Bitsdaq (BQQQ) Exchange - Rating and Details of Bitsdaq ICO (Token Sale) - Rating: Gamble

Bitsdaq is a secure, reliable, and advanced platform for digital assets that operates in Asia. Designed from Bittrex’s cutting-edge technology, Bitsdaq provides an opportunity for users who would like to access a wider section of cryptocurrency on a secure and reliable platform. The platform is currently undergoing a multi-week evaluation to ensure it caters well for the needs of international customers.

Key Features & Highlights

  • Seamless integration with BITTREX
    • Lack of liquidity within an exchange could potentially lead to severe gap between the bid and ask price or large spread. Bitsdaq utilizes the Joint-Order-Book system with BITTREX International, in order to provide the maximum liquidity and lowest price volatility when executing trade orders for its clients.
  • Cyber and crypto security
    • As of February 2019, there were over 30 severe security breach incidents recorded from crypto operators around the world, resulted in losses of crypto assets valued at over billions of dollars.
    • At Bitsdaq, we utilize numbers of top security measures to avoid any possible security breach, including:
      • 2FA technology to avoid loss of username and password for all security related actions.
      • Platform wallet keys are distributed after being fragmentized into smaller parts and each will be stored in different location with at least three layers of encryption.
      • DDos protection using CloudFlare and DOS protection using Throtting /Rate Limiting.
      • Data sanitization middleware for avoiding SQL injections
      • Protection against XSS and CSRF attacks
  • World class customer support
    • Bitsdaq provides top-tier support to its client around the world with live chat functionalities powered by Zendesk (www.zendesk.com) in different languages. We aim to take every single enquiry seriously, and hope to provide the best user experience to our clients.
  • Comprehensive AML and KYC policies and procedures
    • We adopt the strictest AML and KYC policies with reference to those adopted by BITTREX, and utilize the most edge-cutting facial recognition technology supported by JUMIO (www.jumio.com) when verifying identity of every single customers.
  • Cross-platform Device Coverage
    • We will enhance our coverage on various devices and operating platforms, including:
      • Web-based trading client
      • Android native client
      • iOS native client (pending App Store Review)
      • Mobile HTML5 client (including WeChat H5 client)
      • PC (Windows) native client
      • REST API
  • Multilingual Operation Support
    • We support English, Traditional Chinese, Simplified Chinese, Japanese, on all of our user interfaces. (Initial release will support English and Chinese only.) More languages will be added later.

Token Allocation

"Bitsdaq IEO","Private Sale","Marketing, Ecosystem","System, R&D, Expansion","Capital & Reserve","Legal, Compliance","Team Members" {"name": "Bitsdaq IEO","value": 6.16},{"name": "Private Sale","value": 11.54},{"name": "Marketing, Ecosystem","value": 28.81},{"name": "System, R&D, Expansion","value": 24.69},{"name": "Capital & Reserve","value": 12.34},{"name": "Legal, Compliance","value": 8.23},{"name": "Team Members","value": 8.23}

