Ceybit
Ceybit
Token: CYBT


Sri Lanka's Own Cryptocurrency Exchange

ICO dates
Start date:
End date:

Registrated in: Undefined

Platform: Ethereum
Type: ERC20

PREMIUM ICO

HARA

Empowering billions by utilizing a global and transparent data exchange.
Ends in 48 days 9 hours
Goal: 17,000,000 USD
Price: 1 HART = 0.059 USD

Dominium

Dominium Blockchain – The one-stop-platform for everything to do with property anywhere in the world!
Ends in 17 days 9 hours
Goal: 17,500,000 USD
Price: 1 DOM = 0.25 EUR
Ceybit categories
Artificial Intelligence Cryptocurrency
Ceybit whitepaper
Ceybit token sale
KYC passing required No | Whitelist No | Restriction for countries No
Soft cap 10,000,000 USD
Hard cap 25,000,000 USD
Tokens for sale 987,000,000
Token distribution in ICO
47%
47%
Acceppting ETH
Ceybit news, social
Ceybit search trends in Google
Random whitepaper excerpts

The Market is Just Starting
Cryptocurrency has taken the global financial economy by a storm. One of the by
-
products of this phenomena is the growth of
high volume, highly successful trading exchanges.
Exchanges are rapidly growing around the world facilitating the sudden global demand and popularity of cryptocurrency. Ex-
changes such as Bittrex, Coinbase have been reported to have added more than 100,000 accounts per day. It is predicted by
economists that exchanges will play a major role and be at the forefront of the internet of value.
A recent study conducted by Dr Garrick Hi
leman and Michel Rauchs at Cambridge
University purported that the number of
Individuals using Bitcoin and other
cryptocurrency will grow exponentially to
reach a staggering amount of 200 million
by 2024.
The sudden increase and demand in cryptocurrency has overhauled
the existing exchanges, forcing many to stop new user registrations
and others to upgrade their existing infrastructure...

Where Do We Come In
Introducing Ceybit, Sri Lanka

s first cryptocurrency exchange working on providing the tools to

leapfrog

Sri Lanka into the
modern financial economy whilst utilizing first mover advantages to fuel its token and platforms.
With your help, Ceybit will be
Sri Lanka

s first cryptocurrency exchange
, aiming to introduce its population of 21.2 million
people to cryptocurrency and the blockchain. Ceybit will be expanding to other nations as we aim to be a leading exchange for
developing countries. The expansion will start with
Malaysia
and then move on to
Philippines
and finish up with
Indonesia
.
In addition, Ceybit intends to become a gateway that provides its network of users three distinctive solutions which will be re-
leased in approximately three stages. The solutions are as follows:
Our Core solution
;
This will be the Ceybit Exchange. The exchange will be ...

There

s a quick way to...
ABSTRACT
-
THE MARKET IS JUST STARTING
2
CEYBIT SUMMARY
-
WHERE DO WE COME IN
3
WHAT THE RESEARCH LOOKS LIKE
7
WHY START WITH SRI LANKA? INEFFICIENT AND TROUBLED MARKET
7
FFES FEES...AND MORE FEES
8
FINANCIAL CULTURE AND ECONOMIC POLICY
9
CASH IS STILL...THE KING
9
EVERYONE

S GOT A SMARTPHONE ...RIGHT?
10
THESE DAYS EVERYBODY HAS HEARD ABOUT CRYPTO
10
PERHAPS NOT THE RIGHT KIND OF REACHING OUT
11
ALL SYSTEMS ARE A GO
11
CEYBIT

S PLATFORMS
-
SHOW ME THE GOODIES
12
THE CEYBIT EXCHANGE
13
EXCHANGES ARE TAKING OVER...WHICH MEANS HIGHER STANDARDS
13
HOW MUCH LOAD, CAN IT HANDLE
14
THE PAIRS
14
MAXIMUM COVERAGE
14
WHAT

