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ECONOMICS AND BUSINESS MODEL
Version 0.9
Blockchain and DAO technologies
Parallel application of blockchain and DAO technologies allows the Bhrigu system to solve several key issues at once.
1. Decentralization of the system's management.
2. Decentralized system of payment for the services and expert assistance.
3. Implementation of smart contracts between participants.
4. Decentralized registration of mutual projects.
5. Organization of safe decentralized data storage and processing.
6. Raising funds for the building of the platform.
Decentralization of the system's management.
В The system implies step-by-step introduction of decentralized management. At present the development of the system is proceeding in accordance with these principles: all works are carried out based on the team's mutual conferring and arriving at decisions by an agreed-upon algorithm. The algorithm is constantly getting improved with practice and is likely to be inbuilt into the system by the time the token has been issued and smart contracts have been introduced.
Besides, there is being created a decentralized independent voting platform for determining the order of the introduction of prognostication services and taking decisions on the key issues of the system's development. At the platform every interested participant of the project can express their opinion by voting for a service or on any other point by entering a certain contribution. Such financial contributions will serve as a proof of interest for the service or the issue in question.
On the second stage we expect to combine all the aforementioned ideas. Therefore, all the votings of the community will be stored in a decentralized fashion, while all the decisions of the community will be registered automatically and realized through smart contracts.
Decentralized system of payment for the services and expert assistance
The issue of an in-house token or crypto currency makes the system less vulnerable to economic changes on the market.
Every payment within the platform will be effected using the Bhrigu token; for convenience service fees will also be given in fiat (common) currency.
An exchange block will be installed and recommended for withdrawals without charging extra commissions.
Smart contracts between participants
In order to provide a high security level of paying for services, consultations, and products within the system there will be worked out and realized a standard smart contract with an inbuilt escrow agent.
Such a smart contract will allow to conduct payment transactions in which the sum paid will be held on a safe escrow account until the moment when the fulfilment of agreed provisions (like conducting a consultation) has been automatically confirmed.
Should a controversial situation arise, there will be a special system designed to settle the matter. Consequently, working as a decentralized platform, Bhrigu will provide safe conduction of transactions.
Every product present on the platform (service, training course, goods) will be given a code that will amass the information about the quality of the product by public approval within the platform – so that users can make conscious choices, and experts can follow users' opinions on their work. Decentralized data storage excludes the possibility of any foul play with ratings and comments.
Decentralized registration of mutual projects and organizations
Once the system of decentralized management and application of decisions has been set to work on the Bhrigu platform, it can provide services on decentralized registration of projects and organizations, as well as settle disputes related to registration.
Organization of safe decentralized data storage
Decentralized data storage based on the Blockchain technology will provide against external interference and the risk of data loss.
Decentralized repository has no one server that could ba attacked, or a group of servers that could be tracked.
The data will be separated into several parts stored randomly in different network nodes.
The whole network is safe and efficacious for storing and sharing data.
Bhrigu intends to ensure decentralized storage of the following kids of data:
— the community's votes and decisions;
— the quality of every service, product or goods present on the platform;
— event data base, including research results.
Raising funds necessary for the building of the platform
The funding of the Bhrigu project is managed by drawing in money via Pre-ICO – the team's view being that it is the most powerful way to ensure a successful launch and development of the project.
Fundraising is arranged on the expectations of significant (up to 80%) discounts on Bhrigu's upcoming services and products.
The company will do its best for unceasing implementation of the platform in its full capacity. Nonetheless, taking into consideration lack of stability in the legislative framework and many other relevant factors, the company warns about a possible risk of failure to fulfil the working plan cited in the present document. Therefore the investor puts in money being aware of the risks involved.
Initial Bhrigu tokens offering
In order to ensure safety of interrelations between the system, Bhrigu users, experts, and investors, the issue if infrastructure BHRIGU tokens will be effected.
All the participants of the system (users, traders, investors, experts, team) make up the Bhrigu ecosystem designed to bring to life the notion of available up-to-date predictions.
The BRI token is the circulatory system of the Bhrigu community
To ensure effective and just motivation of the experts and the team, the amount of the contribution to the ecosystem of every one from these categories of participants will be directly correlated to results of the system's predictions (database and the quality of the prognostication algorithms).
With this purpose in view the Development Fund will be established which will afterwards be replenished with the users' payments for services.
Every token holder will be granted a personal level of access to the system services depending on the number of tokens on their accounts.
The BHRIGU tokens will be offered for sale on stock exchange thereby giving the opportunity to buy them openly (to residents of countries where purchase of tokens is legal). Token can't be sold to residents of the USA, Singapore, PR China or other countries where the sale of tokens may require its registration as listed security.
