- Abstract
- Established business
- Birdchain. The app that rewards
- Business prospects
- Token sale
- Exchanges
- Appendix
A team of the Birdchain is not a start-up. It is part of a parent company, named Vertex. Vertex is a profitable company with a team of experienced professionals, whose professionalism and skills were tested in action. The founding team has successfully co-launched several businesses.
Birdchain is a decentralized application (Dapp) similar to instant messenger. The big difference is Birdchain will allow its users to make a monthly passive income. Simultaneously, Birdchain will provide companies with higher quality and better-priced services: A2P SMS distribution, content engagement, personal data marketplace and others. The main goal of the Birdchain app is to create internal economics, where its users can earn, transfer (to exchanges), or spend their BIRD tokens, without leaving the app. Birdchain will be developed exclusively for Android devices.
All features of the Birdchain create strong BIRD token. It stands out with low initial cost and token flexibility as a unique currency with favourable viability.
The official app presentation is planned at the Mobile World Congress in Barcelona in 2019.
In short:
- Birdchain is DApp that rewards;
- The intelligent features system creates internal economics and allows people to earn and spend money on the app;
- Dapps are the future of the blockchain. Everyone at the moment invests in protocols, rather than actual applications. A comparison: whether to invest in HTML protocol or an Uber app?
Join the ICO with the potential of real adaptability!
The team behind Birdchain has been a part of the European-based company JSC “Vertex”. In 2009, Vertex started our A2P SMS aggregation business, called VertexSMS. Since then, VertexSMS has delivered more than 2.6 billion SMS messages globally for various international brands, including Western Union, MasterCard, SalesForce, TransferGo, and many others.
Vertex is a profitable company. In 2015, Vertex received an award for being the fastest growing ITT company in Lithuania. Vertex continued to grow in 2016. In 2012, Vertex was recognized as one of the fastest growing companies in Latvia.
In early 2015, Vertex was certified in information security management and received an ISO/IEC 27001 certificate. The certificate is adapted to all our businesses held in Vertex headquarters: dating sites, bulk SMS sending systems, and a rent-to-own company. Now, all these procedures are being applied to Birdchain.
The combined per country turnover and EBITDA of Vertex is growing every year.
| Turnover | EBITDA | |
|---|---|---|
| 2017* | 4-5M euro* | 20%* |
| 2016 | 3-4M euro | 19% |
| 2015 | 3-4M euro | 17% |
| 2014 | 2-3M euro | 18% |
| 2013 | 2-3M euro | 17% |
| 2012 | 2-3M euro | 16% |
Vertex owns several brands and VertexSMS is one of them. Company founders gathered Birdchain team members from other brands, meaning the members of the Birdchain team know each other well and have been working together for years. This decision eliminates possibilities of the team not being able to work together and creates a healthy, creative, and productive working atmosphere.
Birdchain team members are individuals with a set of unique experiences to make Birdchain fly. Most of them have experience working in a global A2P SMS market and share extended know-how about regulations, key players, technologies, and other aspects. Other team members are experts in marketing, business development, law, and software development.
The founding team has successfully co-launched several businesses:
Social network with more than 1 000 000 unique users (flirtas.lt, flirts.lv, flirtak.pl, teidi.ee, and others). This business allowed our team to design and test new ways of advertisement. It exposed several unique user experience patterns to us, which led to developing very efficient campaigns. We learned a lot about software and app development in the user communication field. We will adopt this knowledge to the Birdchain app and service.
In 2013, we invested in advanced microlaser manufacturer (integratedoptics.com). Today, we manufacture the smallest lasers in the world, and our company is considered one of the most promising Eastern European start-ups. We have more orders for our lasers than we can manufacture.
Retail. In 2013, we launched the first in the region rent-to-buy service (bekredito.lt).
Birdchain team is led by Ernestas Petkevicius, Audrius Vrubliauskas, Aurimas Sabaitis, Marius Petrauskas, Joao Martins, Arminas Keraitis, Tomas Vitkauskas, Simas Radkevicius, Kristina Mataciunaite, Martynas Rackauskas, Aiste Surutkoviciute, and Zygimantas Vanagas.
