About Bitsync



Why Bitsync?

Bitsync is answer to all concerns you are facing now be it security or trading platform Bitsync can handle all the traders more efficiently. Our matching exchange can handle 1,500,000 orders/second making it one of the fastest exchange. Also on 1 February 2018 once our blockchain based exchange is released we will increase furthermore our matching machine.

Blockchain based Exchange

True privacy & freedom can be bestowed only on blockchain based exchange. All problems pertaining to centralized exchange like data & personal information is with third party & government. As a crypto user the kind of freedom we enjoy its given away when the exchange is centralized hence we are working on blockchain based exchange.

Conclusion

Product in hand

We at present are testing our exchange version 1.1.The beta version of Bitsync exchange was successful. This exchange has been designed & developed by set of team that has experience of over 12 years in developing & maintaining exchanges around the world. This exchange will be live on 5th January 2018.

Aim/Goal

The bloackchain based exchange will be released in the market on 1 February 2018. Also on Bitsync we will be able to trade real commodities with virtual ones. Bitsync feels this amalgamation is necessary for wider acceptance of crypto. This collaboration will reduce the difference between virtual and reality.

Challenges & Resolution

Security

Security is a major concern for any investor or trader. Many exchanges charge hefty fees but are not able to provide futuristic security. We strive to ensure best security by including ISO/IEC 27001:20132 and CryptoCurrency Security Standard(CCSS)3.

Security is more efficient when human interference is required. Every time you login you will get a notice on your cellphone with two options and you need to select ‘YES’ after that you have to go through 2FA(Google Authenticator) that you have set. So there would be 3 layers of security to login to Bitsync Exchange. This will make our system impossible to hack.

User Interface

The user interface provided by many exchanges are not used by traders. Traders rather visit third party sites for graphs and charts. Thus making it difficult to handle a trade. Our exchange has a unique interface wherein you don’t have to rely on third party sites for charts everything trader needs will be a click away. These features will be free for lifetime.

Customer Service

No exchange in the world has a toll free number. Even in case of emergency traders are left frustrated as you can contact them by sending an email or asking for help on forums. Imagine you think your wallet is unsafe and then you are asked to send email or write on forum by that time even you know hackers have your fortune.

It takes just 30 seconds or a minute for hackers to go away with your money. In such scenarios on our exchange your account will be freezed within 10 seconds. Once you call on our tollfree number from your designated cell phone number you just need to press 9 to freeze your account in 10 seconds. Unfreezing of account will require few hours after we have established that you want your account back. When you call Bitsync you will get answers from our team who is well equipped with technology and trading. Our customer service team will resolve all your queries on phone or by email(if required) within the time frame that is needed for peace of mind.

Poor liquidity

Most of the exchanges face this issue. Even as a trader you might have experienced it when you want to buy but order is not executed or you want sell and same happens and you don’t get your target price. Having low order book is very expensive. Hence we would need large investors, traders and miners.

We are not charging any trading fees for two months. ‘No trading fees for two months’ means there will be many traders and investors on board and once they get feel of our trading platform we know they won’t go away. After two months big traders and investors will get huge discount depending on their volumes.

Multi Lingual

To cater the whole world we need to built an exchange in many different languages. Initially we will support 3 languages English, Korean, Japanese & Russian. Later depending on customer base & demand we will increase our languages. This will also help us to resolve liquidity as more the countries and languages that we support more will be the traders on our platform. No exchanges are focusing on South America market with language integration & marketing countries with large population like Brazil & Argentina can be capped.

Commodity

We will add Gold to our exchange in the month MARCH 2018. Other commodities will be added after checking the demand & trades of gold with other cryptos. This we feel would be big as it will diminish the gap between crypto & virtual world. We are planning to add gold/oil/silver. Oil and silver would be added later depending on the demand of the commodity trades with cryptocurrencies.

Revenue

     As a trading platform following will be our source of revenue

Exchange Fee : We will be charging a fee of 0.2% fixed per trade after our free trial of two months.
Margin Fee : If you opt for margin there will be an interest on amount lend.
Withdrawal fee : Depending on the coin one withdraws there will be fees levied.
Listing fees : There will be fees levied for list new coins.


It is confirmed Bitsync Tokens Will be listed on 5 exchanges. ( i.e Ether Delta, yobit.net, Mercatox, HitBTC, Livecoin.net ) On 21st Dec 2017


Listing on Exchange

To get wider acceptance we understand that being listed on our own exchange won't help. Hence we will try to get Bitsync coin listed on as many exchanges as possible. After the completion of ICO we will be listed on 5 exchanges as per talks completed & We will be listing on more 8 exchanges in next 15 Days.


ICO


The coins will be offered in ETH.
Bitsync Tokens are ERC20 based Tokens

Allotment of tokens will be done within 12 Hours


Burning Coins

The distribution of Bitsync tokens is taking place over the course of 45 days. We believe this is a sufficient period of time for the public to learn about the project and participate in the ICO.

Bitsync plans to buyback 50% of coins in the span of 18 months and will burn the coins. Limiting the supply of coins only to 50,000,000.


From second quarter we will start the buyback. Every quarter we will buy 10% coins and destroy them. This will continue till next 5 quarters.



Distribution and initial rate

Coin are calculated on the basis of 1 ETH.



PRESALE ICO
1st Nov to 7th Nov

1650 Ethereum

Ethereum (Min 0.5)
Ethereum (Max 5.5)

ICO First phase
11th to 21th NOV

1500 Ethereum

Ethereum (Min 0.5)

ICO Second Phase
22th Nov-2th Dec

1350 Ethereum

Ethereum (Min 0.5)

Third phase
3th to 15th Dec

1250 Ethereum

Ethereum (Min 0.5)



Purchase Bonuses



Discount Bonus Percentage No of Tokens
Presale ICO (1st Nov to 7th nov) 32% 1650
ICO 11th to 21th NOV 20% 1500
ICO 22th Nov to 2th Dec 8% 1350
ICO 3th to 15th Dec No Discount 1250

+

Apart from the above discount during ICO Investors will be awarded generously if their contribution is as below during ICO.
(This is not for Presale)

ICO Purchase Bonuses



No. of Ethereum Bonus Coins Bonus in Percentage
25-99 63 5%
100-200 125 10%
200-500 187 15%
500-Above 250 20%

Bitsync Coin (bitc)

Bitsync coin will be created at strict limit of 100,000,000 BITC never to be increased. Bitsync will run on ERC 20.

Allocation



% Amount (BITC) ICO + Presale ICO
60 % 60,000,000 ICO + Presale ICO
20 % 20,000,000 Team
20 % 20,000,000 Global Investors

Total Marketcap


We will have less market cap than most of our counterparts. Most of the exchanges that are trying to raise funds which is huge thus hampering the price of your tokens in near future or they don’t have something in hand.

1. Total tokens that will be issued for Presale ICO is 15,000,000 2. Total token that will be issued in ICO sale will be 45,000,000.

We will be raising approximately 8500 ethereum (5% difference depending on the amount investors invest)
in softcap & 30000 ethereum in ICO.




Softcap 9000 ETH
$ 2.5 Mln

Hardcap 27000 ETH
$ 7.5 Mln