Yes, we made a robot that trades according to our algorithm.
Over 9 months of trading period, we have managed to get 49% of ROI. refer below picture.
And yes, we can short sell if enabled it in the program.

Performance Report


Chart Analysis

 

Important Announcement — Bayan Token ICO to be extended by 90 days.



Dear Bayan Token Community,

After much suggestions from token holders and consultations with project advisors, we have decided that it is in the best interest of the project to extend the ICO by further 90 days commencing after initial end date on 27th of July 2018.

The ICO will be extended by 90 days after initial end date to have more time for better marketing & pursuing investments/partnerships.

As the market is gradually recovering from massive price decline that was experienced in Q2 2018 and investor confidence is slowly creeping in, we believe this extension in the current market uptrend will help us to achieve the aim of the ICO.

Our new ICO end date is 27th October, 2018, 23:59 UTC +8. The ICO price will remain the same at USD0.80 per BYT.

We would like to thank all of you for your understanding and support up until this point and beyond.

EXCLUSIVE: Former Australian gangster, Vince Focarelli, now the face of Islamic ICO - link

For many Australians Vince Focarelli became a household name as he rose to the top of Australia’s bikie gang underworld, now it appears he’s aiming to rise up in the world of cryptocurrency.

The gangster, turned devout Muslim, swears to have wiped his hands of the underworld.

Unable to return to Australia, he’s amassed a legion of fans in the Muslim world, particularly in Malaysia where he preaches the teachings of Islam and shares his story with school children in the hope of convincing them to turn to religion, not crime.

On face-value it’s a stunning turn-around for the once feared gang leader who survived four assassination attempts, including one in which his own son was killed during a shoot-out in South Australia.

Micky can now reveal his appeal in the Muslim world has landed him a job as an ambassador for the ICO of ‘Shariah-compliant’ utility token, Bayan Token.

The ICO is aiming to raise up to US$35m.

Speaking to Micky News, Bayan Token Chief Operating Officer, Adam Mustapha said Vince Focarelli has already brought in new investors.

“We invited Vince to join us and upon hearing about what is Bayan Token, its features and benefits, he straight away agreed as he is really convinced with Bayan Token’s potential,” said Mustapha.

Despite the former gangster’s chequered past and recent deportation from Australia, the COO believes Vince Focarelli is the ideal face for the ambitious project.

“We discovered about Vince’s journey to Islam and it strikes very well with Bayan Token’s story and vision.

“We hope his life’s experience will inspire people to be part of Bayan Token, since we are promoting ‘Good for Goodness’ concept, whereby when people invest in a Shariah-compliant product (GOOD), more benefits and blessings will come back to them (GOODNESS).

“Having Vince as our ambassador will definitely attract people to find out more about our products,” added Mustapha.

Bayan Token is the latest ICO to attempt to tap the trillion dollar Halal industry.

According to the White Paper there are varied plans as to what the ICO funds will be used for, including; establishing a network of Halal-Marts where the tokens can be used, developing a shariah-compliant artificial intelligence global equity trading platform and commercialising a new Halal health product that lowers cholesterol.

The organisation also claims, at the very least, Bayan Token holders will have access to a cloud server, giving users access to tools including private data storage of inventories, invoices, web server, email server, DNS server or any services hosted on a Linux platform.

The Bayan Token ICO was supposed to close on July 27, 2018, but Micky has been told it will now be extended until October 27, 2018.

Bayan Token has been rated 8.5!

We have scored a perfect 10 for 'Product' and another 10 for 'Team.' That really reflects our core strengths; Real Value & Real Growth!

Check it out at https://foundico.com/ico/bayan-token.html

Invest in Bayan Token today for your better tomorrow!

this is a very long project in my opinion. with ico sale time of about 3 months with target harchap $ 35 million is not too long? is there a goal for yourself why is it going on for so long? if this project can get a large partner I think I don't have to be long like that.

Join our Meetup to get updates on our latest events and get-together!

https://www.meetup.com/Bayan-Token-ICO/

The Bayan Token website is really nice. You guys did a good job with the design. I like the colors and the font type chosen really work well together.

Can Smart Contracts Change The World? - link

Smart contracts is a term used to describe an automated computer program that is capable of facilitating, executing and enforcing an agreement without human intervention. Smart contracts can help you exchange money, properties and anything of value without any or minimal conflicts.

Traditional Contracts

So what do we know about traditional contracts?

1. You need a legal representative

For one, you basically need a legal representative to write a contract between you and another party. Most of the contracts are written in legal language that is difficult to understand and parse through. Moreover, you need the legal representative to act as a witness and enforcer for your contract.

2. It’s a difficult process

Sometimes, the process can be time-consuming, as well as ambiguous. You may very well come out from the negotiations with no knowledge of what you’re agreeing to. Most of the time, people overlook the terms and conditions and just put their signature on the contract (which is legally binding, by the way!).

3. The legal consequences is not a walk in the park either

If the contract falls under dispute, both parties can experience negative effects. The process of resolving issues with contracts involve long waiting period and a lot of money. Often, both parties find that the resources wasted not worth the dispute in the first place.

