The Cibus platform uses the economic token to reach an ecosystem of cryptocurrencies
The Developer built the digital platform using the Blockchain technology. You already know that the technology will direct the implementation of Smart Contract and cryptocurrencies. The digital platforms with decentralized systems will make the ecosystem more transparent in the management of the business. The successful implementation of Blockchain technology in Bitcoin fosters the adoption of decentralized systems in the startup platform. In the development of the platform, the most important thing is the availability of initial funds for the completion of its construction. Traditional platforms will usually have initial difficulties associated with financing. The use of a decentralized system with the implementation of Smart Contracts can help developers to obtain initial development funds easily.
Early fundraising will usually be done by running a chip sales event. The event will redistribute the tokens with a predefined amount of platform. One of the startup platforms that uses chip sales events for the initial fundraiser is Cibus. The network that will be built in Cibus is to create a platform focused on providing food. The platform will use several programs that support the implementation of the platform in a safe, comfortable and transparent manner. Before the platform can materialize, the concept of platform development has been included in the White Paper document that can be downloaded through the Cibus website. The objective of Whitepaper is that investors may be interested in contributing to a platform that offers benefits to its users.
Token Economy Cibus is classified as a token utility that can benefit its owners to enjoy some functions within the network. The sale of tokens will be divided into two parts: sale of pre-managed tokens and sale of ICO tokens. Each token sale event will have a period each. As in the Sale of Token Pre-TGE event that will end on February 28, 2018. The purchase of tokens can only be done in token sales. However, you do not have to worry because there will be a Token ICO sale that will begin immediately after the sale of Token pre-TGE ends on February 28, 2018, at different times. The details of the weather can be seen on the website page. Therefore, you must register immediately for your contribution so that you can earn some bonuses. The first purchases of tokens will undoubtedly give you more significant opportunities in the availability of tokens and rewards.
The exchange of Cibus tokens can be done through the payment method BTC, ETH, LTC and DASH. Therefore, you must provide the account first before deciding to buy the Cibus token. The sale of the token has a minimum value and a maximum value. The maximum limit value established by the Cibus team is 5 million CBT with a maximum limit of 40 million. Besides the soft cap and the hard hat, the symbolic exchange rate is also an important thing. The tokens will be sold with the value of 1 in ETH per 1000 Cibus Token. The maximum supply of tokens has also been determined for 100 million TCC. When you contribute, you must buy over the minimum purchase amount of 10 CBT. When you want to win some bonuses, you must donate until February 28, 2018. Rewards of up to 50% or 500 CBT will be awarded with the implementation of first level ETH equal to 1500 CBT.
The earlier you buy a chip in Pre-TGE, the more likely you will get the bonus. The gift will also be numbered with the history, so you will have more chances to get the bonus. The amount of the bonus will decrease when the period of sale of the token expires. The exact amount of tokens you will receive will depend on the amount of funds you provide. All you have to remember is that there will be no token, creation or mining when the ICO period ends, so you should continue buying in the ICO period. Purchases will probably be made to the merchant, and the price will be higher as time progresses. The hand of the moving token will be made after the sale period of ICO end. When the sales period of ICO is still in force, but ICO has reached the hard seal, the ICO is coming to an end.
The distribution of tokens to the platform has also been described in Whitepaper. The anticipated sales contributed 10%. 30% of the number of tokens sold will be distributed in the generation of event tokens. A new platform would require marketing and promotion to attract many users to join the platform. The team of developers understands and contributes 20% to development and marketing. The 15% contribution will be awarded to the Social Cibus award. The TGE team and campaign gift will earn 10% each. The remaining subsidy will be awarded to the 5% advisers. The team card will be frozen for two years and will spend six months as a consolidation period.
Initial evidence of counseling and support will also be blocked for six months. The distribution of the Token reserve fund will begin in 2019. The distribution will last two years with the aim of providing incentives to new customers who join the ecosystem. The adoption of ecosystems will accelerate with the use of Cibus as the first food ecosystem to implement Blockchain technology. Campus Bounty and Referal will be carried out in percentage activities in the group. Some events that will receive rewards include Cibus Bitcoin, Bounty Campaign, Bounty Campaign, Social Media, Campaign Bounty Translation Cibus, Cibus Telegram Campaign and Cibus Video Campaign. The acquisition percentage has been divided and appears in the Whitepaper. The group of rewards will amount to 10 million CBT tokens.
Website: https://cibus.world/
White paper: https://cibus.world/documents/
The money allocation plan and KYC on the Cibus platform
The funds raised in symbolic sales will be used in full for the development of the ecosystem. Some of the parties that obtain fund allocations are platform development by 50%. The development of the platform will be the most important part to obtain assignments. This is because this stage is the central stage in the completion of the creation of the Cibus platform. The precise allocation of funds in the development of the platform can also be the key to the successful establishment of the platform. Part of the creation of a platform that also requires an important fund is marketing with a total allocation of up to 30%. Marketing is essential for the global community to accept information about the Cibus platform. Marketing will also determine how large people should contribute to symbolic sales and join as participants in the ecosystem.
The assumption of the development of characteristics of the Cibus ecosystem has been illustrated in the road map. The applications and the interface to enjoy the features will be simple and have the appropriate functionality. The ease of access and a familiar interface will make the participants in the ecosystems more interested in joining the ecosystem. The speed of adoption by producers and consumers will be achieved when participants participate by providing strong support for marketing and sales. The allocation of costs in the development of the platform will offer coverage, such as R & D costs, including the design and construction of intelligent contracts. The development of the platform will also include the determination of the cryptographic mechanisms that will be implemented, the development of the platform, the Cibus interface, the SDK, etc.
