• Cryptocurrency
  • Security
  • Trading

BitBose 3.25/5 (1) - Secure & Reliable Cryptocurrency

The BitBose umbrella includes the following three components: BitBose Exchange BitBose Smart Portfolio BitBose Bank These three components are completely integrated at the backend and present modularised frontend to the user. The BOSE ERC20 token is the central currency that drives all transactions on the BitBose platform. A user must buy BOSE tokens to access the features and capabilities of the BitBose platform. Thus, the BOSE token is a utility token. For example, a user must buy BOSE tokens to access the BitBose Smart Portfolio which will allow him/her to become part of the trading pool that will place trades as per the mathematical formula derived by the AI bot which...

Token sale ended

3.3
Hype3.0
Security3.0
Team4.0
Vision3.0
  • Token: BOSE
  • Price: 1 BOSE = 0.25 USD
  • PreICO start: 1 Jun 2018
  • PreICO end: 15 Jul 2018
  • ICO start: 16 Jul 2018
  • ICO end: 30 Nov 2018
  • Country: United Kingdom
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The BitBose umbrella includes the following three components:

  1. BitBose Exchange
  2. BitBose Smart Portfolio
  3. BitBose Bank

These three components are completely integrated at the backend and present modularised frontend to the user.

The BOSE ERC20 token is the central currency that drives all transactions on the BitBose platform. A user must buy BOSE tokens to access the features and capabilities of the BitBose platform. Thus, the BOSE token is a utility token. For example, a user must buy BOSE tokens to access the BitBose Smart Portfolio which will allow him/her to become part of the trading pool that will place trades as per the mathematical formula derived by the AI bot which automatically deduces the trends of the trading arena on the basis of machine learning algorithms.

The BitBose umbrella will be registered as a bank under the jurisdiction of British Law and will abide by all the laws and regulations of the British common and corporate law. BitBose will also be completely compliant with the GDPR laws and will allow the users to download all personal information collected and request its deletion. Complete adherence to KYC/AML regulations will also be a key feature of the BitBose platform to prevent ill-gotten money from becoming a part of the BitBose cryptocurrency ecosystem.

The BOSE token can be acquired in any of the three following ways:

  • By contributing to the pre-sales (at a higher discount)
  • By contributing to the BitBose ICO (at lesser discount)
  • By buying on Crypto-exchanges (at market price)

 

1. BITBOSE EXCHANGE

The BitBose exchange allows holders of BOSE tokens to access the market prices of several exchanges from a single platform, within the same interface. Buyers can access the price at which sellers of the desired cryptocurrencies are willing to sell on various exchanges. This will help the buyer choose the best price. Conversely, the seller can access multiple exchanges before selling and thus, gets the best price as well.

The interface will remain the same for the contributor at the front-end as all integrations with the different exchanges have been done on the backend. This means that the best bids and the best asks that are visible to the trader do not belong to any one exchange but are sourced from several exchanges simultaneously.

Trades will be executed in a similar fashion. With backend integration, the trader will not have to hop from exchange to exchange to find the best price.

 

II. BITBOSE SMART PORTFOLIO

BitBose Smart Portfolio is a subsidiary feature of the BitBose platform that allows contributors to allocate a percentage of their funds denominated in BOSE tokens to be traded by an AI bot developed by the BitBose team. The funds allocated for the Smart Portfolio will be kept in the wallet of the contributor itself but will be unavailable for transferring to other activities or for withdrawal unless the contributor changes the allocation to Smart Portfolio to nil.

Smart Portfolio conducts trades in highly liquid cryptocurrencies in high frequency (HFT) to make small gains individually which accumulate to larger gains as volume of trade increases. This is the standard model in algorithmic trading. The BitBose Bot, Spike analyses, deconstructs, and utilizes trading signals across multiple cryptocurrencies to create a trading forecast and places trades accordingly.

The processing power for the running of Spike will be provided by the several servers and computers installed by the BOSE team. While a majority of the computing power will be utilized by Spike, the remaining will be offered for sale to the general public. People can buy the computing power and decide the cryptocurrency that they would like to mine from the power bought by them.

All activities on the Smart Portfolio actionable by a user will attract a nominal fee. The activity of transferring funds to the trading account and back to the main account however, will be free.

 

III. BITBOSE BANK

When a contributor buys BOSE tokens, he/she automatically become members of the BitBose bank. A key feature of banks is the ability to disburse loans to eligible candidates. In a regular bank, a human loan officer performs the assessment of the person who wants a loan and sanctions an amount as per the assessment. This method is arbitrary and prone to errors. To ensure the availability of liquidity within the banking channel, CRR at 20% will be kept in liquid assets in the bank at all times.

