August 16th, 2017 – BmyCoin, a MultiChain based Token, was released by a London based FinTech and RegTech company, BmyBit LTD. The Token’s purpose is to allow users registered at bmybit.com to pay fees for using the platform’s services, most notably the Personal Automated Trading System (PATS), as well as to hold a portion of the platform.
BmyBit will issue a total of 10 million BmyCoins, which will represent 40% of the platform’s value. Dividends will be payed to the holders on a quarterly basis, with the payouts starting in the end of the first quarter of 2018. The company will try to sell 1 million Tokens during the Pre-sale, which was launched on August 16th, 2017. The Pre-sale of BmyCoin will start at the initial price of $2.85, followed by an increase to $3.5 at the end of it.
An official ICO will follow BmyCoin Pre-sale, before the end of 2017. An amount of 3 million BmyCoins are allocated for the ICO, with the aim of selling the Token at the price of $5 at its final stage. BmyBit’s goal is to raise $17 million by the end of the ICO. There will be 1.5 million BmyCoins distributed for the marketing bounties to the crowd.
BmyBit enables automatic trading across digital asset exchanges. The Personal Automated Trading System created by the CEO, Mario Stumpo, is a cloud-based web application using predictive analytics and interconnected to digital exchanges through APIs. The platform allows customers to conduct their own trading without holding their funds. BmyBit also developed an Anti Money Laundering and Know Your Client software that uses the Optical Character Reader technology, and a Blockchain that is used to issue the BmyCoin, and to store the AML&KYC data from customers.
London, United Kingdom