ICO Review Bitenny

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Bitenny- Simplify your future

Leveraging technology and innovation to simplify financial asset management and the payment industry

What are the benefits of Bitenny’s unique structure?

The four-level structure of Bitenny allows the platform to satisfy the users demand in the application of a variety of currencies — especially those who want to implement digital payments with the same degree of reliability as the payment in Fiat currency.

One way or another, in order to implement the concept of Bitenny in full, the network must be able to use the full power of artificial intelligence. Artificial intelligence functionality will form the bulk of what Bitenny platform will allocate to users and make the network a real asset on a digital scale as it evolves.

The goal of Bitenny project can be achieved in many different ways with the help of various potential artificial intelligence applications implemented on Bitenny platform. Here, all incoming flows from financial analysts and exchanges, as well as token entries, will be processed through the artificial intelligence application at this level of the platform, producing outgoing flows that can receive various applications, including those used by mobile devices on exchanges and in institutions. Find out more about the platform Bitenny on our website https://bitenny.io/!

Key advantages of Bitenny

What is it that sets the Bitenny network apart from other platforms in the market;

Unique structure and ethos

Bitenny's structure simplifies the cryptocurrency market, giving regular fiat currency users the ability to make purchases and payments both online and offline.

Technological innovation

Bitenny is positioned on the cutting edge of technology, bringing together future-centric tech concepts such as Artificial Intelligence, and applying them to problem-solving in the real world.

An experienced team

The Bitenny team draws upon 20+ years of experience in the development of highly effective AI solutions and includes alumni of both Deloitte and Ingenico.

Comprehensive payment solutions

Over 50 payment methods are supported by the network, making life easier and more straightforward than ever before for users and merchants alike. What's more, this list is growing as the network develops.

Problems & Solutions

Solving problem for users

Bitenny helps to lower the risk and trepidation of investing in crypto by offering a free AI-enabled wallet. This system allows users to swap virtual currencies more securely, with full compliance. Unlike similar platforms, it also has tight integration between virtual and physical currencies, letting people hold, pay and distribute cryptocurrencies and fiat currencies with ease.

Real-time access to crypto markets means Prally, the interactive assistant, can inform users about current trading opportunities and provide them with ideas on trade execution. A key feature, this limits the risk that comes from having lack of experience in investing in crypto.

Solving problem for merchants

To create a seamless experience for businesses that want to accept crypto payments, Bitenny comes equipped with the fully featured Bitenny API, which is easy to integrate into online stores and is available free of charge.

Rather than one easy-to-use platform, merchants are stuck with several Payment Service Providers (PSPs) with a lack of integration between them. Bitenny, an advanced technical platform accepting over 50 methods of payment, including comprehensive crypto integration, solves this problem.

Solving problem for brick-and-mortar merchants

A lack of specialised software has made it difficult for physical stores to accept crypto payments. The Bitenny system can be installed easily on a tablet-PC to be used by the cashier at the point of sale, allowing users with a Bitenny Wallet to pay with cryptocurrency.

Simplicity and Accessibility

Simplify your future, simplify the market. This is the aim of Bitenny.

The network achieves this through the deployment of simple and elegant payment solutions which leverage the following features;

Ultra secure, ultra convenient registration and login, using PIN and biometric identification

Easy and total access to full investment portfolios in the Bitenny wallet, as well as rich analytics tools

Comprehensive currency wallet tracking and secure private key storage from the Bitenny Interactive Wallet

Market leading KYC authorisation in terms of speed and security, allowing users to pivot between fiat and digital currencies with ease

Support for credit and debit card facilities, supporting physical payments at in-store points of sale

Harnessing artificial intelligence to support user investments, and more

Bitenny Use Case Scenarios

Bitenny is not designed to be a single use platform, nor is it designed with the needs of one, narrow set of users in mind. Instead, it is intended as a comprehensive and wide-ranging network which will offer support to the burgeoning crypto movement as it grows, evolves, and thrives in the future.

One time digital payments

Users will be able to make easy, one-off payments using Bitenny. They first need to open the Bitenny Interactive Wallet, then consult Prally's real-time analysis to select the most advantageous currency option. They will be able to do this by looking at the real-time analytics or by accessing a full financial report. Then, armed with the proper insight, they submit the payment as normal.

Recurring digital payments

In many instances, users will need to make long term, recurring payments. This can be achieved with just as much ease as with one time payments. The Bitenny platform integrates with merchant systems both on and offline, working in a similar way to a direct debit.

