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Botchain (BOTC) ICO Review – ICO Token News

BotChain is an open source network, not owned by any single company. Nothing in this white paper constitutes a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This document is not composed in accordance with, and is not subject to, laws or regulations of any jurisdiction which are designed to protect investors.

Talla is the company that originated the idea behind BotChain. Talla delivers an AI-powered knowledge base bringing enterprises into the future of automation and insight. The Talla platform uses machine learning to automate content management in IT or HR knowledge base contexts, keeping information up-to-date, relevant, organized, and accessible. Users access company knowledge bases through chat – providing rapid and easy means to find answers and maintain worker productivity.
Launched in 2015 by former Backupify.com co-founder (acquired by Datto) Rob May, Talla has raised over $12 million with 2,500 existing AI installations across the enterprise.

About Botchain

Developed in response to market opportunity surfaced in Talla’s enterprise artificial intelligence business, BotChain is a decentralized bot registration, identification, collaboration, and audit platform built on the Ethereum blockchain. Setting the standard for bot compliance, BotChain allows bot developers, enterprises, software
companies, and system integrators to verify bot identity, audit interactions, and control the boundaries of bot autonomy. By driving developmental software standards and creating a marketplace of developers and users, BotChain incentivizes bot innovation and adoption through secure and powerful intelligent machine usage within a range of enterprise environments.

Token Sale & Structure

The BotChain token sale schedule will be available on the BotChain website located at https://botchain.network
BOTC tokens will be available by exchanging either Bitcoin (BTC) or Ether (ETH).

• Forty million (40,000,000) BOTC tokens will be generated
• Tokens will be created and distributed in a one-time Token Generation Event (TGE)
following the completion of the sale. After this, no BOTC tokens will be minted
• Up to 55% (22 million) BOTC will be available for public sale, and distributed 30 days
after the close of the public crowdsale. Tokens sold during the private sale will have a six
month lockup.
• 20% will be allocated for network advisors and partners and to support building the
ecosystem. These will be immediately usable after the platform launch, to allow developers
to provide identity and audit solutions for their customers.
• 25% of tokens are retained to support current and future development efforts and
operations and to compensate team members and stakeholders. These tokens have a
12 month lockup.

Technical Platform Overview

BotChain Network provides the fundamental identity and reputation to enable third party developers to build decentralized applications that help create value for their users. It has been designed for others to build upon and extend the services to meet the additional needs of new and existing market segments.

Team

  • Rob May
    Rob May
    Rob May
    Chief Executive Officer
    Rob is a repeat venture-backed entrepreneur and angel investor in 45+ AI and blockchain companies. Previously he was the CEO & Co-Founder of Backupify (Acquired by Datto). He is the author of Inside AI.
  • Byron Galbraith
    Byron Galbraith
    Byron Galbraith
    Chief Data Scientist
    Byron has a PhD in Cognitive and Neural Systems from Boston University and an MS in Bioinformatics from Marquette University.
  • Job Klein
    Job Klein
    Job Klein
    Chief Architect
    Jon has run engineering teams from early stage to large scale. Most recently, he was Director of Engineering at Drync, and lead the Ad Products Team at Tapjoy. He has a M.Sc. in Complex Adaptive Systems from Chalmers University.
  • Anthony Habayeb
    Anthony Habayeb
    Anthony Habayeb
    Head of Partnerships
    Most recently, Anthony lead strategy and development for Propel Marketing, now Thrivehive, during its growth from $6 to $50M. He previously held partnership and revenue leadership roles at Monster and Yahoo! after starting his career as a strategy consultant with Accenture.
  • Henry Wagner
    Henry Wagner
    Henry Wagner
    Blockchain Engineer
    Henry most recently served as a Sr Software Engineer at Akamai Technologies, where he configured management systems and development of enterprise on-ramp technologies. He has a BA from Auburn University and pursued graduate studies in Distributed Systems at the University of Connecticut.
  • Brooke Torres
    Brooke Torres
    Brooke Torres
    Director of Marketing
    Brooke joined Talla Inc in 2015 after advising early stage companies on customer acquisition and go-to-market strategy in the London consumer products market. Before that, she lead social media at The Muse. She holds a BA from Smith College.

Milestones

  • 1
    April 2018
    Test Network
    Launch
  • 2
    May 2018
    Live/Main
    Network
    Launch
  • 3
    Nov 2018
    Identity & Audit
    Services
  • 4
    April 2019
    Marketplace
  • 5
    Nov 2019
    Bot2Bot
    Communication
    Protocol

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