A founder of Fastr, a reading-training application development firm, and AssistUnion, which builds intelligent and performing web-enabled systems. Has been a team member of Civic as a contractor, senior software developer at C.T.Co and #Decent as a core developer. At the moment, he is a CEO of BlockVis, a company involved in organizing blockchain competence and education opportunities and structuring the blockchain market in Latvia and abroad.
7+ years of experience working in financial services & data providing business. He is a leading Relationship Manager within Standard & Poor’s – improving client relations and consulting Asset Managers in Northern Europe. Andrey is developing and cultivating strategic relationships, maintaining and developing existing business at CEO-Level. By helping customers develop their businesses using advanced analytics, standing up financial-data analytical tools, creating and maintaining financial models, and onboarding compelling new datasets – growth is always a top priority. The focus lies on Portfolio Analytics and Quantitative investment approach.
Rob Eijgenraam is an online marketing expert, founder of ICO Marketing company CryptoLeads.io, and a co-founder of Purple Minds. He is a speaker about cryptocurrency marketing and an organizer of crypto educational events. His passion for Bitcoin and Blockchain comes from a belief in open systems and a permissionless society and market place.
Birdchain is a decentralized app that will help people to make a passive income, while offering cheaper and better services to businesses. All the features and the demand for them are based on our work experience, insights, and knowledge.
The first version for commercial consumption will be complete in 6 months. After the ICO, it will receive money transfers and will be capable of earning income for the app holder. Our contributors can test the version first. We will consider their feedback and will improve our app and tune it in line with the recommendation for the perfect launching.
The first version of the application will hold an interface, enabling communication with friends and family, and a possibility to sell unused SMS and an opportunity to amass cryptocurrency from SMS messages. We will start with this feature because it has the highest potential of money earning initially. We have specialized in SMS delivery business for nearly ten years and hold a deep understanding of market specifics and SMS transmission technologies. Also, this will allow users to earn money from the first day.
The next step will be taking on the other features described in this WP, which will allow people to earn money: Content Engagement, Personal Data Marketplace, and 3rd party in-app mini games.
All methods of money earning will be based on the volunteering principle. App users can personally choose the means and amount of possible earnings.
We will officially present the app at the Mobile World Congress in Barcelona in 2019.
Our goal is to create a strong token that would be useful for our contributors and could circulate in the world easily. We believe circulation and spread of the token is the key to its value. The more people and companies that use our token, the more it would be used, the stronger it will be. Here are key points that make BIRD token stand out:
- Low initial cost. During the ICO, the BIRD will be sold at the lowest price to create a higher incentive for contributors.
- Token flexibility. When the BIRD value and demand increases, it can be fragmented into 18 decimals to serve market needs.
- Unique currency. Exclusively, BIRD tokens are used for purchasing Birdchain A2P service and rewarding Birdchain app users, ensuring the BIRD token has a real demand.
- Favorable viability. To have a sustainable business, it needs only 100 000 app installs. Each phone can sell about 100 SMS per day on a conservative approach.
- High desirability. Providing the possibility of an income to its users, the Birdchain App is highly appealing to the public. The more users that install the app, the more SMS flux it creates, meaning a faster BIRD rotation, demand, and appreciation.
- New features and higher BIRD circulation. We will drive demand and circulation of BIRDs with new Birdchain features and services.
- Embracing the competition. Our A2P SMS service will be appealing to all companies that look for lower SMS price and high-quality service.
- Detailed financial forecast. Check it out here: Finances
This is how BIRD token will circulate in the market. Please note that these schematics are simplified.
The main goal of Birdchain is to disrupt the A2P SMS market with blockchain technology to make it better, faster, more transparent, and fair-priced. However, we believe that, soon it will become obvious that Birdchain is much more than just a (r)evolutionary idea.
Birdchain will be the first (in the history of the world!) non-governmental initiative to create Global Basic Income.