Smart Contracts

So how can smart contracts improve traditional contracts?

1. Simple computer programming to replace enforcers
Behind the scenes, computer programmers help create smart contracts using contract development tools and programming code languages such as C++, Python, Go and Java. The code will define the rules and consequences in the same way that a traditional legal document could. It can include obligations, conditions, benefits and penalties in different circumstances. This code can then be self-executed using the same principle as verification of bitcoin transactions.

2. Easy to understand
Because all the complicated process happens behind the scenes, the surface of a smart contracts remain simple and relatively easy to understand. Think of it like an IF function in Excel, where a cell returns one value if a condition is true and another value if a condition is false.

3. Transparent and accurate
Smart contracts are less prone to manual errors and the process of execution virtually eliminates manipulation and noncompliance. Similar to bitcoin transactions, computer nodes in the network come to a consensus about the code execution. The network will record the execution of the contract and update the ledger, and monitor the compliance of the contract.

Smart Contracts Use Cases

A wide range of areas in various industries can benefit from using contracts and Deloitte have identifies several areas that can use smart contract in the picture below:


Smart contracts are still new that research into the technology is still ongoing. Several issues such as coding error or external circumstances can affect execution of smart contracts. Experts are trying their best to resolve these issues as fast as they can identify them. But just like how bitcoin has changes the process of transactions, there is no doubt that smart contracts will change the way we execute contracts.

So here’s to the future of smart contracts.

Author: Remei

Website: https://bayantoken.com
Whitepaper: https://bayantoken.com/whitepaper
Telegram: https://t.me/bayantokenBYT
Twitter: https://twitter.com/BYTtoken
Facebook: https://www.facebook.com/bayantoken/
Medium: https://medium.com/@bayantoken
Steemit: https://steemit.com/@bayantoken
Reddit: https://www.reddit.com/user/BayanToken
Discord: https://discord.gg/J9Mcskd
LinkedIn: https://www.linkedin.com/company/byttech/

Bayan Token: Shariah-Compliant Utility Crypto Token - link

If you’ve been keeping up with new and exciting ICOs in town, you’ve probably heard of Bayan Token. If you haven’t, worry not. You’re not too late and here’s your chance to find out more about Bayan Token. In fact, the author will try her best in shedding some light on this new project.

What is Bayan Token?

On the 28th June, BYT Technologies Pte Ltd announced the launching of Bayan Token crowdsale in a press release. According to the press release, BYT Technologies is a tech company incorporated in Singapore, and it is using Blockchain technology to enhance usability and create real value for its token holders, as well as the general population.

Based on the core concept of “Good for Goodness”, the team has created a token that is Shariah-compliant and committed in delivering goodness through redeemable value as well as their high-profiled projects. Bayan Token is a ERC20 token built on the Ethereum platform, and it utilises the smart contract function as a mechanism to ensure that token holders can redeem value instantly and automatically.



Each Bayan Token contains 16 hours’ worth of private cloud server space, where one cloud server is made up of 2 GHz of computing power, 1GB of memory, 5GB of SSD disk and 10GB bandwidth per month of data transfer.

What are the projects?

BYT Technologies Pte Ltd is planning numerous projects in the future, but there are three main projects that it will be focusing on. During the selection process, the Bayan Token team has carefully analysed the potential of each project and chosen three projects that are already operating in a small scale, indicating that the funds raised will be used to expand ongoing projects, not those at ideation stage. This is so that neither investors nor token holders are exposed to more risks than necessary if a project fails in the initial stage.

Shariah Compliant Artificial Intelligence-Equity Trader (AiET Z2 System)

I’m sure you’ve read articles on trading bots right? They are basically computer programs that analyse trends and automatically execute trades. Neat, huh? But this one’s better. The AiET Z2 system is based on Artificial Intelligence and it uses both fully automated and semi-automated strategies for executing trades.

According to their whitepaper, this system “provides the best investment and trading opportunities by streamlining the whole process of making investment decisions to produce more efficient, profitable trades”. You can read more about the system in their whitepaper, but what’s important is that the system has already been tested in the global stock exchange market, specifically NYSE and NASDAQ with fruitful success. With the funds raised from the ICO, the system will be further developed and is set to explore other markets, including cryptocurrency.

Development of Halal Mart Network

Did you know that although online stores are fast becoming favourites for shoppers, physical stores are still the go-to especially for daily needs such as groceries, fresh food and apparels? But what if you can have both worlds? That is what Bayan Token envision for its Halal Mart: the opening of at least 100 Halal Marts chain across not only Malaysia but also Singapore, Brunei and Indonesia within the next 3 years and also a platform that offers small and large vendors a chance to sell Hala products to a wide range of customers.

According to their whitepaper, “Malaysia’s position as one of the biggest Halal hubs is an attractive selling point to investors, small to medium retailers and most importantly, conscientious consumers”. This project is based on existing business model, Elzar Mart which has already been opened in several locations within Malaysia, and further expansion is planned under the flagship of Halal Mart with the funds raised during ICO. In the future, BYT token holders will be able to use their tokens to make purchases at selected Halal Marts across the country.