BitBose uses AI that constantly learns by machine learning as the loan officer. It verifies the eligibility of the person desirous of getting a loan. Based on the eligibility, the person who wants a loan will be assigned a credibility rating and the maximum amount that he/she can avail as a loan. The AI ensures that only the most credible people receive loans. As a guarantee, the person who took a loan must submit a piece of his/her property as a collateral. Collateral will be required for lending to industries only, and not from individual loan-takers.

This ensures that in the event of non-payment, the BitBose bank can claim its receivables by way of auction of the property kept with it as collateral. BitBose will be registered duly as a bank under the jurisdiction of the law of England before commencing any activity of lending.

Funds for the loan will be as per the existing fractional banking system. All depositors will be given an interest for the use of their funds. These interest rates will be notified from time to time. All books of the BitBose bank will be audited thoroughly by one of the ‘Big four’ audit firms.

Team

Ravi Dutt

Co-Founder

Ankit Vats

Creative Head

Ajay Taneja

Marketing Head

Adamya Moudgil

Marketing Manager

Riyad Islam

Marketing Executive

Bharat Gandass

Marketing Executive

Advisors

Milestones

  • Q1 2018
    Idea Creation Understand problems of current market Creating Whitepaper Development of platform Bitbose Token Creation Development of ICO Website Bitbose Token Announcement
  • Q2 2018
    BOSE Token Website Launch Pre-Sale Launch Pre ICO Launch ICO Launch
  • Q3 2018
    Bitbose Exchane Development Starts Coin Distribution Exchange Listing Token Distribution Token Listing
  • Q4 2018
    Smart Portfoli Platform Development Start Expand Patent Protection File Suit against no. of Projects that are Infringive Exchange Alpha Version Launch Fiat & Other Cryptocurrencies Added ICO Close
  • Q1 2019
    Merchant Payment Gateways added Mobile Wallet Launch
  • Q2 2019
    Exchange Mobile Wallet Launch Exchange Alpha Release Exchange Beta Launch Data Collection & Storage Solution Exchange Rate, News Website & Coin Updates Including ICO Developing Syndicated BOT using AI
  • Q3 2019
    Apply for Licensing (US: MS,Fincen & BitLicense) Set up Mining Farm for Required Development Exchange Beta Testing Exchange Launch Exchange Mobile apps
  • Q4 2019
    Crypto Loan AI Development Smart Portfolio Beta Testing Official Mobile App Launch Merchant Payment Gateway Launch International Debit Card Add send Cash transaction like FB,Paypal
  • Q 2020
    Integration with Payment Gateway List as Bank

Token

  • Platform: Ethereum
  • Price: 1 BOSE = 0.25 USD
  • Accepting: ETH,BTC,FIAT
  • Token distribution: 70% - Crowdsale 16% - Founders 12% - Advisors, Marketing 2% - Bounty
  • Soft cap: 5,000,000 USD
  • Hard cap: 45,000,000 USD

Proof Points
3/5

Legal entity

Registered Address: London, UK

https://beta.companieshouse.gov.uk/company/11177294

Prehistory of project

No prehistory were found before the ICO was planned

Product or its MVP

No MVP were found at the moment

Blockchain experience

Navdeep Garg – CTO at CustomCoin and Head of Platform Development at Valorem Foundation
Advisor at IDACBUbecoin and Bitmillex

 

Bharat Gandass – ICO Digital Marketing at CustomCoin

Advisor at ABBC Foundation and Eastads Credits

 

Advisor Lalit Bansal – Advisor at CustomCoinHi:HealthLiveTalkBitmillexIDACB and Ubecoin

 

Advisor Naviin Kapoor has a lot of experience in blockchain, all projects are listed in his profile

 

Advisor Krystelle Galano has a lot of experience in blockchain, all projects are listed in his profile

 

Advisor Sydney Ifergan has a lot of experience in blockchain, all projects are listed in his profile

 

Advisor Mark Kreimerman – Advisor at Decoin

 

Advisor Boris Otonicar has a lot of experience in blockchain, all projects are listed in his profile

 

Advisor Laura Zaharia has a lot of experience in blockchain, all projects are listed in his profile

 

Advisor Mahesh Chand – CEO of Mindcracker

Escrow

No escrow information were found

Comments

Update: 19.10.2018

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