Cryptor Trust just launched Blockchain Investor Bearer Token (BIB). The token operates on the Ethereum blockchain so it can never be censored or have any downtime.
The BIB Token is currently under distribution to the equity holders of Blockchain Investor (BI). The distribution complete the final phase of Cryptor Trust Equity Token Offering (ETO).
Description of Blockchain Investor Bearer Token
BIB Token is based on the new ERC223 which is a modification of the old ERC20 standard and will in practice function like bearer shares. ERC223 is compatible with ERC20.
Blockchain Investor Bearer Token, Ticker “BIB”, Total Supply 1000.000.000 BIB tokens, 4 Decimals.
Tokens allocation as follows: 150 million tokens to be distributed to equity holders in BI, and 850 millions tokens is hold passive in the contract for future issuing (capital increase / acquisition) against digital assets / currencies. Issuing of these passive shares is subject to approval by the token holders.
Investopedia description of bearer shares. An example of an old world company with share capital based on bearer shares Royal Philips.
BIB is planned to be listed on an Blockchain Asset Exchange in the 3rd quarter 2019.
BIB has a temporary logo, a silver “B”, as you can see on its social media profiles. We are considering a competition for a new logo and let the token owners choose a winner. The reward would be a bounty of BIB token.
The new ERC223 have approx. half the transaction cost of the old ERC20 standard and address the design mistakes (of ERC20).
ERC223 is created to be compatible with existing blockchain infrastructure, such as wallets like Mist, Parity, MyEtherWallet and MetaMask, and blockchain explorers such as Etherscan and Ethplorer. On top of offering the same level convenience as ERC20 tokens, it also offers its holders protection against losing tokens via accidental transaction to a wrong address.
Learn more about ERC223 main advantages compared to the old ERC20 standard.