Therefore, issue of in-house tokens is necessary for creating in-house economics which will establish transparent and just relationship between all participants – experts, investors, traders.
It is a necessary step towards building up the technologic infrastructure (PROGNOSTIC SERVICE – API – BAAPS) which will be used by insurance, investment and pension funds as well as other system users. The complete implementation of the infrastructure is scheduled for the year 2020.
For securing a maximum effectivity of the technology, access to the infrastructure can be obtained only by those in possession of a significant number of the BHRIGU tokens.
1. Decentralization of the system's management.
2. Decentralized system of payment for the services and expert assistance.
3. Implementation of smart contracts between participants.
4. Decentralized registration of mutual projects.
5. Organization of safe decentralized data storage and processing.
6. Raising funds for the building of the platform.
Decentralization of the system's management.
В The system implies step-by-step introduction of decentralized management. At present the development of the system is proceeding in accordance with these principles: all works are carried out based on the team's mutual conferring and arriving at decisions by an agreed-upon algorithm. The algorithm is constantly getting improved with practice and is likely to be inbuilt into the system by the time the token has been issued and smart contracts have been introduced.
Besides, there is being created a decentralized independent voting platform for determining the order of the introduction of prognostication services and taking decisions on the key issues of the system's development. At the platform every interested participant of the project can express their opinion by voting for a service or on any other point by entering a certain contribution. Such financial contributions will serve as a proof of interest for the service or the issue in question.
On the second stage we expect to combine all the aforementioned ideas. Therefore, all the votings of the community will be stored in a decentralized fashion, while all the decisions of the community will be registered automatically and realized through smart contracts.
Decentralized system of payment for the services and expert assistance
The issue of an in-house token or crypto currency makes the system less vulnerable to economic changes on the market.
Every payment within the platform will be effected using the Bhrigu token; for convenience service fees will also be given in fiat (common) currency.
An exchange block will be installed and recommended for withdrawals without charging extra commissions.
Smart contracts between participants
In order to provide a high security level of paying for services, consultations, and products within the system there will be worked out and realized a standard smart contract with an inbuilt escrow agent.
Such a smart contract will allow to conduct payment transactions in which the sum paid will be held on a safe escrow account until the moment when the fulfilment of agreed provisions (like conducting a consultation) has been automatically confirmed.
Should a controversial situation arise, there will be a special system designed to settle the matter. Consequently, working as a decentralized platform, Bhrigu will provide safe conduction of transactions.
Every product present on the platform (service, training course, goods) will be given a code that will amass the information about the quality of the product by public approval within the platform – so that users can make conscious choices, and experts can follow users' opinions on their work. Decentralized data storage excludes the possibility of any foul play with ratings and comments.
Decentralized registration of mutual projects and organizations
Once the system of decentralized management and application of decisions has been set to work on the Bhrigu platform, it can provide services on decentralized registration of projects and organizations, as well as settle disputes related to registration.
Organization of safe decentralized data storage
Decentralized data storage based on the Blockchain technology will provide against external interference and the risk of data loss.
Decentralized repository has no one server that could ba attacked, or a group of servers that could be tracked.
The data will be separated into several parts stored randomly in different network nodes.
The whole network is safe and efficacious for storing and sharing data.
Bhrigu intends to ensure decentralized storage of the following kids of data:
— the community's votes and decisions;
— the quality of every service, product or goods present on the platform;
— event data base, including research results.
Raising funds necessary for the building of the platform
The funding of the Bhrigu project is managed by drawing in money via Pre-ICO – the team's view being that it is the most powerful way to ensure a successful launch and development of the project.
Fundraising is arranged on the expectations of significant (up to 80%) discounts on Bhrigu's upcoming services and products.
The company will do its best for unceasing implementation of the platform in its full capacity. Nonetheless, taking into consideration lack of stability in the legislative framework and many other relevant factors, the company warns about a possible risk of failure to fulfil the working plan cited in the present document. Therefore the investor puts in money being aware of the risks involved.
Initial Bhrigu tokens offering
In order to ensure safety of interrelations between the system, Bhrigu users, experts, and investors, the issue if infrastructure BHRIGU tokens will be effected.
All the participants of the system (users, traders, investors, experts, team) make up the Bhrigu ecosystem designed to bring to life the notion of available up-to-date predictions.
The BRI token is the circulatory system of the Bhrigu community
To ensure effective and just motivation of the experts and the team, the amount of the contribution to the ecosystem of every one from these categories of participants will be directly correlated to results of the system's predictions (database and the quality of the prognostication algorithms).