Token Release Schedule

"Apr 2019","May 2019","Jun 2019","Jul 2019","Aug 2019","Sep 2019","Oct 2019","Nov 2019","Dec 2019","Jan 2020","Feb 2020","Mar 2020","Apr 2020","May 2020","Jun 2020","Jul 2020","Aug 2020","Sep 2020","Oct 2020","Nov 2020","Dec 2020","Jan 2021","Feb 2021","Mar 2021","Apr 2021","May 2021","Jun 2021","Jul 2021","Aug 2021","Sep 2021","Oct 2021","Nov 2021","Dec 2021","Jan 2022","Feb 2022","Mar 2022","Apr 2022","May 2022","Jun 2022","Jul 2022","Aug 2022","Sep 2022","Oct 2022","Nov 2022","Dec 2022" {"name": "Bitsdaq IEO", "icon": "roundRect"},{"name": "Private Sale", "icon": "roundRect"},{"name": "Marketing, Ecosystem", "icon": "roundRect"},{"name": "System, R&D, Expansion", "icon": "roundRect"},{"name": "Capital & Reserve", "icon": "roundRect"},{"name": "Legal, Compliance", "icon": "roundRect"},{"name": "Team Members", "icon": "roundRect"} {"data": [6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16, 6.16],"name": "Bitsdaq IEO", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [5.77, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54, 11.54],"name": "Private Sale", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [0.00, 10.08, 10.08, 10.08, 10.08, 10.08, 10.08, 10.08, 10.08, 15.84, 15.84, 15.84, 15.84, 15.84, 15.84, 15.84, 15.84, 15.84, 15.84, 15.84, 15.84, 21.60, 21.60, 21.60, 21.60, 21.60, 21.60, 21.60, 21.60, 21.60, 21.60, 21.60, 21.60, 28.81, 28.81, 28.81, 28.81, 28.81, 28.81, 28.81, 28.81, 28.81, 28.81, 28.81, 28.81],"name": "Marketing, Ecosystem", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [0.00, 8.64, 8.64, 8.64, 8.64, 8.64, 8.64, 8.64, 8.64, 13.58, 13.58, 13.58, 13.58, 13.58, 13.58, 13.58, 13.58, 13.58, 13.58, 13.58, 13.58, 18.52, 18.52, 18.52, 18.52, 18.52, 18.52, 18.52, 18.52, 18.52, 18.52, 18.52, 18.52, 24.69, 24.69, 24.69, 24.69, 24.69, 24.69, 24.69, 24.69, 24.69, 24.69, 24.69, 24.69, 24.69],"name": "System, R&D, Expansion", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [0.00, 4.32, 4.32, 4.32, 4.32, 4.32, 4.32, 4.32, 4.32, 6.79, 6.79, 6.79, 6.79, 6.79, 6.79, 6.79, 6.79, 6.79, 6.79, 6.79, 6.79, 9.26, 9.26, 9.26, 9.26, 9.26, 9.26, 9.26, 9.26, 9.26, 9.26, 9.26, 9.26, 12.34, 12.34, 12.34, 12.34, 12.34, 12.34, 12.34, 12.34, 12.34, 12.34, 12.34, 12.34, 12.34],"name": "Capital & Reserve", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [0.00, 2.88, 2.88, 2.88, 2.88, 2.88, 2.88, 2.88, 2.88, 4.53, 4.53, 4.53, 4.53, 4.53, 4.53, 4.53, 4.53, 4.53, 4.53, 4.53, 4.53, 6.18, 6.18, 6.18, 6.18, 6.18, 6.18, 6.18, 6.18, 6.18, 6.18, 6.18, 6.18, 8.23, 8.23, 8.23, 8.23, 8.23, 8.23, 8.23, 8.23, 8.23, 8.23, 8.23, 8.23, 8.23],"name": "Legal, Compliance", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}},{"data": [0.00, 2.88, 2.88, 2.88, 2.88, 2.88, 2.88, 2.88, 2.88, 4.53, 4.53, 4.53, 4.53, 4.53, 4.53, 4.53, 4.53, 4.53, 4.53, 4.53, 4.53, 6.18, 6.18, 6.18, 6.18, 6.18, 6.18, 6.18, 6.18, 6.18, 6.18, 6.18, 6.18, 8.23, 8.23, 8.23, 8.23, 8.23, 8.23, 8.23, 8.23, 8.23, 8.23, 8.23, 8.23, 8.23],"name": "Team Members", "symbol": "circle", "type": "line", "stack": "Save", "areaStyle": {}}

Token Allocation & Release Note

  • Token for sale is 17.7% (private sale and Bitsdaq IEO) and the follow is allocation for token sales proceeds:
    • 40% R&D and Business Development
    • 35% Marketing and user acquisition
    • 25% Working capital and reserve
  • 82.3% is token reserve and the following is allocation for token reserve:
    • 35% Marketing, user acquisition, ecosystem and community building
    • 30% System upgrade, R&D, Team Expansion
    • 15% Working capital and reserve
    • 10% Legal, compliance and other professional services
    • 10% Distributed to team members
  • The reserve token will based on the situation to release yearly.
    • End of 1st anniversary
      • < 35% of the total supply
    • End of 2nd anniversary
      • < 55% of the total supply
    • End of 3rd anniversary
      • < 75% of the total supply
    • End of 4th anniversary
      • < 100% of the total supply

Token Use Cases

  • Trading commission: a standard 0.25%1 fee per trade will be applicable to buyers and sellers.
  • IEO platform service fees: service fees will be applied to all blockchain projects that are qualified and accepted to execute an IEO on Bitsdaq
  • BQQQ trading pairs: Bitsdaq will further generate trading fees income from our unique BQQQ trading pairs

