A collaborative community fueled by crypto and blockchain.
The purpose of this White Paper is to present Pitchday token and an offering to crypto buyers. The information set forth does not imply any elements of a contractual relationship. Its sole purpose is to provide relevant and reasonable information to potential token holders in order for them to determine whether to undertake a thorough and self analysis with the intent of purchasing Pitchday tokens (PDT).
This White Paper, any part thereof and any copy thereof must not be taken or transmitted to any country where distribution or dissemination of this White Paper is prohibited or restricted.
Nothing in this White Paper shall be deemed to constitute 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 make investments.
The Pitchday token (PDT) is not a digital currency, security, commodity, or any other kind of financial instrument and has not been registered as such in any jurisdiction. It does not represent a right to vote in the company or foundation or governing entity of any kind set forth in perpetuity.
You are not eligible and you are not to purchase any PDT tokens (as referred to in this White Paper) if you are a citizen, resident (tax or otherwise) or green card holder of the United States of America or a citizen or resident of the Republic of Singapore or a citizen or resident of Hong Kong SAR.
Back before the famous dotcom bubble, the dream was to create an internet of equality and peer-to-peer engagement. However, in the post dotcom era, giant centralized corporations came in and created an internet vastly different.
Now the dream has returned with the promise of blockchain technology and cryptocurrency. This technology suggests that all participants have an opportunity to engage and generate economic value for their earned contributions in the network.
In a decentralized digital network, governance is distributed among all individuals rather than the centralized organization. Each individual is programmatically compensated according to their efforts on the network.
Utilizing these technologies ignites great motivation for creating a platform with long term sustainability for its participants. It also promises inclusion for those unbanked individuals to gain equal opportunity.
For the next billion users to come online and use crypto as part of their daily lives, a lot needs to change. Simplicity and utility needs to be at the forefront of our thinking as we create systems and applications. The motivation toward achieving this will definitely set the course for its ultimate success.
It is estimated that 400 million entrepreneurs worldwide are collaborating to start 300 million companies, out of which ⅓ become newly opened businesses. That is approximately 100 million new businesses per year or 275 thousand each day. (India and China are the two largest startup nations with estimations of 50 thousand startups per day). [1]
The vision is an ecosystem that freely supports collaboration and increases the success rate of ideas, projects and businesses.
The Pitchday is a network which allows anyone to collaborate, support and contribute to other participants securely in a decentralized way. Where ownership is immutable and contribution is rewarded through a blockchain based smart contract system.
The Pitchday Token (PDT) is the transport for each transaction within the network and between each participant. Allowing them to freely share information, exchange value peer-to-peer. It enables compensation between the system and between users of the system. It allows autonomous voting.
Pitchday aims to tokenize the future of collaborative creations. It aims to tokenize individuals and businesses. It aims to bring a sustainable monetization model for all participants through the exchange of PDT.
Pitchday will introduce a token named PDT. The token is used for platform activity such as onboarding, chat, pitching, payments and contributions. The token accounts for all economic activity and transactions and will interoperate with projects on the platform.
The token is essential to the platform for the following reasons:
- The token is used as a compensation for participants to engage with the network.
- The token is the fuel enabling payments between users; and between the system and its users.
The blockchain supports and provides the following to the platform:
- Integrity: Cryptographic keys and Smart Contracts guarantee privacy and ownership enabling engagement with the network and its participants.
- Security: Immutable and encrypted transactions insure anonymity. The decentralized model makes the system unhackable.
- Democracy: Stakeholders make protocol decisions by consensus.
- Faster Transactions: Transaction settlement almost instantaneously.
PDT is a token with fixed supply. 168 million are created for the pre-sale and 312 million will be created across 4 years by mining the block. The token is fractionally divisible and long term non-inflationary by issuing a certain quantity each year. PDT will be implemented on a forked version of the Ethereum blockchain.
The economy is built upon its community in multiple market categories using the platform to conduct fast, secure and disintermediary transactions. The community is made up of individuals and entities that collaborate and pitch their future ideas, projects or growing businesses to each other. The community also includes decentralized infrastructure providers to maintain the blockchain.
Participants earn PDT for joining the platform, connecting to projects, pitching ideas, forming teams and gaining backers.
Earn PDT by providing computing power, transaction validation and data storage.
Use PDT to support ideas and projects.
Govern the network and provide the fuel for enabling transactions.
The system is built on top of Ethereum and IPFS protocol layers. This section covers general technical considerations for the Pitchday network.
Pitchday is a decentralized and distributed network solving the following:
- Peer-to-Peer
- No Fees
- Private
- Secure
- Low Fee
Infrastructure of Miners. Storage providers, Stakeholders
- Consensus voting
- Mining contributions
The following use case will be supported in version v1.0 of the platform.
Users interacting with the network earn PDT for transactions such as: onboarding users, connecting, collaborating, chat etc..
User collaboration allows for immutable ownership for projects
Users collaborating on projects pitch users in the network to gain support and further backing.
Ready state projects, Startups and Businesses pitch the network to gain support and backing.
The smart contracts govern the application in the following ways
Smart contracts are formed between collaborators and between backers and pitched projects and or businesses.