Depending on a country and market activity, Birdchain app users should be able to earn 30-300 USD per month. This means Birdchain could create basic passive income for its users globally.
We see this feature as a huge marketing opportunity and a chance to stand out in the global market of messaging apps. However, Birdchain guarantees no revenue to Birdchain token holders or Birdchain app users.
An Application To Person (A2P) SMS is sent from an application — typically a web app — to a mobile subscriber. There are several types of the most popular A2P SMS:
- SMS notifications;
- SMS-based two-factor authentications;
- Automatic booking confirmations;
- One-time passwords;
- Loyalty programs and marketing messages.
Transactional SMS service is mostly used by social networks and companies to provide services of e-commerce and online retail, travel and transportation, financial services and payments, and gaming. Because of their effectiveness, promotional messages are sent by companies operating in almost all markets.
Some examples of a transactional SMSs:
- G-123456 is your verification code.
- Hair Salon appointment reminder: haircut tomorrow at 10:30AM with Charles. If you have questions, please call 0161 55.
You may wonder:
Why do Facebook, Microsoft, Google, Apple and many other high-tech companies want to send SMS? Why would anyone want to use technology from the ‘80s?
Here is why:
- SMS is platform-independent;
- SMS is network-independent;
- SMS is geographically independent;
- SMS is non-proprietary;
- SMS is app-independent (no need to have an app to communicate);
- SMS requires no data subscription (roaming scenarios for example);
- SMS is by far the most standardized messaging technology.
A2P SMS market is expected to grow by around 5% per year and reach $84 billion by 2024. The reasons for A2P growth:
- SMS is the most effective and the cheapest way to reach customers. 98 percent of people read an SMS within three minutes from receiving it, and SMS has the highest engagement rate compared to emails and OTT apps.
| User Count | SMS Cost | Email Cost | AdWords Remarketing* | |
|---|---|---|---|---|
| CPM** | 30$ | 15$ | 30$ | 52.5$ |
| True View | 98% | 22% | 80% | 60% |
| Real CPM*** | 31$ | 66$ | 37$ | 87.5$ |
- An increase in two-factor authentication and security via SMS. Today, personal data is transferred over the web more often than ever before. Seeking to add a security layer, two-factor authentication has become the go-to method for companies that aim to protect their users. Sending an SMS as an authentication has become very popular because customers usually have a mobile device on them at almost any moment.
- A 2-way authentication has a staggering 99.9% reachability rate across all mobile users, as long as the number provided is correct. It does not require an internet connection. Mobile bandwidth is enough to receive a two-factor authentication or marketing message.
- No need to install additional apps. SMS messages can be received and read on any mobile phone in any network, almost anywhere in the world.
In the ideal world, when a business wants to conduct an SMS marketing campaign, it must contact aggregators. Aggregators are companies that mediate between businesses that WANT to send SMS and operators that CAN send them.
In the real world, it is not that straightforward.
As an independent aggregator, we see market flaws as opportunities for Birdchain. Birdchain makes the path of SMS sending as straight as possible.
The problems:
- People have unlimited SMS plans which they do not use;
- Companies overpay for the A2P SMS service and are constantly looking for opportunities to decrease the price.
The solution:
- People can automatically sell their unused SMS to businesses via Birdchain instant messaging app. Companies get an up to 6 times cheaper service. People get paid for every single SMS sold.
End-users of the app who want to employ their unused SMSs and grant themselves monthly passive income should:
- Download a Birdchain instant messaging app:
- Set Birdchain as a default messaging app;
- Open settings:
- Set the number of SMS they want to be sold*;
- Click “Send”;
- Chat with your friends and family via Birdchain app, while SMS is automatically sold in the background;
- Check in-app wallet to track their earnings and number of messages sold.
