BizShake – A Sharing System on the Blockchain – Part 2 The upcoming ICO

Some days after publishing my first article about BizShake, I decided to turn it into a series of articles. The project should be too critical and exciting to leave you with just an overview, and if you missed the introduction, please open the link at the end.

In this second part of the BizShake series, I will focus on the upcoming ICO.

Although I think that most people know what an ICO (Initial Coin Offering) is, I would like to summarise once again briefly.

An ICO is a pre-sale of coins or tokens to get the necessary funds for a project or the start of the company. We all know it as Crowdfunding or Kickstarter from other areas of life. Some companies prefer a very short ICO phase and others stretch it for up to a year. Both have their advantages and disadvantages.

Almost all projects divide their advance sales into several phases. These differ by the percentage of bonuses, the number of existing tokens or coins and especially in which timeframe they will take place. Not infrequently, there is a first private pre-sales phase in which only investors can invest with large sums of money. They, therefore, get the most significant bonus and, help with their investment, the project on the jumps. This phase is usually not added to the official ICO and can well be performed months before the actual start.

Then follows a pre-ICO phase and then the actual crowdsale ICO phase (s). The sooner you get into an ICO, the bigger the bonus you get per purchase.

The actual first proper ICO phase then begins with the pre-ICO and can, in turn, be divided into several sections. A couple of days ago I wrote an article about a project, which had seven Pre-ICO phases. The actual Crowdsale ICO phase (s) will then be the final part and will be the perfect time for all those who can not and will not invest much. One thing is for sure, the sooner you get into an ICO, the bigger the bonuses you get per purchase.

How is BizShake planning its Initial Coin Offering?

The first important thing to know is that BizShake found his home on the Neo Blockchain. Therefore you need to own Neo or Gas or ONT Tokens to participate in their ICO.

BizShake will execute a private sale first, with a minimum contribution of 1500 Neo or equivalent. There is still massive time to prepare, until the first Stage which will reach from October 1st till October 14th. Every purchase will get a 40% Bonus.

There will be no other ICO Phase in between. Instead, the crowdsale will start immediately after the private sale ends on the 15th of October.

The main sale is divided into four phases, which are all very short. Here are the exact dates for the Crowdsale.

Phase 1 from Oct 15th – Oct 18th with a Bonus of 25%
Phase 2 from Oct 19th – Oct 21st with a Bonus of 15%
Phase 3 from Oct 22nd – Oct 25th with a Bonus of 10%
Phase 4 from Oct 26th – Oct 31st there is no Bonus left for this round.

The total token supply will be 200.000.000 BZS Token, and 50% of it will be for sale in the ICO.

So how will the BizShare Team use the funds after the ICO ended?

For an excellent planned project, it is close to mandatory to reserve 50% for the product development, which is always an excellent indication for good structure of a project. Without the proper funding of the product development, there would be no future at all. So there are only positives on this point here.

A great quarter of all allocated funds will go directly into marketing, and I'd say this is one of the fantastic facts about the whole BizShake token economics. With such a high budget, we can expect a grand marketing strategy being rolled out, starting by the end of 2018.

The last quarter of all funds is divided into three parts. 15% will go to the business development, and for all legal procedures, 5% is allocated. The last 5% is reserved for all other eventualities.

So the big focus is on development and marketing, which is the whole idea behind an ICO, to kickstart a project. I consider this a great planning from the BizShake team.

To summarise the token economics, I would like to show how the other 50% of all BZS Tokens are used. From those, a whopping 30% serve as a reserve, and 15% are going to the founders of the project, which will be locked up for 24 months. The amount of 5% of all BZS Token will be paid for the work of the advisors.

At this point, I would like to point out to all those interested that every future investor has to make up his own opinion about a project in which he/she wants to invest. Any reporting on an ICO is only an opinion of the creator of the material.

In the next article of my BizShare series, I will put light on the business model including some high-interest topics such as crypto price volatility prevention & the SmartPawn- and Smart Dispute Systems. Please consider an upvote which costs you nothing but has great value to me.

Please use the following links to do your research into the project, before you invest in the BizShake ICO.

Website: https://bizshake.io/
Telegram: https://t.me/bizshake
Twitter: https://twitter.com/BizShake_ico
Facebook: https://www.facebook.com/bizshake/
Medium: https://medium.com/bizshake
Email: [email protected]
Whitepaper: https://bizshake.io/sites/default/files/BizShake_Whitepaper_1.2_ENG.pdf

Here you can find my first BizShake article on Steemit:
https://steemit.com/blockchain/@desposyni/bizshake-a-sharing-system-on-the-blockchain-smart-and-save