Democratising the worldwide subscriptions economy - Whitepaper - Subbit 2018 www.subbit.io
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Whitepaper
Democratising
the worldwide
subscriptions
economy
© Subbit 2018 www.subbit.io
Contents Abstract 03 Introduction 05 Problem Specification 07 Solution 09 Blockchain solution 12 Markets 14 Benefits for Vendors 20 Benefits for Consumers 22 Product 24 Key features 29 SUBBIT ecosystem 32 SBT Token 36 Investment rounds 39 Tokensale 40 Core team 41 Disclaimer 44 Roadmap 46
Abstract
SUBBIT is a new payment
alternative, which allows
consumers to pay for just
about anything on a monthly
subscription basis, rather than
by cash or card.
subbit-whitepaper-v1.7 03
Abstract SUBBIT is powered by smart mobile technology and enables any business to convert virtually any product or service into a subscription package. The SUBBIT token is a modular utility token, developed on the Ethereum blockchain, which gives users access to exclusive products, savings and cash-back rewards within the SUBBIT network. Our vision is to create a new exciting pattern of consumption worldwide, which rewards consumers with better value, and convenient access to the things they love. SUBBIT will become the world leader and market default for B2C subscription payments, actualising a multi-trillion dollar global market opportunity. Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 04
Introduction
Subscriptions are fast
becoming the payment method
of choice amongst a millennial
consumer population, which
strongly values access over
ownership.
subbit-whitepaper-v1.7 05
Introduction
The subscription-based The subscriptions model as increased in
business model is now more popularity for two reasons: Firstly, they
offer consumers a fruitful combination of
popular than ever, with many improved access to a product or service,
leading consumer brands immediate savings and convenience; and for
businesses they generate recurring revenue
favouring this approach over and improve customer loyalty.
a traditional single payment
In fact the model works so well that 90%
for goods and services. of the UK adult population currently have
an active subscription. This statistic is
$420 Billion was spent on subscriptions in compounded by an independent research
the US alone in 2015, which was up from report we commissioned in 2017, which
$215 Billion in 2000 [Credit Suisse] . This looked at current UK consumer behaviour
huge growth can largely be attributed to and the demand for consumer subscriptions1
new technology, and more specifically the .
number of e-commerce and SAAS product
owners, turning to subscriptions to drive
their businesses.
1 An insight into current UK consumer behaviour and the demand potential for democratised consumer
subscriptions https://docs.google.com/presentation/d/11_Vz6Quca3BNI5Ja9DrrptjlIUn_D1LKUDFQ4OriIqU/
edit?usp=sharing
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 06
Problem
Specification
Subscription businesses
have grown 9x faster than
S&P 500 company revenues
[Subscription Economy Index
(SEI) - Zoura], but until now,
this lucrative economy has
been dominated by larger
organisations, and those with
a strong focus on e-commerce,
SaaS tools, and digital
streaming services.
subbit-whitepaper-v1.7 07
Problem Specification
As a result, a large percentage depend on the customer to either carry
of the overall consumer paper cards or to download a single-purpose,
proprietary app. These types of loyalty
economy remains untapped schemes seldom offer upfront savings
and millions of businesses or improve on overall convenience for
consumers.
worldwide are at risk of being
left behind. Similar problems exist for other micro and
SME businesses, and even charities, where
gaining access to the subscriptions
economy is expensive,
The retail gap time-consuming and
difficult.
This includes
physical retailers
(e.g. local shops The trend
and restaurants) for [online
and other service- retailers] to
led businesses take physical
such as gardeners, stores will
personal trainers or undoubtedly
independent coffee accelerate as
shops, increased online
competition and lower rates of
The challenge for high sales growth requires them to find a
street businesses, is not only to compete competitive edge.”
with their online counterparts, but also to [Mark Charlton - Head of Forecasting and Research
find ways to harness technology to improve at Colliers]
interactions for their customers.
Problem summary
Loyalty is key
There is no standout product or mechanism
Consumer research points to customer which enables businesses of any type or size,
loyalty as being a big issue of concern simple, fast and affordable access to the
amongst many service-driven high street subscriptions economy.
businesses.
