Here are some questions asked by our community members and also our answers.
We are getting traction on this project and we think that this is a good opportunity for members that are not yet part of it to find more detailed information (technical and non technical).
Q: Can I have a look at some Blockbits related smart contracts?
A: Sure, just take a look at
https://github.com/blockbitsio/smart-contractsQ: Under WP '3.1 Description', for "Platform testable risk indicators", what are the these indicators?
A: You can find detailed information in our documentation at
https://docs.blockbits.io/project_risk/Q: Under WP '3.2.4 Direct Funding Payments', who is the 'vault's owner'?
A: The investor is always the vault owner, each investor gets one, no matter which funding method do they choose (direct or milestone).
Q: Can the ICO participants view the content of the vault?
A: Yes all vaults are public, and a contributor can choose to validate their own vault on etherscan using (
https://github.com/blockbitsio/smart-contracts/blob/master/build-merger/FundingVault.sol ), since all of them are created by the FundingManager (which is the contract factory, all must be the same).
Q: Under WP '3.2.14 Fully open source', for the github repository, to confirm if it will be privately shared or public.
A: Take a look at
https://github.com/blockbitsio/ The project contains the 2 repos (source code and documentation) where everything we have is in source format, which includes diagrams / code / tests / forks of support projects like truffle and solc-binary, coverage tests and results, just about anything we could see as useful to anyone wanting to contribute to our project.
Q: Under WP '4.1 Phase 1 - Proof of Concept', it's dated 'June 2017 - January 2018' with many deliverables. Would like to have a glimpse of those deliverables (except the last 3 items).
A: Everything in the specified list is available ( except the mobile application which we are currently redesigning for better usability ).(
https://docs.blockbits.io/ page has urls pointing to these )
Q: When do you plan to hold the AMA session?
A: We are available for interviews any time, and for AMA sessions we are currently waiting for the community to grow larger for it to even make sense (anyone can come and ask anything they need information about here). You can find all the information regarding contacting us on the official website.
Q: Would be visually helpful if you could indicate the estimated YYYY/MM for 'Development Milestone 1' to 'Development Milestone 7': Doable?
A: The milestones are specifically estimated in days and not dates, because any can be postponed if issues arise ( postponing can only be accomplished through a proposal accepted by investors )
Q: There seems to be no one within the core team that have experience in the evaluation of companies for equity investments (eg. angel investment background)?
A: The team is composed of co-founders that have been in the software scene for 15-20 years, helping other companies achieve their goals. Some of us own small businesses and have come together to create a product that will help this space evolve into a safer market for both investors and projects.
Q: Who within the team will be coding the smart contracts, backend & frontend, or is it external at this moment esp. for the smart contracts?
A: Part A of the smart contracts is already written ( upgradeable architecture, funding, milestones, voting, independent organization, code upgrades ), they're used for the actual funding of this project, and have been written mostly by me ( Micky Socaci ) with help from @Lynceus and Mihai ( @DoomBike ), as well as audited by the community.
For any aditional questions or suggestions feel free to contact us using all available media channels listed on our official website.
Blockbits.io Team
Media #BlockBits #75497de9
