BTRIC Founding Donor (BFD) Campaign

Participate as a Founder in our launch campaign and you’ll receive BFD Tokens.  Each BFD Token will entitle you to a free grant of “BTRIC Coin” as well as exclusive bonus rewards from each launched Innovations Incubator project.

Our Launch Fundraising Campaign is open now for a limited time.  This is your only chance to obtain BFD Tokens and be a BTRIC Founding Donor.

BTRIC’s mission is to work with great projects and transform them into awesome businesses through our Innovations Incubator program.  Once they’re ready, we launch them as separate entities, ready for investment and primed for growth.

We also focus on industry-wide advocacy, educational, and research efforts to promote best-practices and smart approaches to changing the world through decentralization and other emerging technologies.

BTRIC Founding Donors receive BFD Tokens, which are Ethereum ERC20 tokens.  Holders of BFD Tokens will be rewarded by every project that completes our Innovations Incubator program.  Now, strictly speaking, you shouldn’t consider BFD Tokens to be an investment (as that has specific legal meaning), but when projects are launched as businesses they will provide rewards to all those that then hold BFD Tokens.

BFD Token holders will receive a grant of “BTRIC Coin” cryptocurrency or token when it is issued.

BTRIC Founding Donors can choose to be permanently recognized on our website and in our materials as a Founding Donor.  (This is optional, we won’t list your name/business name, website, logo, and URL unless you give us permission!)

BFD Token Fundraising Campaign Details

Use of Funds

Ongoing rewards for BFD holders

In addition to being listed as a Founding Donor on our website and in our promotional materials (if you choose), BFD Token holders receive an additional, ongoing benefit.

An important benefit for holders of BFD Tokens is that they will be rewarded in some form by each project that completes the BTRIC Project Incubation Program.  For example, when we issue the “BTRIC Coin” (working name) token or cryptocurrency in the second quarter of 2018, all those holding BFD Tokens at the time/date of a “snapshot” (to be announced in advance) will receive a grant of BTRIC Coin.  You can read more about that in this white paper.

However, this is not limited to the issuance of our “BTRIC Coin”.  Every project that completes incubation and is divested from BTRIC as a separate business will have a publicized “snapshot” date/time.  All BFD Token holders as of that time/date will receive some benefit from the business that graduated from the incubation program as a separate business.  In this way, you are rewarded by every project that completes the Project Incubation Program for being among the first to support our organization.

One of the conditions for acceptance into BTRIC’s Project Incubation Program is that the project agrees to provide some reward or benefit to donors to their project, which specifically includes all BTRIC Founding Donors.

Because the projects vary in their business models, and will also vary in the jurisdictions they do business in, this reward will vary from project to project.  It could include (subject to applicable regulatory and legal requirements):

  • Credits for use of their product or service;
  • Free “not-for-resale” products;
  • “Airdrop” coins or tokens;
  • Buyback of coins or tokens; or
  • Equity in the newly-created business.

By getting on board now as a BTRIC Founding Donor, you will receive benefits from each project that completes the BTRIC Project Incubation Program for as long as you continue to hold BFD Token.  If you transfer your BFD Token, the benefits will be given to holders of BFD Token as of the next “snapshot” time/date.

Milestones

N
The concept of and need for an organization like BTRIC was identified.

March to July 2017

The initial concept for BTRIC was conceived while researching for a project using blockchain DLT and taking a close look at the state of the emerging technology industry.

N
Our organization was formally incorporated.

August 30, 2017

BTRIC was incorporated as a New Jersey, USA non-profit corporation.

N
We received 501(c)(3) status.

September 11, 2017

BTRIC was recognized by the Internal Revenue Service as a Section 501(c)(3) organization, which allows contributors to receive a tax deduction (to the extent allowed by law).

N
Our launch plan and BFD Token fundraiser was developed.

September to December 2017

Our launch plan and white paper was developed, refined, and vetted for legal sufficiency.

The BFD Token was created on the Ethereum blockchain.

We began to discuss our organization among a few industry members, and refined our concept as a result.

V
Our launch fundraiser is currently ongoing.

Beginning January 1, 2018

Until we reach our 2018 budget goal, BTRIC’s BFD Token fundraiser is in progress. Donors receive BFD Token in return for contributing to our launch.

BFD Token holders are our Founding Donors and are able to receive a free grant of BTRIC Coin, recognition on our website, and rewards from each project that completes the Innovations Incubator program.

V
We will be building our team and capabilities.

On or before March 31, 2018

Our core team will be assembled, operational infrastructure placed in service, and work on our Innovations Incubator projects begins.

We will also be forming and announcing partner relationships with businesses and organizations in the emerging technology industry.

V
We will be launching "BTRIC Coin", rewarding BFD Token holders, and beginning our other initiatives.

On or before June 30, 2018

We will be launching “BTRIC Coin” cryptocurrency or token, beginning our BTRIC Institute and BTRIC Labs initiatives, and will launch “Bitcoin for Good”.

BFD Token holders will be eligible for a free grant of “BTRIC Coin” when it is launched.

V
We did it!

By August 30, 2018

The statistical survey for interest in chartering “Cryptocurrency Federal Credit Union” will be completed, and progress will begin on Phase 2 if there is sufficient interest from the industry.

