Bithemoth is not only an attractive long-term investment, but also a reasonable investment to ensure a decent short-term profit. Bithemoth compiled pre-sales and ICOs to reward investors who supported them in the previous stage. Pre-sales have been generous and benefited people who bought during this stage. This is good news for early short-term investors, because significant income can be made on pre-sale BHMs.
Bithemoth Ecosystem
In a bid to operate as a link between traditional finance and the digital asset economy, the Bithemoth platform has come up with a simple and conventionally adoptive system. Three major aspects of the digital economy will be simplified by Bithemoth's diverse ecosystem thus presenting:- An exchange,
- A trading platform
- A complete ICO incubator.
Bithemoth hopes to offer payment processes for both cryptocurrencies and fiat that are fast and secure by establishing stable banking relationships. Bithemoth also plans on implementing and adding to the already existing features, a unique system of rewards for Bithemoth coin (BHM) purchasers, and carefully designed custom trading solutions to meet the needs of the digital asset economy.
Direct Payment Process - Cryptocurrency and Fiat Support
Through the securement of specific licenses, eMoney status, and stable banking relationships, we are setting up the infrastructure for direct payment processes that will allow the conversion of fiat to cryptocurrency. Both direct Bithemoth exchange clients and third-party clients such as external companies will have access to this feature and can utilize it as a means of entering the cryptocurrency market.
Trading GUI
Clients can use the matching engine to send for both standard and non-standard order types like Limits, Stops, Markets, Limit-Stop Orders and OCO (One Cancels Others). Using this system, one can also have access to different TIF (Time in Force) options like IOC (Immediate or Cancel), GTC (Good till Cancelled) and FOK (Fill or Kill). A professional grade HTML5 library will enable charting, such that users can customize their layout with a few clients, also they can with ease add multiple periods of time and indicators or price studies. Based on pre-calculated risk to reward settings, clients can use a simple drag and drop interface to place stop and limit orders. From the chart, one click trading will be available to simplify the order enter process and to reduce latency for higher frequency traders. Also, a client will be able to see a graphical representation of their account activity as historical trades. Both filled and pending orders can be plotted on the chart. The design of this platform is such that both a web browser and our own Bithemoth-branded iOS and Android Apps can have access.
Exchange Fee Structure
We plan that any client or taker on the exchange who places orders will pay a commission on all executed orders beginning with a MAXIMUM of 0.10 .
We are also offering free trades for a limited time to users that hold over 100 units of BHM. After this period expires, holders of BHM can use it to pay for trading fees at a discount of 50 .
There will be no fee for deposits into our exchange. Minimal to zero fees will be charged for withdrawals depending on the factors involved, such as network fees and other cost-inducing processes.
Ecosystem Growth
At Bithemoth, we believe that client enthusiasm, participation and user retention can be increased by engaging them on the platform through added opportunities to earn. This will allow for more liquidity within the engine thereby keeping spread low and generating higher overall volumes. We plan on rewarding users for participation in BHM and as the platform develops, the scope of reward activities will change and grow. Upon the release of the Bithemoth platform, users will be rewarded for simply signing up on the platform and creating a wallet, referring friends to the platform, using the exchange for the first time, and completing user feedback forms which will help the team to continuously improve on the platform.
Decentralization and Atomic Pair
Since assets are often held by the exchange on behalf of its client base, cryptocurrency exchanges are generally "semi-centralized". The move to completely decentralize the exchange mechanism has begun and Bithemoth is directing a proactive approach towards this technology. The team behind Bithemoth recognizes technologies like Cosmos, Polkadot and understands that going forward cross chain communication and atomic swaps will be extremely significant in the development of an exchange platform. Bithemoth hopes to use time locked smart contracts without third party involvement to complete the transaction to offer atomic swaps like "peer-to-peer secure exchanges". The smart contract will serve as a timed escrow so that in the event that one party defaults in the transaction, both parties will be protected. This exchange mechanism is designed such that it will carry nearly zero fees from our side as this will be for clients who are trading smaller volumes and those that do not require immediate execution.
