Bitllion, The First Crypto Token Backed By Existing Mining Assets, To Host ICO In April

Bitllion.org, a platform based on the #BITLLIONcoin, a token whose value is based on assets and company growth built upon the cryptocurrency decentralized blockchain, this week announced they will be officially hosting an Initial Coin Offering (ICO) this April.

Singapore - February 14, 2018 /PressReleaseAgency/ —

Bitllion.org, a platform based on the #BITLLIONcoin, a token whose value is based on assets and company growth built upon the cryptocurrency decentralized blockchain, this week announced they will be officially hosting an Initial Coin Offering (ICO) this April. Developed to make it easier for investors to invest in blockchain technology, BITLLION wants to raise funds to create a crypto version of an economy backed by blockchain technology.

“We want to build crypto-viable cities in a world growing increasingly receptive to cryptocurrency,” said Charles J. Phua, Founder and Owner of Bitllion.org. “Having been in the market since 2015, we’re ready to officially launch our token into the crypto sphere, introducing what we refer to as Early Support Bonus for our investors immediately following the launch.

BITLLION issues tokens built on a profit-sharing smart contract, enabling token holders to collect 50% of quarterly profits. Token holders’ revenue depends on the asset market price growth and on the fixed part of the incoming fund’s flow to the businesses.

“In every way, this is similar to dividend payments. These payouts, as we call them cashbacks, are included within the smart contract,” said Phua. “Unlike other ICOs, we already have a proven profit-making formula that enables us to confidently announce our guarantee. Spread the word on our forthcoming market introduction this April.”

The minimum token yield guarantees 20% during the first year. Funds raised through the ICO will be evenly distributed to intelligent crypto-mining “WeMine,” blockchain software for businesses, smart wallet app “Moto,” and the crypto bank “Satoshi’s Vault.”

WeMine relies on cryto-mining, the processing of transactions in the digital currency system. BITLLION aims to have at least 1,500 mining rigs in their Singapore mining farm. Moto is a blockchain-to-human interface simplifying the interaction between the two entities. Moto will streamline the entire crypto experience, making it easier to understand for everyone involved. Satoshi’s Vault provides depositing and withdrawing capabilities for all BITLLION users. Lastly, blockchain for business means that BITLLION will be using smart contracts, also known as self-automated computer programs that carry out the terms of any contract.

The ICO pre-sale is now in effect. For the first 1,000 backers, a limited edition Bitllion Card is up for grabs.

For more information, visit: https://www.bitllion.org/

Contact Info:
Name: Charles J Phua
Organization: Bitllion.org

For more information, please visit https://www.bitllion.org/

Source: PressReleaseAgency

Release ID: 300723

More News From The Financial Capital

Head of Chinese energy agency snared in graft probe

Sep 21, 2018

BEIJING — The head of China's energy planning agency has been snared in President Xi Jinping's marathon anti-corruption campaign. Nur Bekri, one of the most senior officials from the Uighur ethnic minority in China's Muslim northwest, is suspected of unspecified "severe discipline violations," the official term for corruption, the ruling Communist Party's discipline agency said Friday. Bekri, 57, has headed the National Energy Administration since 2014 and also is deputy chairman of the Cabinet's economic planning agency, the National Development and Reform Commission. Thousands of officials including a former member of the ruling party's Standing Committee, China's inner circle of...

Asian stocks follow Wall Street higher

Sep 21, 2018

BEIJING — Asian stocks rose Friday after Wall Street hit a new high and a survey showed Japanese manufacturing accelerating. KEEPING SCORE: Tokyo's Nikkei 225 rose 0.5 percent to 23,793.35 and Hong Kong's Hang Seng added 0.9 percent to 27,712.47. The Shanghai Composite Index climbed 0.3 percent, erasing earlier losses, to 2,737.27 while Sydney's S&P-ASX 200 advanced 0.6 percent to 6,204.40. Seoul's Kospi was up 0.2 percent at 2,327.87 and benchmarks in Taiwan and Southeast Asia rose. New Zealand declined. WALL STREET: The Dow Jones industrial average and Standard & Poor's 500 index set records as a wave of buying...

Indian flight returns after passengers ill by pressure loss

Sep 21, 2018

NEW DELHI — A Jet Airways flight returned to Mumbai, India's financial capital, on Thursday after dozens of passengers complained of ear pain and nose bleeding due to the loss in cabin pressure. An airline statement said Flight 9W697 with 166 passengers and five crew members landed normally in Mumbai. Medical help was given to 30 passengers. Oxygen masks were deployed during the emergency aboard the Boeing 737, said Darshak Hathi, a passenger. According to Flightradar24 aviation tracking site, the plane stopped climbing at 11,000 feet (3,350 meters) before returning to Mumbai. Hathi also said there was a problem with...

China reaches out to US over demand for media registration

Sep 21, 2018

BEIJING — China has reached out to the U.S. over reports that the Department of Justice has ordered two top Chinese state-run news outlets to register as foreign agents, a spokesman said Wednesday, adding that Beijing opposed "politicizing" the role of the media. Foreign Ministry spokesman Geng Shuang said that Beijing had "contacted and communicated" with the U.S. side over the issue, but gave no details. "Media serve as an important bridge and link to help the people from different countries to better understand and communicate with each other," Geng told reporters at a daily briefing. "We should provide convenience...

China looks unlikely to give in after US tariff hike

Sep 21, 2018

BEIJING — Exporters scrambled to replace lost orders after U.S. President Donald Trump raised tariffs in July on $50 billion of Chinese imports. Waves of job losses loom over factory towns. But Chinese leaders expressed confidence in their $12 trillion-a-year economy and refused to budge on tactics they see as a path to prosperity and global influence. Economists, political analysts and business groups say China's leaders appear no more likely to back down after Trump approved penalties Monday on $200 billion more of Chinese goods. The chairman of the American Chamber of Commerce in China, William Zarit, said Tuesday in...

Sign up now!

The Financial Capital is your independent source for finance information and advice. We provide insights and offer advice from financial experts so you can make the best decisions.

Contact us: sales[at]thefinancialcapital.com