Sign in to follow this  
Followers 0

[ANN] MyBit ✦The Platform for Tokenizing Revenue Streams✦ ICO July 17

6 posts in this topic

The Platform for Tokenizing Revenue Streams
Pre-sale: OPEN (Contact for details)
Automated Buy Contract: Released no later than June 30, 2017
TokenSale Official Launch: July 17, 2017
Ropsten Testnet Demo: (Coming Soon)
Front-end Demo: (Coming Soon)
What is MyBit?
Mybit makes financing and maintaining revenue streams efficient and automatic.
MyBit gives small investors new access to revenue streams previously reserved for banks and investment funds. With MyBit, anyone can invest -- or raise capital -- from anywhere in the world…peer to peer, seamless, fast, and secure.
By commoditizing solar panel installation and other forms of renewable energy, investors and landowners can crowdfund the coming decentralized energy grid. With Mybit, investors get security on their investment, while landowners get access to investors willing to help in exchange for profit. By standardizing and automating setup, sales, and dividends, Mybit takes you one step closer to an equitable economy.
The Future
Our 5 year goal is to be at the forefront of commoditizing the coming AI economy. Mybit will be Europe's platform tokenizing any automatable or machine infrastructure. And it will be owned by the crowd.
Why Decentralized Energy?
Since the current energy structure is not sustainable (scalable at speed), it will require decentralized energy solutions.  This claim has been validated by many major utility companies who have recently started researching decentralized grids.  However, traditional financing models would only enable a small fraction of the population to own / participate in the decentralized solutions.  This creates an opportunity where MyBit can provide immense value.
Our Approach
MyBit commoditizes decentralize energy infrastructure and takes it down to the micro level (99%) - to the people.
Benefits of this approach include:
a)Removes financial barrier to entry by crowdsourcing the purchase of decentralized grids in exchange for per-usage revenue sharing
b)Enables faster access to capital (than traditional financing mechanisms such as bank loans and other debt instruments)
c)This creates a highly scalable (at speed) & sustainable energy model
Token Model
All transactions on the MyBit platform are assessed a 1% network fee which is distributed to token holders based on their percent stake. 
Types of transactions include:
• Investing in Energy, AI infrastructure, and other revenue generating assets: Funding & Revenue Sharing
• Peer to Peer trading (buying and selling) of decentralized energy
• Machine to machine payments
• Trading on Open Exchanges
Graphic Explained:
Step 1: Someone who desires sustainable infrastructure to be installed on their premise will select the asset they desire, choose the length of time funding should be active for before automatically terminating if the goal is not reached, and the value that needs to be raised will be automatically populated based on cost of hardware, installation, and the recipients location.
Step 2: Via the investment portal, investors will be able to review investment opportunities and filter based on location, cost, forecasted future cash flows, depreciation values, total raised, etc.  As much information as possible will be provided to aid the investor.  By integrating a machine learning algorithm to record and analyze historic data, we believe that over time data insights will become much more intuitive.
Investors will send funds to the smart contract governing the share issuance for the asset and will automatically receive ownership units (in the form of a tradable Blockchain token, governed by Ethereum smart contracts).  If the amount needed to fund the asset is not achieved prior to the deadline then all funds will be returned to investors and the contract will be terminated.  If the amount is reached prior to the deadline, the contract will not accept additional funds and ownership units will be minted and accessible to the investors to hold or trade as they desire.
Step 3: All of the funds sent to invest in an asset are held by a smart contract.  This completely eliminates counterparty risk.  The MyBit platform has no access to these funds, and neither does the person receiving the asset.  Upon total value raised, the smart contract will automatically send the funds to the (highly reputable and vetted) hardware manufacturer/installing party responsible for delivery the final product.
Step 4:Once the asset is installed or otherwise up and running, investors will begin to profit from revenue distributions.  The investors can choose to hold the tokens and continue receiving shares of the profits, or they can liquidate them at any time on the open market.  This creates an immensely powerful tool for investing that provides liquidity from day 1.
Go to Market
Our strategy to bring the MyBit platform to mainstream market begins with pilots in the German market due to their presence as leader in the renewable energy sector.  The MyBit platform involves basic partnership agreements with renewable energy hardware providers and utility companies. 
The partnership requirements are very minimal to facilitate going to market.  To accurately determine usage, MyBit will need access to certain data to create oracles to interact with the DApp. To comply with data privacy laws in the European Union (and elsewhere), consumers will need to agree with disclosing data to utilize the MyBit platform as a financing tool.  Utility company partnerships require access to their infrastructure to sell electricity back to grids (and in the future for peer to peer transactions).  These partnerships are typically already in place between the renewable energy hardware providers and utility companies so we predict minimal circumstances where we will have to enter into partnerships directly with the utility companies.
Our current expansion plans are to focus on one national market (or large regional market with major economic-hub) for our first large production deployment.  At this time, we can confidently predict it will be in the German market.  After the successful roll-out in a large market, we will begin aggressive expansion plans with the help of our advisors, partners, and employees.  Markets where we have conducted preliminary research that appear lucrative consist of: Western to Central Europe (France, Spain, Germany, Austria, Italy), Scandinavian region, Western North America (Canada, California, Mexico), Australia, and Northern Africa.  We are still conducting research on the Asian-Pacific and Middle-Eastern regions.
Business Model
For legal structure please see Section 7.1 of the whitepaper
The MyBit platform is designed to facilitate and secure the process of investing in decentralized infrastructure, beginning with decentralized power grids.  By enabling investors to easily tap into revenue generating assets that have previously proven burdensome or unavailable, MyBit has the potential to disrupt current models that have limited reach, scalability, and a majority of the money flows to the top.  Leveling the “playing field” for everyone is predicted to have extraordinarily advantageous economic and social benefits.
After a successful deployment of the initial MyBit core application in the decentralized power grid sector, entities from other verticals may elect to contract the MyBit Foundation or to design, build, and deploy additional industry-specific implementations.  If the MyBit Foundation is contracted, bids will be accepted by any company that meets the requirements.  The Directors of the Foundation will make the final decision of what company or group of companies will be hired to complete the work.  If is approached directly, they will assess the project scope and enter into a contract if they can fulfill all requirements.  If requires assistance, does not have the manpower (at time of contract), necessary operating cash, or believes they cannot fulfill the entire project scope, they will forward the request to the MyBit Foundation. 
Revenue from additional implementations or custom projects after the milestones outlined in the crowdfunding terms are completed will be the property of the entity which completed said work.  However, this does not mean network participants will not benefit from future functionality updates or industry integrations.  Adoption by other industry-verticals resulting from custom integrations, increased ease of use, or functionality components will result in an increase of network users, transactions, and overall usage which in turn results in revenue growth to be distributed among token holders and an appreciation in token value due to the principals of supply and demand.
TokenSale Details
Details are available on our website or upon request (for pre-sale discounts). Please monitor for updates.
Slack Registration:
(Will be added as completed)
For full list please look at the following link:
As seen on:
Direct Links:

