【Official release】 bit city white paper

[bitcity]

汉语版地址： https://bitcointalk.org/index.php?topic=430430.0

Bit city white paper

• Bit city introduction:
  
  • 1. It is a platform + multiple applications
    "Bit City" is a platform based on Internet and bitcoin that arises at the historic moment,
    It is an application based on the Internet and the bitcoin that lover and volunteers contribute intellectual, physical, financial to build up.
    On the platform, there can be multiple functional applications, may include exchange, bank, malls, games, or even a casino.
    In this city, there are three roles: "gardener", "angel" and "citizens".
    "Gardener", is responsible for the bit city construction and propaganda work, such as programmers, arts, publicity volunteers.
    "Angel", is the volunteers at the early stage of the project with bitcoin as funds required to support the project research and development.
    "Citizen", refers to all registered and users involved after project online.
    
  • 2. It is based on the Internet and bitcoin.
    Bit city just like the real city, is committed to build a multifunctional, public service platform.However,the biggest different is, it is based on the Internet and bitcoin. All transactions and services, you need to use bitcoin to pay for.
    
  • 3. It is created by "gardener"
    Application of the platform itself, as well as early application, late SDK research and development, as well as the maintenance of the platform, all thanks to "gardener"of hard work. "Gardener"of labor value is indicated by the shares of bitcity or bitcoin salary.
    
  • 4. It is sponsored by the “angels”.
    Project at the beginning of the start, in addition to the work of "gardener", water and electricity, the server, the rent and other necessary expenditures is indispensable. Fortunately, there are the bitcoin, which can let us in live far apart from each other with close cooperation.
    
  • 5. It is in the service of the "citizens"
    On platform of bit city and the corresponding SDK, we can as well as third parties build multiple applications: such as game to cheer you up, such as mall to bring you convenience, such as the Labour market to let you earn bitcoin, etc.
    
  • 6. It will be profitable.
    "City" itself is only a platform to achieve the cross-platform, security, basic functions, such as depositing and withdrawing of bitcoin, the basis of social function, etc. Profit depends on the application, with the basic function of the SDK, you can imagine yourself, achieving by yourself.
    If it is "bit city" own development application, profits all owned by its shareholders; If the application from third-party companies development, "bit city" will charge a part of profit as sharing.
    
  • 7. It is all of us
    "bit City" is formed by the angels, the gardener and citizens, it should be and must be us. Shares in the "bit city" will designed as an open source project with the technology of the bitcoin,we call this sharesas"cityshares", cityshares like bitcoin, can free flow, and we need a functionfor the wallet of cityshares, binding address of cityshares and bitcoin, so that the bit city to use bitcointo allocate bonus.
    
• Cityshares introduction:
  
  • The meaning of "city shares"
    A 100% stake of the bit city, it has the right of bit city profits distribution.
    
  • "City shares" bonus allocation
    "City shares" wallet, will design a kind of function, binding address of cityshares and bitcoin, at the time of bit city bonus allocation, will be directly according to the stake to remit the bitcoin to the binding address. "City shares" before digging out, all shareholders in accordance with the current ratio to participate in dividends, the part of no-dig city shares don't participate in calculation.
    
  • The distribution of the "city shares"
    Its principle, total amount, half life, even the output of each partis the same as bitcoin, obviously we don't want to be a counterfeit bitcoin to hype, but to put the "bitcity" shares allocation more reasonable:
    
    • A: Total amount: 21 million shares, without advanced digging
    • B: Each interval: ten minutes, by the power of computing to automatically adjust the difficulty.
    • C: Shares of Creation block: 50 stocks, assigned to the originator
    • D: Each dig the 50 stocks, later period decrease with the half-life, 50% allocated to miners, 50% automatically give to "team option pool"
• Introduction of the team option pool
  After "cityshares" dug up by miners, half will automatically allocated for the team option pool ", option pool address we will open for you. "The team option pool" exists for two purposes:
  In order to motivate people to become a gardener of “bitcity”, who contribute to development of bitcity. Each option distribution and authority, will be released in a timely manner.
  Before "bitcity" and "city shares" developed and released, we need the support of "angels". after "city shares" released, the angel fund-raising is over, and we promise within 12 months city shares released, 50% of the monthly "team option pool" income will be allocated to the angels according to early proportion of angles shares.
  
• Platform construction
  
  • The mobile platform construction
    Considering that the mobile Internet is the trend of the future, no need to spend large block of time to use bitcity services and entertainment. so first the construction of the mobile platform, to meet the needs of the citizens fragments of time.
    
  • The SDK development
    After platform is completed, we will develop SDK of bitcity, in order to making the third party applications have the opportunity to access to the bitcity.
    
  • The Web platform construction
    Later we will also consider the web platform of bitcity.
    
• Project construction
  
  • The leisure mini-games
    After platform completed, bitcity will experimentally develop some mini-games, as foundation of platform and SDK.
    