In response to this issue, some have
introduced loyalty schemes, but the
mechanics of this are often clunky and
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 08
Solution
SUBBIT is the world’s first
subscription marketplace,
which allows consumers to
pay for just about anything on
a monthly subscription basis,
rather than by cash or card.
subbit-whitepaper-v1.7 09
Solution
By using our smart mobile app, users
can subscribe to their favourite shops,
restaurants, leisure activities and many
other popular mainstream products and
services.
In practical terms, SUBBIT makes it easier to pay for any
product or service consumers might use on a regular basis
- and offers many advantages over other payment methods,
such as exclusive access, discounts and rewards.
SUBBIT is also the most convenient payment alternative
around. There’s no need to carry cash or a card, all you need
is your smartphone to unlock a smooth and flexible consumer
experience.
SUBBIT is leading the way for a new and exciting pattern of
consumption, which gives consumers convenient access to the
things they love.
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 10Solution
Tech meets subscriptions
SUBBIT completely democratises the
subscriptions economy by giving every
business instant access to the subscriptions
economy, right from their smartphone. 89% of UK
We have built a comprehensive end-to-end
digital solution, which makes the entire
process as simple as possible for both
adults have
businesses and consumers.
This includes an intuitive mobile app, which
at least
allows users to subscribe to a business in just
a few taps on their smartphone, replacing the
slow and restrictive onboarding process used
one active
by traditional subscription services.
subscription
Total democratisation
This blows the rigid subscriptions economy
wide open, by removing barriers to
entry, and creating brand new markets
and opportunities for retail and other
independent businesses.
SUBBIT disrupts the global consumer
economy by offering a viable and frictionless
(subscription-based) payment alternative to
cash and card.
SUBBIT democratises the global
subscriptions economy by giving every
business instant access to a subscription-
based payment model.
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 11Blockchain
solution
SUBBIT is a truly crossover
platform, meaning users can
choose to spend either fiat
currency, cryptocurrency, or a
combination of both within the
marketplace.
subbit-whitepaper-v1.7 12Blockchain solution
At launch, the platform will Subbit is the first product to truly expose the
support a range of popular mass consumer market to cryptocurrency
payments and enable users to access
tokens and coins, as well as our thousands of everyday products and services.
own proprietary SBT token. In doing so, it will democratise the vworldwide
subscriptions economy across several key
The SBT token will give users global markets.
exclusive access to premium
Instead, users subscribe to the product or
‘SBT-only’ subscriptions, as service they need and pay for it on a monthly
well as other discounts and basis. This subscription model solves two
huge problems for cryptocurrency spenders.
rewards. Firstly, slow transaction times are no longer
an issue. Our smart contracts are designed
specifically for subscriptions, meaning they
SUBBIT makes cryptocurrency can commit a recurring payment for an
spendable at thousands of ongoing service and from any payment
mainstream businesses method you choose. Because the service
you receive during a subscription is ongoing,
the need for an instant transaction to be
committed to the blockchain is circumvented.
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 13Markets
SUBBIT makes the process
of subscribing to services
so simple, that we don’t just
aim to capture a portion of
the existing subscriptions
economy, but instead stimulate
brand new markets and grow
the economy exponentially.
subbit-whitepaper-v1.7 14Markets
Our focus is aimed specifically
at businesses, which retain a
physical interaction with their
customers (such as shops,
salons and restaurants),
rather than businesses which
only sell online.
SUBBIT will facilitate a new pattern of Whilst our marketing strategy is aimed at
consumption and become the default these types of businesses, we fully anticipate
payment method within four key target other business types and entrepreneurs
markets worth a collective £2 trillion in the to adopt our evolved subscriptions model
UK alone. and use SUBBIT as a primary driver in their
business activity.
SMEs/Micro Businesses
SUBBIT is the first and only product to The list of businesses types within our SME
enable a simple, instant subscription market continues to grow rapidly and we
transaction at any physical point of sale, project to have 100,000 active business on
without the need for any hardware other the platform by the end of our first year’s
than a mobile phone. trading.
