SMARTPLACE BARTER REVIEWS

Blockchain Confidential Ecosystem of Barter Trading dengan Digital Smart Smart Contract

ABOUT BARTER

Confidential digital asset exchange platform based on legal smart contract. In addition, but as the main element of the platform’s ecosystem, a tokenization service is provided for a real valuable asset, which can then be placed on a smart place. Digital assets reduce the barrier of trust, increase the confidentiality of the parties to the transaction and the speed of its execution. A legal smart contract with an electronic signature allows you to achieve high reliability and ease of maintenance. Intelligent contracts in the financial sector have shown their advantage over traditional methods of transferring value, but still have not received widespread use in the legal industry. Barter is looking to the future and is expanding the use of smart contracts in the legal field, using digital assets as objects of contracts. By combining digital assets of different standards in one ecosystem, you can instantly and practically for free exchange them with each other, having received this legal contract for a transaction with recording in the data register with a copy of the digital form of the contract.

SMARTPLACE

a platform for trading orders in the Barter ecosystem An order that includes one or more items of the same quality, items and sets is called a lot. The lot may also include heterogeneous assets, for example, you can place a car and real estate in one lot. Each order and lot is assigned a serial number (ID) and a price is set. Lot value displays the total value of assets included in it. The Barter project appeared as an idea in mid-2018, when the cryptocurrency market became much cheaper, but at the same time, the demand in the OTC market grew. According to one of the largest companies providing over-the-counter trading opportunities, the monthly transaction volume exceeds $ 2 billion for only the three largest cryptocurrencies, such as Bitcoin, Ethereum, Ripple. Initially, barter was conceived as an OTC platform in the form of legal escrow for transaction support. However, this is too narrow a direction, and there are already large reliable platforms in this niche, so Barter has expanded its ecosystem to include tokenized real valuable assets that can be exchanged for any supported liquid token or cryptocurrency. Barter intends to create a blockchain platform for barter transactions, the objects of which can be any tokenized assets and liquid currencies This is the main goal of the project. Nick Szabo's article “Shelling: The Origin of Money,” one of the first Bitcoin developers, pays special attention to barter operations, as this is the oldest form of exchange of goods between stakeholders, but also highlights the following issues: “Barter requires a coincidence of interests. Alice grows pecans and wants apples; Bob grows apples and wants pecans. It just happens to them that their orchards are next to each other, and Alice, it turns out, trusts Bob enough to wait between the time for picking the pecans and the time for picking apples. Provided that all these conditions are met, barter works pretty well. [...] If Alice and Bob did not trust each other and could not find a third party to mediate or fulfill the contract, they would be unlucky as well ” “Barter requires, in other words, matching supplies or skills, preferences, time and low transaction costs. Its value is growing much faster than the increase in the number of goods traded. Barter, of course, works much better than without trading at all, and is widely practiced. But it’s pretty limited compared to money trading. ” In the era of high technology, these problems can be solved, and barter is designed for this. Barter is designed in such a way that operations with large volumes occur quickly, with low operating costs and have legal force - a signed contract. A smart contract is a guarantor of contract execution in compliance with all previously established conditions.

PLASMA PROTOCOL

Ethereum is the foundation of the Barter platform design. Provides lightning fast transaction speed. 0X EXTENSIONS will support a new type of trading - barter trading. Facilitates the interaction of ERC-721 and ERC-20 standard tokens.

ENIGMA PROTOCOL ensures the confidentiality of personal data of the parties to the transaction and other important calculations.

