BLOCKPIT REVIEW

BLOCKPIT REVIEW

  • Blockpit is Automated Tax Reporting for Cryptocurrency Traders
  • The Blockpit platform offers an overview of your current portfolio, its value in different currencies, the development over time, list of assets, a transaction history and the result of taxable gains per year.

 

MORE REVIEWS

(( Hi, sorry to interrupt you. We hope your finding this review informative. We invite you to join in developing a crowd sourced review about this project. Please use the MORE REVIEWS button for info on other projects and the link above to create an account and post your comments about this Project Review. ))

 

IDEA:

  • The process is a one-time setup, where read-only access to exchanges and blockchains is given by the user via API and public keys. Past and future transactions are imported in almost real-time to always keep the documentation up to date.
  • Licensed tax advisory partners are located in multiple countries and offer their seal of approval to liquidate risk of financial fraud with the click of a button.

PROTOTYPE PRODUCT:

 

WHITEPAPER HIGHLIGHTS:

Blockpit is an automated tool for crypto tax reports and portfolio monitoring. It provides seamless integration with exchanges and intelligent matching of trades across exchanges. Users can choose between calculation methods for optimized results and generate required tax documents.

 

  • Platform functionality
  • The Blockpit platform enables you to combine all your different sources of cryptocurrency income into one complete record. Including but not limited to trading profits, mining income, ICO participation, hardforks, airdrops, master nodes and more.

 

Import of transactions

  • Exchanges
  • Blockpit offers API import for well-known exchanges. Once an exchange widget is created, past trades will be imported and all future trades checked and imported regularly. Balances on exchanges are also checked in real-time and counted towards your portfolio. 
  • Mining
  • Depending on the form of mining performed (personal, pool, cloud) the import and also tax handling may differ. In general, a wallet address for receiving mining income needs to be provided.
  • Mining
  • Depending on the form of mining performed (personal, pool, cloud) the import and also tax handling may differ. 
  • ICOs/tokensales
  • Depending on execution of the sale, the user can input a smart contract address and contribution size or input the trade manually.
  • Passive income
  • Events like announced airdrops or hardforks will be suggested and added quickly, if the given event is supported by linked exchanges/wallets. 
  • Blockpit
  • API We will offer a simple and free API for exchanges, that want to offer our services to their users directly on their website. 

 

Market potential

  • Cryptocurrency adopters
  • Cryptocurrency is still in the early stages of adoption. Despite the transparency of Blockchains, pseudonymity makes it almost impossible to figure out the actual number of cryptocurrency holders. 
  • Tax consultant firms
  • While many countries have no clear tax regulations concerning cryptocurrencies, these are emerging rapidly. Users feel safe behind the pseudonymity of cryptocrurrencies, but will experience problems when trying to spend the profits gained by investing

 

HYPE:

  • 813 telegram users, 506 followers on Facebook and 492 Twitter followers.
  • 4 ratings on ICO bench. 

 

LONG TERM STRATEGY 

  • Vision is to offer a standardized, secure, precise and automated tax preparation process and offer an ecosystem for licensed tax advisors to connect to. This will ultimately result in a convenient and legal way to handle cryptocurrency taxes for our users.
  • Expand Tax Alliance in Europe (Germany, Switzerland, UK, France, Spain, Poland, Scandinavia & more). Integration in existing and in Europe predominant tax software in Q4 2018.
  • Set a worldwide standard for crypto taxation. Partnering with tax authorities worldwide in 2021.

 

TOKEN METRICS:

Token TAX
Pre – Sale 1 TAX = 0.06 EUR
Price in ICO 1 TAX = 0.10 EUR
Country Austria
Platform Ethereum
Website https://blockpit.io/
Whitelist/KYC KYC & Whitelist
Restricted Areas THE UNITED STATES OF AMERICA; PEOPLE’S REPUBLIC OF CHINA; REPUBLIC OF KOREA; ICELAND; BOLIVIA; BANGLADESH; EQUADOR; JAPAN; KYRGIZ REPUBLIC; NORTH KOREA; IRAN; IRAQ; LIBYA; SYRIA; SOUTH SUDAN AND CUBA
Pre-Sale 5th Sep,2018 – 26th Sep, 2018
Public- Sale 20th Oct,2018- 20th Nov,2018
Tokens for Sale: 150,000,000
Soft Cap 7,500,000 EUR
Hard Cap 12,500,000 EUR
Total Token Supply 215,000,000
Token Supply Breakdown 70%: Tokensale
15%: Future development & liquidity
7%: Pre-ICO contributors
5%: Team & Advisors
3%: Bounties
Bonus Crowd Sale
20%: Round #1
15%: Round #2

 

MORE REVIEWS