Simply put, SUBBIT gives every small Competitors
business instant access to the subscriptions There are no mmediate competitors in this
economy for no extra cost. market which offer an instant subscription
payment solution. We aim to become the
We will market SUBBIT to local shops, salons default payment method for any product or
and restaurants, as well as other small and service, which a consumer purchases on a
independent businesses such as personal regular basis.
trainers, car washes, domestic cleaners,
sports clubs and health practitioners to name
but a few. These types of businesses are Our total addressable market for
unique in that they typically offer services SMEs is worth an estimated annual
that are purchased or consumed at frequent £1.9tn in the UK alone
intervals.
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 15Markets
Charities and NGOs The SUBBIT Subscriptions Partnership
Network (SSPN) ™ will give charities an
SUBBIT will enable every registered charity unparalleled reach into new markets and
to collect donations instantly and on a secure define a user experience, which values
digital platform for no extra cost. and rewards those who give through our
platform.
There are 185,000 registered charities in the
UK alone, many of which do not have their By using SUBBIT, charities will no longer
own digital collection platform. need to request details from potential
customers on the street. Instead all they
SUBBIT users complete one single need to do is show people a unique
onboarding process to gain access to SUBBIT QR code, which can be scanned by
thousands of subscription packages in our anyone using the SUBBIT app to subscribe
marketplace - this includes charities. instantly. This removes the need for
paperwork, registration forms and direct
Research tells us that just 7.2% of UK debit instructions, which carry such a huge
charity donations were made online during administrative burden for many charities.
2016. Compare this to 19% of total UK
business turnover coming via e-commerce. This innovative approach to donations will
revolutionise the charity sector and ensure
We have identified this gap and tailored our organisations of any size benefit from the
product to resolve issues around outreach convenience of mobile payments.
and collections, which are faced by charities
in the modern consumer age.
Competitors Our total addressable market for
It is important to consider the difference charities and NGOs is £75bn in the
between SUBBIT and other donations and UK alone
‘giving’ digital platforms. Our interest is fixed
firmly on democratising the subscriptions
economy and creating a new pattern of
consumption built around convenient
subscription payments.
That being said, SUBBIT will facilitate a
completely new channel of digital interaction
for the charity sector, and enable frictionless
and non-intrusive donation collections.
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 16Markets National and global chains We will work with carefully selected national and global chains to increase SUBBIT’s visible presence in retail hotspots and help establish market dominance. These will include shops, salons and restaurants as well as other physical retail and service-led businesses. Increased competition and market dilution within the e-commerce sector has seen a recent resurgence in high street business. In 2016 only 7.2% of individual UK charity donations were made online SUBBIT is perfectly positioned to not just capitalise on this existing industry trend, but also to act as a primary facilitator for companies wishing to embark on this channel shift. Our pioneering Access as a Service (AAAS)™ and SUBBIT Subscriptions Partnership Network (SSPN)™ products, will offer huge value in this market and give larger chains access to streams of revenue linked directly to our evolved subscriptions model. Competitors There are no established digital subscriptions provider amongst physical retail and service- led businesses in this market. Some chains (such as Starbucks or Nandos) offer customer loyalty schemes, via either a proprietary app or a paper card. Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 17
Markets
Social influencers This means lesser known influencers, despite
having a loyal core (or indie) following, are
Social influencers are non-celebrities with unable to meet the demand for their content
wide followings, who promote brands and simply because they cannot afford to. This
products on popular social media platforms. creates a monopolistic effect in the industry
These include digital content creators, where the established influencers continue to
bloggers, vloggers, gamers, podcasters, grow through existing monetisation channels.
artists and other online personalities.
SUBBIT democratises the social influencer
This is a very lucrative market said to be market by allowing anyone to create their
worth in excess of $5 billion globally, but most own subscription package as way to generate
of this money is generated by advertising and an income through their following.
sponsorship deals for the influencers with the
widest followings. A general rule of thumb is Each social influencer (or vendor) is given
that brands will not consider sponsoring or their own unique SUBBIT QR code, which
advertising with an influencer with less than they can share with followers to enable them
100,000 followers. to subscribe. This non-intrusive mechanism
offers an improved user experience when
compared to traditional revenue generating
Our total addressable market for
social influencers globally is in excess
of $5bn annually
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 18Markets
methods in this market (such as disruptive of incentives based on their own consumer
video advertising). lifestyle. The incentive will be provided by
one of our partners in our Subscriptions
By subscribing to a social influencer, users Partnership Network (SSPN) ™.
can expect access to more, or improved
content as a reward for their loyalty. So for example, a £10 subscription
to your favourite social influencer,
The SUBBIT Subscriptions Partnership not only ensures they can bring
Network (SSPN) ™ will also give social you more of the content you enjoy,
influencers an opportunity to partner with but also gives you a free coffee at
popular brands to incentivise their followers, your favourite local coffee shop.
regardless of the size of their network.