S THE...CUT
15
REVISITING...SECURITY
15
USER PROFILES

Click to...
CEYBIT

S PLATFORMS
-
SHOW ME THE GOODIES (CONT...)
THE CEYBIT MERCHANT GATEWAY
24
GIVING ONLINE BUSINESSES AND EDGE WITH PAYMENTS
24
NOT FALSE PROMISES, REAL BENEFITS WITH BLOCKCHAIN TECHNOLOGY
25
CONNECTING BUSINESSES TO THE BLOCKCHAIN
25
ASSURING THE CEYBIT NETWORK
25
SIMPLE, INTUITIVE AND ESSENTIAL FEATURES
26
IT

S ALL ABOUT CEYBITS (CYBT) FOR THE MOMENT
27
ESSENTIAL COVERAGE
27
USER PROFILES
28
TOKEN MODEL SUMMARY
29
TOKEN VALUE PROPOSITION
29
EVERYONE NEEDS A TOKEN...WHAT

S OUR REASON
29
WHY THE BLOCKCHAIN
30
TOKEN TECHNOLOGY
30
AN EXCHANGE TO DRIVE A TOKEN ECONOMY
31
TOKENS BOUGHT BACK FOR REDISTRIBUTION
31
A WALLET ADVANCING THE USE OF BLOCKCHAINS
32
AN ENABLING GATEWAY FOR GROWTH
32
TOKEN METRICS AND CROWDSALE
33
TOKE...

It

s that easy...
MARKETING AND GROWTH STRATEGY
41
USER GROWTH POOL (UGP)
41
PARTNERSHIPS AND ALLIANCES
41
GO
-
TO
-
MARKET (ESTABLISHING A PHYSICAL PRESENCE)
42
BANDWAGON EFFECT
42
GOING GLOBAL
42
TEAM AND ADVISORS
43
FOUNDER
43
TECH TEAM
44
LEGAL, HR , MARKETING & BUSINESS DEVELOPMENT
45
ADVISORS
46
LEGAL
47
KNOW YOUR CUSTOMER (KYC)
47
ANTI MONEY LAUNDERING AND COMBATING THE FINANCING OF TERRORISM (AML
-
CFT)
48
REGULATIONS IN THE COUNTRY
48
RISKS AND DISCALIMER SUMMARY
49
FURTHER CONSIDERATIONS
50
REFERENCES
51
...

What the Research Looks Like
There is a large economic gap between developed and developing countries. Key factors such as
hyperinflation, financial
exclusion and lack of transparency
have contributed to this disparity. Residents in countries experiencing hyperinflation
tend to have limited stable saving options. Developing countries face financial exclusion due to lack of safe
and secure banks, where vast areas would have

banking deserts
’.

We as a country need to look at
this very seriously, and for that
we have to create an enabling
environment to bring crypto-
currencies into the system
”.
-
Central Bank of Sri
Lanka
Blockchain and cryptocurrencies have the ability to bring developing countries to the modern
economy by providing large number of unbanked people access to safe and secure banking. Un-
like private banks cryptocurrency exchanges do not need to spend money on infrastructure or
complex middle...

Looking Rather Costly
Fees, Fees...And
More Fees
Preliminary research into gateways available have identified the numerous costs and fees associated with the set
-
up pro-
cess:

Initial setup fee:
Providers charge a fixed sum to get businesses connected to the gateway.

Gateway maintenance fee:
recurring annual fees for using the gateway passed on to businesses.

Security deposit:
In order to maintain a payment gateway a security deposit is mandatory.

Commissions:
These are the transaction costs charged as a percentage of each transaction.
These cost structures are quite prohibitive to SME

s (Small to Medium En-
terprises) and startups. In some instances the amount of security deposit
required by some banks exceed the daily revenue earned by SME

s on av-
erage. This results in overhead costs that most businesses simply cannot
afford. The existing structure favours ...

Lets Look at Some Economic Factors
Hurdles around cost structures, requirements and restrictions are creating barriers to entry, diminishing gross margins and
making it extremely difficult for SME

s to not only integrate but operate an online retail solution. It leaves many of them inca-
pable of participating and contributing to the retail and e
-
commerce boom taking place.
Financial Culture and
Economic Policy
Empirical observations suggests the meager supply of banks have contributed heavily to the limited savings culture in Sri
Lanka.
Inflation is not yet a great concern for the economy as some other nations in the world, but recent trends in government
spending suggest the
nation might be heading towards a potential debt crisis as debt
-
to
-
GDP levels are sitting at a
staggering 95%
implying all government revenue is heading towards debt repayment [7,8,9]. More money spent paying debt
means less money left for education, ...