Commercialisation of Basella Alba Leaf Extract as Health Supplement

So we’ve already covered the financial as well as the retail industries, let’s move on to the health industry for the final project. First, some health lessons. What do you know about cardiovascular diseases? Did you know that one of the factors that increase the risk of cardiovascular diseases is high level of cholesterol, or hypercholesterolemia? And did you know that hypercholestrolemia affects 1 in 500 people in most countries? According to a study by the World Health Organization, hypercholesterolemia is estimated to cause 2.6 million deaths annually and 29.7 million disability-adjusted life years (DALYs) in the global population.

At the moment, the only available drug prescribed as a prevention for those with elevated risk of cardiovascular diseases is statin, which unfortunately cause some long-term side effects, including muscle and liver damage, rhabdomyolysis and acute renal failure. That is where Basella Alba comes in. The health supplement that will be developed based on a present study of the properties Basella Alba leaf extract is organic in nature and have been reported to possess beneficial effects in treating hypercholesterolemia and its related diseases.

It is definitely a groundbreaking project to get behind, and has a huge commercial potential not only locally, but also in the global health market. Not only that, Bayan Token holders will actually be investing in something that is beneficial for society and it brings us back to the principle of “good for goodness” that Bayan Token is promoting.

Why is Bayan Token different?

Did you see the purple banner right on top of their website? Of course. It reads ‘A Shariah-compliant Utilty Crypto Token’. Interestingly, this is what sets Bayan Token apart from its competitors. One important element contained in Bayan Token is it is backed by an asset that provides real value to its holders.

Why is this important?

Glad you asked. In Islam, every financial dealings must be based on real goods or assets that have intrinsic value. For example, Islam doesn’t see money as having its own intrinsic value; it is only ever acceptable as a medium of exchange. Similarly with cryptocurrency, on its own, it does not have any intrinsic value. Therefore, to solve this issue, Bayan Token is backed by an asset of real value and it is considered as ‘Mal Mutaqawwim’ or something that can be beneficial or of value according to Syara’.

Bayan Token has received accreditation as Shariah-compliant from Elzar Shariah Solutions Sdn Bhd, which act as a Shariah advisor for Bayan Token. According to the certificate, which you can accessed on their website, the structure of Bayan Token complies with the principles that is set within the Shariah law, which is represented by:

16 hours of benefits of cloud server
containing value that is accepted generally by cryptocurrency users and can be traded within the cryptocurrency market
the capacity of Bayan Token as a utility, where it can be used in exchange for goods available in stores under one of its projects
Who is behind Bayan Token?

I’m pretty sure this is a very very important question for most of you, and can even possibly a deal breaker. Allow me to shed some light on some of the people working behind the scenes of Bayan Token. If you look at their website, you’ll be able to see that the Bayan Team consists of people who are experts in numerous fields, including cryptocurrency, Shariah compliance, banking operations and compliance, blockchain and peer-to-peer technologies, payment processing, artificial intelligence, internet marketing and economics, market operations and biotechnology.

Dr. Zaharuddin Abd. Rahman, who is Chairman of BYT Technologies Pte Ltd is a name that is already renown within the local community. He is Managing Director of Elzar Group of Companies (Elzar Shariah Solutions Sdn Bhd, Elzar Resources Sdn Bhd, Elzar Trading Sdn Bhd and K-Fiqh Sdn Bhd) and has been an Assistant Professor at the Kulliyyah of Economics, International Islamic University Malaysia (IIUM) for more than 10 years. He also has a lot of experience in dealing with Shariah compliance, having been Shariah advisor to a number of institutions, including Bank Negara Malaysia, RHB Islamic Bank Ltd, OSK Investment Bank, Deutche Bank, Al-Rajhi Bank Malaysia, Standard Chartered Saadiq Bank, ACR ReTakaful Bahrain, BIMB Securities Sdn Bhd, BNP Paribas Bank amongst others.

Another interesting team member is their amabassador, Vince Focarelli. If you’ve been keeping abreast with the underworld (just kidding!), you would know that Vince was once a name that was feared in the community of South Australia. He was once the leader of the notorious gang ‘Comanchero’, but has now turned a new leaf and decided to contribute his time and energy for Islam, and in this case, through promoting Bayan Token.

What’s next for Bayan Token?

As you can see in the roadmap above, the three projects listed above is due to start in November 2018. At the same time, Bayan Token will go through testing for redemption from their cloud server. The team also expects Bayan Token to be listed in exchanges by the end of this year. 2019 will be the benchmark for official launching of Bayan Token projects to the public.

Bayan Token ICO

Bayan Token is now holding their ICO from the 27th June to 27th July 2018. Each token is offered at the price of USD0.80 and the minimum amount you can buy us 50 BYT or USD$40. To know more about Bayan Token, you can visit their website here: Bayan Token.

Good read!