Competitors
Patreon is a competitor in this market, which
allows content creators to get paid by a
running a membership business their fans.
Patreon have collected 150 million on behalf
of content creators in 2017, and take a 5%
cut giving them a revenue of $7.5 million.
We believe SUBBIT will eclipse this
performance significantly. SUBBIT’s
marketplace includes a diverse portfolio of
products meaning users will be onboarded
through a variety of markets giving us reach
to a far larger user base. SSPN ™ will also
change the landscape for social influencers
and expose the market to endless partnership
and loyalty incentivised opportunities.
Let’s explore Patreon’s model and explain
how SUBBIT aims to eclipse this. Patreon
lean on social influencers themselves to
incentivise ‘fans’ by creating exclusive or
behind-the-scenes content. This not only
increases the workload for the influencer, but
also doesn’t give the ‘fan’ a choice about how
they are rewarded for their loyalty.
By comparison, social influencers using
SUBBIT can offer their subscribers a choice
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 19Benefits for
Vendors
We have designed a simple
onboarding process for
vendors which is not only
free, but also takes just a few
minutes to set up.
subbit-whitepaper-v1.7 20Benefits for Vendors
Once registered, vendors
can set up their own
subscription packages in the
SUBBIT marketplace, and
start collecting subscription
payments right away.
By using SUBBIT vendors, will instantly gain
access to the benefits of a subscription-based
business model, including:
• Customer loyalty
• Recurring sales
• Predictable income
• Better cash flow
• Improved ledgers
• No cash handling
SUBBIT also gives these additional benefits to
vendors:
• No paperwork
• Direct in-app messaging to customers
• Broadcast in-app messaging
to customers
• Promotional incentives for customers
• Exposure to thousands of users
in our SUBBIT marketplace
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 21Benefits for
Consumers
We have also designed a
simple onboarding process for
consumers which is not only
free, but also takes just a few
minutes to set up.
subbit-whitepaper-v1.7 22Benefits for Consumers
Once registered, users will
gain instant access to our
subscriptions marketplace, and
can subscribe to any package
they choose right away.
By using SUBBIT, users will instantly gain the
benefits of subscriptions including :
• Convenience
• Better value and upfront savings
• No need to carry cash
• Access to rewards and promotions
SUBBIT also gives these additional benefits to
users:
• Register once to access thousands
of subscription packages
• Message vendor directly via app
• Build up your SUBBIT
score for rewards
• Spend cryptocurrency with any
vendor in our marketplace
• Powered by blockchain technology,
SUBBIT gives buyers the ultimate
in simplicity and choice
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 23Product
Not only is SUBBIT the single
most innovative and user-
centric payment alternative
around - it’s also really easy to
use.
subbit-whitepaper-v1.7 24Product
Our intuitive ‘dual’ consumer
and vendor mobile app
product simplifies the whole
entire subscription payment
model.
Quick signup
Onboarding only takes a minute, with
Facebook and Google account integration, or
simple email registration
All payments accepted
SUBBIT accepts all major credit and debit
cards, Apple Pay. Google Pay, Paypal, Bitcoin,
SBT and major cryptocurrencies.
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 25Product
SUBBIT Code Scan ™
Find any subscription or vendor in our
marketplace instantly using our built-in code
scanner
SUBB-it! ™
You’re now ready to start SUBB-ing ™
subscribe to the things you love in just a few
taps
Manage your account
Monitor outgoings and build up your SUBBIT
score to earn exclusive savings and rewards
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 26Product
Voucher system
Our simple voucher system turns your
smartphone into a powerful EPOS device
to track your subscription usage at vendor
touchpoints
Talk to your vendor
Our in-app messaging system creates a
unique communication channel between you
and your vendor
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 27Product
Exclusive offers
Get access to exclusive subscriptions from the
biggest vendors, that aren’t available outside of
the SUBBIT marketplace
Cryptocurrency support
Our in-app wallet and spot exchange allow you
to pay in cryptocurrency at real-time exchange
rates
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 28Key features
SUBBIT revolutionises point
of sale interactions, creating
a near frictionless end-to-end
experience throughout every
consumer journey.
subbit-whitepaper-v1.7 29Key features
The SUBBIT revolution is
driven by our patent-pending
Subscription Management
System ™ with powerful built-
in features, creating a full
mobile EPOS and enhanced
digital loyalty solution for
businesses of all types and
sizes.
