Wikibits, the Blockchain Based Solutions Driven Wiki

Cryptocurrencies are mostly community-driven, and there is one platform which is taking a step further in the same direction by creating a blockchain solution. The NewsBTC team caught up with the founders of Wikibits to know more about what they do.To get more news about WikiBit, you can visit wikifx.com official website.

Wikibits: Wikibits is the first solution-driven Wiki that is powered by our own cryptocurrency, WIKI Tokens. At Wikibits, we are taking a radical approach to how solutions are generated. Unlike other wikis out there, we are more than just an information portal. Wikibits bridges the inference gap that users experience with traditional search methods by tabulating community responses as a supplement to existing knowledge bases to provide users with the best answers and convenient access to products and services. Our platform, as the go-to portal for solutions, products, and services, will give objective and community-vested responses, reducing information fatigue and saving time to enhance the quality of life for individuals.

Wikibits: There are primary objectives and secondary objectives. Primarily, we aim, first and foremost, to provide a product that will save people time and energy while simultaneously collecting and tabulating information in a way that will be useful to humans. We want to achieve an ecosystem where information can be turned into knowledge, and knowledge can be directly translated to the real world. Wikibits intends to bridge gaps in existing knowledge bases and at the same time, seamlessly interlink users, solutions, products, and businesses in an integrated platform.

Wikibits: We are taking a hybridized business model, with a for-profit segment and a non-profit foundation. To generate revenue, the for-profit segment will engage in smart advertisements and marketable product development. Smart advertisements will be displayed relevant to the question posed or the answers retrieved. The nonprofit organization will receive a portion of the revenue generated to be used for scholarships and to aid in the development of information and blockchain technologies.

Wikibits: Our Alpha Submission Portal is scheduled to go live on January 25th, where presale and ICO contributors can earn Wiki tokens by contributing their knowledge on sponsored articles. The main purpose of the Alpha portal is to allow the community to interact and engage with each other on key areas Wikibits should target first during the beta development phase.

Wikibits: Wikibits has a win-win infrastructure for individuals and businesses. Individuals save time searching for solutions and finding the relevant products and services. For businesses, we bring the right customers to their doorstep.

Wikibits: Our base rate is 8,000 Wiki Tokens per Ether. We have a hard cap of 250 million WIKI tokens available during presale and ICO which is equivalent to 26535 Ethers. The majority of the funds will be used for product development and aggressive marketing to bring awareness of Wikibits to the public.

Wikibits: Our team is comprised of dedicated individuals with decades of combined experience in Global Fortune 500 companies and government institutions such as the National Institutes of Health, Reserve Bank of India, HP, Boeing, BMW, and Qualcomm.

Wikibits: Following the crowdsale, the Alpha portal will still be available for submissions. Meanwhile, we will be extrapolating data from community responses and existing knowledge bases using Natural Language Processing and Machine Learning Algorithms, followed by the development of the beta platform and the simultaneous commencement of aggressive marketing. And of course, listing our token to be traded on various exchanges.