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Author Topic: [ANN] Biotron.io Announcement - Transparent personal data analytics platform  (Read 27395 times)
Biotron.io
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March 22, 2018, 08:45:58 PM
 #1461


Biotron's CEO reveals their roadmap for 2018. Initial Token Event starts in 6 days - register at www.biotron.io.



Can you tell us why youre not burning the not sold token? Its normally a better idea so you can raise the value of it.
The unsold tokens will be added to the user acquisition pool, which will be distributed among our app users to give further incentive to be a part of our project.

If you can be an application user and get tokens for free, then what profit will investors get if they buy tokens? What is the point of buying tokens?

This rule is unfair to investors.  I think the reward token should be the part of the original marketing plan.
burning the unsold token can protect the interests of investors.
Completely agree, unsold tokens can greatly reduce the price of the token. It would be fair to burn them, or divide them among investors. I hope the project team will be able to reconsider its decision.

I would also prefer burning unsold tokens.

But even if you will do like this just make a ratio of it. Like %80 of the unsold tokens will be burned %20 will distribute among app users. It would be a good solutiıon for everybody.
in fact i also believe that it would be better to burn any unsold tokens and not distribute them as an incentive to the app users this will almost certainly lower the price of the token when they will be listed on some exchanges...
We have made our statement on the user acquisition pool, in this post here. Please have a look.
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March 22, 2018, 08:51:31 PM
 #1462


Biotron's CEO reveals their roadmap for 2018. Initial Token Event starts in 6 days - register at www.biotron.io.



Can you tell us why youre not burning the not sold token? Its normally a better idea so you can raise the value of it.
The unsold tokens will be added to the user acquisition pool, which will be distributed among our app users to give further incentive to be a part of our project.

If you can be an application user and get tokens for free, then what profit will investors get if they buy tokens? What is the point of buying tokens?

This rule is unfair to investors.  I think the reward token should be the part of the original marketing plan.
burning the unsold token can protect the interests of investors.
Completely agree, unsold tokens can greatly reduce the price of the token. It would be fair to burn them, or divide them among investors. I hope the project team will be able to reconsider its decision.

I would also prefer burning unsold tokens.

But even if you will do like this just make a ratio of it. Like %80 of the unsold tokens will be burned %20 will distribute among app users. It would be a good solutiıon for everybody.
in fact i also believe that it would be better to burn any unsold tokens and not distribute them as an incentive to the app users this will almost certainly lower the price of the token when they will be listed on some exchanges...

interest me the fact of burn 80% of the not sold tokens, is a great form to your appreciation, and a great propose to your investors. fast appreciation and continuos ascencion
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March 22, 2018, 09:02:31 PM
 #1463

You also get paid by selling your data with their tokens. I guess also to buy the data is the same story?

Why would an individual buy somebody's data? I think it works only one way, you sell your data, Bitron will collect it, analyze and sell it further to interested companies so they could use this analysis in order to improve their digital marketing campaigns.

I don't think there would be some obstacle for individuals to buy data but as you stated it would be meaningless and not expecting any individual go for it.

But if a company is interested in buying data from Biotron, will they be able to pay in fiat or do they have to pay Biotron tokens for the data?
I think it is logical that they should pay in Biotron tokens, thereby stimulating sales on exchanges and increasing interest in the coin.
aveon
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March 22, 2018, 09:02:44 PM
 #1464


Biotron's CEO reveals their roadmap for 2018. Initial Token Event starts in 6 days - register at www.biotron.io.



Can you tell us why youre not burning the not sold token? Its normally a better idea so you can raise the value of it.
The unsold tokens will be added to the user acquisition pool, which will be distributed among our app users to give further incentive to be a part of our project.

If you can be an application user and get tokens for free, then what profit will investors get if they buy tokens? What is the point of buying tokens?

This rule is unfair to investors.  I think the reward token should be the part of the original marketing plan.
burning the unsold token can protect the interests of investors.
Completely agree, unsold tokens can greatly reduce the price of the token. It would be fair to burn them, or divide them among investors. I hope the project team will be able to reconsider its decision.

I would also prefer burning unsold tokens.

But even if you will do like this just make a ratio of it. Like %80 of the unsold tokens will be burned %20 will distribute among app users. It would be a good solutiıon for everybody.
in fact i also believe that it would be better to burn any unsold tokens and not distribute them as an incentive to the app users this will almost certainly lower the price of the token when they will be listed on some exchanges...

interest me the fact of burn 80% of the not sold tokens, is a great form to your appreciation, and a great propose to your investors. fast appreciation and continuos ascencion
Literally, burning tokens means good growth for the remaining ones. But in the unstable market it may mean something different, so you gotta think twice or three times now before doing that.
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March 22, 2018, 09:08:23 PM
 #1465

You also get paid by selling your data with their tokens. I guess also to buy the data is the same story?

Why would an individual buy somebody's data? I think it works only one way, you sell your data, Bitron will collect it, analyze and sell it further to interested companies so they could use this analysis in order to improve their digital marketing campaigns.