Virtual marketplace
Subbit provides a virtual marketplace, which that Subbit is designed to enable small
allows third party sellers to sell subscription- businesses (and individuals) to access the
based products or services. subscriptions economy, many of which do not
have their own online presence.
Unlike other ecommerce or marketplace
solutions, we only support subscription Subbit marketplace does away with a need
products, making Subbit the first marketplace for vendors to have their own website (or
of its kind. app), hosting, payment gateway, technology
and development, marketing and legal
By creating a marketplace we offer sellers a solutions.
trusted and secure platform to list and sell
subscription products. Subbit are leading For Subbit, our vision is not only to pioneer
the way for a democratised subscriptions the subscription marketplace, but for it to
economy and will become synonymous with be the main driver in the evolution of the
B2C subscriptions in the same way that ‘Just subscriptions economy. Our operational
Eat’ have become synonymous with takeaway roadmap already includes key feature
food in the UK. enhancements, which will increase the
revenue opportunities for vendors and
The reason marketplaces are attractive for deliver even more value and convenience for
sellers, and especially to smaller sellers, is users.
that they can attract more online traffic.
This allows sellers to expose their products
to far more potential subscribers, than they
could by listing them on their own individual
websites. It is also important to remember
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 30Key features
Agnostic Payments
SUBBIT accepts all mainstream fiat payment methods. These
include all major Credit and Debit cards, Paypal, Apple Pay (for
iOS devices) and Google Pay (for Android devices).
We partner with Stripe, to process all payments in Subbit.
Stripe is an American-based company, which operates in over
25 countries around the world. Stripe offer a secure, end-to-
end payments solution and support all major cards, as well as
Paypal and bitcoin.
We are strongly focused on data security and GDPR
compliance, which was one of the reasons we chose to
partner with Stripe. Stripe provide seamless, secure payment
processing, which means we never need to store your any
customer payment details on our servers. This automatically
ensures we achieve PCI DSS compliance and makes no
compromise on security for our users.
SUBBIT will also accept cryptocurrency payments, as outlined
in our delivery roadmap. This includes our own SBT token.
Vendors will be able to choose how they wish to be paid for
their subscription products and services. They can choose to
be paid in fiat currency, cryptocurrency, or a combination of
both.
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 31SUBBIT
ecosystem
We have designed and built
a beautiful suite of intuitive
mobile and web apps, which
makes the subscription
process as simple as possible
for both businesses and
consumers. We call this the
Subbit Ecosystem.
subbit-whitepaper-v1.7 32SUBBIT ecosystem
The Subbit Ecosystem
combines the convenience
of mobile app technology,
with the value of subscription
payments, and has been
intelligently crafted to release
the full potential of business-
to-consumer subscriptions for
all.
We have created:
• A beautifully intuitive app for
consumers (Android/iOS)
• A beautifully intuitive app for
vendors (Android/iOS)
• A powerful, easy-to-use
administrator web app for vendors
• A social subscriptions feed
website for consumers
These four abstracted components are
complimented by our SBT token, which acts
as the de-facto, in-app currency for rewarding
loyal vendors and users.
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 33This diagram shows
User
how the SUBBIT
ecosystem works:
Pay
Users can deposit into the subbit Users can set up for recurring
digital wallet using fiat, Bitcoin, payments to be taken from
Ethereum, SBT and all other the normal gateways
major crypto’s via a spot system.
exchange system.
Users are rewarded Or deposits made in fiat or crypto can
in SBT for using be held in SBT token where users are
their SBT balance rewarded in SBT for each purchase
to pay for and can benefit from token
subscripE growth system.
system
Deposits made in fiat crypto
can be held in fiat to avoid Subbit want to be acEe part in
market volaE. the ongoing success of the SBT
token and protocol, so will
purchase them from the market
constantly to contribute to
natural demand.
