BYT Technologies Announces Promising ICO for Their Shariah-Compliant Crypto Utility Token With a Twist Around “Real Value & Real Growth”

Kuala Lumpur, Malaysia – 29 June 2018: BYT Technologies will officially launch its ICO to the public starting from 27th June 2018 with an offer price of USD 0.80 per Bayan Token (“BYT”), whereas the pre-ICO’s offer price is at USD 0.70 per BYT will end on 26th June 2018.

According to the company’s spokesperson and ambassador, Mr. Vince Focarelli, “Each Bayan Token is backed by a private cloud server access as well as several high return projects, including an Artificial Intelligence Equity Trader (AiET), expansion of 1,000 halal marketplaces which includes a robust online platform and production of a bad cholesterol-reducing health supplement based on vigorous lab research by prominent university professors.

“Additionally, all projects have been field-tested and currently running at a small scale and the ICO proceeds will go towards expansion of these projects. Hence, these projects are not at an ideation stage as per many of other ICOs. This would mean a lesser risk to token purchasers and investors. Furthermore, one of the projects is expected to yield return within 6 months from the date of the ICO. Token holders may enjoy benefits such as special discount purchase of valuable goods or other cryptocurrencies, token buy-back offer with a premium price, random gifts giving and many more.”

Mr. Vince Focarelli added, “Bayan Token differs from other tokens in that it is backed by a real tangible asset that has real value and redeemable at any countries via a sophisticated smart contract technology, not just reliant on the future value of the tokens and uncertain technological innovation, project or prototype. Token holders can either use Bayan Token to redeem their server access, as a payment method at our registered merchants or hold it for capital gain.”

BYT Technologies is a technology company that aims to leverage the blockchain technology and enhance its usage and applications to the benefit of its members and the wider population. The long-awaited ICO to buy Bayan Token will open the doors to interested parties to join the community in a profitable undertaking.

“I am extremely happy with our performance during the pre-sales session. Even with the current volatile [cryptocurrency] market and its continued divisiveness, there was an encouraging and significant number of investors participating in our pre-sales,” says Chief Operating Officer (COO) of BYT Technologies Pte Ltd, Mr Adam Effendy Mustapha. “Many have come up and stated that they are confident with our projects, even from very experienced bankers as well as an MD of a biggest Security Company in a country in Asia, where they invested for themselves and their entire family. So, I hope we don’t let them down. We are targeting to reach minimum USD10 million and USD35 million for our hard cap. We are very excited to launch our ICO soon. We thank those who have supported us.”

BYT Technologies aims to create a sustainable ecosystem for their members and supporters so that they can benefit from the utilisation of BYT. BYT as well as the projects BYT Technologies is undertaking have been approved and certified as Shariah-compliant by Elzar Shariah Solutions and Advisory. “You can rest assured that the structure is completely Shariah-Compliant and may even be considered as better than the Tawarruq concept which underlies many Sukuk issuances and most of the Islamic Financial Institutions’ products,” according to Sheikh Dr. Zaharuddin Abdul Rahman, Managing Director of Elzar Shariah.

He also added, “This is the real chance for the cryptocurrencies believers and investors to participate in an ICO to purchase crypto token with almost no risk of losing money, and that is due to the fact that each and every usufruct of Bayan Token has been guaranteed, redeemable via the highest mean of an audited smart contract, regardless of market value of the token, be it at low or high in value.”

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Media Contact

Contact Name: Muhamad Akif Akmal
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BYT Technologies is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. The Bayan Token sale is closed to US participants and participants of all countries in which ICOs are illegal.


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