For businesses looking for a fairly priced A2P SMS service:
- Before using the Birdchain service, the company must gather a list of phone numbers (contacts);
- The company must visit the Birdchain web-app and log in;
- The company must purchase BIRD tokens to send A2P SMSs;
- The company sets the campaign by taking these steps:
- uploading their contacts;
- writing the text of the SMS message;
- setting the maximum amount (bid) it wants to pay for the campaign;
- Birdchain analyses the phone numbers and finds the best way to conduct the campaign:
- sends SMSs only to the contacts in the same country;
- sends SMS only to the same carrier numbers;
- finds the best prices for the campaign;
- forms Smart Contracts between the business and every single Birdchain app user whose SMS will be purchased;
- Birdchain sends out the messages;
- Birdchain uses blockchain to verify the delivery of every single SMS;
- When delivery is confirmed and the conditions of the Smart Contract are fulfilled, company bid is equally distributed among all app users whose SMS were used to deliver the messages.
What Will Not Birdchain Do?
- Birdchain will not provide phone numbers to companies. Birdchain only facilitates the service;
- Birdchain will not use the Birdchain app user contact list;
- Birdchain will not allow service price to exceed 80 percent of the country’s average;
- Birdchain will not allow companies to send messages without clearly stating their name;
- Birdchain will not allow people who received a transactional or promotional message to contact the Birdchain app user for 72 hours after receiving it;
- Birdchain will not collect user’s personal data.
In 2015, the Application-to-person (A2P) SMS market was worth $57.3 billion and is forecasted to grow to $83 billion by 2024.
Until recent years, SMS marketing was considered fast, safe, and reliable. However, as the market grew, it was monopolized and got distorted. Most of the market is shared amongst a few key players.
Despite these A2P SMS market defects, the demand for this service is increasing every year. As a marketing channel, SMS has huge advantages: SMS has an open rate of 99%, and 90% of consumers read the SMS within the first three minutes of receipt. Also, it has flexibility to reach one or many customers, and it is the most convenient communication channel to the end user.
Will Birdchain send messages to my contact list? No. Birdchain will send SMS messages only to the numbers provided by the company. Businesses must collect their own contact database. Birdchain will only facilitate the A2P SMS distribution service.
How will operators react to your service? It is unlikely for operators to take any real action in the next three-four years. First, we assume SMS delivery is of low importance to them, as it generates relatively small profits. Second, we assume operators will not risk getting sued for privacy violation (reading private messages), and even if they won, the cost of victory would be too high. Third, if a Birdchain app user does not send more messages per day/month than they can send according to their operator’s Fair Usage Agreement, the operator will have no pretext to check what messages were sent from the phone.
How will Birdchain protect the privacy of a sender? Sender’s number will be visible to the person who receives SMS. At the moment, there is no way to avoid it. This might be a drawback for some potential app users so, from the earliest Birdchain versions, we will implement several security features:
First, we will not send transactional or promotional messages to Birdchain app user’s contact list. The message will be delivered from someone else's phone.
Second, the name of the sending company will be stated in the message text, so receiver would know who to contact if he/she wanted to cancel the subscription.
Third, for the first 72 hours after sending the promotional or transactional message, Birdchain app will block all incoming calls and messages from the specific number to which it will be sent, meaning the person who receives an SMS cannot contact the person whose phone was used to deliver it.
How much money will people be able to earn? The answer to this question strongly depends on the country and demand for the Birdchain service. Rough calculations suggest, under average conditions, a Birdchain app user in the USA could earn up to 150 USD per month. More or less the same amount could be earned in most parts of the world. Exceptions: in developing countries, earnings may be lower due to lower average A2P SMS service prices; under perfect conditions in Germany and Belgium (where A2P SMS prices are the highest in the world), monthly earnings could be higher. These are theoretical estimations and may be different after applying Birdchain in real life.
Please note that Birdchain does not guarantee any payments to its users.
One of the easiest ways for people to earn money will be involvement in content engagement. Foremost, we will develop the opportunity to receive BIRD Tokens for previewing the adverts. Later, we will install a live stream and provide other opportunities for content broadcast.
Video viewing For every video ad preview, users will get a reward for a certain number of tokens. To accomplish this, users ought to open a designated app section and preview the adverts. After the video preview, BIRD tokens would be automatically transferred to their account.
