WhitepaperBitLectric (BTL)https://bitlectric.com (Website is in test phase)
info@bitlectric.com Introduction
BitLectric is a project to create the BitLectricPLATFORM with: exchange, e-commerce, crowdfunding and NFT marketplace. A new mineable coin with a proof-of-work algorithm will be created. A GPU minable coin that can be used as fee on the BitLectric platform to get lower rates when exchanging your cryptocurrency’s. BitLectric will provide an opportunity for countless new people around the world to sell there legal products for cryptocurrency and being able to exchange these cryptocurrency on the same platform for other cryptocurrency or fiat. People will also be able to buy cryptocurrency with there bank account - store them in the BitLectric Wallet or send them to your own wallets. At this moment we have created the BitLectric ERC20 Token to start building the projects.
BitLectric (BTL) Token is a token that need to be seen as an investment. BitLectric Team can sell from time to time some BTL Tokens to pay for development costs, price will increase after big progresses are made / when more people adopt the BitLectric Project.
#Spread out your investments in time and invest definitely not more then you can afford to lose#
Token Info
In order to support the current and future development of BitLectric, the BitLectric Team has created the BitLectric Token (BTL) created as an ERC20 on the Ethereum network.
Contract address: 0x7e0bbb7a89b51f8e7644a8f08d7a4dd79e32bbb0
Name: BitLectric
Symbol: BTL
Max Suply: 210.000.000
Decimals: 8
Creation Date: 2021-08-04
Owner Address is used for exchanges. bitlectric.eth Owner Address is:
0xc39c00640b13fb7a984f82fe2436271ecdb410ef
Team Account will hold 5% from total suply = 10.500.000 BTL Tokens = for further development funds and Team Bounty's. Team Address is:
0x49a85FA523e24205e07Cc08c9D0E88084EefeA1D
Charity Account wil hold 2,5% from total suply = 5.250.000 BTL Tokens. Transfers from this account will also be made public and wil have a file on the website with all Charity. Charity address is:
0xa52B0233430b48DdbDC09B138468Fd9072C7f7ce
All significant expenditures will be made fully transparent according to the best practices of similar open source.
• The majority of funds will be allocated as developer fees, which will be published in a paper on
https://bitlectric.com/pages/funds• Transfers made with Charity address will be will be published in a paper on
https://bitlectric.com/pages/charity For now: Essential functions will be performed by half-time employees while others will be outsourced to third-party professional services. All of these expenditures will be made as transparent as possible without compromising operational security.
Financial Strategy
The 10.500.000 BTL Tokens funds will be splitted and spend as follow:
• 35% From 10.500.00 BTL Tokens
- BTL Startup expenses Bounties and app collaboration = 7%
- Community development = 3%
- Initial reward for core team = 5%
- Yearly expenses = 20%
- Total 35%
• 65% From 10.500.000 BTL Tokens
-Development 30%
- Ecosystem 20%
- Community/Marketing 15%
- Total 65%
Future development:
- E-commerce
- Crowdfunding platform
- Decentralized exchange
Operational and infrastructure costs:
- Servers
- Website
- Domain fee
- System administration
- Security and penetration testing by third-party
Future social action:
- Economic Development Fund
- Decentralized fiat-crypto brokerage network
- Blockchain Education Fund
- GPU Mining Infrastructure
- Developer bounties for user-friendly mining applications that can bring mining to a nontechnical, multi-lingual audience.
Future communication costs:
- Meetups and developer conferences
- Social media
- Design assets
- Press releases
Sources Whitepaper:
https://bitlectric.com/pages/whitepaper
