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Bayan Token - ICO Review

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Published: 25 Jul 2018 › Updated: 25 Jul 2018Bayan Token - ICO Review

Bayan Token - ICO Review

The advent of Blockchain technology begins with Bitcoin, a revolution in payment systems. As Blockchain technology develops, more and more cryptomes are being created with better design and infrastructure. Today, almost 2000 types of coins and tokens have been issued with various functions, working with different technologies, namely blockchain, tangle chain, hashgraph, holochain, etc.

However, based on EY's report on ICO until December 2017, more than 84% of the ICOs launched are cryptomoney projects at the ideation stage during the ICO period. As a result, token owners, buyers and investors not only bear the burden of project costs, but are also burdened with high risk and profit if the project fails to deliver its product.

 

About Bayan Token

 

Bayan Token is an ERC20 token created on the Ethereum platform. One of the main reasons to design a token in Ethereum is to use intelligent contracts on the platform. The token agreement represents the ownership of 16 hours of Private Cloud Server access benefits. Each server has 2 GHz processing power, 1GB memory, 5GB SSD disk and 10GB bandwidth per month of data transfer.

 

What are the characteristics of Bayan Token?

 

The results of the Bayan token crowdsale will fund several projects that will ensure the integrity of the Bayan token as a valuable token. However, Bayan Token is not only a useful token, it is also backed by many real and profitable projects that will support the entire ecosystem. Here are some really innovative projects by Bayan Token.

Trade development tools from a sophisticated artificially intelligent equity trader for global exchange

 

Hala Mart 

Expansion from 100 to 1000 Halal Mart stores in Malaysia, Singapore, Brunei and Indonesia

 

Medical Advancement

Produces and markets Basella alba leaf extract as a health supplement 

Intrinsic Value of the Bayan Token

 

Intrinsic value is an ethical and philosophical concept in a property. It is the ethical or philosophical value that an object has "in itself" or "for itself", which guarantees it as an intrinsic property.

Kryptomoney may meet the first requirement of a security where two people approve its value before making transactions between them, but the second requirement remains problematic for most kryptomoney. For fiat currencies, although they are no longer backed by gold, there is an official government-issued guarantee system that provides the same reliability.

We have managed to compile our Token Token because it has an intrinsic value and that is by offering a private Cloud Server with specification:

Bayan Token is structured as a useful token in which it will bring certain values that are creatively packaged with some value and benefits to serve token holders, in addition to providing many opportunities to enjoy capital gains as market prices rise.

Innovative and visionary

The results of the Bayan token crowdsale will fund several projects that will ensure the integrity of the Bayan tokens as a valuable token. Token Bayan is not only a useful token, it is also backed by real and profitable projects that will support the entire ecosystem.

 

Smart Contract Token Parrot

The token contract represents the ownership of the private server space for 16 hours for each Bayan token, and will also allow the token holder to exchange the amount in tokens at 0.1 tokens. The token holder will automatically receive access after they return their token during our buy-back program. Token holders are guaranteed that each token has an actual intrinsic value that does not depend on the price of the token in the marketplace, and that they are essentially paying for a product that has an actual value.

Bayan also Shariah tokens compatible to trade for each token represents a specific value that can be used by the holder, and once used, will be reduced and given token cannot be traded.

Token Bayan issued by BYT Publishing Company through Ethereum Blockchain ensures that smart contracts automatically transfer Internet data from the token to its owner after the exchange. In addition, token owners can also easily track their recent data assignments (included in transactions), ensuring 

who receive an exact amount in the future.

The Bayan token can be named with two decimal places. Therefore, the smallest amount of Token Parents to purchase is 0.01 BYT. However, cloud computing services can only be redeemed starting at 0.1 BYT, which is 1.6 access hours.

The data can only be used in countries listed in cloud computing services.

Once the holder decides to redeem their access to the server, the token itself will run out and can no longer be exchanged. Only tokens with supported values can be exchanged.

 

Some projects that underlie the fairness-artificial intelligence trader who complies with the 

Shariah (AiET)

 

This is a pre-programmed system created to allow platforms to trade on the basis of advanced indicators that combine fundamental and new types of technical analysis.

Zeal for numbers and research led a passionate market trader 38 years ago, in 1980, to research and test trading strategies to predict the direction of stock prices. The research focuses on the major stock exchanges, NYSE and NASDAQ. Strong perseverance and dedication, applying mathematical formulas and statistics, many indicators, thousands of hours switching from tool to tool, inventory to inventory, market to market and a rigorous review of years of historical data, and the actual exchange of shares has taken place in the discovery strategies are unique because they can be applied to any instrument, whether stocks, futures or others, and across the global marketplace.

About Token and ICO

 

Token symbol: BYT

BYT Platform: Ethereum

Token type: ERC20

Amount: 200,000,000,000 BYT

Price: 1 BYT = 0.80 USD

Payment: ETH

SoftCap: 10,000,000 USD

HardCap: 35,000,000 USD

Number of tokens for sale ICO: 150,000,000,000 BYT

ICO sales period: June 27, 2018 to July 27, 2018

Token Assignment

Bayan Token will be distributed to pre-sale attendees, entire crowds, as well as crowdsale managers and advisors, as shown below.

Distribution of Funds

The amount collected during the presale and Crowdsale will be distributed as follows.

Operations and Expenses 43.3% 1,644

Compensation of the founder, administrative staff, technical operations, maintenance facilities, etc.

Project development 16.6%.

The development of projects listed in the white paper.

Alliances with local companies and companies and governments.

Commercial expansion through acquisition.

Marketing and Promotion 15%.

Marketing, advertising, conferences to guarantee the continuous recognition of BYT by the public.

10.6% reinvestment

Reinvest the proceeds in current and new projects to maintain the business model of Law, Compliance and Enforcement. 

Audit 8.5%.

Law, compliance and audit 8.5%.

Business / capital side law enforcement, local laws.

Research and Development 6%.

Research on blockchain technology that includes upgrade systems and applications such as wallets, gateways, and 

payment and interchanges in the Bayan ecosystem.

 

Team

Information

Website: https://bayantoken.com/

Whitepaper: https://bayantoken.com/files/frontend/BayanatTokenWhitepaper-v2.10.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=4557894

Telegram : https://t.me/bayantokenBYT

Twitter: https://twitter.com/BYTtoken

Facebook: https://www.facebook.com/bayantoken/

Youtube: https://www.youtube.com/channel/UCJRc3KP98XLZOI7_ub4qMSw / presentado 

By Bitcointalk user: Noticiasbitcoin

Profile: https://bitcointalk.org/index.php?action=profile;u=1969069

Myetherwallet: 0xeB029ba88D93dcdA31369CC9E1E151Ac622823c2

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