Bitllion, The First Crypto Token Backed By Existing Mining Assets, To Host ICO In April
Feb 14, 2018
Bitllion.org, a platform based on the #BITLLIONcoin, a token whose value is based on assets and company growth built upon the cryptocurrency decentralized blockchain, this week announced they will be officially hosting an Initial Coin Offering (ICO) this April.
Singapore - February 14, 2018 /PressReleaseAgency/ —
Bitllion.org, a platform based on the #BITLLIONcoin, a token whose value is based on assets and company growth built upon the cryptocurrency decentralized blockchain, this week announced they will be officially hosting an Initial Coin Offering (ICO) this April. Developed to make it easier for investors to invest in blockchain technology, BITLLION wants to raise funds to create a crypto version of an economy backed by blockchain technology.
“We want to build crypto-viable cities in a world growing increasingly receptive to cryptocurrency,” said Charles J. Phua, Founder and Owner of Bitllion.org. “Having been in the market since 2015, we’re ready to officially launch our token into the crypto sphere, introducing what we refer to as Early Support Bonus for our investors immediately following the launch.
BITLLION issues tokens built on a profit-sharing smart contract, enabling token holders to collect 50% of quarterly profits. Token holders’ revenue depends on the asset market price growth and on the fixed part of the incoming fund’s flow to the businesses.
“In every way, this is similar to dividend payments. These payouts, as we call them cashbacks, are included within the smart contract,” said Phua. “Unlike other ICOs, we already have a proven profit-making formula that enables us to confidently announce our guarantee. Spread the word on our forthcoming market introduction this April.”
The minimum token yield guarantees 20% during the first year. Funds raised through the ICO will be evenly distributed to intelligent crypto-mining “WeMine,” blockchain software for businesses, smart wallet app “Moto,” and the crypto bank “Satoshi’s Vault.”
WeMine relies on cryto-mining, the processing of transactions in the digital currency system. BITLLION aims to have at least 1,500 mining rigs in their Singapore mining farm. Moto is a blockchain-to-human interface simplifying the interaction between the two entities. Moto will streamline the entire crypto experience, making it easier to understand for everyone involved. Satoshi’s Vault provides depositing and withdrawing capabilities for all BITLLION users. Lastly, blockchain for business means that BITLLION will be using smart contracts, also known as self-automated computer programs that carry out the terms of any contract.
The ICO pre-sale is now in effect. For the first 1,000 backers, a limited edition Bitllion Card is up for grabs.
For more information, visit: https://www.bitllion.org/
Contact Info:
Name: Charles J Phua
Organization: Bitllion.org
For more information, please visit https://www.bitllion.org/
Source: PressReleaseAgency
Release ID: 300723
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