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BotBird – Your cryptocurrency investment partner for modern trading!

Laira Rebecca

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BotBird- Your cryptocurrency investment partner for modern trading!
Source: BotBird

While the blockchain and cryptocurrency market is on a mission to conquer every need of mankind through the power of technology, the necessity of having a highly secure and completely reliable platform to trade money is on demand.

BotBird is an inventor bringing together various aspects of blockchain to a single platform exclusively to meet the everyday needs of all traders. The BotBird team functions all over the world in different countries such as Japan, Germany, Sri Lanka, Italy, Russia and many more.

They are a group of innovative and highly efficient developers and tech leaders who are experienced in the field of blockchain development. The team is completely dedicated to serving all the cryptocurrency enthusiasts to take their trading to the next level through BotBird. After their intense research and development, the team is looking forward to launching this remarkable system to the cryptocurrency world.

BotBird provides three main services for its users namely, Escrow Lending, P2P Exchange, and P2P Loans.

Escrow Lending

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The BotBird team has invented a brand new convention of how the traditional Escrow Lending can be delivered to its users. It has made the lending system totally risk free with 100 percent protection. All the investors are allowed to withdraw their assets at any point in time. BotBird does not hold your money at all.

It is also responsible for protecting its investors by associating with a trusted third-party team who holds the exact same amount as the customers who invest in the Lending Program. The investment payback is guaranteed after each Escrow Lending round.

During the Escrow Lending round, a 10% interest will be credited every 30 days to the BotBird wallet of the investor. The team is aiming to make the system sustainable by introducing the monthly interest program.

P2P Exchange

BotBird stands out in executing their exchange platform by building it as an absolute Peer-to-Peer system by connecting it to the high-end blockchain technology. They make sure that the traders get the best user-experience and one on one social trading using BotBird Tokens.

The P2P exchange platform is highly secure. The transactions will be done by using the BottB tokens as escrow. Only after the trade is completed, the escrow tokens will be released.

By making the registration process anonymous and less time consuming, the team has made the trading, even more, easier for its users.

Trading of any cryptocurrency can be done with the BotB members worldwide directly from wallet to wallet. BotB does not hold any cryptocurrency which belongs to the customer.

P2P Loans

BotBird is introducing Social Peer-to-Peer Lending Market where the community members can make use of their digital assets as collateral to get cash. This involves no risk and is equally benefited to both the borrowers and lenders. The main goal of BotBird is to connect the lenders and borrowers across the world through the P2P lending marketplace.

Borrowers have the facility to trade directly with the lenders without involving any middleman, just by producing their existing cryptocurrencies.

Lenders can earn up to 50 percent monthly interest while trading.

Initial Coin Offering [ICO]

BotBird has introduced its own cryptocurrency named BotB token which is built using the Ethereum ERC20 standard and smart contract code. The team has developed 40,000,000 tokens at present, out of which 20,800,000 will be allocated for circulation.

BotBird has started its Initial Coin Offering by launching an Early Bird ICO, Pre-sale ICO. They have also announced their next stages of ICO beginning mid-April.

They have also introduced many exciting ICO offers for every round which is highly beneficial for all the investors. Apart from this, there is an ICO referral program wherein the participants are offered 10% unlimited commission of their direct referral purchases.

The BotBird team has lot more exciting trading services and offers in store for its community in the coming years. BotBird has got a 24/7 online support system for all the users to resolve their queries instantly.

In line with the latest trend, BotBird like Binance and other major blockchain companies plan their move to change headquarters to Malta within the next 10 days.

To know more about BotBird, Click Here!



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Laira is a full-time writer at AMBCrypto. She is a Computer Science graduate and she has about 1-year experience in writing. Her enthusiasm and keen interest in developing her knowledge about blockchain and cryptocurrency led her to be a part of AMBCrypto. She currently does not hold any value in cryptocurrency or its projects.

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Bitcoin

‘Bitcoin [BTC] to hit $250,000 in four years’ – Says early internet investor Tim Draper

Ketaki Dixit

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'Bitcoin to Hit $250,000 in Four Years' - says early internet investor Tim Draper
Source: Public Domain Pictures

Tim Draper, the Founder of leading venture capital firms Draper Associates and DFJ, predicted in a recent debate that Bitcoin [BTC] could be worth $250,000 within four years.

He had earlier stated:

“In five years you are going to try to go buy coffee with fiat currency and they are going to laugh at you because you’re not using crypto.”

