[ANN] MyBit Decentralized Asset Management
MyBit revolutionizes asset management by enabling the secure administration of ownership via a decentralized, golden source ledger.
It effectively removes single point of failure risk, reliance on third-party escrow agents, and much of the friction in traditional systems.
What is MyBit?
MyBit is a decentralized asset management platform designed to add an ownership layer to the internet. Our goal is to change how ownership is recorded to make the process of registration, transferring, and querying both cost-effective and fast. By utilizing Blockchain technologies in our core application stack it creates a unique opportunity for managing assets and ownership which is more secure, efficient, and reliable than any other solution for digitalizing assets and ownership. Similar to how the internet streamlined and secured the transfer of information (communication technologies), Blockchain enables for asset ownership (and transfer) & core business functions. The Blockchain is often heralded as the world’s first internet-scale open platform for value-exchange. By utilizing a decentralized model, a single point of failure risk is removed. Data is governed and maintained by network participants (nodes) and all data is fully replicated across all network peers. Also, Democratic principles are ingrained in the core (code) of the platform providing all participants with a voice regarding the future of the application. This results in innovation at the foundational level.
Phase 1 (Facilitating p2p transactions and securing personal assets)
The phase 1 release facilitates the process of registering physical assets onto the Blockchain so they can securely and easily be managed from one location. Then MyBit extends that technology by offering Smart Contract powered trusts. These virtual trust funds enable users to manage to whom ownership of their high-valued physical assets will be transferred in the event of death or other “trigger event.” This greatly reduces the cost and complexity of setting up trusts to distribute one’s assets.
Phase 2 (Enabling both financing and revenue streams for AI)
The phase 2 release focuses on the emerging AI market. AI is going to take a lot of jobs away from people and cost companies a large amount of capital to upgrade their systems and acquire expensive AI hardware. MyBit Enterprise is a solution for capital light companies that will need to invest large amounts into AI infrastructure and people whose jobs will be replaced by AI who still need a viable method to generate income. The platform provides companies with viable financing solutions through tokenized fractional assets, enables new methods of income generation for the average person; and strives towards sustainability by managing this vast amount of data and activity with minimal resource consumption.
In an increasingly digital age it is imperative that money and assets can flow freely and securely on a global scale transcending borders. This streamlines business functions creating unparalleled efficiencies.
As Bitcoin (or other Blockchain-derived means of monetary exchange) begins to play a bigger role in the world economy, it further increases one's ability to securely transact quickly and affordably.
The next piece of the puzzle is enabling the same for the transfer of assets. With the combination of communication, money, and assets flowing freely on a global scale it unlocks further potential of the internet and fundamentally changes economics as we know it.
Link any phsyical or digital asset with your Unique Blockchain Identifier (UBI) to embed proof of ownership into the immutable Blockchain in perpetuity.
Easily buy, sell, or transfer ownership of any asset without the counterparty risk associated with escrow agents and brokers in traditional transactions.
Verify the authenticity of an asset in seconds by querying details via MyBit to avoid relying on third-party verification services that are costly and inefficient.
Govern assets with computer code that is guaranteed to execute exactly as programmed thus reducing overhead costs associated with asset management.
Easily access production and ownership history in a transparent, linear view which eliminates data gaps in asset history to further secure transactional commerce.
Greatly reduce the risk of securing assets and conducting business by removing the need for third-parties and intermediaries to govern, secure, and facilitate transactions.
Full information coming soon. Anticipated launch date is the last week of March. Escrows will be Brave New Coin & Collin Lahay from BitRated. Early-bird incentives and money mechanics should be finalized very
soon. Please stay tuned for finalized details.
Token and Profit Sharing Model
Registering and transferring assets will incur a cost of 1 MyBit Token (0.01 ETH) This fee will cover the Ether/Gas required to interact with the.
network. Any excess will be distributed proportionately to token holders based on their holdings.Smart Contract Trusts will incur
a small monthly subscription cost to maintain. This residual revenue will be distributed proportionately to token holders based on their holdings.
10% Legal and Compliance
50% Salaries, Expenses, Rewards
5% Crowdsale Expenses
20% Reserves for Unexpected Expenses and/or Delayed Monetization
Anyone can participate during the crowdsale from March 1, 2017 to April 14, 2017. To join, please register an account on https://mybit.io. Currencies that will be accepted include BTC, ETH, ETC, Monero, Dash, and more to be added.
-10% to Founders
-20% to Foundation
-70% ICO Participants
MyBit Crowdsale Launch is here!
Thank you for registering for the upcoming MyBit crowdfunding campaign set to officially go live in the next few hours at 00:00 GMT +0 (London) and run for 30 consecutive days. The first tranche of coins totaling 4,500,000 MyB are set at a 25% discount. Please review the MyBit Deal Sheet located in the footer of the ICO Dashboard for full details and specifications. Please note that we cannot guarantee the price you will receive due to the smart contract processing orders as they come in (speed of placing orders is important, but if you are tuned into our Slack channel with orders ready to go when the official launch is announced, you should be fine). An AMA will be held tonight on our slack channel, https://mybit-dapp.slack.comhttps://slackin.mybit.io. If you are having issues logging into the platform, please clear your browser’s cache and reload the page. If after that, you are still encountering any problems, Slack is the best option for fast communication to resolve the issue as quickly as possible. Below are helpful links and documentation regarding the MyBit platform.
- Website https://mybit.iohttps://mybit.io/docs/MyBit_Whitepaper_v0.9.pdf
- BTCTalk https://bitcointalk.org/index.php?topic=1797720.0https://bravenewcoin.com/news/mybit-tackles-data-manipulation-an-emerging-art-of-war-in-cyberspace/
- Blog: What is MyBit? https:[email protected]_Blog/what-is-mybit-acbe776cee51#.9dczd1345https://www.youtube.com/watch?v=X9WZh51_IpQ
Please do not hesitate to reach out to us with any questions or for guidance through the crowdfunding process. Cheers, MyBit Team