Bitsynq is 1ST P2P Decentralized In Wallet Applications

in altcoin •  8 years ago 






   The ICO funds will be used for the Development of each "Decentralized Application"
and also to Hire more people in some specific fields for a better Progress with our Road Map.
More details on the Use of the Funds will be given after the End of the Crowdfund    

   * ICO TERMS:    

A Total of 21M Coins will be in circulation (20M Coins are set for the ICO and 1M Coins for Bounties and Promotion).
The Crowdfund is divided in 2 Phases:

-1st Phase Start from June 28th to July 7th and the ICO price is set @ 0.000015 BTC / SYNQ
Plus you will Get an Additional 10% BONUS applied on your Investment.

-2nd Phase Start from July 8th to July 15th and the ICO price is set to a Proportional Distribution
Based on the Amount of BTC each User Invested

   No Coins will be Burned because all the 20M Coins will Distributed in the Entire ICO.    

   * ESCROW:    

Escrow Service for BitSynq Crowdfund is provided by:
TwinWinNerD (Paul Klanschek), founder of COINIMAL GmbH


Code:
Message:
"ICO address for Bitsynq: 1Aq8yYkW87oXcPYd24EcCiVCE6h1McVZEn"

Signature:
G7NFVPcqCvV1wa66ybdY2YkMEf8tpaSu6dE07Ggg9HRRYvZ0FZKOabX5DFwm8lSK2EBMwmpe3PLtKW06zNtyMuw=

   ICO PHASE I:  ENDED  

HERE IS THE OFFICIAL SPREADSHEET OF ICO PHASE I:



   ICO PHASE II: LIVE  

   FROM JULY 8TH TO JULY 15TH
(Proportional Distribution Based On Each Investor BTC Sent)    


[PHASE2 ICO TOTAL COINS]: 20M - 419060 = [19580940]


***INSTRUCTIONS ON HOW TO PARTICIPATE TO THE ICO***

***STEP 1***
To Participate to the ICO, 1st send your amount of BTC to the ESCROW BTC ADDRESS below:

NOTE: For PHASE II ICO, there NO FIXED PRICE. The DISTRIBUTION is PROPORTIONAL to ALL INVESTORS

EX: MY PHASE II AMOUNT OF COINS TO RECEIVE = [PHASE II ICO TOTAL COINS] * (MY AMOUNT OF BTC SENT / TOTAL BTC INVESTED)

CALCULATION: If I send 1BTC, MY PHASE II AMOUNT OF COINS TO RECEIVE will be: [19580940] * (1BTC / XXXXXXX)

BUT "MY AMOUNT OF COINS TO RECEIVE" will keep DECREASING as more people join until the END of the ICO.


ESCROW BTC ADDRESS:
   1Aq8yYkW87oXcPYd24EcCiVCE6h1McVZEn    


***STEP 2***
Now COPY the TxID of your BTC payment and then fill out the
PHASE2 ICO GOOGLE FORM below:

(Please fill out the Google Form below after sending your BTC payment to the Escrow Address)


***STEP 3***
You are all SET, now just wait for the release of the Wallets on July 16th.
You can also Participate Multiple Times to the ICO before the END if you wish.


THE ICO BTC ADDRESS CAN BE VIEWED ON BLOCKCHAIN.INFO BELOW:



OFFICIAL SPREADSHEET OF ICO PHASE II PLEASE NOTE THAT UPDATES WILL BE MADE EVERY 24HR:





   PHASE II MODERN WALLET TEST DOWNLOAD LINK:    


Note: When you first launch the Wallet, you may get a Database Exception
Error. It is all fine, just close the Error Message and relaunch the Wallet.
That Error Message will not be in the Final Release of the Modern Wallet.

   DECENTRALIZED APPLICATIONS FOR TESTING:    

***TORRENX***
***SLOTS GAME***
***BLACKJACK GAME***





   COIN SPECS:    

COIN NAME: BitSynq
COIN TICKER: SYNQ
MAX MONEY SUPPLY: 50M
INITIAL COINS IN CIRCULATION: 21M
            -20M for the Crowndfund
            -1M for Bounties and Promotion
DPOS REWARD: 5 Coin / Block (Ends on Block 100000)
POS STATIC REWARD: 0.5 Coin / Block
MIN AGE: 12HR
P2P PORT: ****
RPC PORT: ****

SYNQNODES: Coming July 30th
COLLATERAL AMOUNT: 50000 SYNQ



   DESKTOP WALLETS:    
***RESERVED***



   MOBILE WALLETS:    
***RESERVED***




 FEATURES (To be implemented):  

-SYNQNODES (Masternodes)
-i2P NETWORK (For Anon Connection)
-IN WALLET AUTO UPDATER
-IN WALLET AUTO BACKUPS
-REDESIGN OF THE WALLET GUI (In HTML 5 and Javascript
...AND MUCH MORE



***RESERVED***

   We will do our best to get BitSynq listed on these Major Exchanges (Poloniex, Bittrex, C-Cex ...
And if there are any requirements before they list the Coin, we will provide them.    


