Bitcoin Black IEO Funds And Future Use
Bitcoin Black is essentially the crypto-currency by people and for the people. Bitcoin Black will be embraced as a peer 2 peer payment system that gives the power back to people.
Let’s start with the question that what is the purpose of Bitcoin Black IEO?
Well, the main purpose of IEO is to raise funds for the project and to established companies with physical locations worldwide and foundations which are community based.
Bitcoin Black IEO Funds
BCB IEO funds will directly go from the Bitcoin Black community to the foundations through voting.
The initial funds which will be raised from IEO will be allocated to community foundations which includes:
BCB community will hire a company which will provide SMS verifications to users to ensure that 10,000,000 users which have entered through app introduction rewards are real.
The Funds will be used to pay Exchange listing fee to be listed on a big exchange as a major trading pair alongside BTC & ETH to set the groundwork for other exchanges to list BCB as a major trading pair.
Some Funds will be allocated to establish an international marketing company based in Sydney, Australia to set up human billboards in most of the major cities worldwide at the beginning of the IEO.
The new system will be developed which will be based on AI and atomic swaps to create and distribute the bitcoin black card with potentially its own banking license to prevent card issuing cancellation.
Some funds will be allocated to start a Chinese printing company to dropship marketing materials at the lowest prices possible which will include car stickers, an introduction to cryptocurrency by bitcoin black pamphlet, your custom QR stickers to apply to marketing material to gain App introduction rewards and many more.
Developing a competition platform to reward viral marketing and a platform will be developed which will be a mixture of eBay and gumtree local online marketplace based around bitcoin black.
Funds will also be allocated to develop an educational hub to educate new users on cryptocurrency.
A new marketing department will be founded and a freelance designer will be hired who will contribute in setting the graphics and branding material.
A new co-company which will be founded to help with the jurisdiction where it is possible to get a banking license to enable card issuing which will create and issue the Bitcoin Black card.
An online store will be started which will be specialized in Bitcoin Black items such as t-shirts, car stickers, cups and more which will be drop shipped worldwide at the lowest costs.
Some funds will be allocated for a gaming company to create Bitcoin Black related android and iOS games which use Bitcoin Black as the games currency.
How the Funds will be Allocated?
Rather than having one team hold all the funds, The Bitcoin Black community have decided to divide the funds through many trusted foundations and well known established companies worldwide.
Approximately half of the IEO funds will be allocated to established companies and the other half to creative members who create foundations to help drive the project forward.