What is Bayan Token?
The advent of Blockchain technology has created both revolution and disruption globally. Thousands of crypto-currencies have been birthed since but most have no real product or value propositions, bringing no higher purpose or real-world benefits to society. Naturally, this has created cynicism and criticism amongst detractors and equally with investors. This is where we at Bayan Token (BYT) come in. Driven by a belief of “Good For Goodness”, our value proposition is simple and humane: Participate in good and goodness will come back to you. To this effect, BYT is grounded on strong Islamic beliefs with growth and value created through real and existing economic projects that will not only bring returns to our BYT holders BUT also bring “goodness” and real-world impact to society.
Bayan Token is a shariah-compliant ERC20 token built on the Ethereum Platform. A token represents the ownership of 16 hours of access benefits of Private Cloud Server. Each Server has 2 Ghz of computing power, 1GB of memory, 5 GB of SSD disk and 10GB bandwidth per month of data transfer.
Proceeds from the BYT ICO will be used to fund several projects that will ensure growth and momentum of BYT. Beyond its utility factor, the Token is also backed by real-life, profitable projects that will not only support the whole ecosystem but also deliver impact for society as a whole – essentially bringing goodness to BYT holders and communities in ways beyond pure financial returns. And more importantly, these projects already exist and are not merely fictional, lofty ideas or at ideation stages.
The Projects include:
1. Development of a sophisticated Shariah compliant Artificial Intelligent-Equity Trader for Global Exchanges. Currently, the system is being completed and tested for the US Market and successful results have been obtained.
2. Expansion of 100 to 1,000 stores of Halal Grocery Mini Marts across Malaysia and South-East Asia region
3. Production and commercialisation of the cholesterol-reducing Basella Alba leaf extract as a health supplement.