  • The bitcoin application
    After bit city become famous, bit city or a third party, will develop a specific bitcoin application, you will ask what kind of application, may be a third-party payment application, may be a mediation guarantee transaction, may also be a labour market of bitcoin.
    
  • After perfecting the SDK, third-party developers will join together to build multiple projects.
    
• "Gardener" recruiting plan
  Programmers, art, publicist, apparently we need all, we'll email you detailed work arrangement, once elected as the gardener, will enjoy the gardener identity and "bitcity" options, options will automatically authorized after you finish work, the more you work, you will get the more shares. Skilled partners, hurriedly send your resume to our "gardener recruiting address"!
  
• "Angels" recruiting plan
  If you are interested in "bitcity", Warmly welcome you be our angel. The angel at the beginning of the project can be free to donate bitcoin to "bitcity" used for the development of platform and cityshares. Want to become an angel? you got two things to do:
  
  • All support in the form of bitcoin, will be remitted to our address "BTC angel donation".
    
  • After you remit, please email with a title similar to "angel donate bitcoin: 1.0 BTC" to "BTC angel donation record email address”, and indicate the transaction ID in email.
    
  You only need to do two things above, we will put on record, update statistics once a day the allocation proportion of angel shares.
  
• The rights of Angel shares are:
  
  • Before the city shares issued, we will invite you to test city shares by email.
    
  • When the city shares issued, we will get your city shares address through the mail and promise that city shares issued within 12 months, 50% of monthly "team option pool" income will be distributed to the earliest donors according to the proportion of angel shares.
    
• The meaning of "citizen"
  After the platform released, everyone can become a citizens of "bitcity", enjoy a variety of applications on the platform of bit city , entertainment, services, and make more friends here who love freedom.
  
• Contact information and donation address:
  
  • The gardener recruiting address: hr@bitcityofficial.com
    
  • BTC angel donation record email address:  angel@bitcityofficial.com
    
  • Business contact address:  business@bitcityofficial.com
    
  • BTC donated address: 17gFYcTvy6SMMDiCwtGvsdbgGy8Tk93Pba
    
  • The official website:  http://bitcityofficial.com
    
  • The official BBS: look at it
    
  • "City shares" open source address: https://code.google.com/p/cityshare/
    
  • Angel donated daily summary: look at it
    
  • "The team option pool" address:( will be posted after cityshares released)
    
  • Pay attention to our sina weibo: @ BitcityOfficial
    
  • Pay attention to our Twitter: @ bitcityofficial
    
  • The official QQ group: 328317171
    

=================================Attention=============================
The angel fund-raising time(BeiJing Time): from January 24th, 2014 - to February 14th, 2014
Allocation plan of angel shares:
In 22 days fund-raising time of angel shares, we design the following allocation, the main purpose is to let the earlier donation angel more advantages to get some shares. This may play an active role, but launch time of our plans is on January 25th, 2014, to be fair,
First two days fund-raising will not be involved in giving angle shares.
Angels raise fund in BTC, we distribute shares from 70% of the angel shares according to the proportional.
The rest 30% of angel shares, according to the date distribution plan and angel shares proportion, is given away to the angels of bit city. it means if you donate on the third day , you can take distribution for 19 days consecutive, giving plan is as follows:
date      giving angel shares amount
2014-1-24   giving angel shares amount: 0
2014-1-25   giving angel shares amount: 0
2014-1-26   giving angel shares amount: 5.06%
2014-1-27   giving angel shares amount: 2.8%
2014-1-28   giving angel shares amount: 2.8%
2014-1-29   giving angel shares amount: 2.5%
2014-1-30   giving angel shares amount: 2.1%
2014-1-31   giving angel shares amount: 2.1%
2014-2-1   giving angel shares amount: 2.1%
2014-2-2   giving angel shares amount: 2.1%
2014-2-3   giving angel shares amount: 1.36%
2014-2-4   giving angel shares amount: 1.36%
2014-2-5   giving angel shares amount: 1.36%
2014-2-6   giving angel shares amount: 1.36%
2014-2-7   giving angel shares amount: 0.9%
2014-2-8   giving angel shares amount: 0.6%
2014-2-9   giving angel shares amount: 0.5%
2014-2-10   giving angel shares amount: 0.4%
2014-2-11   giving angel shares amount: 0.3%
2014-2-12   giving angel shares amount: 0.2%
2014-2-13   giving angel shares amount: 0.1%
2014-2-14   giving angel shares amount: 0

[1715538716]

1715538716

[Sonny]

What is this??

[Waramp22]

A ploy to get people to buy into bitcity, which when translated to english is a vague plan to make something revolutionary. I skimmed the whole thread and the only thing that i could wrap my head around, is that the earlier you donate the more profitable it will be. Go figure.

[viavalenttt]

What is this?
Iam not understand, please give we detail of your about project