The opening of R & D will require 25 to 35 developments focused on the engineer. All the necessary costs in the commercialization process and the sales budget will be allocated for the acquisition of consumers and producers. The use of allowances at expense will include the legality costs of the platform and the expansion of the Cibus Food ecosystem. Validity is essential when the platform has an objective to be able to have members of the community worldwide. That means that it will make the platform accessible in different countries. Legality becomes critical to realize the platform with the members of the global community. The next allocation of funds is for operating costs and possible costs. Operating costs will include salaries for all Cibus employees. The salaries of the R & D team will not be included in the use of the operational expenses allocations.
The sale of the token can not be done, distributed, sold, bought and exiled by the owner of a citizen, natural and legal person, residence and merger location in a country or territory that prohibits transactions with digital tokens. Nor will it be done in any nation that limits purchases of digital tokens by law or any applicable regulation. The Platform will also restrict and reject the participation of people located in restricted areas, and the platform also reserves the right to reject and cancel Cibus requests in purchases at any time. The negative will be based on the consideration undertaken by the ecosystem. KYC will provide information about the buyer so that it is done properly. Therefore, buyers must provide accurate, accurate and considerable knowledge.
The Blockchain Cibus process to perform digital transactions with decentralized system
The use of the Blockchain technology will provide several models in its application that will be based on the traceability of the food and the use of the chain of blocks, when evaluating the perspectives of the producers and the consumers. The use of the push model will provide an overview of the monitoring of the life cycle of the food. Monitoring will start from the manufacturer and end when it reaches the consumer. The concept will generate transactional data and parameters that have been determined based on the business agreement. All data will be recorded in the life cycle stage. The blockchain network will be applied depending on the recording. To ensure the correct use of the push model, it will be defined with a drag model. In this stage, consumers will allow the acquisition of product information and the network of commercial products that will provide data.
The networks provided for commercial products can provide complete search information, so there will be no partial information or data on the product. All available data will be stored in the blockchain network. Any information that has been stored in the blockchain network will be distributed to the client by request. The Cibus application will not take part in the stored data to be tracked by all stages of the food life cycle. The information provided by the platform will be requested to the manufacturer to receive detectable return information. Blockchain will be a data storage space that can accommodate the information provided by the manufacturer.
The manufacturer will change artifacts within the ecosystem. Data that may be subject to change include tracking information, relevant documents, information that has transactional properties that occur between interested parties and the parameters of the book information or personal information used for each commercial part. The implementation of the Smart Contract standardization will be implemented by the latest regulations in the market for food safety that will be listed in the smart contracts. After loading the data, eating the Smart Contract documents will be executed and then stored in the Blockchain network. Each parameter will be saved as an indicator. Customer requests can be a fund in the retrieval of return information, and stored documents will be identified as hashes in the original Blockchain network.
Consumers will demand all the information related to the product. Such information can be a smart fetchall contract driven by the consumer. This system will be used for the recovery of general information. The required information will be taken along with the security indicators stored by the manufacturer. The procedure will be carried out when the client completes a QR code scan for the first time or can also use other methods. In addition, consumers may also demand certain information related to the product. After consumers obtain data, the customer can determine the criteria to see the product. The available products will be subject to safety regulations and will have relevant information. The information will be provided by the needs required by consumers.
The storage of documents in the blockchain technology will be done indirectly. That means that when the document is loaded in the Blockchain network, a cryptographic algorithm will be prepared to prepare a hash document. The documents will be stored in the blockchain database. The database used will be different from DB2 or Oracle. The use of the database can be useful for an early perspective because the same document will provide the same hash information. You can minimize the damage level of the document because it will always create different hashes. In this way, each user can calculate a calculation between two documents by comparing the similarity of the hash value.
Cibus will achieve transparency in the use of blockchain. The platform will be able to evaluate the performance capabilities of the available supply chain. The evaluation can also serve to increase the confidence of the players that are related and can increase the confidence of the client. Strengths in transparency will help blockchain to have confidence in transactions that can not be manipulated. Centralized systems can not gain confidence quickly because it is not possible to evaluate the information that is being said. The use of blockchain technology can provide an advantage when looking at business, as it can be applied to a centralized system to gain confidence.
The platform will also connect with influential people in social networks to complement the electronic commerce network in food and health. The affiliates in the Cibus platform have the mission to help the affiliated business community increase traffic. Sales offers are also made to improve sales volume. The service will be accompanied by consumer protection against all forms of food handling. It also requires the implementation of consumer protection to prevent fraud related to the sale of food, so that users of the platform feel more secure when making transactions.
Twitter: https://twitter.com/cibusworld
Facebook: https://web.facebook.com/cibusworld/
Cibus will be formed Revolusioner of the food of the ecosystem. The platform will be an ecosystem with the capacity to add food information and additional diets. The use of Cibus will be equipped with blockchain technology, which will maximize transparency, security and traceability at reasonable costs. The establishment of the platform is based on the awareness that some people need a place to develop local products to market globally. Cibus will present a business model that can be used as solutions for local products that are hampered within global markets. Be the taxpayer development business so that the platform is applied and used immediately.
Author by: Ayin2206
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