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Author Topic: MyBit - Unlocking Billions in IoT Revenue | Tokensale COMPLETE | 10,044+ ETH  (Read 1147 times)

vindyne8

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Unlocking Billions in IoT Revenue
TokenSale July  17, 2017 to August 15, 2017
TokenSale Details: https://medium.com/@MyBit_Blog/mybit-tokensale-all-the-details-here-4b43e4fcae3c
MyBit in 30 Seconds: https://www.youtube.com/watch?v=0SjB3G23VeU

Website: http://mybit.io
TokenSale: https://mybit.io/tokensale
Whitepaper: https://mybit.io/docs/MyBit_Whitepaper_v0.13.pdf
Video: https://youtu.be/wvpnMJQkhAo
Ropsten Testnet Demo: https://www.youtube.com/watch?v=0pWrhNw9HGo&feature=youtu.be
CoinInterview: https://www.youtube.com/watch?v=oplnZGuVKos&t=667s
Telegram: https://t.me/mybit_dapp
Slack: https://slack.mybit.io

Introduction

MyBit enables the crowdfunding of revenue generating machines (IoT Assets).  So anyone can buy a percentage stake in a device that generates revenue and in return receive a portion of revenue the machine produces.  This inverts the financing model and revenue flow to create a more scalable and democratic model which unlocks hundreds of billions of dollars in investment opportunities previously reserved for large centralized institutions to the average person.  All of this is managed by Ethereum smart contracts to automate processes, maintain security without the need for middlemen, brokers, and other forms of intermediaries, and reduce friction in the overall p2p investment process.  This result is a new investment ecosystem where more opportunities are available and investors can keep a larger portion of their money due to leveraging technological efficiencies.

How does it work? We often here the term decentralized ownership.  What MyBit does is enable ownership of a specific IoT asset to be easily distributed among several owners (investors).  With the rise of the upcoming machine economy, our vision is to have machines owned by people all over the world, rather than centralized parties maintaining ownership and the resulting revenue streams.

Let’s look at an example. Alice wants solar panels that cost $20k and only has $5k to allocate towards them.  Traditionally she would have to go to a lending institutions (bank) and apply for a debt-based instrument (loan) which results in the bank actually owning the solar panels and Alice owing the bank.  Since solar panels generate revenue, there is no need for debt-instruments since investors can profit from this opportunity without Alice having to owe any third-party (financially).  Instead, Alice can crowdfund the remaining 75% (or $15,000) from investors all over the world.  If the full amount needed ($20k) is not raised in the set time-interval (typically 30 days) then all funds are returned via the smart contract to investors.  If the funding goal is reached then the raised capital is automatically sent to the hardware installer/manufacturer which eliminates the risk of Alice misusing the funds.  Once installed, the Solar panels are connected to the MyBit platform via an oracle that pulls usage and payment data from the hardware so everything is transparent and can easily be tracked and audited by investors and third-parties.  When the solar panels generate revenue (in this case feed-in tariffs or selling back to the grid) investors receive a portion of the profits proportionate to their ownership stake.  Operational and maintainence costs can either be priced into the initial funding target or be deducted from revenue as a percentage.

Use Cases (Additional Verticals)

This can be applied to: All of the following use cases involve partnering with an IoT hardware provider to integrate MyBit which prevents our open-source application from being successfully cloned and brought to market under a different brand.  

- Renewable Energy: To accelerate adoption of the decentralized energy grid, land and homeowners can crowdfund ownership of the solar panels.  Investors in return receive profit sharing from feed-in tariffs and excess energy production sold back to the grid (or p2p in the future).  

- Smart Property: Smart Locks can be installed on existing brick and mortar properties or be integrated into the design of new properties so govern rent/lease payment.  If payment is not made, then the space is locked and only the owners who control the other keys can open it until payment is made.  This enables property both commercial and residential to be crowdfunded and revenue to automatically be distributed to investors without a third-party payment processing/management company involved.

- 3d Printers: We envision 3d printers to become widespread over the next decade throughout malls, shops, and other venues.  Under the 3d-printing as a service model, investors can crowdfund these assets and be paid on a per usage basis.

- Drones: Drones will have a major role in many commercial use cases, but we believe delivery and transport of goods will be one of the core areas that will come to market first.  People will be able to purchase stakes in these delivery drones and upon completion of each delivery they will receive revenue sharing.  As different models for monetizing drones take shape, MyBit will be flexible to integrate into any that are economical for the network.

- Cryptocurrency ATMs: To stimulate the widespread adoption of cryptocurrencies, ease of access is a core component.  By crowdfunding ATM ownership it enables exponentially more units to be installed and operational across the globe.  Investors will make money off of the spread and usage fees for transacting.

- Self-Driving Vehicles (Consumer): Self-driving cars are going to displace a lot of jobs.  We find it vital that the average person has the option to partake in the ownership and revenue sharing of these vehicles instead of centralized financing institutions controlling every aspect.

