Frequently Asked Questions

Q. What is a Distributed Autonomous Organisation?
A. A DAO (Decentralized Autonomous Organization) can be seen as the most complex form of a smart contract, where the bylaws of the decentralized organization are embedded into the code of the smart contract, using complex token governance rules. Owners of BBILLER's may choose to decide these bylaws, propose enhancements, new projects and products which are voted on by other owners. Winning proposals are funded from capital raised and profits earned. Some profits are distributed to token owners based on votes as Ethereum cryptocurrency.

Q. What is Ethereum?
A. Until relatively recently, building blockchain applications has required a complex background in coding, cryptography, mathematics as well as significant resources. But times have changed. Previously unimagined applications, from electronic voting & digitally recorded property assets to regulatory compliance & trading are now actively being developed and deployed faster than ever before. By providing developers with the tools to build decentralized applications, Ethereum is making all of this possible.

Q. Do I need an Ethereum Address?
A. Ideally you do, however since creating and maintaining a wallet can be difficult with the risk of losing your Ethereum or BBILLER tokens, we offer a service. The service is provided to you by Custodian Mutual Limited (CML). CML managers your account but does not have any access to your tokens and Ethereum money. You can still purchase BBILLER tokens from the bbiller.com web site and they will be held on your behalf by CML. You can send CML instructions along with your password to release all of your tokens. You can then send some of the tokens back to CML keeping the balance safe and accessing the amount you want to convert to cash, put them on your card or keep them with CML. We recommend you sell your dividends for cash and retain your original capital. The choice however is yours.

Q. How do I sell BBILLER tokens?
A. On the 31st December 2018, BBILLER tokens will be listed on various exchanges, at our own ATM's (pictured), and at our partners Kiosks found at local sporting clubs (Q2 2019).

Q. Who uses BBILLER Supply Chain smart contracts and Software?
A. Supply Chain might be an unfamiliar word to you, but it is something we all do. Just about everyone buys and sells goods and or services. BBILLER works for large, medium and small companies and for those employed in business or Government, its now easy to earn an income when also using the very software you helped to design, at your own workplace!

Q. How do I get a BBILLER token card and what can it do for me?
A. The BBILLER token cards are used just like a debit card and stores some or all of your BBILLER tokens. These stored value cards can also be used in our ATM's and partner fleet. (Q2 2019). The card is like a regular Visa/Master card but does not work with the current banking system since the current banking system holds your money and can take your money away from you either by Government decision, fraudulent transactions or unexplained fees.  Why pay JP Morgan and the Rothchilds?  Partner with your network and get a share!  Transactions between you and another person or business are recorded on the blockchain rather than on a centralised database which can be changed by the owner of that database as they see fit. The BBILLER system cannot take away your money away because you need to approve each transaction. Most card products give control to your funds (either over the Internet or in shops and at Bank ATMs). With the BBILLER card product, you can see the transactions between yourself and others on the blockchain. When you make a purchase, you are in control of the amount to be sent to the seller. You need to send the right amount from your card to the seller. The seller does not control the amount entered on the keypad. Furthermore, since the seller is not in control of the card, they don't get a chargeback fee by their Bank. If your card is lost or stolen, it's your responsibility and not BBILLERs. This is the difference between being your own Bank and relying on a Bank to safeguard your money.  The card sends Fiat money to the seller, but holds BBILLER tokens representing Fiat value.

Q. What is an Initial Coin Offer?
A. BBILLER has minted 11,100,000,000 tokens which it hopes to sell 5,500,000,000 between 30th September and 31st December 2018 to build a core Application for use by those involved in the buying and selling of goods and services. Already the company has built a smart contract for handling the invoicing or billing and payments process leveraging industry leader's experience and expertise. Owners of the tokens can expect to benefit from the use of the software being built. Owners and users of the software have most to gain. Since the BBILLER token offers income from the sales of transaction services, i.e users of the software pay a small fee to do their business processes such as selling their products using our applications, token holders receive a regular income to their Ethereum address. The frequency of deposits is up to token holders who make these decisions including how much is to be paid back to everyone.

Q. Am I eligible to participate in the ICO?
A. BBILLER is not selling shares, and there is much conjecture about whether the BBILLER security tokens are open to everyone. You should check with your legal advisor before purchasing.

Q. What will happen to unsold tokens?
A. All decisions concerning the company, tokens and bylaws are to be put to ballot from the 31st December 2018 using the smart contracts. At this time token holders decide their own future. Remember, anyone can have 1 free token and vote. As a voter, it does not matter how many tokens you have. If you hold 1 or 10,000 tokens, that's just one vote per proposal.

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