With this purpose in view the Development Fund will be established which will afterwards be replenished with the users' payments for services.
Every token holder will be granted a personal level of access to the system services depending on the number of tokens on their accounts.
The BHRIGU tokens will be offered for sale on stock exchange thereby giving the opportunity to buy them openly (to residents of countries where purchase of tokens is legal). Token can't be sold to residents of the USA, Singapore, PR China or other countries where the sale of tokens may require its registration as listed security.
Therefore, issue of in-house tokens is necessary for creating in-house economics which will establish transparent and just relationship between all participants – experts, investors, traders.
It is a necessary step towards building up the technologic infrastructure (PROGNOSTIC SERVICE – API – BAAPS) which will be used by insurance, investment and pension funds as well as other system users. The complete implementation of the infrastructure is scheduled for the year 2020.
For securing a maximum effectivity of the technology, access to the infrastructure can be obtained only by those in possession of a significant number of the BHRIGU tokens.
Token sale arrangements
The initial placement of tokens took place in Mar-28-2020 01:21:15 PM +UTC
New token BHRIGU in the amount of 2'100'000'000 BHRIGU minted 24.07.2020. BHRIGU(BRI) is the main currency in BHRIGU's financial architecture.
Total to be implemented BHRIGU tokens will be sold, with the DAO Bhrigu reserve comprising 0.35 billion BHRIGU tokens.
Sale of BRI 1'750'000'000 contains of:
— direct sales
– 1'575'000'000 BRI tokens
— partnership programs, bounty – 175'000'000 BRI tokens
Total to be implemented BHRIGU tokens will be sold, with the DAO Bhrigu reserve comprising 0.35 billion BHRIGU tokens.
Sale of BRI 1'750'000'000 contains of:
— direct sales
– 1'575'000'000 BRI tokens
— partnership programs, bounty – 175'000'000 BRI tokens
Distribution of Bhrigu tokens:
83.33%, 1.75 billion – external distribution of tokens
— sale to participants during crowdsale - 75%
— distribution in accordance with partnership programs, bounty) - 8.33%
— partnership programs, bounty – 175'000'000 BHRIGU tokens
83.33%, 1.75 billion – external distribution of tokens
— sale to participants during crowdsale - 75%
— distribution in accordance with partnership programs, bounty) - 8.33%
— partnership programs, bounty – 175'000'000 BHRIGU tokens
16.67 %, 0.35 billion – Bhrigu team and reserve (vesting levied)
— working out of AI and platform - 8.67%
— team - 5%
— experts, advisers - 3%
Before there is an open token sale there will be held a step-by-step sale of tokens by preorder with a discount.
It may occur that all tokens will be sold up.
The maximum target sum will run to $11 million
BHRIGU sale conditions at Pre-ICO
— working out of AI and platform - 8.67%
— team - 5%
— experts, advisers - 3%
Before there is an open token sale there will be held a step-by-step sale of tokens by preorder with a discount.
It may occur that all tokens will be sold up.
The maximum target sum will run to $11 million
BHRIGU sale conditions at Pre-ICO
ETH/USD rate
Stages
Number of tokens
ETH (approx.)
PRICE, in USD
SUM in USD
1
13 000 000
0,00002
0,001
13 000
2
21 000 000
0,00004
0,002
42 000
All tokens unsold during Pre-ICO will be sold at ICO. ICO BRI 1 cost is USD 0.01
Conditions of BHRIGU sales during Pre-ICO in the year 2020
Services for BHRIGU token holders
Holding token sale we offer all prospective token holders the ability to receive exclusive access to a part of the developing infrastructure of the neuron net.
Holders of large amounts of infrastructure tokens will be getting different levels of access to prognostic business services:
— indicators of traditional as well as crypto markets (possibility of rise/fall of asset prices)
— indicators of possible advent of important events that can influence the market
— auxiliary trade service products (bots, portfolio monitoring products)
— analytical products (ICO ratings, analysis of the market condition, portfolio analysis)
Product access limits
In order to avoid a diminution of prognostication value (considering limited market capacity and prospective influence on it), access and the set of available services will be limited and granted for BHRIGU tokens. We post here the first complete version of the net of access to Investment services on the conclusion of the token sale.
Services for BHRIGU token holders
Holding token sale we offer all prospective token holders the ability to receive exclusive access to a part of the developing infrastructure of the neuron net.