BITHEMOTH FUNDAMENTALS OVERVIEW
ICO IncubatorGiving vetted ICOs access to transparent and secure funding rounds is Bithemoth's aim in creating a powerful turnkey ICO incubator. The team of senior engineers at Bithemoth will formally examine all aspects of token sale proposals including idea novelty, project feasibility, legal compliance and financial justification. The approved projects will have access to Bithemoth's complete ICO incubator system and a dedicated support team. This will provide a base for blockchain and tech start-ups to grow off of and launch their business. This will also provide our users with special opportunities to have early access to invest in promising new projects.
Companies in our incubator will be able to issue tokens and ICO contracts using input parameters through our proposed system. Any token issued through Bithemoth will be liquid and tradable on the Bithemoth exchange using the token sale. Automatic smart contract mechanisms that are capable of creating smart contracts and deploying them on the NEO, NEM and Ethereum blockchains will also be offered on the ICO incubator.
Easy DAO Registration
Bithemoth's ecosystem aims to allow projects to register and use their business as a specialized smart contract or Mosaic on the NEO, NEM or Ethereum blockchain. This will allow users to without the explicit need of a "paper corporation" formalize their business transactions.
Fiat and Cryptocurrency Deposits
We are expectant that Bithemoth's planned infrastructure and banking relationships will enable cryptocurrency and fiat deposit on one platform. We intend that users will be able to make deposits using a wide range of channels like local bank deposit, E-wallet, credit card, SWIFT transfer, SEPA transfer and multiple cryptocurrencies.
Bithemoth Exchange clients will be able to deposit and withdraw both fiat currencies and cryptocurrencies. Bithemoth will create a reliable, scalable and secure deposit and withdrawal system. The option to convert fiat currencies into cryptocurrencies, and vice-versa, in large quantities will be a game changer for the community and a gateway to reaching new highs.
Smart Contracts
On the NEO, NEM and ETH blockchains, smart contracts and digital tokens are easily issuable through Bithemoth's planned system interface. Upon the evolution of new blockchain innovations, there is potential to integrate new platforms and features into Bithemoth's ecosystem. Users of smart contracts are provided with automated, low-fee transactions which provide a higher level of security than relying on standard localized databases. All smart contracts related to live trading will be created or written post-trade to reduce latency. Subsequently, we will explore writing all trade data in real time inside a distributed ledger as blockchain technology becomes faster. With smart contracts, the management of approved workflows between counter-parties, and the calculation of trading settlement accounts with higher accuracy as opposed to standard database technology becomes achievable.
Quick to Market
The Bithemoth ecosystem hopes to foster innovations through its vetting process and token interface by providing the needed infrastructure and tools for projects to get support, gather funds and launch a stable platform. Following the token sale, tokens issued through Bithemoth will be liquid and tradable immediately on the exchange.
White Labeling Opportunities
Through our token sale platform, Bithemoth looks forward to creating unique white labeling opportunities for enterprise clients. Clients will be able to offer crypto and fiat payments to their own user-base and token sale participants by white labeling our digital wallet and portal set-up. Token users on Bithemoth will be able to create and customize their own backend while taking advantage of tools such as easy token issuance made available by our larger ecosystem architecture. Tokens will be tradable immediately on the main exchange when initial token sales ends with the provision of adding the token to one or more of our curated ETCF baskets for more liquidity.
Bithemoth Coin (BHM)
Bithemoth Coin (BHM) will be the token coin that we will issue. There will be a maximum amount of 200 000 000(two hundred million) coins that will be created. We do not intend to increase it further. BHM is modeled and will run using the Ethereum blockchain with ERC 20. This will ensure the safety and security of the token in the long-term.
Allocation
Presale Schedule
ICO Schedule
Once our ICO commences, investors shall be invited to purchase BHM tokens until the 90,000,000 tokens that we have set aside have been sold. The purchasing schedule will work on an incremental basis that will reward buyers that purchase BHM token during the early stages of our ICO.
Investors that purchase BHM via our ICO will receive their tokens within and no later than 7 working days.
