An important benefit for holders of BFD Tokens is that they will be rewarded in some form by each project that completes the BTRIC Project Incubation Program. For example, when they issue the “BTRIC Coin” (working name) token or cryptocurrency in the second quarter of 2018, all those holding BFD Tokens at the time/date of a “snapshot” (to be announced in advance) will receive a grant of BTRIC Coin. Btric.org can read more about that in this company page. One of the conditions for acceptance into BTRIC’s Project Incubation Program is that the project agrees to provide some reward or benefit to donors to their project, which specifically includes all BTRIC Founding Donors.
However, this is not limited to the issuance of our “BTRIC Coin”. Every project that completes incubation and is divested from Btric.org as a separate business will have a publicized “snapshot” date/time. All BFD Token holders as of that time/date will receive some benefit from the business that graduated from the incubation program as a separate business. In this way, you are rewarded by every project that completes the Project Incubation Program for being among the first to support your organization.
Btric.org Key Information
|Hard cap||500,000 USD|
|Distributed in ICO||100%|
|Tokens for sale||500,000|
|Accepting||BTC, ETC, LTC, XMR, XLM, ZEC, Various, Fiat|
|Price in ICO||1.0000 USD|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
The Game Change Team Behind Btric.org
What are BFD Tokens?
BFD Tokens are “BTRIC Founding Donor Tokens”. They are Ethereum ERC20 compliant tokens and are a gift given by Btric.org to those that contribute to your launch. Those amazing people are your Founding Donors, and they recognize their contribution by giving them a token of your appreciation, in the form of BFD Tokens. BFD Tokens were created especially for your launch fundraising event. No additional BFD can be created, and all BFD will be distributed to Founding Donors at the end of the fundraising period. People that hold BFD Tokens will be provided rewards from projects that complete the BTRIC Innovations Incubator program.
Every time a project completes the program, Btric.org will take a snapshot of all Ethereum addresses that, at that time, hold BFD Tokens and then will coordinate a reward between the newly created business and BFD holders. Because the laws are different all over the world, they can’t promise any specific reward for a given project, but know that each will be fully compliant with applicable laws and regulations specific to the jurisdiction of their founding. Projects agree to this before entering your Innovations Incubator program.
What is the difference between BFD Tokens and “BTRIC Coin”?
Good question. BFD Tokens are special tokens given out to those that participate in your launch fundraiser. Some organizations give out mugs with their name on them, Btric.org give out BFD tokens. No more BFD tokens will ever be created and they will not be available from BTRIC after March 31, 2018 (or sooner if reach your fundraising goal early).“BTRIC Coin” is the code name of a utility currency or token they will be developing in conjunction with crypts asset advisors after launch.
The details of Btric.org Coin are presently not final. Will it be a cryptocurrency with its own blockchain, or will it be a token on Ethereum or another platform? Simply put, they don’t know these answers at this time. Btric.org want to consult with crypto experts to make the best decision for your organization in consideration of your mission: emerging technology business incubation and industry-wide advocacy, education, and research.
Are BFD Tokens mined?
BFD Tokens were created on November 28, 2017 by publishing a ERC20 smart contract to the Ethereum main net. This is the token details, this is the contract address, and this is the token vault address, all on Etherscan.io. Here’s Btric.org GitHub repository with the smart contract source code. Five hundred thousand (500,000) BFD have been minted.
It is impossible to create more BFD, and 100% of BFD will be distributed to Founding Donors at the end of the fundraiser. This is part of the marketing effort for the coin or token. This technology also know that as a fully transparent organization, the steps take to decide about the specifications of BTRIC Coin will be done in the open, and invite participation from the industry and anyone else interested.