Bittrace  - Decentralised Payment Network Services(BTRC)
Token/Symbol
BTRC
Type
ERC20
Platform
Ethereum
Accepting
ETH, BTC, LTC, BTH
Token Count
200,000,000
Price
1 BTRC= $0.40

About The Project

A decentralized solution to money would entail transparency immutability, high availability and security in addition to being programmable. Further more a globally accessible price stable cryptocurrency has tremendous value in countries with hyper inflation.

Getting into bittrace it is an platform to enjoy a new digital currency which deals with less fluctuation and maximum stability. It even provides low transaction fees.

While this is true sentiment the same can be said of bitcoin and etherum. Why buy digital gold when one can buy physical gold? The reason why is due to the allure of decentralization. There has never been a time in history . where strangers could trust each other especially with regards to money.

POWER OF BLOCKCHAIN

It is the nature of markets to push expectations about the future into current prices. Deterministic money supply combined with uncertain future money demand conspire to make the market price of a coin a sort of prediction market on its own future adoption. Since rates of future adoption are highly uncertain, high volatility is inevitable, as expectations wax and wane with coin-related news, and the coin market rationalizes high expected returns with high volatility (no free lunch).A stable coin is that is pegged to another stable asset, like gold or the US dollar.

GLOGAL COMMUNITY

The Bittrace Community

Bittrace is an online payment gateway that makes payments easier. Bittrace offers global commerce tools that can be used to accept payments and build businesses. It allows enterprises to develop their own experiences and expand their businesses around the world. This payment service enables you to provide efficient support makes payment and money transfer procedures efficient and simple day-to-day transactions and cash management. If you find yourself in a situation where time is of the essence, you need to have a suitable facility that would enable you to make a quick transaction with anyone from wherever you are. It is precisely for these situations in life that we bring to you Bittrace.

Our Features

The Bittrace Team combines a passion for esports, industry experise & proven record in finance, development, marketing.

Stability

Additional traits that will assist the wide radoption of any stable coins are simplicity along with elegance of concept, easy integration points for partners and abilty for an exchange to work with. However, stability is key. Long term stability is provided by bittrace. Its important because transactions and holding. Bittrace solution is mopre scalable than collateral-backed modles and morer robust than existing proposals for unbacked stable coins.

But in a coin stabilization scheme, changes in coin price stand proxy for changes in coin demand, and coin supply changes in response to changes in coin price. The idea is that an X% change in coin price, followed by an X% change in coin supply, will return coin price to its initial value, as represented by the green box. So the core operational principle of a protocol that aims to stabilize the market value of coin is the following rule: at the end of some pre-defined interval of time, if the change in coin price over the interval is X%, change coin supply by X%

Payment Network

Coins are the object of stabilisation, and _i of coin is distributed to the holders of shares. When coin supply needs to increase, coin base is distributed to shareholders in exchange for a certain percentage of shares, which are destroyed (coin supply increases, share supply decreases). When coin supply needs to decrease, share base is distributed to coin holders in exchange for a certain percentage of coin, which are destroyed (coin supply decreases, share supply increases).

Once a transaction is added to the blockchain, it’s permanently saved, creating a transparent financial system. . The competitiveness of bittrace incentivizes to work quickly to verify transactions, which benefits digital bittrace users.

Exchange Money

The solution to coin distribution offered here is different. I suggest that there needs to be two types of coin: coin that acts like money and coin that acts like shares in the system's seigniorage. For short, we'll just call these coins and shares. Coins and shares are identical in all respects (transaction verification works via ECDSA signature, etc) except for the process that regulates their respective supply.

Coins are the object of stabilisation, and _i of coin is distributed to the holders of shares. When coin supply needs to increase, coin base is distributed to shareholders in exchange for a certain percentage of shares, which are destroyed (coin supply increases, share supply decreases). When coin supply needs to decrease, share base is distributed to coin holders in exchange for a certain percentage of coin, which are destroyed (coin supply decreases, share supply increases).

The mechanism of these shares-for-coin and coin-for-shares swaps is a voluntary one, a decentralized auction the rules of which are written into the protocol. The quantity of coins to create or destroy is defined via the _i process in equations 3 and 4, and there is an auction at the end of every rebase period. When _i is positive (new coins need to be created) a coin auction for _i coins begins at the block or ledger set defining the start of rebase period i+1.