Vendors are rewarded with SBT Vendors are only ever paid out
token bonus payouts when they in fiat or SBT, regardless of how
choose to receive payment in SBT. their products were paid for.
Vendor
subbit-whitepaper-v1.7 34SUBBIT ecosystem
SUBBIT App (for users) Vendor Admin Panel
The Subbit App (for Android and Apple) is the Our powerful administration console is
engine of our marketplace. It gives our users packed with features to convert any product
instant access to everything they need to or service into a subscription package within
enjoy subscriptions. The features include our minutes.
patent-pending Subscription Management
System (SSMS), one-to-one messaging, Create fully customisable subscription
unlimited payment methods, budgeting tools packages, add and manage colleague profiles
and a subbit profile. for teams, view and manage payments and
produce reports to monitor performance.
Vendors can also send and receive messages
SUBBIT Smart EPOS and broadcasts to their subscribers for a
App™ (for vendors) complete end to end ehanced ubscriptions
experience.
Our Subbit Smart Epos App™ is turns
any smartphone into a complete mobile Fully integrated with SUBBIT App and
EPoS, allowing vendors to manage their SUBBIT Smart EPOS App™.
subscription business from any location.
With a built-in QuickScan function, SUBBIT Desktop
transactions are fast and frictionless,
and with in-app messaging vendors A full responsive desktop version of the
can broadcast their latest news, offers Subbit platform, designed to compliment our
and promotions to engage directly with native mobile apps and encourage sharing
subscribers like never before. amongst friends.
The desktop site allows users to share their
favourite vendors, packages and promotions
by text, WhatsApp, email or social media,
even if the recipient doesn’t yet have Subbit
APP installed on their device.
Vendors can share their desktop profile
with potential new subscribers to showcase
their subscription packages to a worldwide
audience.
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 35SBT Token
Our SBT Token is far more
than a speculative item. It
gives holders access to a truly
spendable item with genuine
growth benefits.
subbit-whitepaper-v1.7 36SBT Token
The Subbit ecosystem will
support our SBT token, which
will be available as detailed in Access to Earn SBT cashbacks
exclusive SBT-only and rewards for
our Token sale roadmap. subscriptions good use
SBT will be developed on the public Ethereum
blockchain as an ERC20 token. The Ethereum
blockchain is recognised as an industry
standard for issuing custom digital assets Vendors use SBT purchased by
platform for free Subbit to increase
and smart contracts. By developing on the when using SBT demand
Ethereum ecosystem we will gain utility of
the existing infrastructure, technology and
support.
The token will be redeemable on every
subscription product available in our Increasing benefits A marketplace built
for users who earn around SBT for
marketplace, and consumers will be rewarded and stake SBT easy spending
with a percentage-based discount whenever
they spend it. SBT will also grant consumers
premium access to special deals and exclusive
‘SBT-only’ products within the marketplace.
Our development roadmap also includes our
own distributed SBT protocol coin. The SBT
Coin will offer the same benefits as the SBT
token, but will be a fully developed protocol
and blockchain designed to act as the Bitcoin
of subscriptions..
SBT gives holders access to a truly
spendable asset with genuine growth
benefits
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 37subbit-whitepaper-v1.7 38
Investment
rounds
Private sale Pre-sale Main sale
(check website for dates) (check website for dates) (check website for dates)
Token Cap: 3.1 Billion SBT Token Cap: 1.86 Billion SBT Token Cap: 7.44 Billion SBT
Bonus: Undisclosed Bonus: 25% Bonus: 15%, 10%, 5%
subbit-whitepaper-v1.7 39Tokensale
We believe that digital tokens
are more than an asset for
financial speculation.
The purpose of this token sale is to raise enough capital to
establish a de-facto payment platform in the blockchain space and
become a leading global payment solution.
