BIGCHAIN-A GLOBAL PAYMENT SOLUTION
Industry OverviewE-commerce worldwide sales in 2017 were USD 2.30 trillion and are projected to increase to USD 4.88 trillion by 2021. E-commerce share of retail sales is expected to increase from 9% in 2017 to 14% in 2021. Furthermore, according to Statista, the number of people buying goods or services online will increase from 1.66 billion in 2017 to 2.14 billion in 2020.
About BigchainWe are creating a decentralized payment and trust solution on the Multichain Blockchain leveraging smart contract technology. The payment solution works flawlessly together with our decentralized trust and reputation system.
Merchants will be able to accept crypto currencies and exchange them with traditional (fiat) currencies. Merchants and customers will participate in global decentralized commerce with total trust.
3 Major Problems 1. Trust and reputation: Building trust is difficult, and it is centrally governed by big marketplaces. There is an inability to transfer trust from one centralized service to another, and thus a need to establish relationship with each merchant separately. Moreover, a merchant’s history is not recorded, so there is no ability to punish fraudulent buyers or merchants. Huge efforts and advertising budgets are needed to create trust if a merchant is not a part of a centralized marketplace.
2. Expensive and long payment process: There are 16(!) different steps to settle the transaction and up to 15(!) different fees to pay for payment gateways. Transaction fees range from 2% + 0.1 to 6% + 0.7. Chargeback fees of USD 15. Moreover, existing payment gateways rarely offer a
simple solution for a merchant to accept mobile payments on their website or point of sale terminals.
3. An inability to reach the growing Crypto economy: Today, merchants cannot accept payments in crypto currency, which has reached a market cap of USD 500bn as of July 14th. Moreover, a totally new digital asset class is being created: tokens of products that are built on the Multichain platform. The rise of a new kind of digital assets enables the creation of a token-based digital asset economy. It is expected that 10% of global GDP will be generated on blockchains by 2025. Merchants will definitely want to participate in the blockchain created economy.
Solution offered by Bigchain 1. Universal/Transferable trust and reputation system: Every time a transaction is made the blockchain will record the time of the transaction, both receiving and sending wallet addresses, warranty conditions, delivery time, and all other information that is typically needed to ensure trust. All the sensitive information will be hashed and only available to authorized users in a beautifully designed user interface. Based on that information, clients and merchants will be able to file/solve a claim, rate each other, etc. Every time a transaction is made, claim registered, solved or unsolved (according to the purchase details saved during the purchase), review written, etc., the smart contract will automatically change the trust level for each of the parties involved.
2. Mobile payments solution: With the help of the Multichain blockchain, we are able to make payments with only 1 step and 1 fee, which results in accepting payments generally up to 5X cheaper and up to x10000 faster for merchants. After simple integration with Bigchain, merchants will be able to: use our decentralized trust and reputation system. Accept Crypto currencies, accept mobile payments, and easily convert crypto currency to their local fiat currency.
3. Enabling merchants to reach $10 trillion digital asset economy: By developing Bigchain, we will not only allow merchants to participate in a trustful
decentralized economy, but also reach the growing digital asset economy through our payment solution. The World Bank estimates that 10% of global GDP will be generated on blockchains by 2025. The GDP estimated for 2025 is $100T, thus the value generated through blockchain is expected to be $10T (10%).
Solution : Decentralized Trust and Reputation System Working Together Through a Blockchain Based Payment GatewayWe are creating a decentralized payment and trust solution on the Multichain Blockchain leveraging smart contract technology. The payment solution works flawlessly together with our decentralized trust and reputation system. Merchants will be able to accept cryptocurrencies and exchange them with traditional (fiat) currencies. Merchants and customers will participate in global decentralized commerce with total trust.
Token StructureBigchain Token
Decimal 18
Tickers BCHAIN
Smart Contract 0xD7B34171b95275360299d5de13bb937A434d83d6
Supply 20,000,000,000
Token per ETH 40,000,000+25% bonus
Min transaction amount : 0.01 ETH
Softcap (ETH): 120 ETH
Hardcap (ETH): 270 ETH
Adjustable Emission All unsold and unallocated tokens will be destroyed and additional release of tokens will not
be possible
Token AllocationICO 70%
Airdrop & Bounty 4%
Dev Team and Team 15%
Reserve Fund 11%
[HOW TO BUY BIGCHAIN TOKEN]1️⃣ Ensure you have at least 0.01 ETH in your MEW Wallet
2⃣ Set GAS = 80,000, GWEI = 11
3⃣ Send ETH to Smart Contract: 0xD7B34171b95275360299d5de13bb937A434d83d6
✅ BIGCHAIN automatically sent to your wallet.
ICO Timeline :➡️ Round 1 (28 September - 03 October 2018)
Token per 1 ETH: 40,000,000 Bigchain BONUS 25%
Token per 0,1 ETH: 4,000,000 Bigchain BONUS 15%
➡️ Round 2 (03 october - 08 October 2018)
Token per 1 ETH: 40,000,000 Bigchain BONUS 10%
Token per 0,1 ETH: 4,000,000 Bigchain BONUS 5%
RoadmapFebruary 2018
Project Development
September 2018
Start of the token sale and the airdrop
28 Sept : Airdrop and Bounty
28 Sept - 13 Oct : Initial Coin Offering
October 2018
Exchanges Listing
1 day - 2 weeks after ICO ends / hardcap reached
November 2018
More Exchanges Listing/Release MVP
Dec 2018
Release Payment Gateway
Jan 2019
Introduce Merchant Dashboard and Wallet
Executive Team
Meet the people behind BIGCHAINRobert Gross
Co-Founder and Ceo
Robert has worked in the financial sector for over 10 years. He has vast experience in Bitcoin, ICOs and brand building. He is a Hardcore crypto believer, investor in many Altcoins, known for strong salesmanship and believes in the right execution.
Eric Zheng
CTO and Co-founder
Eric is a Serial Entrepreneur for over 7 years. Technical co-founder in 2 startups, A Hustler, Hacker and Hipster. Enjoys creating new products and Believer in Business Models. Blockchain and Crypto Industry is his new experimental grounds.
Shawn huang
COO and Co-founder
2x entrepreneur, an early stage angel investor and a Cryptocurrency & Blockchain enthusiast. He has over 7 years of online marketing experience, and has been investing into tech companies since 2010
Mohammad Faizan
Advisor
Faizan is an experienced Corporate Lawyer and ICO Expert. He holds a bachelors degree in Law from the University of Nicosia. He keeps a close tie with the University of Nicosia, since it happens to be among the leading Universities in the World when it comes to Cryptocurrency and Blockchain technology
Dicky Chung
Blockchain Developer
Soon Bigchain will be trade on these Exchange- IDEX
- Mercatox
- Hotbit
- Cryptopia
- Coinexchange
