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BitBoost, the blockchain company developing The Block, started its main sale October 10th, at 14:00 UTC. The goal is to sell up to 61 million BBT (BitBoost tokens), after selling almost 5 million tokens during the pre-sale between the 18th and 23rd of September. BBT are the functional tokens needed to create listings in The Block, a blockchain-based marketplace for e-commerce, already in beta testing. This main sale comes just after the first release of The Block´s beta to a pre-registered group of testers.
The Block is the result of three years of development on the blockchain for e-commerce. The developing team released a first version running on the NXT blockchain, but they soon realized the constraints and made the choice to move it onto the Ethereum blockchain, where smart contracts are much more feasible for e-commerce. Now, BitBoost is delivering a MVP and, with the funds raised during the token sale, they will release a full app to be deployed on the Ethereum network during Q2 2018. The Block is already available as an app for Windows, Mac, and Linux. Android and iOS apps, and a web browser version are under development. They will be available by the time The Block moves onto the Ethereum Live Net.
Our main sale will last 30 days. It began on October 10th at 14:00 UTC and will end on November 9th at 14:00 UTC. BBT will be generated starting at 0,40 USD per token and will end at 0,46 USD per token, using a descending discount, as shown:
Phase One, starting Tuesday 10th of October, 0,40 USD per BBT.
Phase Two, starting Tuesday 17th of October, 0,42 USD per BBT.
Phase Three, starting Tuesday 24th of October, 0,44 USD per BBT.
Phase Four, starting Tuesday 31st of October, 0,46 USD per BBT.
Tokens can be purchased through the escrowing system of Orderbook.io in BTC and ETH. Therefore, the BBT token price will be changed daily to reflect the USD equivalent, using Bitstamp.
BitBoost’s goal with the token sale is not to raise funds to create a product. Unlike many token sales, BitBoost already has a product. The team needs to sell tokens in order to finish the app and to start growing a more robust platform, with a purpose in mind: to redefine e-commerce. Instead of using a centralized approach, BitBoost wants to facilitate e-commerce by making decentralized e-commerce a worldwide activity, with no intermediaries or big players controlling the whole ecosystem.
BitBoost invites everybody to read its white paper, where the technology and project are described in detail. For further inquiries, please email email@example.com.
About BitBoost: BitBoost is a startup focused on the development of new blockchain apps for e-commerce. Incorporated in Zug, its dev team has been working in blockchain tech since 2014, when they first developed NXT FreeMarket, a marketplace on the NXT blockchain. Since 2015 they have been building this marketplace on the Ethereum network, a more suitable protocol due to smart contracts.
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