Share this post

Link to post
Share on other sites

Posted (edited)


The pre-sale is going on now (closed) but you can PM DApptothefuture for details. The auto-buy script will be made available in the dashboard on the MyBit Site on June 28th with minimum 25 ETH requirement and will run until July 17th when the TokenSale officially starts.

MyBit opens registration for tokensale

We have some exciting news for you!

Our Journey commenced back in November 2016 when our idea was first conceived. Since then we’ve published our white papers, designed the architecture, nearly finished our Ethereum TestNet Demo…and now we have reached our next milestone.
We are delighted to announce the launch of the Token Sale!


Interview with MyBit COO - Thomas Pollan

Edited by vindyne8

Share this post

Link to post
Share on other sites

From the original post here:

MyBit One-Page Summary

The MyBit platform (MyBit) connects investors from around the world with businesses and individuals seeking to fund revenue generating assets. No Banks, no attorneys, no middlemen required. Fast, convenient, secure peer-to-peer (P2P) transactions governed by smart contracts running on Ethereum.

For individuals and businesses who wish to obtain revenue generating assets but face financial or geographical restraints, MyBit unleashes a world of opportunities through cost-effective access to global capital. The result is a far more scalable and efficient funding model than provided by traditional financing.

Product/Service Summary

Enabling worldwide crowdfunding of revenue generating assets will be a game changer for everyone?—?eliminating financial barriers to entry, enabling new business models, accessing previously untapped capital from the many and providing an extremely low cost, paperless and efficient capital market for the masses.

The use cases are limitless, ranging from solar energy micro-grids to rental equipment to autonomous machinery and vehicles. Any asset whose usage can be automatically monitored is a potential use case. The proliferation of microprocessors in everyday items (think IoT) will enable the explosion of revenue generating assets and the explosion of growth of the MyBit platform.

