Crowdsale address: 0x396d62edb4eb725ec867023d8bdfc9e64d30a82d
By way of a crowdsale, we aim to raise the amount of money necessary to develop and bring the system to market, including lobbying manufacturers to get them on board as quickly as possible.
The participants in the crowdsale will be given tokens that will be tradable on crypto-currency exchanges but more importantly, these tokens will be the fuel of the system once it is live. As a participant, you are free to hold on to your tokens for future use, or trade them at will on crypto-currency exchanges.
The number of tokens sold during the crowdsale will determine the total supply (+500,000 reserved tokens -see below-). A minimum of 15,000,000 tokens has to be created in order for the crowdsale to be successful, if not, participants will be able to get a refund on what they invested.
The goals of the crowdsale are:
- to provide an income for the team members during the development and testing of the system
- to buy hardware to test the system on as many routers/platforms as possible
- to market the system worldwide, particularly to the key players in the industry
- to lobby manufacturers to build the Service1 into their routers for broader reach
This estimate is based on a 3 years plan which should cover the time needed to bring the product to market and shield against possible roadblocks/set-backs.
|Project Manager / Developer2||300,000 USD|
|Embedded System Engineer3||290,000 USD|
|Sales & Marketing Engineer4||280,000 USD|
|Hardware Testing||15,000 USD|
|Travel Expenses||100,000 USD|
bHotspot Tokens (BHT) will be given to crowdsale participants.
The bHotspot Token (BHT) is built on top of the Ethereum blockchain. It is used to as a currency and to validate transactions on the bHotspot network. The crowdsale will determine the total supply.
The reserved tokens will be used to reward contributors and provide a pool for donations to various organizations to promote the use of the system.
|Token minimum amount||30,000||6,000,000||15,000,000|
|Token maximum amount||80,000||16,000,000||40,000,000|
Note: A value of 200 USD/ETH is used for estimations to provide a reasonable margin to counter market swings.
How to participate
- A ERC20 compatible wallet (like Mist or myetherwallet.com)
- A valid Ethereum address on the mainnet loaded with enough Ether to buy the amount of tokens you desire and pay the gas fee (see above for the token price).
To participate in the crowdsale, send the amount of Ether (ETH) you want to the contract's address below. bHotspot Tokens (BHT) will be automatically created and deposited at the address you used to make the transaction.
Contract's address: 0x396d62edb4eb725ec867023d8bdfc9e64d30a82d
Disclaimer: We offer the following instructions only as helpful guidance for participating in the token sale. Buyers should do their own research and not rely solely on this material. We make no representations or warranties that the following material is complete or accurate, or that the wallets (or any associated software or services) will be reliable or function as described. As such, Buyers assume all risks associated with the use of a wallet in connection with the token sale.
* 1,000 ETH has been deducted because of the 500,000 tokens reserved (see above).