Categories: Press Releases

MyBit Releases P2P Investment Platform Demo Prior to Tokensale

MyBit releases a demo of their peer to peer investment platform, set forth to tokenize any automatable or machine infrastructure in an effort to commoditize the AI economy. The demo is being released prior to their Tokensale

Zug, Switzerland, July 18th. The Mybit foundation is deeply excited to showcase a new demo of their peer-to-peer investment platform, prior to their upcoming Tokensale. The demo can be found HERE

The MyBit platform connects investors from around the world with businesses and individuals seeking to fund revenue generating assets. Fast, convenient, secure peer-to-peer (P2P) transactions governed by smart contracts running on Ethereum.  For individuals and businesses who wish to obtain revenue generating assets but face financial or geographical restraints, MyBit unleashes a world of opportunities through cost-effective access to global capital.

With the forthcoming increase in electricity demand resulting from the proliferation of Artificial Intelligence in the areas of transportation and robotics, the Internet of Things, and growth in emerging markets, utility companies are exploring ways to scale the production of electricity outside their high cost traditional power generation facilities. Microgrids — small, decentralized solar energy production units — are a key component of their solution strategy.

Given there is no platform to securely connect small investors and individuals who wish to participate in the creation of microgrids (revenue generating assets) and sell the power production to the utility companies, the masses are left on the sidelines.

According to Founder, Ian Worrall , “Enabling worldwide crowdfunding of revenue generating assets will be a game changer for everyone — eliminating financial barriers to entry, enabling new business models, accessing previously untapped capital from the many and providing an extremely low cost, paperless and efficient capital market for the masses.”

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Mr. Worrall continued, “The use cases are limitless, ranging from solar energy micro-grids to rental equipment to autonomous machinery and vehicles. Any asset whose usage can be automatically monitored is a potential use case. The proliferation of microprocessors in everyday items (think IoT) will enable the explosion of revenue generating assets and the explosion of growth of the MyBit platform.”

About MyBit.io

MyBit connects investors from around the world with businesses and individuals seeking to fund revenue generating assets like microgrids. The MyBit platform gives investors security on their investment, while landowners get access to investors willing to help in exchange for profit. By standardizing and automating setup, sales, and dividends, Mybit takes us step closer to an equitable economy.

To learn more about contributing during the MyBit TokenSale you can review the official blog post HERE and register on https://mybit.io. @Mybit_DApp

Disclaimer: This is a sponsored post and does not necessarily reflect the opinions of any The Merkle employees. This is not investment or trading advice, always do your own independent research.

Mark Arguinbaev

I'm a 28 year old cryptocurrency entrepreneur. I was introduced to Bitcoin in 2013 and have been involved with it ever since. Fun Fact: I mined cryptocurrency using my college dorm room's free electricity.

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Mark Arguinbaev
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