Decentralized asset management platform that allows users to openly collaborate via smart contracts and provides tools for financial DApp development
January 2017 - September 2018
MyBit Foundation designs products that open up the world, creating tools that enable financial freedom and wealth generation for everyone.
Their vision is to create a global environment for people to have the opportunity to easily invest in the Machine Economy, where smart machines are replacing humans in the workforce, the emerging Sharing Economy, where ownership is being replaced by shared assets, and other promising industries.
Among many issues that stand before the investment industry are the following:
The challenges for this project were to:
PixelPlex provided blockchain development services and assisted in MyBIT’s ICO campaign.
We worked on the development of core smart contract functionality using Ethereum. Smart contracts allow automating the functionality of hedge funds to enable direct investments without the need of going through brokers. In addition, this creates a fair investment ecosystem for everyone, and pushes more profits back to investors, eliminating additional expenses when an intermediary fund or broker facilitates transactions for a high fee.
PixelPlex team has designed and developed a modern ICO website with user profile, generation of unique account addresses and ability to participate in ICO via various currency (BTC, ETH, DASH, Monero, Ether classic), viewing ICO transaction history, live campaign status updates, and token withdrawal after ICO completion.
Our work resulted in a successful initial token distribution, which led to MyBIT community conducting a second, 2019 campaign to further develop their platform and enable user acquisition, scalability, and full decentralization of MyBit project. Their goals were to transition to a fully decentralized governance structure, becoming one of the first self-governing co-operative tech projects on the web.
MyBIT SDK is comprised of the following components:
We have created mobile wallets both for Android and iOS devices with smooth and fluid UI for users to store and maintain their MYB tokens.
MYB tokens are the fuel of MyBIT Network, powering transactions and other functionality of MyBit SDK. They are burned, similar to gas on the Ethereum network. MYB can also be used for voting, exchanged for other tokens, locked for investment in long-term projects via MyBit Ventures fund, and have a wide variety of other use cases within the platform.