Any holder of shares can bid for coins by signing and broadcasting a special TX describing the quantity of shares he is willing to trade for coin, and the minimum coins/shares price that he will accept. Winning bids are filled at whatever coins/shares price Ps that clears the quantity to be sold. So _i new coins are distributed to the winning bidders and _i=Ps shares are destroyed.

Online Wallet

Nothing is better than a cashless transaction which is very much successful in todays world. This is provided by bittrace a best network which is getting in activation in todays and for next generation. An online wallet which is usefull in any other options.

Bittrace has the potential to be a platform for global payments, serving as aunit of account, astore of value, and a medium of exchange. The key characteristics required are prize stability, liquidity and stability.

Bittrace will be organizing efforts to ponboard new cryptocurrnecy to accept bittrace stable coins as a form of funding asset.

This will drive demand for bittrace and give new cryptocurrrency companies stability in funds.

We aim at creating a world where cryptocurrenies will be used to buy your coffee, lunch or taquilla shot.

Bittrace key features

The Bittrace Team combines a passion for esports, industry experise & proven record in finance, development, marketing.

Coin Stability

Bittrace is a platform to enjoy a new digital currency which deals with less fluctuation, maximum stability and fast transactional processing. It even provides low transaction fees.

Payment Network

This payment service enables you to provide efficient support makes payment and money transfer procedures efficient and simple day-to-day transactions and cash management.

Online Wallet

Bittrace online wallet which enables you to Keep your money, exchange your money, invest your money, pay services and make purchases.

Money Transaction

Bittrace has number of advantages, it can be transferred directly from person to person through internet without going through the bank. This means that the fees are much low, youcan use them in any country, your account cannot be frozen.

Team


Rajesh Sarkar

Chairman

He has extensive experience as a Chairman working with the CEO and FD to grow the business and deliver a successful exit for the shareholders. He has multi-company experience in decision-making and strategic planning which aims to introduce cutting edge blockchain solutions to emerging markets through incubation, acceleration and investment. He has more than 7 years of experience in Spectacular entrepreneurial & operational system.


Rohit Singh

CEO

Rohit is a highly experienced CEO, in his previous experience he was a Board Member at high growth companies. He has 6+ years of experience in e-commerce, apps, startups and venture capital. Rohit’s extensive background and experience in tech and venture capital industries allows him to excel in this business.


Tushar Shaw

Chief Technology Officer

Tushar Shaw - Experienced in implementation of large IT transformational projects in Infrastructure, Applications, Networks and providing technology support for new Lines of Businesses. Excellent communication skills, capable of leading a multilocational, multicultural technology organization across US, Europe, and Asia.


Ankan Biswas

Software Engineer

Software Engineer with through hand-on-experience in all levels of testing, including performance, functional, integration, system, Java/Java Scripting, regression, and user acceptance testing. Supportive and enthusiastic team player dedicated to streamlining processes and efficiently resolving project


Dipankar Samaddar

Chief Financial Officer

Dipankar is Financial/Stock Broker, has huge experience in Finance Management. He worked with world class industry and currently working as a Financial Budget Analyst in Bittrace

Roadmap

  • 2017


    Emergence of Idea And Software Development Begins..

  • JANUARY, 2018


    Formation of Bittrace business Paln.

  • FEBRUARY, 2018


    Start of Platform.

    Development.

  • MAY, 2018


    Whitepaper. 

    Landing Page.

  • JULY, 2018


    Pre-sale Launch Platform in Beta Testing Mode.

  • JULY, 2018


    ICO Launch Identification with Api Partners.

  • JULY, 2018


    Launch The Platform in Full Mode.

  • OCTOBER, 2018


    Establishing Representative Office.

  • 2019


    Application Launch For Trading In All Currencies.

    Our Blockchain Exchange.

  • 2020


    Bittrace Debit Card And Online Wallet.

White Paper

Investment Info
Accepting ETH, BTC, LTC, BTH
Token Info
Country UK
Hardcap $35,000,000 USD
Softcap $15,000,000 USD
Token BTRC
Platform Ethereum
Type ERC20
Token Price 1 BTRC= $0.40
Token Count 200,000,000
Schedule
Pre-Sale Start Date 2018-July-26
Pre-Sale End Date 2018-September-25
Crowd Sale Start Date 2018-October-01
Crowd Sale End Date 2019-January-25

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