Roadmap & Updates

  • Q1, Q2 2019 - Bitsdaq Exchange Launch
    • Bitsdaq has partnered with BITTREX (one of the top tier international exchange) to create a first ever Joint-Order-Book world-class exchange system. We are, on one hand, currently facilitating a vast number of market participants within BITTREX International network and, on the other hand, have been attracting professional traders and recreational users from Macau, Singapore, Canada and soon across the globe. With an enormous aggregated trading volume, we will be able to acquire more professional traders, institutional investors and crypto entrepreneurs into our ecosystem, and establish a solid foundation for our future development.
  • Q3, Q4 2019 - Bitsdaq IEO Platform Launch
    • Being a core member of a top tier crypto exchange network led by Bittrex International, Bitsdaq aims to provide an efficient, secured and transparent environment to facilitate the post-ICO development of outstanding crypto start-ups through building a second-to-none all- round IEO Exchange, and provide both up and down-stream support as well as services to unleash potentials of great blockchain projects. Through our relationship with our strategic partners within the network, we will undoubtedly be able to lower the barrier of token sales for crypto entrepreneurs.
  • Q1, Q2 2020 - Help on Globalization for listed projects
    • Through our international partnership network, Bitsdaq will be able to expand globally and provide truly international and borderless trading experience to our exchange users. Meanwhile, we will be able to facilitate top tier global professional traders into our exchange. We will further acquire international corporate clients and develop additional tailor-made solutions of tokenization and further consolidate the application of blockchain technology.

Team Members

  • Ricky Ng - Co-Founder and CEO - Ricky is the Chairman and founder of i-House.com & i-House Token (IHT), one of the first blockchain real estate cloud platform in the world. Prior to founding i- House, Ricky is also the co-founder of IClick Interactive (Nasdaq: ICLK), one of the largest digital advertising platforms in greater China area, achieving an annual GMV of over RMB 1 Billion. IClick completed its IPO with an initial market cap of over US$ 400 million.

  • Adam Cole Jacobs - Co-Founder and CSO - Adam has gained tremendous experience in the commercial real estate, finance and blockchain industries. He is a senior associate at CBRE currently and holds several senior strategic positions at few of the top blockchain industry leaders, including Hyperion Crypto Exchange, Decentral, and Spend.com. Adam is a special advisor to the co-founder of Ethereum, Anthony Di Iorio. He graduated with a degree in finance and psychology from Western University in Ontario.

  • Eric Dao - Co-Founder and CTO - Eric holds a Master’s degree from the University of Washington, and a Bachelor’s degree from California Polytechnic State University with 22 years of research and development experience in Microsoft in Seattle (USA). While at Microsoft, Eric was the Principle Engineering Manager, in charge of technical development work related to Microsoft Windows, Office, Exchange, Sharepoint, and Office365.

  • Penny Caesar Law - Chief Community Officer - Penny is the Co-founded BITWORK as one of the most monumental blockchain communities in Hong Kong. He is an active promoter and enthusiast of blockchain technology. Through BITWORK Community, he has successfully connected the blockchain communities around the world, including Singapore, US, Japan and Europe to achieve global network expansion - making significant contribution to the blockchain industry development.

  • Haley Chow - Head of business operations - Haley has over 7 years of PE/VC investment and cross-border M&A experience. He was the Assistant Vice President at the Chairman’s Office of the China UCF Group and also the Senior Manager of Cyberport Macro Fund. He has a Bachelor of Science degree in Management from the London School of Economics.

  • Sprina Wang - Marketing director - Sprina is a global token marketing expert, with solid proven track record. Sprina assisted HMS to raise as much as US$ 30 M USD in just less than18 minutes. Sprina is also the Global business Head of I-House, the global business Vice President of QFund., global marketing Vice President of WeCash. She has over 10 years’ experience in online marketing, product management and APP operation. She is also a marketing technical expert with oustanding capabilities utilizing platforms including Baidu SEM, Google SEM, Facebook Ads and page operation, data analysis, Google Play ASO.

  • Henry Yu - General legal counsel - Henry is the founding partner of L&Y LAW OFFICE and HENRY YU & ASSOCIATES. Henry has over 16 years of legal experience. Over recent years, he has been focusing on blockchain and cryptocurrency industry. Henry is a member of the Innotech Committee (a.k.a. the Technology Committee), he has also been appointed as: Hon. Legal Advisor to the Hong Kong Federation of Innovation and Invention; Hon. Legal Advisor to the Institute of Financial Technologists of Asia; and Hon. Legal Advisor to the GHM-Greater Bay Area TECHFIN Association.

  • Aaron Kim - General manager, Korea - Aaron is an experienced computer programmer with 7 years of experience working at SK C&C. He contributed much in the development of a vehicle parts management program for the Hanwha Duty Free (Incheon International Airport) system. He is also an essential contributor of the establishment and operation of a blockchain marketing company.

Partnership Overview

  • Bittrex is a secure, reliable and advanced digital asset trading platform developed for international customers and built on Bittrex’s cutting-edge technology. This international trading platform provides innovative tokens a more streamlined approach for being listed, while also providing instant trade execution, dependable digital wallets, and industry-leading security practices.

Social Media Links

Additional Links