Start date: Sale supply / Total supply:
As detailed on website 12.4 Billion SBT / 20 Billion SBT
Project protocol: Token price:
ERC 20 ETH 80,000 SBT =1 ETH
You can find our current token price on our website
www.subbit.io
subbit-whitepaper-v1.7 40Core team
Our core team are perfectly
balanced to drive the mission
Alex Davy Andrew Tayo Andrei Didenko Onkar Chiroma
Alex is an accoladed Andrew is an Andrei is a seasoned Onkar is our Chief
digital expert and experienced tech Blockchain contract Technology Officer
UX government entrepreneur and specialist (CLO) and international
consultant (Founder) regarded blockchain solutions architect
consultant (Founder) (CTO)
Amy Yu
Amy is our
Relationship Director
with access to key
global markets
subbit-whitepaper-v1.7 41Core team
Michael Bacia Alex Antonov Zeki Sever Ashimi Adefesobi
Michael is a Alex is our chief Zeki is our Marketing Ashimi is our creative
seasoned blockchain Token and Smart Strategist with a rich director with a wealth
and business Contract programmer history in Fintech and of experience in
development expert Blockchain projects digital startups
CTO)
Amy Storey Umer Abbas Ahsan Imtiaz
Jerry Rana Amy is our lead Umer is our Lead Ahsan is our Lead iOS
Jerry is our Front End digital designer and Android Developer Developer
programmer co-creator of the
brand
Sofia Mancin Philip Filhol Rodrick Silva Nikolay Vaklinov
Sofia is our Social Philip is a specialist Rodrick is our digital Nikolay is our
Media Coordinator Token sale Social designer Blockchain Technical
Community Manager Coordinator
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 42Core team
Advisors
Our advisors are blockchain experts and key
community influencers
Prof. Simon Choi Stefan Beyer Gilhad Amir
Top global Token sale Experienced Banking and Fintech
lawyer blockchain and smart Advisor
contract auditor
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 43Disclaimer
subbit-whitepaper-v1.7 44Disclaimer
Please note that any acquisition and use
of tokens is by nature speculative and You understand and agree that the token is
intrinsically carries significant financial risks, not a security and does in no way make you a
including, but not limited to, the possible loss shareholder of our company. Nor does it give
of all value invested in tokens. you any right associated to the shareholding
or the management of any company,
Prior to purchase, carefully consider the including the application of our project, or
potential risks and, to the extent necessary, any of our affiliates or subsidiaries.
consult a lawyer, accountant, and/or tax
professional or other advisors to evaluate the You are solely responsible for seeking legal,
risk entailed. Do not overcommit. business, tax, regulatory, accounting and
financial advice in the jurisdictions relevant
We make no promises nor warranties for you when purchasing tokens. You should
whatsoever of possible gains or returns, in not interpret the contents of this white paper
cash or in any other form. You can potentially as legal, business, tax, accounting, investment
lose all your contribution. We also do not or other advice.
guarantee in any way the success or full
execution of our application of project. You acknowledge and agree that the token
sale is not an equity, assets, bonds, securities,
Tokens are utility token tied to our debenture, collective investment scheme,
application. They are not, and shall not be derivatives or any other financial instruments
used in any way as, equity, assets, bonds, or a sale of derivatives whatsoever. You
securities, debenture, collective investment understand and agree that the token sale
scheme, derivatives or any other financial is not done under the supervision of any
instruments. regulator. These terms do not represent a
prospectus for the issuance of an equity,
You understand and agree that the purchase assets, bonds, securities, debenture,
of tokens is not meant to generate any profit, collective investment scheme, derivatives or
interest, gain, dividend nor even to maintain any other financial instruments.
the substance of your contribution. Your
purchase of tokens is hereby only intended You acknowledge and agree that neither
to allow us to develop the application of this whitepaper, nor any of the tokens, have
our project in view of executing its vision as been or will be registered or filed under
mentioned in this white paper. the securities laws or regulations of any
jurisdiction or approved, recommended
You understand and agree that we do not or disapproved by any securities or other
owe any debt towards you with respect to regulatory authority nor has any such
tokens and will have no obligation to buy authority confirmed the accuracy or
you back any tokens you purchased or to determined the adequacy of this white paper
refund you in any way, nor to ensure you any and tokens.
advantage or discount whatsoever in relation
to, or in exchange of, tokens you purchased.
Apply to Buy SUB https://www.subbit.io/register/ subbit-whitepaper-v1.7 45Roadmap
Follow the progression of
SUBBIT Token sale through
our phased delivery roadmap.
subbit-whitepaper-v1.7 46You can also read
