NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

BIOTRON.IO Initial Token Event (ITE)

NewsBTC
NewsBTC
7 years ago
3 mins read
biotron

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Biotron.io has announced the launch of its public Initial Token Event (ITE) which will take place from the 20th of March 2018 (15:00 UTC) until the 29th of March 2018 (15:00 UTC) in order to fund Biotron.io. The distribution of the tokens will commence on the 2nd of April.

Biotron.io is a user permissioned and revenue sharing personal data warehouse. User data is collected and saved in a form of high-level analyses, which are then available for purchase by interested customers.

To realise its vision, Biotron.io is launching its own utility token – BTRN. The token facilitates the trade of data and payments between providers and customers. It is the only option for payments to access Biotron.io’s data analyses and to compensate data providers.

During the ITE, BTRN are created as ERC-20 cryptographic tokens on the Ethereum (ETH) protocol. After the ITE and once the Biotron Blockchain is launched, the ERC-20 based BTRN will be replaced by the final proprietary BTRN.

The public ITE will last 9 days, with each day representing one round. The round one value of 1 BTRN will be 0.10€ with an increase of 0.01€ per round. The final round value will be 0.18€ per 1 BTRN. The ETH-EUR exchange rate used for each round will be announced daily according to the Euro exchange rate. It will be calculated as 1-day (24h) moving average of the day before the round starts. The source of the exchange rate and its calculation will be announced in advance of the ITE.

A private ITE was launched on the 1st of February 2018 and will last until the 19th of March 2018. The minimum contribution is 200ETH. Contributions received during the private ITE will be recorded during the 1st round of the public ITE and distributed from the ITE token pool. Private ITE bonuses will be distributed individually from an allocated “Private ITE Bonus” token pool which is 10% of all the created BTRN tokens. Any tokens that were reserved for the ITE and Private ITE Bonus but remain undistributed will be allocated to the “User Acquisition” token pool.

The identification of contributors to the ITE will be based on their ETH wallet address and BTRN tokens are distributed to this address only. All BTRN wallet addresses for contributions will be made public prior to the ITE. There will be the KYC process to establish a contributor’s investment knowledge and financial position.

Summary

Role of Token: Enables trade of data between data customers and data providers
Symbol: BTRN
Maximum Supply: 1 000 000 000 tokens (no new tokens will be created)
Initial Token Event: 350 000 000 tokens (35% of all tokens)
Initial Token Value: €0.10 per 1 BTRN (Round 1)
Public ITE Period: 20.3.2018 15:00 UTC to 29.3.2018 15:00 UTC
Accepted currencies: BTC, ETH, LTC, EOS, OMG, BAT, SPHTX
Token Distribution Commencement: 2nd of April 2018 (48 hours)

Token allocation:

biotron

 

 

Graph Summary

  • 35% of BTRN tokens will be allocated for ITE.
  • 10% allocated for private ITE bonus scheme.
  • 10% will be held for transaction validations in case Biotron.io decides to build their own blockchain/ledger. If an existing blockchain/ledger is used, these tokens will be used to cover transaction fees on that network.
  • 25% of issued BTRN tokens will be allocated for user acquisition activities, business development, and market expansion.
  • 15% of BTRN tokens will be allocated to cover ITE operation costs (marketing, legal, and development efforts) and to compensate ITE advisors, partners, and founders (vesting period up to 12 months).
  • 5% will be held in a reserve by Biotron.io for future development with sales restrictions of 2 years.

 

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

SpacePay Takes the Lead

Best Crypto Presale in 2025: SpacePay Takes the Lead

Most crypto projects promise big changes but deliver little substance. SpacePay takes a different approach by solving real problems that...

ericdunne519 3 days ago
SpacePay Is Solving the One Problem That Held Crypto Back for Years

SpacePay Is Solving the One Problem That Held Crypto Back for Years: Presale Is On

For a long time, crypto payments have been hard to use. They were supposed to be quick and easy, but...

ericdunne519 5 days ago
Why SpacePay Is the Go-To App for Hassle-Free Crypto Payments

Why SpacePay Is the Go-To App for Hassle-Free Crypto Payments

You’d think by now you could buy a latte with Bitcoin, but nope. It’s 2025, and we’ve had digital currencies...

ericdunne519 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

青色のプレゼントボックスの上にあるBTC

Bitunixボーナスキャンペーン開催中|最大710ドルの獲得手順

rinsuzuki 21 hours ago
Why SpacePay Is Tipped to Be the Favorite Crypto Coin of 2025

Why SpacePay Is Tipped to Be the Favorite Crypto Coin of 2025

ericdunne519 1 day ago

Jemlit vs Mystery Box World: Кой е “царят” на мистериозните кутии?

Nikolay Aleksiev 1 day ago

Premium Sponsors

Press Releases

  • 仮想通プレセール注目:リップルが米銀行ライセンスを申請、機関投資家の関心が急上昇中

    ...

    13 hours ago
  • 仮想通貨おすすめ:話題の新トークンがプレセール開始直後に15万ドルを調達

    ...

    13 hours ago
  • 新しい仮想通貨:ソラナ系取引ボットが話題のプレセールで150万ドル調達、次の100倍候補か?

    ...

    13 hours ago
  • 仮想通貨おすすめ|米下院が大型法案可決、7月4日にビットコインが急騰

    ...

    13 hours ago
  • ミームコイン急騰中|Solana発の人気銘柄続々高騰、新たな注目トークンも登場か?

    ...

    14 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.