Location
Zug, Switzerland
MyBit Foundation
Quick facts
Key employer details gathered in one place.
Company description
MyBit is the world’s most advanced IoT investment ecosystem. It enables anyone to invest in revenue generating IoT devices such as robotics, autonomous vehicles, smart property including co-working spaces and storage units, 3d printers, drones, cryptocurrency atms, cryptocurrency mining and much more.
The benefits of MyBit over traditional investment models are:
1. No excessive fees. MyBit takes 1% while traditional funds, for alternative assets, normally take 20-30% of revenue.
2. No delay on revenue distributions. MyBit has a blockchain powered, real-time revenue distribution management system which enables payments to be distributed to investors within seconds of an IoT device generating revenue. Traditional models typically process distributions on a quarterly or annual basis.
3. No financial barrier to entry. Anyone can invest on the MyBit platform without having to meet income or net worth requirements present in the majority of private funds.
4. No need to entrust someone else with your money. With MyBit your capital never touches another human’s hands which protects you from theft, fraud, misuse of funds, etc.
Vision
MyBit believes that people should be able to follow their passion instead of having to work to survive. By redefining the way people generate income, MyBit strives to democratise financial services so everyone has equal access to investment opportunities. This becomes critical when the future machine economy automates 800 million jobs by 2030 (Mckinsey, 2017) and the average person, whose job is automated, has no ability to participate in this new economy.
MyBit provides an ecosystem for the upcoming 11.1 Trillion dollar IoT industry (Forbes, 2017), with the belief that everyone should have an equal opportunity to participate in this revolution.
Technology
The MyBit Ecosystem is supported by two core applications.
The MyBit Investment Platform (MyBit DApp)
The MyBit Decentralised Application is the backbone of the MyBit Ecosystem. It enables anyone to invest in IoT assetsinstantly, securely, and at a fraction of the cost of traditional platformsand investment funds. It is the future of investing.
Decentralised IoT exchange (MYDAX)
MYDAX will allow users to buy and sell units of IoT devices, providing liquidity for alternative assets which hasnever before seen in history. This exchange is decentralised so there is no need for a broker to complete transactions. Trust between parties is automatically established via Blockchain technology.
The benefits of MyBit over traditional investment models are:
1. No excessive fees. MyBit takes 1% while traditional funds, for alternative assets, normally take 20-30% of revenue.
2. No delay on revenue distributions. MyBit has a blockchain powered, real-time revenue distribution management system which enables payments to be distributed to investors within seconds of an IoT device generating revenue. Traditional models typically process distributions on a quarterly or annual basis.
3. No financial barrier to entry. Anyone can invest on the MyBit platform without having to meet income or net worth requirements present in the majority of private funds.
4. No need to entrust someone else with your money. With MyBit your capital never touches another human’s hands which protects you from theft, fraud, misuse of funds, etc.
Vision
MyBit believes that people should be able to follow their passion instead of having to work to survive. By redefining the way people generate income, MyBit strives to democratise financial services so everyone has equal access to investment opportunities. This becomes critical when the future machine economy automates 800 million jobs by 2030 (Mckinsey, 2017) and the average person, whose job is automated, has no ability to participate in this new economy.
MyBit provides an ecosystem for the upcoming 11.1 Trillion dollar IoT industry (Forbes, 2017), with the belief that everyone should have an equal opportunity to participate in this revolution.
Technology
The MyBit Ecosystem is supported by two core applications.
The MyBit Investment Platform (MyBit DApp)
The MyBit Decentralised Application is the backbone of the MyBit Ecosystem. It enables anyone to invest in IoT assetsinstantly, securely, and at a fraction of the cost of traditional platformsand investment funds. It is the future of investing.
Decentralised IoT exchange (MYDAX)
MYDAX will allow users to buy and sell units of IoT devices, providing liquidity for alternative assets which hasnever before seen in history. This exchange is decentralised so there is no need for a broker to complete transactions. Trust between parties is automatically established via Blockchain technology.