The user needs to simply ascertain the costs, the terms of the payment, the length of the payment period, and the due date. This information is then used to create the long-term payment. AI then steps in to make sure the payments are handled in the most advantageous way possible, according to the latest market movements.

Prally, the Bitenny AI assistant, handles these ongoing tasks and provides automatic financial reports to keep you informed about what is going on.

Crypto trading

While Bitenny provides great advantages when used as a payment platform, it is also designed to provide effective support for crypto trading or investment. Whether you are a seasoned crypto trader or a complete newcomer to the market, you'll be able to benefit from the AI tools provided by the network, and maximise your ROI.

Prally's Advanced Trading tools provide information and automated trading solutions for investors and traders on a one time use or on a subscription basis. Users simply need to feed critical information into Prally - including the amount of value they wish to trade, the time period, and the desired outcomes - and the tool will do the rest. The system can generate reports, analyse market conditions, or even execute trades on your behalf if permitted to, with over 50 payment methods accepted for investment.

PSPs for online merchants

A key use case for online merchants is to use Bitenny as a core PSP - or Payment Services Provider. Cryptocurrencies are gaining in market share every day, and yet so many online merchants are still missing out on this potential. Bitenny makes sure this is not the case.

With Bitenny, merchants receive the simple and effective support for crypto payments that they need to thrive in the market. In most cases, this will enable retailers to get the jump on the competition, achieving comprehensive payment support before their competitors do.

Merchants will also be able to connect with daily revenue reports as well as round the clock support. Payments in crypto or fiat currency will be able to be handled simultaneously, and merchants can receive the funds in their supported currency of choice.

Digital wallet use for bricks and mortar merchants

Physical stores will also be able to accept fiat and crypto payments in the same way. The wallet is installed on a smartphone or tablet and then used to interact with customer wallets to complete the transaction. The process is exactly the same as with an online transaction, but the app and device combination creates a smart point of sale for customer use.

Platform Technology

Bitenny's structure incorporates two separate components, operating together as a whole to provide comprehensive functionality to users. These components are as follows: The Bitenny platform and the Bitenny backend.

Roadmap Timeline

2018 Q3

Secured seed funding of $600K

2018 Q4

Develop website

Development & Audit of token sale contracts

2019 Q1

Start MVP development

Whitepaper release

Community building

International token sales

2019 Q2

Continuing of development Bitenny platform

2019 Q3

Listing Token on exchanges

Release Bitenny trading

2019 Q4

Bitenny release of payment solution

2020 Q1

Release Prally digital assistant

Implementation of Prally voice queries and natural-language user interface

2020 Q2

Bitenny white label solution for partners

Team and advisors

Core team

Shahdad Kiyani

CEO

With a true passion for technology and innovation, Shahdad has acquired a wealth of knowledge and experience that spans the breadth and depth of many a field in the world of information technology. Effective leader and innovator with years of expertise and interest in Internet-Based Ventures, Digital Marketing, and Business Development.

Youssef Dikri

COO

Youssef is a Financial professional with ten years’ experience in the Pricing domain. Working for one of the world's leading payment service provider has ensured the extensive knowledge about the payment landscape. His experience is concentrated on the total commercial scope within the e-commerce environment, from participating in global deals to customer relationship building and management.

Mahdad Kiyani

CCO

Mahdad has a diversified background including a proven international track record in digital transformation and innovation. Mahdad is a leader with a passion for leading high-growth technology businesses in B2B software, online services, IT, FinTech, networking, telecom, and internet security.

Nardie Scharenborg

CTO

Nardie is a seasoned operations manager and entrepreneur with a background Finance and IT, with a specialisation in AI. Nardie will run the Bitenny. With her leadership experience and passion for the development of new products and services, she will ensure the successful development and management of Bitenny.

Eray Deniz Turgut MSc

CFO

Eray is a motivated, goal-driven international finance professional with more than 13 years experience in various sectors. A strategic thinker with a comprehensive understanding of investment, operational and financial reporting. With this broad experience, he will lead the finance department and ensure a cost-effective operation and transparent financial reporting.

Silvano Soares

CXO

After studying computer science, Silvano has been working in software development for the past fifteen years with extra focus on end-user experience and innovation. As a result of additional training in Customer Experience and multichannel management, Silvano looks at solutions from multiple customer perspectives to achieve excellent results.

Hamed Fahimi

CMO

With more than 14 years of experience in marketing and advertising and running agencies, Hamed has helped a dozen of national and international companies to activate their target groups, get their message across the globe and establish tremendous brand awareness.