Companies can choose the amount they will pay for a video preview and indicate their target group demographics: location, age, gender, and other data. The company must only indicate the amount they want to assign (and transfer the sum as BIRD tokens), then choose the maximum payment for a single preview, the number of times the entry could be previewed by the same person, and the preview video ad duration required to merit earning the preview payment. The price of a single preview will be calculated. If the company's campaign budget is not expended, the remaining amount will return to the company's wallet.
Live stream At a later stage, we will enable users to create and broadcast content within the Birdchain app. The viewers can stream the content for free or after paying the number of BIRD tokens set by the content generating user. In both cases, viewers can additionally donate BIRD tokens if they like the content.
At the moment, the best example of such merit-based gaining would be the twitch.tv platform, where people share how they play games and are rewarded by other players/viewers. That is not the only adaptation of this feature. Users can share moments of their life, travel, or adventure.
This feature has the potential of becoming the main momentum of Bird token circulation. The team developing Birdchain has engaged in developing the social network with over 1 million unique users. The content engagement feature has proven to be very successful.
Experimenting with new opportunities for members to broadcast adverts, we have developed a system allowing granting rewards for users for previewing video ads. The results of user involvement were exceptionally good. Within a 6-month period since the feature launching, 80 percent of the online users were using it.
People aren't against viewing corporate advertisements multiple times, as long as they are getting at least a symbolical reward for that. The main users' request was to view more varied and diverse advertisements.
Coming soon
To create an internal economy and promote BIRD tokens' circulation, we must create a space where our app users could spend the earned tokens. A marketplace of in-app applications will be a space where users can install additional add-ons, increasing the efficiency of the Birdchain app and aiding them in creating the perfect IM application. However, the greatest potential we are seeing is in the growing mobile gaming market.
The Birdchain app will hold a marketplace where users can download the needed extension. It could be a work-friendly app (such as a calendar, work scheduler, or a calculator), or some uncomplicated games.
In the starting stages of the Birdchain app development, the Birdchain team will present several simple, yet engaging, games for users to spend their earned valuables. For example, we know from experience the slot machine game will be very successful.
We will create the SDK (software development kit) to third parties, so they could develop games and apps customizable to the Birdchain application. Those will be placed on a marketplace, and app users can find and select the most enchanting ones for them.
Birdchain app users will pay with BIRD tokens for the installed applications and games. Third parties can choose the preferred monetization method. We expect about 20 percent of the apps to be sold by the "pay and hold" principle, and the remaining will be charged by subscription.
Coming soon
Facebook, Google, Apple, and other companies collect and sell not only the demographic data of their users but also information about their hobbies and habits. And people get no benefits for providing this information. Birdchain Personal data marketplace reinstates the personal data processing to the people.
Important: Birdchain will not store any personal consumers' information and will not share it with other parties, except for the information necessary for providing Birdchain services and helping people to earn valuables.
This tool will work in two ways: it will allow companies to conduct surveys or to purchase their personal data directly. In the app settings, people can set whether they want additional earnings by participating in such surveys and by providing their personal information to third parties. The Birdchain app will require entering demographic information about the user.
Surveys
Based upon users' demographic information, the company will can offer users the opportunity to participate in surveys and be rewarded for participation. The remuneration amount will be set by the company.
We will notify the randomly selected user about the possibility to share their opinion and gain BIRD tokens. They will be provided with the company's information, the survey theme, and the remuneration amount for the answers. The user will be rewarded after completing the questionnaire.
Personal data This feature is more expensive than surveys, but companies can acquire considerably more valuable information.
Companies seeking to purchase Birdchain users' personal data will have to indicate the search target, sample size, the information they want to receive, and how much they will pay for personal data of a single user.
The Birdchain app will randomly select individuals from the list of users that meet the company's specified criteria. Users will be notified about the possibility of selling their personal data. They will be provided with the company’s information, the required data specificity, and the BIRD token remuneration. A person can confirm or reject the offer.
By confirming the offer, the person must input all the required personal information. For example, contact details, birthday, sex, place of residence, lifestyle, habits, income etc. A person will receive a reward immediately.