- Automated Machinery (Commercial): Farming machinery, construction, delivery, etc. can all leverage MyBit.  It is beneficial to companies that want to upgrade machinery and infrastructure to utilize MyBit to reduce costs to enter into this market.  Simultaneously, it unlocks billions of dollars in stable investment opportunities to investors.

- Smart Homes IoT Devices / Machine as a Service (Business Model): This will definitely take time to implement, but we at MyBit predict a disruptive transformation into micro-economies and vast adoption of micro-payments.  In this scenario, the financing model is turned upside down.  Instead of purchasing a device to use limitlessly (traditional – how it is now for the most part) , devices will be free to the consumer (crowdfunded by investors), and they will pay per usage.  A major barrier to entry with this is insurance and accountability for assets.

Profitability

See section 3 of the white paper: https://mybit.io/docs/MyBit_Whitepaper_v0.13.pdf

Roadmap



Team



Media



Blog: https://medium.com/@MyBit_Blog
- Utility of the MyBit Token: https://medium.com/@MyBit_Blog/utility-of-the-mybit-token-9335903966a2
- MyBit Strives to bring Blockchain Mainstream: https://medium.com/@MyBit_Blog/mybit-strives-to-bring-blockchain-mainstream-1af9a92701c1
- MyBit and Blockchain Identity Management: https://medium.com/@MyBit_Blog/mybit-and-blockchain-identity-management-e44e277c71cd
- MyBit Use Case: Smart Real Estate: https://medium.com/@MyBit_Blog/mybit-use-case-smart-real-estate-c673d2c3c7c5
- Unlocking IoT Revenue with Ethereum: https://medium.com/@MyBit_Blog/mybit-unlocking-iot-revenue-c48ac139803b
- Next Generation Energy: https://medium.com/@MyBit_Blog/next-generation-energy-how-mybit-aims-to-accelerate-the-microgrid-revolution-34c797593ed7
- Web3.0 Meets Energy: https://medium.com/@MyBit_Blog/web-3-0-meets-energy-76dcbef5bf89

vindyne8

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Soft cap of $1.3 Million reached for MyBit: https://mybit.io/tokensale
___

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Still on the fence about getting in or not? The 25% bonus is still active, and there are now 2 days 15 hours left to get your stake. Check out some of the articles below for more information on this great opportunity!
___
Is Revenue Generation On Blockchain The Wave Of The Future? Test Case 1: MyBit
http://m.benzinga.com/article/9918599
___

Most common occupation - Truck Driver.  How are we going to counter unemployment caused by Autonomous Vehicles? Democratize ownership of these machines.
https://www.coinspeaker.com/2017/08/01/mybit-blockchain-platform-mission-unlock-billions-iot-revenue/
___

Renewable Energy, Investing and Blockchain – A Match Made in Heaven?
http://www.newsbtc.com/2017/08/10/renewable-energy-investing-blockchain-match-made-heaven/

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Enterprise level investing possible for everyone through blockchain
https://cryptoinsider.com/enterprise-level-investing-possible-blockchain/
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MyBit launches ICO to decentralize renewable energy
https://blog.ethereumwisdom.com/2017/07/13/mybit-launches-ico/
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https://mybit.io/tokensale

vindyne8

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ETH Balance:   4,382.67828959055 Ether
___
Final 1 day 11 hours to get in on Mybit, and the 25% bonus is still active at this time! Navigate to
:

https://mybit.io/tokensale
___
Still undecided? Check out the whitepaper:
___
https://mybit.io/docs/MyBit_Whitepaper_v0.13.pdf

vindyne8

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Forbes Article: Why Blockchain Is The Future Of The Sharing Economy
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Mybit, the blockchain powered platform connecting investors to future-proof projects, is a good example to a company that utilizes this idea. The company’s vision is to democratize the ownership of machines and its resulting revenue streams instead of letting them fall into the control of centralized financial institutions. The platform will be applicable to drones, self-driving cars, smart homes, autonomous machinery, 3D printers and more.
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The increasing need for clean energy has influenced the platform to choose solar panels and energy generation as its first initiative. Through its initiative, MyBit is presently on a mission to accelerate the adoption of decentralized grid among the masses.
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Read the full article on Forbes

vindyne8

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Final 12 hrs of tokensale, 25% bonus still live. Get yours here: https://mybit.io/tokensale
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ETH Balance:   4,866.6105936531 Ether
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MyBit on Cointelegraph just over 12 hours left to contribute to the ICO tokensale on ethereum 
___
https://cointelegraph.com/news/stability-in-bitcoin-leads-to-greater-liquidity-analysis

vindyne8

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Mybit surges to 5,200+ ETH as sale enters final 6hrs
___
https://mybit.io/tokensale
___
25% bonus STILL active! #iot #renewable #energy #revenue


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