TOKENOMICS

All participants of primary financing before IEO will be included in the white list of participation in IEO, this guarantees a 100% place in the market with high demand. Pre-sale participants have the right to sell tokens on IEO immediately upon listing. ICO participants have the right to sell 50% of tokens on IEO immediately upon listing. Token Details Token Type: ERC-20 Tiker: BRTR Blockchain Consensus: D-PoS Token Cost: pre-sale: $ 0.01 ICO: $ 0.06 IEO: $ 0.3 Token Distribution Team: 10% IEO: 10% Reserve: 35% Rate: 32.5% Presale: 2% Partnership: 5% ICO: 5% Bounty: 0.5% 1. The initial round of pre-sale financing is carried out in the amount of 2% of 1 issue and is distributed among participants at a price of $ 0.01 per token. 2. At the ICO stage, within the framework of the project, a crowdfunding campaign 2 is held, another 5% of tokens are distributed at a price of $ 0.06 per token. 3. At the stage of the initial exchange offer, it is planned to place the next 10% of the total share of circulation at the price of 0.3 dollars per token. At the stage of testing the network based on the D-PoS consensus, potential validators leave the requirement to be one of the 50 fundamental nodes of the network, which is awarded with new coins for creating new blocks and faithfully supports network performance. It is planned to distribute a 1% balance monthly between all nodes, which encourages initial inspectors to hold rates for a long time without reducing their share, thereby increasing the overall market turnover. Thus, after 12 years, the organized processing of tokens will increase to ~ 41.5%. In addition to validators, the interest rate is expected from delegates - owners of more than 10,000 rubles, who receive a prize from the bet validator - this is a good way to get additional coins, in bitcoins this is called mining 4. After the successful stage of IEO, it is planned to distribute 1% of tokens to the team as the main reward for the work done, which the owners will be able to dispose of at their discretion; Further distribution of tokens for the team will be carried out every 180 days by 1%, that is, in the next 4.5 years - 9 times. 5. 5% of tokens are reserved for attracting important partners to the Barter platform, which positively affects the development of the network and the promotion of the smartplace application 6. 0.5% of the total token circulation is allocated to stimulate the community to assist the project in the framework of the rewards program, for example, incentives will be distributed for: - subscriptions and reposts on social networks; - writing reviews and posts about the project; - publication of materials in the media; - MVP testing; - Tasks of the application (design, moderation of the forum, translation of texts into other languages, etc.) 7. The reserve fund is replenished every 180 days by 1% of the allocated share. Reserve fund tokens can be used to hedge market risks and other types of risks. It is stored in multicurrency reserves, can be used in case of a market collapse, without external financing; when the product life cycle ends. The Reserve Fund supports the sustainable development of the project.

DISTRIBUTION OF INVESTMENTSThe funds raised from interested parties in the development of the Barter platform will be used to develop the blockchain platform, applications for smartplace and maintain their performance. Startups in the cryptocurrency industry are facing legal problems, so Barter has his own legal advisers to solve such problems, and also seeks professional help from other international lawyers. Today, any project and product in the first stage of launch needs a strong marketing strategy in order to become recognizable in the market and attract potential users. Barter: Smartplace is positioned as an international project. It is planned that marketing and product promotion will initially be aimed at expanding the community and increasing the potential user base of the application. The parameters of the distribution of funds are divided into three groups in accordance with the stage of distribution of tokens, the calculations are given in US dollars for ease of perception: Presale - it is planned to attract $ 20,000 to achieve the following goals: Investor website and personal account ICO smart contract development Audit Contract Code UX application development Community extension ICO - at the second stage of financing it is planned to raise $ 300,000 to prepare the product for the initial exchange offer, distribution will be carried out in the following areas: Marketing 30% Product Development and MVP 40% Legal advice 20% Organizational expenses 10% DOE is the third phase of fundraising. The funds received will be used to develop the project and achieve milestones on the road map. The emphasis will be on developing partnerships, strengthening the security of the blockchain ecosystem, developing products and expanding the use of the platform. Strategy - First of all, Barter focuses on attracting the attention of a large number of potential users and participants in the ecosystem. Now the platform is being developed at the expense of stakeholders in the development of the ecosystem at an early stage with the further release of the BRTR token to the crypto market. We can say that now the development is on the principle of DAO.

STRATEGY

Q4 / 2018 Project idea, market analytics, description of the OTC platform concept and product interface. Q1 / 2019 A minimal team was formed to prepare for the initial stage of investing, presenting, writing primary product documentation, and developing a marketing strategy. Q2 / 2019 Attracting investments, expanding the team, developing a minimally viable product (MVP), updating and supplementing product documentation in several languages (White Paper, Token Economics, One Page, Presentation), minimal marketing on target sites. Q3 / 2019 Launching MVP, marketing, receiving feedback from potential users about a product, launching a crowdsale smart contract, auditing a code, investor account on the project website, preparing for an initial exchange offer (IEO). Q4 / 2019 Development of the main product, increased marketing, initial offer of the exchange of the barter platform at the leading cryptocurrency exchanges to attract additional investments ($ 3 million). Q1 / 2020 Launching the beta version of Barter: Smartplace and blockchain test platform of tokens (payment system), new ecosystem expansion partners, integration with banking institutions (API) and registries of owners of real and movable assets. Q2 / 2020 over-the-counter and barter barter transactions: Smartplace from strategic partners and banks, launch of the Lightning interbank payment system (beta), preparations for the launch of the main-net platform, expansion of the product line, integration of the platform into interbank operations at the international level.