ICO date: 15th May 2018 - 15th July 2018. Bityond Tokens do not offer any payments, interest or dividends to token holders.

Bityond token (BYT)

BYT are the fuel that drives Bityond's rewards system.
There are two ways of receiving Bityond tokens:

By participating in the ICO;
By using the platform as a Candidate or Employer.

Tokens will be distributed for free as users complete certain actions in Bityond and in potential airdrops.
To safeguard participants, the amount of BYT offered for free at each period will be substantially lower, than the amount purchased during the ICO.

ICO details

50% - Bityond users
40% - ICO participators
10% - Team

Maximum supply
100,000,000.00 (100 million BYT)
ICO
40,000,000.00 (40 million BYT)
Reserved for Bityond users
50,000,000.00 (50 million BYT)
Reserved for Bityond
10,000,000.00 (10 million BYT)
Price 1 ETH = 100,000 BYT
Minimum ETH per participant
0.2 ETH
ICO ETH goal amount
400 ETH

Tokens created depend on the amount raised.

Funding distribution

25%

Version 2.0 Marketing & Partnerships

25%

Version 3.0 Marketing & Partnerships

40%

Version 3.0 Design & Development

10%

Reserves

Funds generated by the crowdsale will go into:

Develop Bityond smart-contracts;
Develop Bityond 3.0, which incorporates new and improved features;
Marketing & Growth hacking, promoting the Bityond network to recruitment companies and candidates;
Partnerships, with technical universities across Europe.

Token distribution

Bityond cannot redistribute profits as it would make the token be treated as a security by the Portuguese Exchange Markets Commission; What's important to retain is:

All users will be entitled to free Bityond Tokens;
BYT will be distributed to ICO participants until the end of July 2018.

Purpose

Economic incentive

By distributing tokens freely, users have an incentive to use Bityond, as it's the only recruitment platform that rewards users for sharing data.

Participate in Polls

As more participators and users get tokens, Bityond will create polls to allow for any token holder to express their opinion, in terms of future developments.