[ANN] Biotron.io Announcement - Transparent personal data analytics platform

[MandatoryOption]

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?

No, obviously only payments with Biotron tokens are possible. That's from their white paper: 'BTRN is a utility token that enables the trade of data between data providers and consumers. It is the only option for data consumers to pay for access to data and the only method by with they can compensate
their providers.'

So, lets say, a company wants to buy an analyzed data set from Biotron for $20.000. Does this mean they have to go to a marketplace, buy ETH worth $20.000, transfer that ETH to an exchange where Biotron tokens are listed, buy BTRN tokens and pay Biotron then with these tokens? Sounds pretty complicated tbh.

[Genesis07]

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?

No, obviously only payments with Biotron tokens are possible. That's from their white paper: 'BTRN is a utility token that enables the trade of data between data providers and consumers. It is the only option for data consumers to pay for access to data and the only method by with they can compensate
their providers.'

So, lets say, a company wants to buy an analyzed data set from Biotron for $20.000. Does this mean they have to go to a marketplace, buy ETH worth $20.000, transfer that ETH to an exchange where Biotron tokens are listed, buy BTRN tokens and pay Biotron then with these tokens? Sounds pretty complicated tbh.

maybe they will have an option on their website to be able to buy those tokens directly, but on the other hand it would fuk up the idea of having them on an exchange to push the price

[Frickeladm]

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?

No, obviously only payments with Biotron tokens are possible. That's from their white paper: 'BTRN is a utility token that enables the trade of data between data providers and consumers. It is the only option for data consumers to pay for access to data and the only method by with they can compensate
their providers.'

So, lets say, a company wants to buy an analyzed data set from Biotron for $20.000. Does this mean they have to go to a marketplace, buy ETH worth $20.000, transfer that ETH to an exchange where Biotron tokens are listed, buy BTRN tokens and pay Biotron then with these tokens? Sounds pretty complicated tbh.

But isnt this the thing with every crypto project? Dont know any other project where you could by tokens/coins with fiat currency

[sambuki]

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?

No, obviously only payments with Biotron tokens are possible. That's from their white paper: 'BTRN is a utility token that enables the trade of data between data providers and consumers. It is the only option for data consumers to pay for access to data and the only method by with they can compensate
their providers.'

So, lets say, a company wants to buy an analyzed data set from Biotron for $20.000. Does this mean they have to go to a marketplace, buy ETH worth $20.000, transfer that ETH to an exchange where Biotron tokens are listed, buy BTRN tokens and pay Biotron then with these tokens? Sounds pretty complicated tbh.

But isnt this the thing with every crypto project? Dont know any other project where you could by tokens/coins with fiat currency

If we can use the platform with any coins, fiat for example, then what is the point to create the token? That is the rough thinking that I can get till now.

[Genesis07]

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?

No, obviously only payments with Biotron tokens are possible. That's from their white paper: 'BTRN is a utility token that enables the trade of data between data providers and consumers. It is the only option for data consumers to pay for access to data and the only method by with they can compensate
their providers.'

So, lets say, a company wants to buy an analyzed data set from Biotron for $20.000. Does this mean they have to go to a marketplace, buy ETH worth $20.000, transfer that ETH to an exchange where Biotron tokens are listed, buy BTRN tokens and pay Biotron then with these tokens? Sounds pretty complicated tbh.

But isnt this the thing with every crypto project? Dont know any other project where you could by tokens/coins with fiat currency

like i said before, this would ufk up the idealogy of an investors token totally.

[areschen]

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 think it's right. The user's data needs to be cleaned. remove the personal privacy information. The data is analyzed and formatted. Then the data is more valuable.

[CryptoCutie]

yes, the cleaned data and remove the personal privacy information would be a good idea.

[areschen]

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.

[ParRus]

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.

[CryptoCutie]

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.

just like that, good summary, used to the point.

[levyashin]

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.

[mandibleclaw]

"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."

As I read it, some tokens will be added to a pool which will be distributed to users who download the app. So, since it's basically an airdrop, I don't think that new users will receive a lot of tokens, it's just an incentive, a marketing move if you prefer. It won't affect investors in my opinion.
Biotron.io, correct me if I'm wrong

[Bolovich]

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.

just like that, good summary, used to the point.

I don't see the point of buying data of another people by people and not by companies.

[saintkamei]

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.

Most businesses prefer raw data from people who are not necessarily filling out forms for the purpose of data analytics. Biotron will have ensure that to profitable in this business. The scandal over Cambridge Analytica and Facebook is for all to see.

Today's computers have so much power that working on huge chunks of raw data is not a problem

When I say 'raw data' I meant the data that has to be analyzed would be better if it isn't a form filled out by people through questionnaires. Instead, it would be more profitable if the metadata from a user behavior is allowed to be recorded and compiled with explicit consent, of course. In the larger scheme of things, it is better to have the metadata because it reduces the risk of contamination/

[mandibleclaw]

If someone want to buy my data I call it mental or a stalker, I can see mainly two uses for personal data, marketing purpose and medical (research)

[Amelie Poulain]

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.

Most businesses prefer raw data from people who are not necessarily filling out forms for the purpose of data analytics. Biotron will have ensure that to profitable in this business. The scandal over Cambridge Analytica and Facebook is for all to see.

Today's computers have so much power that working on huge chunks of raw data is not a problem

When I say 'raw data' I meant the data that has to be analyzed would be better if it isn't a form filled out by people through questionnaires. Instead, it would be more profitable if the metadata from a user behavior is allowed to be recorded and compiled with explicit consent, of course. In the larger scheme of things, it is better to have the metadata because it reduces the risk of contamination/

This data analysis will be carried out by human or computer with a specified algorithm? in case this is human, there will always be probability of error, and for a computer it will be necessary to create many software nuances.

[tudor_simion]

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.

[BY_ATOM]

Have you seen facebook stealing personal since many years? We knew that (that's why I'm not on Facebook), at least there's an opportunity to monetize that data

Yes, I don't get it why everyone is so outraged about Facebook right now.

If you are suprised that Facebook sells your data then you are the reason why packets of peanuts have 'may contain nuts' written on them

All outraged by the fact that at any time Facebook administration can transfer your data to a third party, without your knowledge!

You are uploading all of your personal data voluntarily to a surveillance comp ... hmmm I mean social media company. What did you expect?

I want that would my personal data about place of residence and the rest not been inherited third party) and so lack any sign surveillance and here still and transfer of information)) that is why I not trust all social networks)

[bitcoin-shark]

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...

[Biotron.io]

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.