The following is an overview of a one time crowd offering of PDT to support the system and platform development.
| . | . |
|---|---|
| Symbol | PDT |
| Supply | 480,000,000 |
| For Sale | 168,000,000 |
| Price | 0.0015ETH |
| Sale Period | Sept 15th - Jan 15th |
| Crowdsale Period | Dec 15th - Jan 15th |
| Accepted Currency | ETH, BTC |
| Distribution | Feb 1st - Feb 15th |
| Minimum Goal | 7,500 ETH |
| Hard Cap | 156,000 ETH |
A percentage of the Pitchday token (PDT) will be sold via a crowdsale. The remaining quantity will be written into the the genesis block for the mining community. Allocations will be as follows:
- 168,000,000 tokens allocated for sale through Pre-crowdsale and Crowdsale This amount is sold or granted to the public before and during crowdsale event.
- 312,000,000 allocated for Genesis Block and Mining Pool This amount is sold reserved for the entire ecosystem and community of miners.
Of the 168,000,000 tokens which are to be set aside as pre-mined the allocations are as follows:
- 62% allocated to Crowdsale period This is for the miners based on PoW and PoS work on the blockchain.
- 10% allocated to Core Team and Contributors This amount represents pre-development.
- 15% allocated to the Foundation This amount is used for supporting the foundation and its operations.
- 10% allocated to Advisors and Investors This amount is used for support that advisors and investors provided.
- 3% allocated to Bounty This amount is used to reward for assistance in pre-launch marketing and PR.
Of the 312,000,000 unmined tokens they will be distributed to the following.
Miners, Community (Developers/ Contributors/ Users), Foundation. These groups are crucial to the growth and sustainability of the network. The allocations are written into the protocol and the blockchain genesis block. Allocations are vested base of a time-value formula.
- 63% allocated to the Miners This is for the miners based on PoW and PoS work on the blockchain.
- 10% allocated to the Community This amount represents development and users of the platform.
- 5% allocated to the Foundation This amount is used for supporting the foundation and its operations.
Funds raised during the crowdsale will be allocated as follows. Upto 30% of funds raised will be hedged to USD across a 2 year period to reduce the risk of crypto volatility. Based on a token sale amount of minimum threshold of 7,500ETH or equivalent value is reached.
- 60% allocated to Development This is for developing and maintaining the platform.
- 20% allocated to Marketing This amount is promote and market the platform to the public.
- 10% allocated to Operations This amount is used to maintain the operations of the core team.
- 5% allocated to the Foundation This amount is used for the foundation and the advisory committee.
- 5% allocated to Legal This amount is used for legal expenses and maintenance.
Pitchday primary aim is to create a platform and marketplace where participants and token holders benefit; and receive upside value in the short, medium and long term.
| Date | Desciption |
|---|---|
| January 2016 | Concept Development. Founders started exploring the collaborative, decentralized/ and distributed services industry. |
| September 2017 | White Paper and Concept Validation. The concept has been validated by industry peers and reviewed by the community at large. |
| October 2017 | Pre-crowdsale. The pre-sale starts from Sept 15th to Dec 15th. |
| December 2017 | Crowdsale. The sale will run from Dec 15th to Jan 15th or until the hard cap is reached. |
| 2018 | dAPP Development. Development of Alpha and Beta versions for developers and community members to test. |
| 2018 | Launch of Pitchday v1.0 (“Prospect”). Release of the first version of Pitchday. Release of the upgraded version of Pitchday. |
| 2018 | Marketing Campaigns. Launch of a series of marketing campaign to build brand awareness and a bigger community. |
| 2019 | Scaling the system. In order to meet the Pitchday community’s needs. |
| 2019 | Marketing Promotion. On-going Marketing campaigns. |
| 2019 | Launch of Pitchday v2.0 (“Influence”). Release of the upgraded version of Pitchday. |
The Pitchday ecosystem is a community of partners – infrastructure and applications – that adopt the PDT token. The Foundation is intended as an independent, nonprofit, and democratic governance body for the members of this ecosystem. The principal functions will include the open governance of its resources together with other ecosystem partners, the support and advancement of the technology related to Pitchday implementation, and all matters related to ecosystem membership.
The foundation’s mandate is to grow the ecosystem by giving the participants of the platform value while enabling developers an open and sustainable platform to develop, deploy and maintain those products and services.
For the long term the vision is to set the foundation with more innovative methods such that a decentralized autonomous organisation can be formed (DAO) in which decisions would be made across the entire ecosystem.
Allocation of funding to the foundation will be dedicated to the following specific areas:
Resources are dedicated to establish fair and transparent processes that will oversee decisions related to membership, contributions, participation rules, legal matters and compliance guidelines.
Resources are to be dedicated to innovation by establishing partnerships and employing individuals that will drive the platform and its technology forward.
Pitchday will be the destination platform to find like minded individuals and share, collaborate and contribute to ideas, projects and companies. By making a platform that empowers people around the world to participate in an digital economy with equal opportunity is regardless of their domicile or economic class, will enrich the lives of hundreds or millions people. PDT will facilitate the growth toward financial freedom and prosperity while making the world a better place.