Ceybit Roadmap

1
2017 August
Idea conception and development
The idea to create an exchange during a time cryptocurrency was going mainstream.

Business formation
Market research & feasibility study
Preliminary research into the cryptocurrency use, acceptance and adoption in Sri Lanka.
2
2018 January-April
Working on an MVP
Development team recuitment
MVP development begins.

First round of Advisors appointed
Team expansion.
3
2018 May-July
Website goes live.

Whitepaper, One Pager and Pitch Deck released to public.

First media campaigns commence.

Sale registrations and KYC checks
Private sale commences.

Expand Dev ops and Marketing team.

Pre-ICO and Public Crowdsale.

Pre-ICO and Public ICO to have a 10 day gap in between.

Sale will be ongoing until fully subscribed.
4
2018 August-October
Prototype Appearance.

MVP launch.

Public first appearance of the exchange, testing and bounty programs.

Second media campaigns commence.

Expand legal and accounting teams.

Token transferability.

Token holders are able to move tokens to a decentrazlized exchange to trade.
5
2018 November-December
Exchange launch.

User growth pool releases commence.

Mobile wallet development.

Licenses & Support.

Banking license application.

Exchange customer support.
Customer care and arbitration teams recruitment.

Local marketing and educational campaign
Go-to-market strategies etc.

Formation of the Ceybit Foundation.
Initial members are appointed for governance.
6
2019 January-March
Going Mobile
Mobile wallet launch
Q2 wallet will be available for download.
7
August 2017
Idea conception and development;
Business formation;
Market research & feasibility study.
8
Jan - Apr 2018
Working on an MVP


Development team recuitment
MVP development begins;

First round of Advisors appointed;
Team expansion.
9
May - July 2018
Website goes live

Whitepaper, One Pager and Pitch Deck released to public;

First media campaigns commence.
10
May-Jul 2018
Sale Registrations

Sale registrations and KYC checks
Private sale commences;
Expand Dev ops and Marketing team;
Pre-ICO and Public Crowdsale
Pre-ICO and Public ICO to have a 10 day gap in between;

Sale will be ongoing until fully subscribed.
11
Aug - Oct 2018
Prototype Appearance

MVP launch
Public first appearance of the exchange, testing and bounty programs;

Second media campaigns commence.
12
Aug - Oct 2018
Token transferability

Expand legal and accounting teams;
Token transferability
Token holders are able to move tokens to a decentrazlized exchange to trade.
13
Nov - Dec
Go Live

Exchange launch
User growth pool releases commence;
Mobile wallet development;

Licenses & Support

Banking license application;
Exchange customer support
Customer care and arbitration teams recruitment;

Local marketing and educational campaign
Go-to-market strategies etc.;

Formation of the Ceybit Foundation
Initial members are appointed for governance.
14
Jan - Mar 2019
Going Mobile

Mobile wallet launch
Q2 wallet will be available for download.
Andrew Holmes
Team Andrew Holmes CEO

Navaseelan Nadesan
Team Navaseelan Nadesan Lead Solution Architect

Shiyanthan Muthiah
Team Shiyanthan Muthiah UI/UX Engineer

Sivatharan Arulanantham
Sivatharan Arulanantham Senior Software Engineer

Arik Donowan
Team Arik Donowan Ethereum Smart Contract Engineer

Pav Tissera
Team Pav Tissera Head of Legal & HR

Gemma Teresa
Team Gemma Teresa Paralegal

Shane Smith
Team Shane Smith Marketing and Social Media Manager

Jerald Fernando
Team Jerald Fernando Business Development Manager

Lesley Warnakulasooriya
Advisors Lesley Warnakulasooriya For Regulations & Compliance

Bimal Fernando
Advisors Bimal Fernando For Exchange Systems

Daniel Hernandez
Advisors Daniel Hernandez For UI/UX Systems Design

Steven Bitondo
Advisors Steven Bitondo CEO & Co-Founder of Node Capital

Corey Stedman
Advisors Corey Stedman CTO and Co-founder of Node Capital