BHM Value
You will be able to utilize your BHM coins to pay for any fees on our exchange platform. This will include exchange fees, withdrawal fees, listing fees etc.
There will be specific discount incentives that we will be introduced for the initial promotion of BHM usage on our exchange; this will be effective immediately but limited to a period of 5-years.
Repurchasing Plan
Quarterly, our BHM team will use a portion of ours profits to exercise a buy back on BHM tokens that will be destroyed. This will continue until 50% of the entire BHM coin amount has been destroyed, leaving (100 000 000) coins in circulation
Long Term Stability of BHM
Several ERC20 tokens spend a lot of time emphasizing on speculation instead of dwelling on utility. Bithemoth will not encourage this practice. For many ERC20 token, the prices depend on demand and supply. In order for users to obtain coin, Bithemoth will help reduce volatility by creating a three step approach as detailed below;
>> The creation of a token buyback reserve which will be funded by 20% of Bithemoth’s profit. We intend to use this reserve to stabilize the our coin as needed. Depending on the underlying demand, coin bought back by Bithemoth will be sold with a view to facilitating liquidity on both sides of buying and selling. It is pertinent to mention here that the net profit is not the sum collected through the pre-token or token sale, rather it is the net operating profit when we fully launch our platform.
>> The use of the net profit is at our discretion. Users do not have the right to decide how the token buyback will be reserve. It is also subject to financial regulations and legal requirements. It is pretty difficult for us to determine the size of this reserve before launching the initial token sale. Our projections are based on capitalization, market size, and speculation as a result of data from competitors as well as general market research. In view of the above, we will focus the first year to establish the brand as well as fostering growth. Then, proceed from there to develop the company and all of its tech associated branches and platforms.
>> We plan that all fees accruable to Bithemoth through our investment vehicle, ICO related services, on our exchange, and through the ICO Incubator gateway shall be paid in BHM.
◈Due to Bithemoth’s services, the demand of BHM will definitely rise. The rise in demand will cause the value of BHM to increase. Whenever a service is paid for on our platform, whether it is BTC, USD, ETH, or other currencies, an equivalent amount of BHM shall be paid via our exchange to take care of the fees. Hence, our exchange platform will always be active. Whenever there are no sell orders to support conversions, our liquidity reserve’s resting BHM will be deployed at a price equivalent to the market value.
◈For us to create a value proposition that will stand the taste of time, our plan is to burn 1%, 5%, 10%, and 33% of each fee payment. As the platform grows, the BHM availability will decrease, resulting into a reduction in supply and thereby helping the BHM to be competitive.
>> We plan that token holders will be offered discounts subject to their total BHM holdings. What this means is that, the more BHM they hold, they more discount they will enjoy. This incentive will spur users to buy and hold more BHM.
◈Note: The discount mentioned above is part and partial to the discount offered during BHM pre-sale and main sale.
Bonus Structure for Pre-Token Sale and Token Sale Participants
Pre-sale token participants will receive tiered discounts on the price of BHM depending on entry time. The discount will reduce as more tokens are sold. The practice with other exchanges is that they offer larger discounts to private investors even before the ICO pre-sale and main sale goes live. Bithemoth is applying a paradigm shift in this regard by offering the discount to everybody on its platform rather than to some select private investors.
>> We strive to create a token buyback reserve that would be funded with 20% of the net revenues accruable to us with a view to adding liquidity to bolster the market.
>> It is our intention that investors will have the opportunity to receive invitations and enjoy exclusive opportunity during our future token sales.
Risk Disclaimer
For us to move our platform into its operational stage, 5 million EUR, which is our minimum sale target, must be achieved.
Cryptocurrency investors should be aware that there are inherent risks associated with any developing industry. At Bithemoth, we strive to minimize these risks through proactive measures and utilizing key channels of support.
Information about tokens:
- Enter BHM
- Pre ICO 1 price BHM = 0.22 EUR
- Price of 1 BHM = 0.50 EUR
- Available Bonus
- Platform ETH
- receive ETH
- Soft Cover 1 million EUR
- hard cover 5,000,000 EUR
- South African country
- Canadian law address
- White / KYC white list
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