BTRIC will be fully operational, with our unique governance structure and an expanded Board of Trustees in place.

Become a BFD (BTRIC Founding Donor) Right Now!

BTRIC Founding Donor (BFD) Token

BTRIC FOUNDING DONOR TOKEN (BFD) TECHNICAL SPECIFICATIONS
Token nameBTRIC Founding Donor Token
Token symbolBFD
Fundraising beginsJanuary 1, 2018
Token use
  • Represents monetary or cryptocurrency asset donation to BTRIC as a Founding Donor.
  • Holders of BFD Tokens will be granted “BTRIC Coin” token or currency when issued.
  • As each project completes the our Innovations Incubator program, all holders of BFD Tokens will be provided some reward from the new startup business.
Token type
  • ERC20 smart contract deployed on the Ethereum blockchain.
  • The BFD token supports eight (8) decimal places.
Compiler versionv0.4.18+commit.9cf6e910
Tokens generated500,000 (fixed amount)
Date of token generationNovember 28, 2017
Cost of token generation$8.38 USD (0.0191592 ETH)
  
Token details URLhttps://etherscan.io/token/0x117a4db782f29598d9627a57be5ed331f6aa446c
Contract address URLhttps://etherscan.io/address/0x117a4db782f29598d9627a57be5ed331f6aa446c
Token vault address URLhttps://etherscan.io/address/0xd4ff4eb15308ea72914d243a7b141a5ef1df40dd
  
Contract verifiedYes, on Etherscan.io.
GitHub contract repositoryhttps://github.com/btric/bfd-token
  
Token fundraising goal$500,000.00 USD
If the goal is achieved early?The BFD fundraiser will end early.
If the goal is not achieved?All remaining BFD will be distributed pro-rata.
Distribution scheduleToken distribution within 3 business days of donation.

More
details
about
BTRIC’s
BFD
Token
campaign

What are BFD Tokens?

BFD Tokens are “BTRIC Founding Donor Tokens”.  They are Ethereum ERC20 compliant tokens and are a gift given by BTRIC to those that contribute to our launch.  Those amazing people are our Founding Donors, and we recognize their contribution by giving them a token of our appreciation, in the form of BFD Tokens.

BFD Tokens were created especially for our launch fundraising event.  No additional BFD can be created, and all BFD will be distributed to Founding Donors at the end of the fundraising period.

People that hold BFD Tokens will be provided rewards from projects that complete the BTRIC Innovations Incubator program.  Every time a project completes the program, we will take a snapshot of all Ethereum addresses that, at that time, hold BFD Tokens and then we will coordinate a reward between the newly created business and BFD holders.  Because the laws are different all over the world, we can’t promise any specific reward for a given project, but know that each will be fully compliant with applicable laws and regulations specific to the jurisdiction of their founding.  Projects agree to this before entering our Innovations Incubator program.

What is the difference between BFD Tokens and "BTRIC Coin"?

Good question.  BFD Tokens are special tokens given out to those that participate in our launch fundraiser.  Some organizations give out mugs with their name on them, we give out BFD tokens.  No more BFD tokens will ever be created and they will not be available from BTRIC after March 31, 2018 (or sooner if we reach our fundraising goal early).

“BTRIC Coin” is the code name of a utility currency or token we will be developing in conjunction with crypto asset advisors after we launch.  The details of BTRIC Coin are presently not final.  Will it be mineable?  Will it be a cryptocurrency, with its own blockchain, or will it be a token on Ethereum or another platform?  Simply put, we don’t know these answers at this time.  We want to consult with crypto experts to make the best decision for our organization in consideration of our mission: emerging technology business incubation and industry-wide advocacy, education, and research.

What we do know is that when BTRIC Coin launches later this year, all holders of BFD tokens will be given a grant of some BTRIC Coins.  This is part of the marketing effort for the coin or token.   We also know that as a fully transparent organization, the steps we take to decide about the specifications of BTRIC Coin will be done in the open, and we invite participation from the industry and anyone else interested.

Are BFD Tokens mined?

No.  BFD Tokens were created on November 28, 2017 by publishing a ERC20 smart contract to the Ethereum mainnet.  This is the token details, this is the contract address, and this is the token vault address, all on Etherscan.io.  Here’s our GitHub repository with the smart contract source code.

How many BFD Tokens exist?

Five hundred thousand (500,000) BFD have been minted.  It is impossible to create more BFD, and 100% of BFD will be distributed to Founding Donors at the end of the fundraiser.

Are BFD Tokens able to be traded or transferred?

Of course.  Once we give you BFD Tokens, they’re yours.  You can trade them with other parties if you choose.

When will the BFD launch fundraiser be closed?

The BTRIC Founding Donor fundraising campaign will end when we reach our fundraising target of $500,000 USD.  All 500,000 BFD tokens will then be distributed to our Founding Donors.  BTRIC keeps none.  Our Founding Trustees don’t get any either.  They’re just for Founding Donors.

What if I have more questions?

If you have more questions about our launch fundraiser or the BFD Tokens, you can check out our launch white paper, reach out on Twitter or Telegram (or any of our other social media profiles), or just fill out our trusty contact form.  We will get back to you as soon as possible!

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