I don't think there would be some obstacle for individuals to buy data but as you stated it would be meaningless and not expecting any individual go for it.

But if a company is interested in buying data from Biotron, will they be able to pay in fiat or do they have to pay Biotron tokens for the data?
I think it is logical that they should pay in Biotron tokens, thereby stimulating sales on exchanges and increasing interest in the coin.


I am not sure that is very smart, as most ICO's accept ETH as payment, the projects tend to sell the invested ETH to fund their project, resulting in a constant pressure in sale orders

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March 22, 2018, 09:42:01 PM
 #1466

You also get paid by selling your data with their tokens. I guess also to buy the data is the same story?

Why would an individual buy somebody's data? I think it works only one way, you sell your data, Bitron will collect it, analyze and sell it further to interested companies so they could use this analysis in order to improve their digital marketing campaigns.

I don't think there would be some obstacle for individuals to buy data but as you stated it would be meaningless and not expecting any individual go for it.

But if a company is interested in buying data from Biotron, will they be able to pay in fiat or do they have to pay Biotron tokens for the data?
I think it is logical that they should pay in Biotron tokens, thereby stimulating sales on exchanges and increasing interest in the coin.


Exactly, serving as payment method for data trades is the only purpose of Biotron tokens and it makes sense to exclude other currencies forcing customers to buy the tokens and thus increasing demand.

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March 22, 2018, 09:50:33 PM
 #1467

You also get paid by selling your data with their tokens. I guess also to buy the data is the same story?

Why would an individual buy somebody's data? I think it works only one way, you sell your data, Bitron will collect it, analyze and sell it further to interested companies so they could use this analysis in order to improve their digital marketing campaigns.

I don't think there would be some obstacle for individuals to buy data but as you stated it would be meaningless and not expecting any individual go for it.

But if a company is interested in buying data from Biotron, will they be able to pay in fiat or do they have to pay Biotron tokens for the data?
I think it is logical that they should pay in Biotron tokens, thereby stimulating sales on exchanges and increasing interest in the coin.


Exactly, serving as payment method for data trades is the only purpose of Biotron tokens and it makes sense to exclude other currencies forcing customers to buy the tokens and thus increasing demand.
I can't imagine this working other way. It has to work with Biotron tokens this is why the were created.

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March 22, 2018, 10:18:39 PM
 #1468

I have a question for devs. Biotron will sell the data to any buyer? Will they check the buyer and the purpose of using the data?
I ask this question because maybe there will be the possibility of sharing personal data to some people, who can bring about the assassination or harm the life of some people ,or maybe they will get some hands not good.

Interesting point. Even if personal data is anonymized, it has the capability of being abused. In recent history, look at Facebook / Cambridge Analytica, or in less recent history, well, I will go no further than the word eugenics to avoid Godwin's law. Besides anonymized data can potentially be deanonymized. For example, even though you can remove a name from a data set, a person can be identified by their location and car brand.
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March 22, 2018, 10:30:51 PM
 #1469

The token sale will start soon. I’m impatiet to see how much biotron will raise, I think some people are interested by the project, especially in this period with all these private data, I think biotron can have a nice sucess.
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March 22, 2018, 10:48:10 PM
 #1470

The token sale will start soon. I’m impatiet to see how much biotron will raise, I think some people are interested by the project, especially in this period with all these private data, I think biotron can have a nice sucess.

On the one hand it is a terrible time for ICOs. Cryptocurrencies in general are getting FUD multiple times on a daily basis. On the other hand the Facebook controversy could point some attention to Biotron, although there are also some similar questions to be raised about how to prevent personal data from being used unethically.
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March 22, 2018, 10:57:39 PM
 #1471

I have a question for devs. Biotron will sell the data to any buyer? Will they check the buyer and the purpose of using the data?
I ask this question because maybe there will be the possibility of sharing personal data to some people, who can bring about the assassination or harm the life of some people ,or maybe they will get some hands not good.
I think you will never know what happens with your data if you sell them to a company.
So you should only sell data which you really want to make public.

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March 22, 2018, 11:25:23 PM
 #1472

I have a question for devs. Biotron will sell the data to any buyer? Will they check the buyer and the purpose of using the data?
I ask this question because maybe there will be the possibility of sharing personal data to some people, who can bring about the assassination or harm the life of some people ,or maybe they will get some hands not good.
I think you will never know what happens with your data if you sell them to a company.
So you should only sell data which you really want to make public.

Additionally, I think with Biotron platform, users wil get to chose whatever data will be accessible to them via the platform.
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March 22, 2018, 11:47:16 PM
 #1473

I guess this ICO will be a litmus test on the investors sentiment towards a legit and viable project while under a bearish period.

 
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March 22, 2018, 11:47:49 PM
 #1474

I have a question for devs. Biotron will sell the data to any buyer? Will they check the buyer and the purpose of using the data?
I ask this question because maybe there will be the possibility of sharing personal data to some people, who can bring about the assassination or harm the life of some people ,or maybe they will get some hands not good.
I think you will never know what happens with your data if you sell them to a company.
So you should only sell data which you really want to make public.

