Leveraging the Power of Cryptocurrency
for Crowdfunding Transformation
[10 May, 2018 - 21 May, 2018]
[22 May, 2018 - 31 May, 2018]
[01 Jun, 2018 - 10 Jun, 2018]
[11 Jun, 2018 - 21 Jun, 2018]
[22 Jun, 2018 - 20 Sep, 2018]
Crowdfunding is a popular concept in the emerging world of Cryptocurrency. Today, the world has been watching the rise of crowdfunding on top of Blockchain technology. The modern business environment considers crowdfunding as a way of connecting investors with modest business start-ups and projects.
However, Crowdfunding is emerging at a very fast pace, but existing platforms still have some limitations, such as:
- The approach to develop and launch an ICO is very scattered and there are no certain rules to be followed;
- Duplication of efforts wastes time and resources;
- Various fraudulent campaigns have been conducted that resulted in founders disappearing after raising funds—essentially swindling the public;
- Developers create their own set of instructions, landing pages and publicity campaigns from scratch;
- There are no synergistic channels between developers and potential investors.
CyBit is developing an open source ecosystem that will allow consumption and creation of financial services and products to facilitate the crowdfunding mechanism on a global scale. The ecosystem is built on top of the Ethereum platform with smart contracts and will assist start-ups in getting investments and help Investors evaluate submitted business proposals.
Our goal is to offer a platform for potential investors to fund projects through “CBT” as the underlying utility token. This initiative enables start-ups and investors to collaborate in a global marketplace that is built to
provide a credible Blockchain-based token, which in turn facilitates the payment system through forex transactions and crowdfunding sources.
In creating the ecosystem, we selected a development strategy with a strong view toward the various limitations of existing solutions.
The solution (CyBit) will empower ICO developers to visit the platform, submit their funding requirements, and use CyBit channels for evaluation by potential investors. Upon successful evaluation, the investors will invest in their projects using CyBit Tokens.
CyBit is an Open Source Ecosystem to facilitate Crowdfunding! Our platform is built on ERC-223 protocol with smart contracts for highly secure validation of transactions and protection from malicious attacks. It adopts methodologies that support infrastructure flexibility and ensures safety & stability of the system.
CyBit supports three kinds of fundraising campaigns; Initial Coin Offering, Crowd Investing, and Crowd Funding. CyBit offers a unique vehicle for Investors to finance projects through CBT as an underlying value token!
We’re providing a comprehensive smart-contract capability for seamless execution of projects with full transparency and liquidity.
CyBit Tokens —or CBT — have many advantages over mainstream currencies. CBT tokens utilize the secure ERC-223 platform to provide Trackable Tokens through Smart Contracts. This supports infrastructure flexibility to ensure safety and stability of the system.
On the CyBit platform for investors, one additional CBT is always received. When investors support pre-ICO, ICO, or Crowdinvesting campaigns, they receive two currencies at once, offering a double benefit. When they support Crowdfunding campaigns, they receive CyBitCoins, insuring them against the failure of the project.
[Q4 2017, NOVEMBER]
Research on market Opportunities-Global Market Analysis
[Q4 2017, DECEMBER]
Initial research work completed and concept finalization
[Q1 2018, JANUARY]
Initiate Designing Process UI interface Setup
[Q1 2018, FEBRUARY]
Whitepaper, public announcement
[Q1 2018, MARCH]
Investment period, presale kick off
[Q2 2018, APRIL]
[Q2 2018, MAY]
Android/IOS application development start
[Q2 2018, JUNE]
[Q3 2018, JULY]
Hiring team for business operation & platform development
[Q3 2018, AUGUST]
Platform development & operational process
[Q3 2018, SEPTEMBER]
CyBit platform alpha version launch & testing of platform
[Q4 2018, OCTOBER]
CyBit platform marketing campaign
[Q4 2018, NOVEMBER]
Contacting investors & startup for platform registration
[Q4 2018, DECEMBER]
Organizing global event & summits
[Q1 2019, JANUARY]
Setup an operational office & development center in India
[Q1 2019, FEBRUARY]
Organize startup/ICO meetup events across the globe
[Q1 2019, MARCH]
Get international investor on board from across the globe
[Q2 2019, APRIL]
Launch first successful project & get funded through CyBit platform
[Q2 2019, MAY]
Start a CyBit charitable trust & provide donation to various NGO through CyBit token
[Q2 2019, JUNE]
CyBit platform Beta version launch
[Q3 2019, JULY]
CyBit investors fund transfer Android/IOS launch