   DECENTRALIZED APPS:    


        QTOX CHAT        

An Open source Anon P2P chat for the Casino Players. Will be available on the Official Release of "Escrownode".

        SYNQBOT        

A trading Bot application for BitSynq Users. Coming when ready.

        TORRRENX        

1st In Wallet true P2P Bitorrent Client with High speed Download and Seeding.

TO DO LIST:
-Official launch of Torrenx website
-Visual redesign of the client.
...and more improvements to the client.



   DECENTRALIZED SERVICES:    


        SYNQTRADE        

A Decentralized Trading Marketplace for BitSynq Users. Coming when ready.

        SYNQNET | P2P CLOUD        

TO DO LIST:
-Cloud Client
-Modules Integration into the Client.
-Cloud Server.
-Storage Monetization.
-Public Release of the Source Code.



   DECENTRALIZED GAMES:    



        PACMAN GAME        

A simple classic Pacman game just for fun.

        MARIO GAME        

A simple classic Mario game just for fun also.

        SYNQCRAFT GAME        

MP SERVER GUI

PLAYABLE DEMO CLIENT
TO DO LIST:
-SynqCraft MP GUI In Wallet
-Integration of API connections between Game server and BitSynq Wallet.
-Users account creation from MP GUI.
-Game server selection from MP GUI.
-Coins Transfer between Players right in the Game.
-Release of the Game and Server Public source code [Source code will be made public
when we get to the beta release of the Game server - also you can launch your own
SynqCraft Server in connection with our main Servers and create mods for the game
as you wish. As you self host your server, all Tx fees that happen on it are yours
since you will have your BitSynq node Wallet connected to it].
-Craft Marketplace [A New Feature that we are looking to add to the game.
With the Marketplace, Players can Buy or Sell their items right
in the game. We will post more Information on the beta release].




   DECENTRALIZED CASINO:    




        SLOTS GAME        


        POKER GAME        


        BLACKJACK GAME        


        DICE GAME        

***COMING SOON***

        WHEEL GAME        

***COMING SOON***

        ****WHITEPAPER****        

  SYNQTECH CASINO  WHITEPAPER  



        TRANSLATIONS:        

 




        ROADMAP:        



        TEAM MEMBERS        

We are currently 2 people working on this project and we will be looking to hire more developers and
additional people for different tasks. The Team Memebers List will be updated when more people join us.


Zaphet Rojas (Zaph3t):
Im the Lead developer and currently the Community Manager. I do Software development for over 4 years now and have
Skills in C++ and Java. My goal is to make BitSynq Unique, Successful and 1st of its kind in the P2P and Crypto World.


Ernest Tibau (Ernez):
He is a partner in the project and he is Specialized in Web Development, Graphics Design and a bit of C++.
He will be managing Synq.tech and all of its Features.



        FAQS        


Q1: I want to know what would keep the "blackhats" outta my pockets?

A1: First of all, no one can have access to your Bitsynq wallet through any of the P2P Applications. Secondly, each application is
standalone with its own Port and has its own process and connection is made only through that same application or its server.
There is no interference with your Wallet client or with other P2P apps.

Q2: What kind of security features are there in the Wallet?

A2: Like i said in my previous response, each application is standalone and has no connection or direct interference with your Bitsynq Wallet.
And if you talking about the Casino Games, please check out the "Escrownode Workflow" in OP and also the Synqtech Casino Whitepaper
download link also in OP. I think with the P2P function, you are already secure in term of downtime, hacking of the central server and risk
with close sourced applications etc ...BitSynq Wallet has its own port and Network and each p2p application has its own Port and Network
so no interference and no reliability on each other.

Q3: Can I block the p2p apps from running?

A3: Like i said previously, the p2p apps do not run right away when you launch your BitSynq Wallet. You have to click to launch them and
same as "Bitcoin Wallet", or any other altcoin wallet, when you launch one of the p2p app, your Firewall will warn you that there is a
connection to be established so yes as you can Block Bitcoin Wallet, BitSynq Wallet or any other altcoin Wallet, you can freely block any
of the p2p apps from the Wallet to establish a connection. Connection is established between the p2p app and its server nodes to form a
decentralized network for that app, the same way as Bitcoin itself and BitSynq itself. Just that the apps are launchable from BitSynq Wallet
and not running or connecting directly with BitSynq wallet.

