TiBYK…What is it? Quick and Easy
Okay, so what is it?
It's a Digital Token.
Based on Blockchain technology
Hold up, come again?
Blockchain will be the future of secure systems to hold everything from your medical records to online payments.
Hmm, what's that got to do with TiBYK?
Everything but you don’t need to know it.
Cut to the chase, is TiBYK going to make me a millionaire?
Maybe, probably not. I can’t give financial advice.
Right, why does cycling need TiBYK?
Unlike other sports it's hard for cycling to create a fan base without a stadium or TV audience.
Yeah, I get that, how does TiBYK solve this?
TiBYK allows you to invest in the sport, to follow a team, to be emotionally involved.
Where does the money go that is raised?
The money will be used for a number of projects depending on the amount raised, these are outlined in the White paper and Roadmap on the website.
What's in it for me?
Once you have bought the TiBYK Tokens they are yours. Either hold onto them for a long term investment or sell them on the WAVES DEX exchange.
So it could make me money?
Maybe, this is the first project of its type and will take a little time to establish itself.
What projects will be supported with the TiBYK fund?
Supporting young and new riders into cycling, not just racing, supporting current Travers Bikes Team, developing new 3D Printed Frame Technology
How do I buy TiBYK Tokens?
Clicked on that link and…straight over my head!
It looks scary but basically. The easiest way to do it is. 1, Download the app Waves Wallet, 2, make an Account, 3, Buy some WAVES Currency with your Credit Card. 4, Send WAVES to this address: 3PNfocagHmudRw6Bf3qkvvsNLJttYff86pa
What are Waves?
Waves are a digital currency, a bit like Bitcoin
Once I bought the TiBYK Tokens are they worth anything?
Like anything, its worth what people are willing to pay, You can set the price at any level on the Exchange.
I think I am getting it, but what will make TiBYK worth more (or less) in the future.
TiBYK has a very limited supply, the more publicity TiBYK gets, the more people know about the project through articles and magazines, plus the publicity from WAVES, will create a demand.
WAVES publicity, why would they promote TiBYK?
TiBYK is run using Waves Platform, to promote their Exchange being available to the general public they held a competition to promote 50 Tokens.
TiBYK has got through to the final 50! We are just waiting for confirmation of promotion order?
Yeah, they are releasing details of a different project each week and they are currently deciding where we will fall on the list.
Now we are talking!
Yes, it's really exciting, every project they have backed so far has reached its maximum limit (Sold all its allocated shares).
But…I sense a but!
The promotion might happen after the ICO, either way it will be great for anyone involved as it will create a demand.
What’s an ICO?
Initial Coin Offering
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