Tech giants, like Facebook and Google, dominate the global digital advertising market year after year. Google is likely to make $72.69 billion in ad revenues in 2017, while Facebook will make $33.76 billion. Together, that equates to a 46.4 percent share of advertisers' total global digital ad spend.
To become world leaders both companies had to bend our perception of privacy.
Google saves every user’s search history. As a large part of the search giant's business model is based around advertising, it must know their users. Google uses the advantage of storing personal data.
Facebook uses private personal data and advanced algorithms tracks users, even when they are not using Facebook because of their extensive surveillance network on sites that link to them.
Additionally, Facebook and Google (and other companies) collect and sell not only the users' demographic data but also information about their hobbies and habits. And people get no benefits for providing this invaluable information simply by agreeing with imposed privacy policies of such tech giants.
As Birdchain is based upon volunteering principle, users will decide how much of their personal information they are willing to relinquish. Birdchain will not store any personal consumers' information and will not share it with other parties, except for the information necessary for providing Birdchain services.
Essentially, Birdchain is disrupting the market by reinstating the control of personal data and other information back to the people.
Coming soon
| Strengths | Weaknesses |
|---|---|
| Almost 10 years of experience in A2P SMS market | Visible sender number |
| Profitable and successful company | |
| In-depth expertise of the market and business | |
| Team is gathered from different successful projects and share unique experiences | |
| Owning all required technologies for A2P SMS delivery | |
| Huge potential market - US$56 billion in 2015 | |
| Market is growing - 5 percent annually | |
| Direct access to potential clients - our current and previous clients | |
| Birdchain will introduce very competitive prices | |
| Passive income will accelerate mass adoption of Birdchain app | |
| Experience developing social/chat apps |
| Opportunities | Threats |
|---|---|
| Aggregators are interested in the lowest possible price of A2P SMS service | Competition with other IM apps |
| Aggregators have enormous SMS traffic | Competition after forking our service |
| Versatility of the SMS | |
| People are interested in getting additional income with little effort - it will | |
| accelerate adoption of Birdchain app | |
| Potential to grow in services | |
| Becoming global leader of decentralized A2P SMS delivery | |
| Growing interest in cryptocurrencies | |
| No direct competitors |
Token sale will be implemented in several steps:
- Closed pre-sale (2018.01.01-2018.01.18)
- Open pre-sale (starting 2018.01.18)
- Main ICO event (TBD)
Soft cap of the ICO - 1,500 ETH
Hard cap of the ICO - 10,500 ETH
- Maximum coin supply 580,263,158
- Total ICO distribution 441,000,000
- Team and founders 52,223,684
- Involving corporate contributors and other expenses 87,039,474
Birdchain token is NOT AN ASSET NOR A SECURITY. It is a utility token. Birdchain tokens do not represent or confer any ownership right or stake, share, security, or equivalent rights, or any right to receive dividends, other payments, intellectual property rights, or any other form of participation in or relating to the project described in this white paper and/or in Birdchain or any of its affiliates.
The Birdchain token holders are only entitled to use the A2P SMS distribution service as described in this document, if successfully developed, or to resell the tokens.
The BIRD token will be based on Ethereum, a blockchain-based computing platform. Ethereum allows smart contracts, distributed computer programs that can facilitate online contractual agreements in a cryptographically secure manner.
Smart contracts enable the existence of Birdchain token as a truly transparent and decentralized service. This technology also ensures Birdchain eliminates the need for intermediaries and having a central authority you must trust. Through smart contracts, the complex process of choosing peers, tracking delivery, and facilitating bidding/payment can be described in the contract, while running on the distributed Ethereum network and taking advantage of the blockchain features.
BIRDs are distributed and kept on the main Ethereum network. To optimize the transaction cost and performance, all micro transactions are processed off-chain, and only the final stakes are returned to the Ethereum network. We believe in the idea of keeping tokens on Ethereum and see it as a bank platform that is excellent for entering exchange markets.
Coming soon
Coming soon
No, Birdchain tokens are not and are not intended to be securities, financial instruments, or investment products of any kind.
