[Reserved for updates.]

This is quite ambitious. The goal to upend violent and brutal power structures is a noble one, but also risks dissolving nation-states and modern countries as we know them. It will happen eventually and blockchain technology is just one piece of that equation. I will watch this project.

Thank you!  It's not all going to happen at once, but you're right, it will happen eventually.  The end of nations is not our objective, but we do want them to be more fair, more open, more honest, and promote businesses and projects that can (and are) fundamentally change society.

BTRIC's mission is to focus on specific projects as an incubator and then, when they're ready, to launch them as separate businesses.  At the same time, as a non-profit, we can focus on advocacy and other initiatives that really can advance the ecosystem as a whole.

Have a great day!
Ben

The main reason we are focused on a fundraising target of $500,000 is because that's what we budget we'll need (and a prudent reserve) to get us through calendar year 2018 and focus on our mission.  We do not want to try to raise more than we need.  We accept donations at any time, of course, but we are limiting our BTRIC Founding Donor fundraising campaign to 500,000 tokens.  Only those donors that participate in this campaign will be able to be recognized as BFD's (on our website if they choose as a Founding Donor).  Check out our white paper for more details on that.

One of the challenges where we we're focusing on making a difference is in increasing the quality of projects that emerge as investment offerings.  We've all seen too many ICO/ITOs that either cut/pasted their white paper or ran off with the money.  The projects that we incubate will be put together like top-shelf businesses during our incubation program.

added to my watchlist!

this project is very confident with the concept, this is great for further development, with ambition big enough, of course must finish mission well, I think will not disappoint, good luck

Hello SeveralQ, thanks for adding our organization to your website.  Considering your site is for due diligence, would it be appropriate for us to add material to the page?  Or should it come from other members in the community?

In any event, if you need any information about our organization, please feel ffree to reach out on here or by email to me directly at benjamin.beideman@btric.org.

Please have a great day!

Best regards,
Ben

After the fundraising, which exchange platform will be prepared?That is the most important thing for investors.

This looks like a good project. went through this thread and I have to admit it is well detailed and describes very well the fundraising and distribution process

Hi Mlester,

Thank you for your interest in our organization!

Currently our BFD Token IDO fundraising campaign is in progress, so the full supply of BFD Tokens are stored in a secure paper wallet in our custody.  After the sale concludes (which may be sooner than February 15 at the current rate of contributions), we will distribute all of the BFD to those that contributed.  Our white paper says within 10 days from the close of the IDO, but it will very likely be done on or before February 19, which is the Monday after the IDO ends.

We are working with EtherDelta to ensure that our donors are able to exchange BFD tokens after they are distributed.  We are open to suggestions from our donors on other exchanges to ensure that donors are able to exchange their tokens easily.  Some of this cannot be announced in advance due to NDAs that they require.  But on our side, at BTRIC, we will do whatever we can to ensure that the token is listed on global exchanges as well as regional exchanges if there is sufficient donor interest in that region.

Now, an important factor to keep in mind is that all that hold BFD Tokens will be given a grant of "BTRIC Coin" (working name), which will be either a different token or a cryptocurrency, when it launches in the second quarter of 2018.  This is different from BFD (BTRIC Founding Donor) Tokens, and we are not sure yet which platform it will be issued on (if a token), or which codebase it will be forked from (if a cryptocurrency).  We are going to consult with crypto engineers on the mechanics of the BTRIC Coin, we want to make the right design decisions for a secure and resilient token or currency.

However, to repeat, all BFD Token holders will be given a grant of the BTRIC Coin when that launches.  This will not be an exchange, you'll be able to keep your BFD Token.  We want to reward our Founding Donors for supporting our organization in its initial launch phase.  Besides the BFD Token, founding donors can also have their name/business name, logo, and website forever listed on our website and recognized in our materials as founding donors.  We are in this for the long-term, and want our Founding Donors to be recognized as the leaders of the industry in bringing about this organization.

We also welcome participation from our donors and the community at large in our projects and even in our governance.  Our mission for BTRIC is to create an organization that:

- helps promising projects become investment-ready businesses (BTRIC Project Incubator Program);
- advances causes that are for the common good of the emerging technology industry (such as advocating against regulations that would harm the industry, educational outreach, and promoting more women and diversity in projects and as users of crypto and other emerging technologies);
- researches solutions to problems faced across the field (BTRIC Labs).

As a non-profit charity, we are formed for the good of the entire ecosystem.  Our projects graduate from the incubator program and become separate businesses.  We see it as a way to take a project from a "great idea, let's make it happen" phase to the "investment-grade, ready to launch" phase.  Like a traditional business incubator, but focused on emerging technologies like cryptocurrency, distributed ledger, and IoT.  These are the technologies that are going to reshape society, we want to do our part to make that happen!

If you have any more questions, please don't hesitate to ask.

Best regards,
Ben