Blockport (BPT) ICO Review – ICO Token News
Blockport (BPT) ICO Review – ICO Token News
What is Blockport?
Blockport exposes crypto trading to all users, no matter what is their level of experience, and where they live in the world. By introducing a social-based, hybrid decentralized exchange; the Amsterdam based Blockport platform aims to resolve problems like:
- Lack of transparency
- Lack of liquidity
- Lack of security
- Lack of usability
- Lack of education
In order to solve the above-said problems, Blockport adds security, liquidity, usability, transparency, and education to the existing landscape. It is first of its kind platform, which comes embedded with a number of aspects of social sharing and trading to abet investors feel cozier in the ever-fluctuating world of cryptocurrency.
Leveraging Blockport, you can hook up with other traders, discuss and share your investment strategies with them, and even create a copy of another person’s trading portfolio. The platform also enriches the new investors’ knowledge by allowing them to read pros and providing them with many training wheels that they can use to start trading.
Portfolio copying is gaining momentum with each passing time. Forums on Reddit and Facebook continuously get new traders who you always find curious enough to know which coin they should invest in – Blockport’s portfolio copying gets you rid of this guesswork.
Hybrid centralized architecture
Blockport has a unique way to leverage the advantage of technology architecture from both decentralized and centralized exchanges.
When you are on the decentralized side, your funds stay laid in a wallet that holds your keys. This helps in preventing malicious hacking attacks on the platform – a very common issue that centralized exchanges keep encountering.
When you are on the centralized side, you need to make each trade using a third party exchange. This helps in eliminating the issue of liquidity that decentralized exchanges may have to face some or other time.
This way, leveraging advantage of this hybrid structure, you obtain best of both worlds.
What is Blockport ICO?
The Blockport ICO token is abbreviated as BPT. This is an Ethereum (ERC20) based utility token, ideally designed to be used for multiple functionalities within the Blockport ecosystem. The BPT token can seamlessly interact with other ERC20 tokens, thanks to the Ethereum Blockchain technology.
You can exchange BPT token to avail of the premium services available within Blockport platform, discounted trading fees and social trading functionalities. Each trader that copies your portfolio has to pay a fee wherein you get 90 percent and Blockport gets the other 10 percent. To earn BPT, all you need to do is just get engaged on the platform though you are not obliged to directly purchase BPT on the market.
Blockport pre-sale and crowdsale
Blockport commenced its pre-sale on 3 January 2018, which ended on 17 January 2018. The company started its crowdsale on 24 January 2018, which would end on 28 February 2018 while its public crowdsale is scheduled to take place in March 2018 as per the details available on Blockport website. The pre-sale BPT rate was 1 ETH, which was equivalent to 3840 BPT, whereas the crowdsale BPT rate was 1 ETH, which was equal to 2880 BPT.
Blockport staged a private and public token sales with a view to providing and rewarding the early adopters of the Blockport platform with BPT that they would use to avail of social trading functionalities existing within the platform and spend on the transaction fees.
BPT token distribution
Blockport has set up its token minting limits up to 69,440,000 BPT that it does not aspire to increase in near future. Following are the areas where it has decided to distribute its BPT tokens:
Since there will be minting of up to 49,600,000 BPT for private and public token sale, hence:
- 71,4 percent for participants in the token sale rounds.
- 14,3 percent for the team, advisors and early seed investors.
- 10 percent for the company’s token shop.
- 4,3 percent for community, services provided by 3rd parties, and bonus allocations.
BPT vesting plan
The 5-10 percent of the total tokens Blockport will vest in forthcoming three years as follows:
- 25 percent for Initial release
- 25 percent after 1 year
- 25 percent after 2 years
- 25 percent after 3 years
Use of raised funds
Similar to other ICOs like Requitix, Cointed Token, Sether, SuperPay, Upline, ODEM and a lot more, Blockport has also decided to distribute the funds generated through token sales in the following ways:
- 50 percent to a trading reserve Blockport exchange accountant manages.
- 14,2 percent for the development of Blockport version 2.0 and 3.0.
- 10,4 percent for Blockport exchange’s business operations and maintenance
- 16,2 percent for marketing costs like content, design, community and advertising building.
- 9,2 percent for legal & regulatory compliance costs like contracts, licenses and research.
Since the crypto space is awash with several types of crypto exchanges, Blockport may have to go through a rigorous competition. At present, other similar ICOs seem to be giving tough competition to it in terms of several features and functionalities. However, the best part about both this platform is that it provides for easy-to-use interfaces that any investor can comfortably use. So, creator of Blockport must have developed it for newbie, but they might have forgotten that they are not new in the cryptospace.
Similar to other ICOs such as CIF, QBT, CLOUT, DreamTeam, BITCOMO, etc., Blockport is also a team of specialists and best brains, but its creators differ like Sebastiaan Lichter and Kai Bennink. Both founding members of the team are extensively experienced in technology, but Bennink claims to have specialized in the blockchain technology at the Delft University of Technology. The entire team works out of TQ, which is a technology hub supported by Google and KPMG in Amsterdam. Other members who make the team of Blockport are as follows:
- Peter Kits: Partner Deloitte Legal
- Erik Terpstra: Founding Software Engineer at Blendle
- Johannes de Jong: Head of Regulatory at Osborne Clarke
1 – Large problem space: The exchange market is already filled with a number of well-established and well-known exchange platforms. The leading exchange companies are already offering more than $1B worth of trades a day.
2 – Partnership with Ark: Blockport has collaborated with Ark to leverage the benefit of latter’s technology. Where Arks is a well-recognized blockchain company having a strong community based, Blockport is yet to tap into the community.
3 – Beautiful design: Blockport gives complex to other exchanges when it comes to the designing part. Their sleek designs will let the user adopt most probably at the very first look.
Blockport also wants its users to benefit from its hybrid-decentralized exchange; but it may not be immune from the competition that it may have to face because of already existing exchanges. However, if your goal is honest and aim is clear, no one can stop you from gaining benefits and serving others.
Blockport in social media