Draper also believes that there will be a point when people will no longer want fiat currency.

At an Intelligence Squared U.S. debate presented in partnership with Manhattan Institute’s Adam Smith Society, the early investor in Tesla, Hotmail, and Skype said that Bitcoin will be bigger than all his early investments combined.

He said:

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“This is bigger than the internet. It’s bigger than the Iron Age, the Renaissance. It’s bigger than the Industrial Revolution. This affects the entire world and it’s going to be affected in a faster and more prevalent way than you ever imagined.”

In a U.S. Marshals Service auction in 2014, Draper bought nearly 30,000 Bitcoin tokens and is still holding them, according to CNBC.

Gillian Tett, the Managing Editor Financial Times was the opposition in the debate. He discussed the risks involved in Bitcoin investment and how volatile it is. However, Draper responded saying that he was more secure in Bitcoin than in the money in Wells Fargo.

Patrick Byrne, the CEO of Overstock.com was in favor of bitcoin. He said:

“This has been hacked at more than anything in history and has never been defeated. Last I checked, banks get hacked too. And yeah, Bitcoin is used by unsavory characters. Last I checked, they used U.S. dollars too.”

In December 2017, Byrne had considered selling his business to fund his new blockchain venture and is now working on reorganizing it.

Jayden, a market enthusiast tweeted:

“I mean I’m optimistic about crypto but this guy actually thinks Bitcoin will take over physical / tangible money. It won’t.”

A crypto enthusiast replied:

“Why not? Everything is digital now so a digital transfer of wealth seems pretty reasonable and where we’re headed, it’s just hard to grasp because we have grown our whole lives with physical money.”

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Bitcoin

Finland’s tax department – 30 Million Euros in the hole as thousands of Bitcoin [BTC] traders owe taxes

Aman Swami

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Finland's tax department 30 Million Euros in the hole as thousands of Bitcoin[BTC] traders owe taxes
Source: Pixabay

Finland’s government has revealed the number of taxpayers who owe taxes from Bitcoin-related income. The country’s Tax Administration claims to have different ways to combine information and identify people who owe taxes from crypto profits, which are now well over ten times higher than last year.

A lot of Finns have not reported income to the country’s tax department from the sale of cryptocurrencies in previous years, Kauppalehti newspaper reported last week. This year, the profits made by Finns from cryptocurrencies were well over ten times higher than last year, the news outlet added.

Senior Adviser from the Tax Administration’s Corporate Taxation Unit, Timo Puiro, says:

“Most of the people have previously failed to report their bitcoin-related income, which we have found when we compare the information we collect to the tax information reported…The Tax Administration has extensive access to information, for example, to payment information, and we have different ways to combine information and identify people.”

Metropolitan.fi reported, that the tax office has been given generous access to bank transfers and other data, which enables identifying people. By looking at the transfer records it is evident that in the past most citizens have not reported profits made with virtual currencies.

Finland’s cold weather and low-cost nuclear-based power is no stranger to Bitcoin mining. Both Bitfury and the now-defunct Kncminer have operated mining farms in the country. Today many smaller miners are still in business there. Other well-established crypto businesses are also located in the country, such as Localbitcoins and leading Nordic Bitcoin broker, Prasos.

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This is not the first time Puiro spoke about identifying undeclared income by Finns. In December of last year, he said the government had been analyzing Bitcoin wallets for this purpose.

Puiro added:

“We have analyzed more than 10,000 bitcoin wallets over several years, and in more than 500 cases we have found undeclared income which is taxable,” he emphasized at the time, adding that “Finland’s tax authority has identified bitcoin as one of the ‘high-risk focus areas’ and is prepared to redirect resources to ensure nothing falls through the gaps,”

While only 500 people were identified in December, Kauppalehti quoted the Tax Administration Office revealing last week that 3,300 people have now been identified as owing taxes from crypto-related transactions, adding:

“The aggregate capital gain of the 3,300 persons identified will be about 100 million euros, so the taxpayers’ share of the pot would be around 30 million euros.”

Metropolitan.fi reported that Bitcoin gains are taxed as capital income in Finland. They are treated the same way as dividends, rent or other similar income. The capital income tax percentage in Finland is 30% (in 2018) for sums under 30,000 euro.

Puiro, in the last week, was seen saying, that he hopes those who have made a profit on cryptocurrencies will voluntarily declare the income to the tax authority. He emphasized that if taxpayers fail to report income related to cryptocurrencies, the criterion of criminal tax evasion may be fulfilled.

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