BCPT

BCPT

BlockMason Credit Protocol
$0.057487
-2.92%
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  • Market Cap
    $6,677,594
  • 24h Vol (Global)
    ฿160 ($1,269,212)
  • Circulating Supply
    116,158,667
  • Issue Date
    2017-10-18
  • Issue Price
    $0.200000
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Max SupplyCirculating SupplyIssue DateIssue PriceConsensus ProtocolExplorer
116,158,667116,158,6672017-10-18$0.200000POW1
etherscan.io
2
explorer.binance.org
Total SupplyCryptographic AlgorithmSource CodeWhite PaperWebsiteType
116,158,667Ethashhttps://github.com/blockmasonhttps://blockmason.ioTOKEN

The Blockmason Credit Protocol Token -- or “BCPT” -- is a utility token which is required to enable the recording of data through the Credit Protocol to the Ethereum blockchain. BCPT powers Blockmason's flagship products: LNDR and Link. LNDR is Venmo if it was built on the blockchain. Link is an API that let's you develop on any blockchain without any blockchain experience. How it works: At its most basic level, the Credit Protocol is a system for recording debts and credit between entities on the Ethereum blockchain. One entity sends a debt or credit request to another, and that user then confirms the debt or credit, which is recorded and stored within the Credit Protocol’s smart contract. BCPT is the token that provides recording capacity for this transaction. This simple interaction between entities enables a deceptively powerful and complex array of possible transactions when coupled with a secondary smart contract, known as a Use Case Authority Contract (“UCAC”). Each UCAC has its own set of rules about what types of debts it will record, when it will record them, and from whom it will accept them. For example, a UCAC may permit transactions from only certain certified users, allowing organizations to build private, decentralized apps (“DApps”) that track debts. These DApps could be used for anything from tracking accounts receivable to developing private organizational currency, as is used on many college campuses. Each DApp that uses the Credit Protocol does so through functions that are included in the DApp’s UCAC. The Credit Protocol smart contract is responsible for registering UCACs and rate-limiting their issuances of credit based on how many BCPT they've been staked with. When a UCAC wants to record data on the blockchain, the Credit Protocol smart contract will verify that enough BCPT is staked to that UCAC to allow for the transaction to take place. If there are enough BCPT, the transaction will be approved. Once a UCAC commits data to the blockchain using staked BCPT, those BCPT are unavailable to be used for a short period of time. This ensures that DApps cannot simply flood the Credit Protocol and blockchain with information. DApps must be adequately staked with enough BCPT to ensure that their transactions can process. If not, they will be limited.

Teams
    Clayton Savage

    Clayton Savage

    Digital Marketing Specialist

    Clayton Savage has joined Blockmason as a digital marketing specialist. He has a lifelong passion for business, technology and human behavior. Before joining Blockmason, Clayton worked as a digital marketing specialist for the world's leading knowledge management solution provider. Clayton completed a four-year Business Management degree at the University of British Columbia. While at UBC he competed in national business competitions, lead as a Marketing Director for the Management Students Association and acted as the Sector Head of Technology and Telecommunication for the UBC Portfolio Management Group. He shares a strong belief in craftsmanship, artisanship and sweat equity that goes into achieving the vision of Blockmason's technology.

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    Harish Raisinghani

    Harish Raisinghani

    Business Development Manager

    Harish is a seasoned generalist having worked as a systems engineer, software developer, project manager, sales support and general manager for the cleantech startup Pulse Energy, which was acquired by Yardi Systems. He is passionate about blockchain technology and has experience investing in cryptocurrencies and building smart contracts and trading bots. Harish grew up and resides in Metro Vancouver and is an Engineering Physics graduate from the University of British Columbia. At Blockmason, Harish manages business development and operations in North America.

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    Tracy Zhou

    Tracy Zhou

    Operations and Marketing Manager - Asia

    Originally from Mainland China, Tracy currently resides in Hong Kong. A lifelong learner, Tracy holds a Master’s in Counseling Psychology from the University of Pennsylvania and a Master’s in Applied Economics from Hong Kong Baptist University. Tracy spent the first several years of her career in professional counseling before moving on to the banking industry. She has rich experience in product development, marketing, sales and digital banking project management. As a blockchain enthusiast, Tracy has abundant experience in cryptocurrency investment, mining and trading. At Blockmason, Tracy manages business development, marketing and operations across Asia.

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    Ethan Arutunian

    Ethan Arutunian

    Software Engineer

    Ethan Arutunian has been developing ground-breaking software and new technologies for over 25 years. His desire to solve challenging and disruptive computing problems through elegant UX has led to co-founding many successful startups including Redfin, Content Circles, Roadify, and Navocean. Originally from Palo Alto, Ethan has B.A.s in Computer Science and Physics and a M.S. in Electrical Engineering.

