Bitscreener Announces Strategic Partnership with Germany based Startup — CryptoStories
Sophia Ha Ho stated “ We believe that this strategic partnership will help both CryptoStories and Bitscreener grow globally. CryptoStories will greatly benefit from Bitscreener’s strong technical expertise and a large user base which grows at an exponential rate. We are extremely excited about this partnership and look forward to a fruitful collaboration”.
System Architecture
From the technical standpoint, BitScreener can be divided into two subsystems. The first one — the financial data subsystem works by extracting trading data from financial exchanges (i.e., from cryptocurrencies, equity exchanges, or media outlets); then processing and preparing the data. It provides information for end users through visualized charts, tables, text, or notifications on frontend sides (the BitScreener App or Web).
The second part of the architecture is the blockchain-based community-generated content subsystem where writers or professionals can create content in exchange for a reward. The data subsystem provides free and paid services, users have the options to purchase these services using the BitScreener Token BITX.
The content subsystem, on the other hand — enables users to earn rewards in form of BITX via socialized activities such as creating, reviewing or editing information. The two subsystems work cooperatively with each other, in a way that improves both subsystems.
The users rely on the charts, news, and the informed data subsystem to create knowledgeable articles, while the data subsystem processes the crowdsourced data to filter the significant information. Next, we will describe each subsystem in detail.
BitScreener Token Economy
The breakthrough of BitScreener is the blockchain-based incentivization via token BITX. BITX is a vehicle for transferring value between content contributors and content consumers. The financial writers or researchers who deliver the value will be awarded BITX and the readers or traders who consume value, to some degree, may need to spend the tokens.
These economic incentives help the ecosystem sustain and grow. By using the blockchain tokens, this mechanism of incentives is far more advantageous than that based on other means of payment such as fiat money or traditional gift card. BITX will be transacted faster, cheaper, and more accurate on the blockchain, regardless of the amount and the geographical locations.
The transactions of BITX are transparently public to all related parties. This section presents the details on how, for token holders, to buy premium features on BitScreener using tokens and how, for contributors, to earn rewarding tokens from delivering high-quality content to the community.
The “mining” process from the reserved token pool and the conversion between BSP and BITX will be examined.
Token Supply and Allocation
The maximum supply of BITX is 450 million, which is fixed in the Ethereum smart contract. This supply has been carefully scheduled for distribution over time as well as allocated to different parties Crowdsale:
We will reserve 31% of the tokens for crowdsale. This crowdsale will take place from May 5 to July 20. Unsold tokens will be burned. Buyers can use purchased tokens to unlock advanced BitScreener services on App and Web and increase their voting power by converting to BSP.
Future Content Contributors (i.e., “miners”): 20% will be reserved for the minersIt will take 15 years to “mine” those tokens. The schedule of releasing tokens over 15 years
Advisors and Bounty Programs: We will assign 4% of the tokens to advisors and bounty activities.
Reserved for Future Operations: We will reserve 30% for the future operations.
ROADMAP
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Think business is pretty fantastic. It attracts people regularly.
Experienced and skilled cooperation is difficult to achieve.
We can build the ability to achieve goals.
For more information
Website: https://bitscreener.com/https : // bitscreener . com /
Whitepaper: http://bit.ly/bitscreener_whitepaper
Facebook: https://www.facebook.com/bitscreenercom
Twitter: https://twitter.com/bitscreener
Telegram: https://t.me/bitscreener
ANN: https://bitcointalk.org/index.php?topic=3354336.0
Author: Ethan101
BTalk URL: https://bitcointalk.org/index.php?action=profile;u=1083885
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