Additionally, I think with Biotron platform, users wil get to chose whatever data will be accessible to them via the platform.
I hope that there will be very fine adjustable possibilities to choose what data we will sell and what not.

 
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March 23, 2018, 01:54:24 AM
 #1475

Speaking of data, people will be able to monetize even on medical data? I see a huge demand for that, if researchers have more data they can speed up what they are reaseraching

I am not sure whether the data is to be used for scientific purposes, the main goal of Biotron is to to offer the same social media platforms but where the data generators (users) earn as well in the same profit model

I'm still a bit confused about all the possibilities of earnings of Biotron users, will it be a way to sell our Medical data through your Platform and receive in your token in the Ethereum network? Or in the future will there be a Swap for the chain itself?
I think most likely there will be a swap, because this project will work on the SophiaTX blockchain. It would be nice if the devs clarified this.

But its still an interesting question. When i receive Sophia based tokens on their platform, where and how do i trade them in to buy something ETH based?


If they issue a token there will definetly be a trading system in the wallet like NXT, waves, stellar, etc

If they don't, they should. It would make for a better user experience

But if biotron doesnt have other special use case for each token, we have too much blockchain with its token system already. And also it will blog down the blockchain. ARdor is interesting new sidechain blockchain provider, they can probably use its clone

You mean running Biotron as a sidechain on Ardr?
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March 23, 2018, 01:59:43 AM
 #1476


Biotron's CEO reveals their roadmap for 2018. Initial Token Event starts in 6 days - register at www.biotron.io.



Can you tell us why youre not burning the not sold token? Its normally a better idea so you can raise the value of it.
The unsold tokens will be added to the user acquisition pool, which will be distributed among our app users to give further incentive to be a part of our project.

Is there a distribution scheme for this? E.g. 10% in first year, 5% in second or something like this

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March 23, 2018, 03:40:12 AM
 #1477

Speaking of data, people will be able to monetize even on medical data? I see a huge demand for that, if researchers have more data they can speed up what they are reaseraching

I am not sure whether the data is to be used for scientific purposes, the main goal of Biotron is to to offer the same social media platforms but where the data generators (users) earn as well in the same profit model

I'm still a bit confused about all the possibilities of earnings of Biotron users, will it be a way to sell our Medical data through your Platform and receive in your token in the Ethereum network? Or in the future will there be a Swap for the chain itself?
I think most likely there will be a swap, because this project will work on the SophiaTX blockchain. It would be nice if the devs clarified this.

But its still an interesting question. When i receive Sophia based tokens on their platform, where and how do i trade them in to buy something ETH based?


If they issue a token there will definetly be a trading system in the wallet like NXT, waves, stellar, etc

If they don't, they should. It would make for a better user experience

But if biotron doesnt have other special use case for each token, we have too much blockchain with its token system already. And also it will blog down the blockchain. ARdor is interesting new sidechain blockchain provider, they can probably use its clone

You mean running Biotron as a sidechain on Ardr?

No, Biotron can have its own blockchain
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March 23, 2018, 07:44:42 AM
 #1478


Biotron's CEO reveals their roadmap for 2018. Initial Token Event starts in 6 days - register at www.biotron.io.



Can you tell us why youre not burning the not sold token? Its normally a better idea so you can raise the value of it.
The unsold tokens will be added to the user acquisition pool, which will be distributed among our app users to give further incentive to be a part of our project.

Thanks for the answer guys! Now its a little bit clearer.
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March 23, 2018, 08:28:22 AM
 #1479


Biotron's CEO reveals their roadmap for 2018. Initial Token Event starts in 6 days - register at www.biotron.io.



Can you tell us why youre not burning the not sold token? Its normally a better idea so you can raise the value of it.
The unsold tokens will be added to the user acquisition pool, which will be distributed among our app users to give further incentive to be a part of our project.

Thanks for the answer guys! Now its a little bit clearer.

nice to know the dev's know all about incentivizing user participation.

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March 23, 2018, 09:24:30 AM
 #1480

I have a question for devs. Biotron will sell the data to any buyer? Will they check the buyer and the purpose of using the data?
I ask this question because maybe there will be the possibility of sharing personal data to some people, who can bring about the assassination or harm the life of some people ,or maybe they will get some hands not good.

Interesting point. Even if personal data is anonymized, it has the capability of being abused. In recent history, look at Facebook / Cambridge Analytica, or in less recent history, well, I will go no further than the word eugenics to avoid Godwin's law. Besides anonymized data can potentially be deanonymized. For example, even though you can remove a name from a data set, a person can be identified by their location and car brand.
We are going to be selling only to trusted and reliable companies. It is only natural that we have to check whether or not the buyer is dependable. After all, we are asking you to trust us with your data, and as this is a very serious thing, we have to approach it with the utmost care.
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