For example, for the purposes of financial regulation in the European Union, a “security” is often defined with a reference to “transferable security” within the meaning of the EU Directive on markets in financial instruments (MiFID). According to MiFID, “transferable securities” means those classes of securities negotiable on the capital market, with an exception of instruments of payment, such as:
- shares in companies and other securities equivalent to shares in companies, partnerships or other entities, and depositary receipts regarding shares;
- bonds or other forms of securitized debt, including depositary receipts regarding such securities;
- any other securities giving the right to acquire or sell any such transferable securities or giving rise to a cash settlement determined by reference to transferable securities, currencies, interest rates or yields, commodities or other indices or measures.
BIRD does not qualify as “transferable security” for the above purposes.
BIRD, as a utility token, will only provide opportunity to access Birdchain services. The aim of the BIRD is to make it possible to exchange SMSs between the people wishing to access them and the people wishing to dispose extra SMSs.
The BIRD has a specific utility use case. It serves a crucial role in settlement-making with a potentially very large number of mobile phones on the Birdchain network by allowing a fast and open blockchain-based transaction protocol that would not be possible using fiat currency. If the BIRD was not based on blockchain technology, it would be similar to purchasing a ticket or any other document that proves the person may use a particular service.
In this white paper, references to “Birdchain”, “we”, “us” or “our” are to Birdchain OÜ, a company incorporated under the laws of Estonia with registry code 14362929, and references to “BIRD” or “Birdchain token” are to blockchain tokens created by Birdchain in connection with the project described in this white paper. Sometimes, the term “Birdchain” has been used to refer to the service proposed to be developed by us.
We will announce the date of BIRD sale and all related details on our official website: www.birdchain.io. The rights and obligations of the holders of BIRDS and Birdchain as the issuer will be governed by the terms and conditions of the Birdchain token, which will be available on the same website, and the Estonian law. Please carefully follow the instructions stated on the website to avoid being scammed. Birdchain tokens are not securities or any other form of investment in any jurisdiction. The sale of tokens should not be considered offering of securities or as investment advice, solicitation, or an endorsement of any kind. Any persons deciding to acquire Birdchain token must do this at its own risk and discretion following a thorough analysis of the risks associated.
Nothing in this whitepaper or in any other materials put forth by Birdchain or any other third person acting on behalf of Birdchain should be considered a guarantee that the proposed business ideas will be a success nor are there any guarantees the tokens could be sold. Specifically, no promises on the value of the token are made.
All forward looking statements presented in the whitepaper or in any other materials put forth by Birdchain or any other third person acting on behalf of Birdchain are subject to risks and uncertainty and the outcomes might differ from the forward looking statements made. Birdchain does not take any responsibility for updating any forward looking statements made, should any uncertainties materialize.
Any citizens and residents of and persons in Russia, China, Canada, or the United States of America (USA), Puerto Rico and the Virgin Islands, and any other USA possessions, or any countries where the sale of Birdchain tokens would constitute a public offering of securities or the sale of tokens would be restricted are prohibited from participating in the sales process of Birdchain tokens and from receiving the tokens. Representatives and individuals acting in the interests of legal entities registered in the referred jurisdictions are prohibited from participating in the sales process of Birdchain tokens and from receiving the tokens. Each potential acquirer of a Birdchain token must ensure itself that the acquisition, possession, and use of the Birdchain tokens comply with all applicable laws and regulations, including any requirements for the sale and acquisition of tokens applicable in the relevant jurisdiction.
Birdchain does not make and hereby disclaims, any representation, warranty, or undertaking in any form to any entity or person, including any representation, warranty, or undertaking in relation to the accuracy and completeness of any information set out in this whitepaper. Birdchain reserves the right to amend the white paper until the ICO starts.
We believe it is better to get listed in one major exchange than in a couple of small ones. It will be easier for both: our contributors and companies that will use our tokens to purchase Birdchain services. We will focus on getting BIRD token listed on some well-known exchanges. Our calculations are that token will be listed within a month after our ICO.
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