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    William Galebach

    William Galebach

    Software Engineer

    Will is a full-stack software engineer with a background in web and mobile apps and dapps, with a focus on user experience and scalability. He previously worked as a Senior Software Engineer at Farmers Insurance and as an intelligence officer in the Marines. Will is passionate about making blockchain technology accessible for both developers and consumers.

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    Ken Cornutt

    Ken Cornutt

    Director of Finance

    Hired in as CFO of multiple growing startups. Prior Delotte & Touche experience. CPA. Competitive chess enthusiast. Seattle native living in Los Angeles.

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    Erik MacKinnon

    Erik MacKinnon

    CMO

    Having launched and successfully exited his first startup during the original 'dot com boom', Erik is a seasoned entrepreneur with a passion for building technology companies that disrupt established markets. Before joining Blockmason, Erik served as paid media and digital strategy consultant to SAP, the world's premier enterprise software company. Prior to SAP, Erik was Chief Executive Officer of Gravytrain, a boutique content marketing and digital advertising agency he founded in 2012.

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    Devin Canterberry

    Devin Canterberry

    CTO

    Devin is a seasoned generalist with a deep background in applied cryptography. He is a steward of software craftsmanship and professionalism, applying sustainable and scalable practices to building libraries, applications, and teams. He has served as CTO for transportation services startup, Roadify; founder of Amused Pony Games (developer of Axes of Evil, the luxury zero-player RPG); Principal Software Engineer at Silent Circle (purveyor of encrypted communications); and Principal Software Engineer at Outreach.io (a scalable communications platform for sales teams). Devin hails from north Louisiana and graduated with a B.S. in Computer Science from the University of Louisiana at Monroe, before moving to Seattle in 2007. Now, Devin is building the next generation of blockchain technology with Blockmason, laying the foundation for a new era of massively distributed applications.

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    Michael Chin

    Michael Chin

    Co-Founder / Chairman & CEO

    Michael graduated magna cum laude from Washington University in St. Louis with degrees in finance and accounting. He has spent his entire career in the credit industry – beginning with J.P. Morgan’s principal mezzanine credit investment group in New York, then in JPM’s Debt Capital Markets and Syndicated Leveraged Finance group in Hong Kong. He later joined Intermediate Capital Group and subsequently served as Managing Director of Constance Capital originating and executing share-backed financing loans. He currently lives in Hong Kong.

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ICO
ICO Date
ICO Raised Date2017-10-07
ICO end date2017-10-07
ICO Supply Amount
ICO Token/Coin Supply33686013 BCPT
Hardcap15300000 USDT
Softcap- USDT
Supply Change
Total Supply Change Before ICO116158667 BCPT
Total Supply Change After ICO116158667 BCPT
ICO Amount
ICO price0.33557 USDT
Actual Fundraising15300000 USDT
AcceptingETH
Introduction

The Blockmason Credit Protocol Token -- or “BCPT” -- is a utility token which is required to enable the recording of data through the Credit Protocol to the Ethereum blockchain. BCPT powers Blockmason's flagship products: LNDR and Link. LNDR is Venmo if it was built on the blockchain. Link is an API that let's you develop on any blockchain without any blockchain experience. How it works: At its most basic level, the Credit Protocol is a system for recording debts and credit between entities on the Ethereum blockchain. One entity sends a debt or credit request to another, and that user then confirms the debt or credit, which is recorded and stored within the Credit Protocol’s smart contract. BCPT is the token that provides recording capacity for this transaction. This simple interaction between entities enables a deceptively powerful and complex array of possible transactions when coupled with a secondary smart contract, known as a Use Case Authority Contract (“UCAC”). Each UCAC has its own set of rules about what types of debts it will record, when it will record them, and from whom it will accept them. For example, a UCAC may permit transactions from only certain certified users, allowing organizations to build private, decentralized apps (“DApps”) that track debts. These DApps could be used for anything from tracking accounts receivable to developing private organizational currency, as is used on many college campuses. Each DApp that uses the Credit Protocol does so through functions that are included in the DApp’s UCAC. The Credit Protocol smart contract is responsible for registering UCACs and rate-limiting their issuances of credit based on how many BCPT they've been staked with. When a UCAC wants to record data on the blockchain, the Credit Protocol smart contract will verify that enough BCPT is staked to that UCAC to allow for the transaction to take place. If there are enough BCPT, the transaction will be approved. Once a UCAC commits data to the blockchain using staked BCPT, those BCPT are unavailable to be used for a short period of time. This ensures that DApps cannot simply flood the Credit Protocol and blockchain with information. DApps must be adequately staked with enough BCPT to ensure that their transactions can process. If not, they will be limited.

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