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About BayanToken(BYT)

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What problem does Bayan Token solve? (or: what human need does it satisfy?) and how exactly does it do so?

Bayan Token is a shariah-compliant ERC20 token built on the Ethereum Platform. A token represents the ownership of 16 hours of access benefits of Private Cloud Server. Each Server has 2 Ghz of computing power, 1GB of memory, 5 GB of SSD disk and 10GB bandwidth per month of data transfer.

Proceeds from the BYT ICO will be used to fund several projects that will ensure growth and momentum of BYT. And more importantly, these projects already exist and are not merely fictional, lofty ideas or at ideation stages.

1. Development of a sophisticated Shariah compliant Artificial Intelligent-Equity Trader for Global Exchanges. Currently, the system is being completed and tested for the US Market and successful results have been obtained.

2. Expansion of 100 to 1,000 stores of Halal Grocery Mini Marts across Malaysia and South-East Asia region

3. Production and commercialisation of the cholesterol-reducing Basella Alba leaf extract as a health supplement.

How is the idea monetized? How do the token holders profit?

Beyond its utility factor, the Token is also backed by real-life, profitable projects that will not only support the whole ecosystem but also deliver impact for society as a whole – essentially bringing goodness to BYT holders and communities in ways beyond pure financial returns.

Team

BayanToken's team members.

Dr. Zaharuddin Abd Rahman

Dr. Zaharuddin Abd Rahman

CEO/Founder

Linkedin
Nazimuddin Nazaruddin

Nazimuddin Nazaruddin

Chief Executive Officer

Linkedin
Ameerul Zafeeq Hizamuddin

Ameerul Zafeeq Hizamuddin

Chief Financial Officer

Linkedin

Roadmap


 
January 2018 — April 2018 Conceptualization. Formation of the Founders' team and Advisors. Incorporation of the relevant company. MOU agreement with relevant parties. Shortlisting purchasers. Blockchain, token creation and the relevant ecosystem preparation started. Development of website and exchange.
May 2018 — October 2018 Pre-ICO fund raising. Beta version of the platform released. KYC module integration. Demo version of Ai-Equity Trader released. Crypto intelligent portal is ready to be released. Front end and back —end development tested and perfected. • Public ICO started — 27th JUNE to 27th OCTOBER 2018 API testing with cloud provider. Liquidity aggregator setup. Data-utilise system tracking testing.
November 2018 — March 2019 Expansion of the team and human capital. Testing of token redemption with cloud provider. Exchange listing of BYT. Road show and extensive marketing. Improvisation of Ai-Equity Trader started

 

April 2019 — August 2019 Risk Management and reporting system integration. Platform improvement and mobile apps. External Integrity audit. Extending Partnerships for 2nd Year projects. Global exchanges integration to the Ai-Equity Trader Z2 system. Distribution of privileges and entitlements to the Token Holders.

Quick notes

Tokenomics

Token Info

Available tokens: 89% Price: USD $0.80 Soft Cap: USD $10,000,000 Hard Cap: USD $35,000,000 Buy with: BTC, BCH, DASH, ETH, LTC, XRP Platform: Ethereum Location: Singapore Restricted: USA, RSA

Other Info

MVP/Prototype: Yes Escrow: No Category: Financial Services

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What problem does Bayan Token solve? (or: what human need does it satisfy?) and how exactly does it do so?

Bayan Token is a shariah-compliant ERC20 token built on the Ethereum Platform. A token represents the ownership of 16 hours of access benefits of Private Cloud Server. Each Server has 2 Ghz of computing power, 1GB of memory, 5 GB of SSD disk and 10GB bandwidth per month of data transfer.

Proceeds from the BYT ICO will be used to fund several projects that will ensure growth and momentum of BYT. And more importantly, these projects already exist and are not merely fictional, lofty ideas or at ideation stages.

1. Development of a sophisticated Shariah compliant Artificial Intelligent-Equity Trader for Global Exchanges. Currently, the system is being completed and tested for the US Market and successful results have been obtained.

2. Expansion of 100 to 1,000 stores of Halal Grocery Mini Marts across Malaysia and South-East Asia region

3. Production and commercialisation of the cholesterol-reducing Basella Alba leaf extract as a health supplement.

How is the idea monetized? How do the token holders profit?

Beyond its utility factor, the Token is also backed by real-life, profitable projects that will not only support the whole ecosystem but also deliver impact for society as a whole – essentially bringing goodness to BYT holders and communities in ways beyond pure financial returns.

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