Get ether and bitcoin simply and safely
Smart contract blockchain
Pedro Rodriguez - Director & Co founder
Ethbits is the simplest exchanger for exchanging fiat money for crypto currency and back. In its basic functionality, the project does not offer anything radically new. But they found, than to attract investors - Unlike most exchanges ETHBITS will be distributing up to 80% of the profit to the holders of the site token. That is, from the very beginning it becomes clear, due to which the profitability of ICO investors will be ensured. The idea seems to be excellent, but we must understand that, in addition to legal difficulties, this approach to profit distribution imposes certain restrictions on the project's growth opportunities. If 80% of operating profit is transferred to investors, at best 20% will be spent on the development of the project itself. In this case, it is unlikely that they will be able to take profits.
User ReviewWrite review 2 reviews
Well despite all the things they may advertise about this project it will still be an ordinary exchange. And that's nothing that much interesting to be an ICO. However they really focus on simplifying the process of buying the cryptocurrency with your normal money and that's always good and maybe it will make more people interested in investing in bitcoin and ethereum, as these are their main focus. They are going to open offices in all parts of world so they seem really ambitious.
I really like the idea to ease the money exchange from our regular fiat currencies into the crypto world. If the exchange turns out to be good and many people will use it, a holder of that token will get part of the profit, which because of the size of exchange market transaction can be expected to be a significant amount. Unfortunately they didn't seem to raise much money during the ICO stage, so I'm not so sure about future of this project.
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