will reward the best 10 users of that month.
The total supply for this reward system is the next one:
From the monthly reward destined to the mensual ranking, first user will earn 30% of the total reward, second user will earn 25%, third user 15% and so on.
This reward mode is totally independent from the fact that users will still be able to reward personally the best analysis.
5% (5 Mill BAR = 4 Mill BAR from direct registration + 1Mill BAR from a bonus by reference) of the tokens will be destined to the Airdrop.
500 BAR will be distributed to the first 8000 users that will sign up.
Those users who notify that they are coming as a referral in the signing up form will receive 250 extra BAR (both the user and the referral)
In case there are less than 8000 users or there are not enough referrals, the remains will be distributed among the registered users.
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