Overview:
After the revolution of technology and increase in the usage of internet provided the information available to everyone, but all the information is passes through centralized structures which may lead to mis use of information. Technology is advanced and blockchain came into space which allows decentralized peer to peer transactions, with the boom in the digital asset trading market everyone has started participating the trading.
Its core system has features like shareholding and community autonomy, in this ecosystem users who holds the maximum tokens will be given by benefits like quasi equity which means it gives right to reciprocal the owners’ equity.
Dividend:
It issues dividend with based on the proposition of user holding tokens to total token supply, for example if the user holds 2% of the tokens, then he is eligible to get 2% of dividend which they get from daily income and daily average.
“Users need to hold at least 1000 SBT to get the benefit of SBT”
Community autonomy:
Users get rewarded for their contribution towards development of the community by improving security technology and maintain loyalty in the community, it is aiming to make the users true members of community and grows with it.
Trans fee mining:
It is one of the main feature in this platform, it gives back 80% of the transaction fee in the form of SBT that has been collected in previous transactions
They have started their testing of SBT community building and trading in Aug 2018, they will be launching their alpha version and mobile version on September 2018 and they are going to publish their autonomous platform and establishing Sobit ecology on March 2019.
Token economy:
Sobit issues Ethereum based utility tokens called “SBT” which can be used in the internal ecosystem of the platform for the services like trans fee mining, community awards and participation rewards.
Token details:
Token symbol: SBT
Token type: ERC20
Total token supply: 10,000,000,000
Softcap: 1M USD
Hardcap: 5M USD
They are allocating 49% of tokens to the trans fee mining which will directly issues to the market.
It provides rights to users based on their number tokens purchased, for example if the user holds the 1000-20,000 SBT tokens then he can enjoy only dividend same way if the user holds more than 20,000 SBT he can enjoy all the benefits and quasi-equity rights.
Team:
Hong Dong – CEO
He’s a senior product expert and having good experience in product design.
Lancelot – COO
He is a well experienced team member with high knowledge
Adam – CTO
He is a very good programmer with maximum efficiency, He is expertise in Web Development and Programming
Silvia – Investor Relation
She is well versed with finance. She’s having expertise in financial industry.
Verdict:
Pros:
• Social media hype is good, its telegram community has 7k+ members as of now (at the time of writing)
• Their rewarding system looks interesting, providing dividends and equity rights to the token holders.
• They have Working MVP Available on their website
Cons:
• Whitepaper and website has no detailed explanation about the project
• No information about the partnership is available on website and whitepaper
• No detailed information about the team members and advisors.
Links:
Website: https://sobit.one
Whitepaper: https://resource.sobit.one/assets/whitepaper/whitePaper_EN.pdf
Telegram: https://t.me/sobitExchange
Twitter: https://twitter.com/sobitone
Medium: https://medium.com/@sobitbusiness
Bitcoin talk Username: anushkamehta0902
Bitcoin talk URL: https://bitcointalk.org/index.php?action=profile;u=2039767
ETH Address – 0xd1c62C22C078A0C6B1E42F7200F0b082EE81a64a