The positive societal impact to individuals previously excluded from economic opportunities due to geography (proximity to a lending institution) or ability to meet minimum investment requirements (think net worth, investor sophistication, etc,..) will disproportionately propel the accelerated adoption of the MyBit solution.

First Target Market?—?Decentralized Energy Grids

With the forthcoming increase in electricity demand resulting from the proliferation of Artificial Intelligence in the areas of transportation and robotics, utility companies are exploring ways to scale the production of electricity outside their high cost traditional power generation facilities. Microgrids?—?small, decentralized solar energy production units?—?are a key component of their solution strategy.

Given there is no platform to securely connect small investors and individuals who wish to participate in the creation of microgrids (revenue generating assets) and sell the power production to the utility companies, the masses are left on the sidelines.


By commoditizing solar power systems and other forms of renewable energy, investors and landowners can crowdfund the coming decentralized energy grid and share in the corresponding revenue streams. Utility companies benefit since the new power generated will ride atop existing distribution lines and requires no material capital expansion expense. It is a win for investors, a win for private entrepreneurs, a win for the utility companies, and a significant win for the environment.

MyBit connects investors from around the world with businesses and individuals seeking to fund revenue generating assets like microgrids. The MyBit platform gives investors security on their investment, while landowners get access to investors willing to help in exchange for profit. By standardizing and automating setup, sales, and dividends, Mybit takes us step closer to an equitable economy.

Fundraising Terms

Brave New Coin will manage escrow and releasing funds through a multi-signature wallet contract stored on Ethereum.

Begins July 17th

Length: 30 Days or until maximum amount reached

Token Symbol: MyB

Maximum Supply: 7.000.000 MyB

Minimum Raise: 2.000 Ether

Maximum Raise: 44.875 Ether

Pricing Structure

Pre-Sale: 20% Bonus

Week 1: 25% Discount — 0,0075eth/MyB

Week 2: 15% Discount — 0,0085eth/MyB

Week 3: 10% Discount — 0,0090eth/MyB

Week 4: Full Price — 0,01eth/MyB

How to Participate? Register an account on Once Live, payment options in BTC, ETH, ETC, REP, XMR, and Dash will be available. Tokens are auto-minted and credited to accounts upon receipt of transfer to the contract.


Share this post

Link to post
Share on other sites

The pre-sale is going on now (closed) but you can PM DApptothefuture for details. 

The auto-buy script will be made available in the dashboard on the MyBit Site on June 28th. The minimum requirement to invest is 1 ETH,  with the minimum requirement to qualify for bonus being 25 ETH requirement and will run until July 17th when the TokenSale officially starts. This will lock in your investment, so you will not miss out if the ETH network chokes when the sale starts.


Web 3.0 Meets Energy

Intro to Web 3.0

Although nomenclature for the web continues to be opaque, its development over the years can be generally categorized into three distinct phases?—?each building on the one before it.

Web 1.0, or the “read” phase, was about connecting information and getting on the internet. Web 2.0, or the “write” phase, is about connecting people into a web of social participation and allowing them to publish content. The next stage, Web 3.0, or the “execute” phase is just beginning. It is about dissolving the frameworks of websites, web apps and owned data and replacing it with shared data that can be accessed by services and smart contracts that can present and process that data in meaningful ways to the user. Web 3.0 will be a “read-write-execute” web.

read more:


Share this post

Link to post
Share on other sites


Official Details for the upcoming MyBit TokenSale have been released!

MyBit TokenSale: All the Details Here

Welcome Everyone! The MyBit TokenSale is fast approaching and we are now ready to share all of the details. Please note that due to the volatile nature of this emerging industry, details are subject to change. Our goal is to keep this document updated with any new information so it can be your golden source guide for the MyBit TokenSale.

Fundraising Milestones: There will be a hard cap of 26,875 ETHER and minimum requirement of 4,000 ETHER for this to be deemed successful. If minimum amount is not reached, all funds will automatically be transferred back to sender.

Escrow: Funds will be secured in a multi-signature wallet contract with 2 members of the MyBit team and 2 members from Brave New Coin who are acting as escrow to ensure the ongoing security of funds. Funds will be released as needed and approved by escrow to the MyBit Foundation (currently in the process of being registered in Switzerland).

Read more:


Share this post

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  
Followers 0