Q4: Have you considered the consequences of connecting people through wallets?

A4: I think my 2 previous responses explain exactly the concept of BitSynq Wallet. For a short answer, there is no consequence, there
is no risk and whatsoever. It is "Freedom", freedom from a Central Point of Failure and each application operate in standalone mode.
The only way for you to well understand the concept and how things work in BitSynq, is when you get your Hands on the Wallet itself.


Q5: What makes it different than the blockchain applications that already exist now (with nodes connecting to each other)?

A5: The difference is right there - unlike other blockchain applications, BitSynq Apps have no impact on the currency blockchain itself so
no interference with BitSynq network. Also the blockchain will not grow rapidly or create a Disk Space Issue like what in ETH because the
p2p apps do not rely on the BitSynq blockchain to operate. They are standalone applications and each of them form their own decentralized
network when connection is established between peers.


Q6: How does the P2P Monetization work?

A6: The Monetization for some of the P2P apps is between the BitSynqd node and the App Server in API Connection and then Information
is transmitted through API Connection too between the App Server and the App Client. Please Checkout the "Escrownode Workflow" and the
Synqtech Casino "Whitepaper" for more details on how the Monetization works for the Casino Games.


BITSYNQ COMMUNITY



#[6-18-16] Pre-Launch of BitSynq on Bitcointalk Forum: https://bitcointalk.org/index.php?topic=1516941

#[6-22-16] Announcement of BitSynq Development Raodmap: https://bitcointalk.org/index.php?topic=1516941.msg15325715#msg15325715  

#[6-27-16] Confirmation of TwinWinNerD to provide his Escrow Service for BitSynq Crowdfund: https://bitcointalk.org/index.php?topic=1516941.msg15379944#msg15379944

#[6-28-16] Launch of BitSynq ICO PHASE I: https://bitcointalk.org/index.php?topic=1516941

#[6-29-16] Close date of the Bounty Campaigns posted: https://bitcointalk.org/index.php?topic=1516941.msg15408565#msg15408565

#[6-29-16] Launch of bitsynq.com Official Website: https://bitcointalk.org/index.php?topic=1516941.msg15411526#msg15411526

#[7-01-16] New Update to the Terms of ICO Phase II: https://bitcointalk.org/index.php?topic=1516941.msg15438290#msg15438290


ICO TERMS TO BE UPDATED FOR PHASE II

Seeing how the ICO is going, we are going to Update the Terms for PHASE II to give more Freedom and Benefit to everyone.
We think it will be better that all 20M reserved for ICO be distributed so we dont have to put ourselves in a Situation to burn any Coins.
All Current ICO PHASE I Investors will have a BONUS of 10% added to their Investment to make it fair if they decide to not Participate in PHASE II.

In ICO PHASE II, the Number of Coins SOLD in (PHASE I) [plus] the 10% Bonus that will be applied to each PHASE I Investor [minus]
the 20M Coins will be The TOTAL COINS OF PHASE II and the Distribution will be PROPORTIONAL to each Investor based on his/her
amount of BTC invested.
That means there will be NO FIXED ICO PRICE in PHASE II.

EX: If only 1M Coins are sold in ICO PHASE I, we will have [1M + 10% Bonus of each PHASE I Investor] - [20M Coins]

So: TOTAL COINS OF ICO PHASE II = [NUMBER OF COINS SOLD IN PHASE I + 10% BONUS OF EACH PHASE I INVESTOR] - [20M COINS]


HOW ICO PHASE II DISTRIBUTION COINS WILL WORK?

EX1: If 15M Coins are the TOTAL COINS LEFT FOR ICO PHASE II, we will have 15M * (MY AMOUNT OF BTC SENT / TOTAL BTC INVESTED)

EX2: IN ICO PHASE II (ex: TOTAL Coins left for sell is 15M), if I Invest 0.5 BTC and there is already a Total of 10 BTC Invested,
we will have: 15000000 * (0.5 BTC / 10 BTC) = 750000 COINS - so the 750000 Coins will be your TOTAL COINS at the time that you
Invested BUT that amount will keep decreasing as MANY PEOPLE INVEST until the END OF ICO PHASE II.


CALCULATION AGAIN: ICO PHASE II (Proportional Distribution)

MY PHASE II ICO COINS = [TOTAL NUMBER OF COINS LEFT FOR ICO PHASE II] * (MY AMOUNT OF BTC SENT / TOTAL BTC INVESTED)

NOTE: All PHASE I and PHASE II Spreadsheets will be made PUBLIC for everyone to check on their Investment.

EDIT: There is no Bonus in Phase II

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Are you Bitsynq representative? I've seen the Bitsynq ANN on bitcointalk, but don't know if this is just a repost.

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