developer submits an Ethereum Improvement Proposal (EIP)~ BILIBIT

I would like to introduce you to BILIBIT, a new ERC 20 tokenized coin from the Phillipines. Bilibit is designed to speed up transactions in the blockchain community,taking one step ahead to show a secured operation that focuses on affordability, fast and smooth transaction. As we already know, cryptocurrencies are taking much hype in the world, it therefore much important for crypto investors and members to get a crypto, that will make all their transactions easier and faster. Bilibit, is the much awaited community-driven crypto ecosystem that intends to help people in ecommerce using the fast, safe and easy BLB token. The tokens are designed through Ethereum Smart Contract, a secured decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship, or third-party interference. Since Bilibit was developed from the Phillipines, it proposes to be introduced first in the Philippines and further aims to have international recognition and acceptance. As a community, bilbit aims to provide an electronic payment and a unique ecosystem for all of its members in the community and not only Filipinos.

Brief knowledge on ERC-20 and Ethereum

ERC! Guess you are wondering what it entails. It is one of the most well-known of all the standards within the entire crypto community, and most tokens issued on top of the Ethereum platform, use it. It stands for “Ethereum Request for Comment “ and is Ethereum’s version of a Request for Comments (RFC), a concept devised by the Internet Engineering Task Force. Every RFC has a memo which contain technical and organizational notes. ERC’s also have some technical guidelines for the buildout of the Ethereum network. In order to create standards for the Ethereum platform, a developer submits an Ethereum Improvement Proposal (EIP) which include protocol specifications and contract standards. After that EIP has been approved by a committee and finalized, it becomes an ERC. Ethereum developers then provide set of implementable standards after finalized EIP. This allows Smart Contracts to be built with these standards, which a common interface can access.

ERC20 tokens have gotten widespread approval and most of the DAPPS sold on ICO’s have tokens based on the ERC20 standard. When being used, it allows you total token supply, account balance, transfer the token from one party to another and an approval for the use of token as a monetary asset.

Just as you value your assests, ETHEREUM also has value. Its value is derived from the constant demand and supply and also trust from its users or investors.

· Supply: The higher the the demand for it, the lesser the supply. This goes a long way to increase the price of the product.

· Demand: Whenever the demand of the Decentralized Application remains high the supply remains constant, the value of the token ultimately becomes high.

· Trust: Trust is always a priority in any business, just like any other medium of exchange, the tokens we will be valued if people have a sesnse of trust in it. The credibility of the developers and the kind of service provided by the Decentralized Application and many others are all forms of trust.

Ethereum ecosystem has lots of decentralized exchange built inside ethereum ecosytem that supports the use of ERC20 standard token. Examples are Etherdelta, Forkdelta and many others.

View whitepaper for more information.

THE PROBLEM AND ITS SOLUTION

Payment transactions of late has become a major problem and takes a lot of time. Some people try to fight and others also try to endure. Credit goes to blockchain technology for eradicating some problems like concerns of costly fees and tedious waiting for some transactions to be processed. However, much could be done, concerning the cost and speed of our transactions. That is why Bilibit was created, from the knowledge on blockchain technology. The lone purpose of bilibit is to provide a hassle free environment for payments and secured transaction. The project aims to resolve payment challenges due to time consumption as a result of higher transaction fees and a lot of restrictions on payment options. The project also aims to provide help for charity foundation, street children, and also jobless people by helping them to be employed on the project to earn funds on their own. Public personalities and government asset can also use bilibit to track down funds, taxes and others since transparency is key in bilibit. Click Here to know more.

Benefits of Using Bilibit

· It serves as a tracker that people may use to check funds, peoples’ taxes and where money is allocated to.

· It gives you the confidence of tracing and considering dealings and understanding where your money goes.

· It also depletes the costly transaction and anomalies for funds.

Mission

The mission of Bilibit community are:

· To help the community, by giving them a Secured and a Fast payment transactions.

· To aid street children and unemployed people through blockchain jobs.

· To be the first step in embracing digital markets in the Philippines.

· To be a transparency tool for the transactions to help in eliminating irregularities on using funds for private and government use.

Vision

The aim of bilibit is to provide a bulk approval of blockchain technology to eradicate overpriced fees that drains Filipinos.It wants to create a financial communications, in order to generate a free environment and peace of mind in terms of dealings, contracts and transactions. Also, bilibit intends to help unemployed Filipinos to gain more skills and expertise on blockchain technology, in order to earn.

Helping the unemployed filipinos is one of the main goal of Bilbit!

BLB TOKEN DISTRIBUTION

Bilibit intends to allocate 15% of token to team members,15% to Development, 20% for Airdrop, 20% for Pre-sale, 20% for ICO and 10% for bounty programs.

Total Supply: 50.000.000

Presale Coin: 10.000.000

Initial Price: $0.058

0.000069 ETH = 1BLB

Crowd sale duration:March 21, 2018 UTC 00:00–21 April 2018 UTC 00:00 or until you reach the maximum limit.
Token distribution date: until April 28, 2018.

Team Members

The team members of Bilibit comprises a group blockchain enthusiasts around the Phillipines. The team members have a common goal to advocate for their members in order to address issues that occur in their day-to-day activities.

Adraine (Team Leader)

An ideal visionarist with 15years experience in web tech, space and blockchain.

Veil (Project co-Lead)

A tech enthusiast, who has studied cryptocurrency and has a strong influence in the community.

Jericho(Tech co-Lead)

An analyst and an engineer in tech crypto security.

Paul(Team co-Lead)

He is a young crypto didact and an eager leader among team.

Nikko(support co-Lead)

He is th backbone of bilibit project, a founder of Alpha — a group of trusted crpto enthusiast and traders.

ROADMAP

A fast and a secured transaction having the capacity to save time is all we need. BILIBIT is taking us to the moon by making the world of blockchain great. This is awesome just believe it!