THE BLOCKLITE NET COIN (BTE)
The Blocklite Net Coin (BTE) is the exclusive utility token of the VEO/Payport ecosystems and the Blocklite WooCommerce Plugin. BDOP and all Novelty Blocklite Coins must be bought with BTE. When a vendor or wallet user wishes to withdraw to fiat or crypto, their transactional balance is swapped to BTE and then exchanged for either Fiat or Crypto (BTC, USDT or ETH). For Veo and Payport users, this swap is done seamlessly by the system in the background generating huge, constant offer and demand for the BTE coin. Its value is related to the growth of the system’s cash flow (Demand) and the amount of coins available for purchase at any given time (Offer).
TECHNICAL DETAILS
Name: Blocklite Net Coin Symbol: BTE
Decimals: 18 Total Supply: 10,000,000 (10M Tokens)
TECHNOLOGY The Blocklite Net Coin (BTE) is a Blocklite B-Crypt Token www.blocklite.org/bcrypt , Blocklite’s community audited token protocol that is used with the Blocklite X Wallet or Veo Simplified Wallet, but can be bridged at any time to the Binance or Ethereum chains if the user desires, making it possible for anyone to hold their BTE in multiple wallets such as Metamask and/or Math Wallets.
| Total Coin Supply | 10,000,000.00 | ||||||
| Price/Token | Total Raise | TGE | Monthly | Lokin | |||
| Angel Around | 150,000.00 | $ 1.20 | $ 180,000.00 | 4% | 4% | No | |
| Seed Round | 650,000.00 | $ 1.50 | $ 975,000.00 | 4% | 6% | No | |
| Post Seed Round | 200,000.00 | $ 2.00 | $ 400,000.00 | 4% | 8% | No | |
| Pre-IDO Round | 150,000.00 | $ 2.50 | $ 375,000.00 | 4% | 10% | No | |
| IDO 1 Public Round | 350,000.00 | $ 3.00 | $ 1,050,000.00 | 25% | 25% | No | |
| IDOs Public Listings | 700,000.00 | 30% | 7% | No | |||
| Liquidity Requirements Crypto | 2,300,000.00 | Released as ecosystem cash flow grows | |||||
| Liquidity Requirements Fiat | 2,300,000.00 | Released as ecosystem cash flow grows | |||||
| Operations & Dev | 250,000.00 | 0% | 2% | 6 Months | |||
| Advisory | 800,000.00 | 0% | 5% | 1 Month | |||
| Marketing | 1,400,000.00 | 0% | 5% | 6 Months | |||
| Foundation Reserve | 750,000.00 | 0% | 5% | 6 Months | |||
| 10,000,000.00 |
REDISTRIBUTION OF FEES TO HOLDERS (ALL TOKENS)
Our VeoShopping and VeoStream platforms use the Blocklite Payment Gateway which charges a processing fee to vendors (4% – Dominican Standard for Visa and MC). The X Wallet charges a transfer fee between users (0.2% to a maximum of US$1.00) while the tokens are On-Chain (On the Blocklite Chain)
Half of all these fees are redistributed between coin holders in real time prorated to how much coins they hold versus how much coins are in the system at a given moment. This means that Blocklite Coin holders make money on holding Blocklite coins, even Blocklite stable coins (Applies to Off-Chain tokens also, Off-Chain Tokens receive their profit shares daily). This redistribution is system wide, meaning that this happens regardless of whether you hold Net Coin, Stable Coin or Novelty Coin.
INVESTOR OFFERING SCHEDULE
April 2022 Stage 1 Private Sale Round
At the commencement of the private sale, the Blocklite Net Coin (BTE) token is offered at USD$1.50, and exclusively to early stage private investors.
June 2022 Stage 2 Seed & Pre-IDO Funding Round
From May 2022 and until IDO of the Blocklite Net Coin (BTE) in December 2022, 3 additional rounds of the Blocklite Net Coin (BTE) token sales will occur, which will allow Blocklite to fund its customer acquisitions, development, operations, marketing and other business activities.
December 2022 Stage 3 Public Trading / IDO Round
Upon the Blocklite Net Coin (BTE) launch, the tokens will be made available for public trading via the Blocklite X Wallet, the CryptoXpress Exchange app and various other secondary markets, including on DEXs and CEXs.
VALUE AND BUYBACK PLAN
The total supply of Blocklite Net Coin (BTE) tokens will never exceed 10 million tokens and over the lifetime of the project Blocklite will repurchase Blocklite Net Coin (BTE) tokens from the public markets and burn them in order to maximize the token’s value through the reduction of its available supply.
The company will continuously buyback tokens on a monthly basis until 20% of the tokens have been repurchased and burnt. This process is expected to take some 48 months.