Holders of large amounts of infrastructure tokens will be getting different levels of access to prognostic business services:
— indicators of traditional as well as crypto markets (possibility of rise/fall of asset prices)
— indicators of possible advent of important events that can influence the market
— auxiliary trade service products (bots, portfolio monitoring products)
— analytical products (ICO ratings, analysis of the market condition, portfolio analysis)
Product access limits
In order to avoid a diminution of prognostication value (considering limited market capacity and prospective influence on it), access and the set of available services will be limited and granted for BHRIGU tokens. We post here the first complete version of the net of access to Investment services on the conclusion of the token sale.
Distribution of funds obtained after Token Sale (100%)
Development Fund (12%)
Setting up a dynamic motivating pool for experts (including founders and co-founders).
Charity Fund (3%)
Fund supporting and developing Knowledge (schools, ashrams, instructors and s.o.).
Team (25%)
Budget for performing administrative duties.
Marketing, PR, advisers, legal advice (15%)
Promotion of the Bhrigu platform – new generation prognostication services –
for perpetual growth of the number of experts and users.
for perpetual growth of the number of experts and users.
Development of AI and the platform (45%)
Carrying out scientific work, creation and development of AI, infrastructure design, creation and promotion of services (development of Data Science, Machine Learning, AI, API, BAAPS, services, mobile applications, smart contracts and s.o.). Functional expenses – salaries, office rent, etc.
Changes of a participant's status and access possibilities with the change of their involvement in the project
Changes of a participant's status and access possibilities with the change of their involvement in the project
User
Balance:
BHRIGU, up to 15'000
BHRIGU, up to 15'000
Access level:
Use of the platform and the purse, active participation in promotion of your own net through the referral program, possibility to up your status to Club Member.
Use of the platform and the purse, active participation in promotion of your own net through the referral program, possibility to up your status to Club Member.
Discount:
0%
0%
Club Member
Balance:
BHRIGU 15'000 – 75'000
BHRIGU 15'000 – 75'000
Access level:
Possibility to up your status to Expert Participant
Possibility to up your status to Expert Participant
Discount:
15%
15%
Expert
Balance:
BHRIGU 150'000 – 3 million
BHRIGU 150'000 – 3 million
Access level:
Participation in development and right to get reward for development. Charge-free advertisement on the platform. Expert status. Access to classified information about platform development.
Participation in development and right to get reward for development. Charge-free advertisement on the platform. Expert status. Access to classified information about platform development.
Discount:
15%
15%
Discount on business services 20%
Partner
Balance:
BHRIGU 3 million – 30 million
BHRIGU 3 million – 30 million
Access level:
Participation in development and right to get reward for development. Charge-free advertisement on the platform. Adviser status. Access to classified information of the second level. Free astrological consultations.
Participation in development and right to get reward for development. Charge-free advertisement on the platform. Adviser status. Access to classified information of the second level. Free astrological consultations.
Discount:
100%
100%
Discount on business services 50%
VIP
Balance:
BHRIGU 30 million (100 million being the upper limit)
BHRIGU 30 million (100 million being the upper limit)
Access level:
VIP person status. Access to classified information of the first level. Free astrological consultations.
VIP person status. Access to classified information of the first level. Free astrological consultations.
Discount:
100%
100%
Discount on business services 100%
Partnership program
Even now every new participant receives a reward of BHRIGU 1000 on their personal virtual account. The partnership program is active in this version up to the moment ICO gets started.
1. The System's active participant (1) involving a new participant (2) receives BHRIGU equivalent of 10% of the sum invested by the new participant.
A sum in BHRIGU by the currently announced rate will be accrued to the dummy account of the active participant (1).
2. The System's active participant (1) who involved a participant (2) who in their turn involved a new participant (3) receives 3% of the sum invested by the new participant (3). A sum in BHRIGU by the currently announced rate will be accrued to the account of the active participant (1).
Monetization of experts' intellectual input
The experts comprising the Bhrigu ecosystem provide a source of prognostication algorithms for the neuron net on the one hand and offer specific services that can influence future events on the other.
To ensure an effective function of the whole system, the platform makes it possible for both professional and non-professional experts as well as analysts belonging to different systems to monetize their intellectual labor.
Every expert in the ecosystem will be able to generate their own prognostication algorithms. Upon the new algorithm having been tested on the real event database, the expert receives a reward commensurate to their contribution.
Every Bhrigu expert enjoys the possibility to consult users, post professional material, create their own brand, set up a school, a shop, and s.o.
The expert can create their own rating of both users and professionals. The number of points in both ratings can increase and decrease depending on the opinions of users and other experts. The rating is open for viewing, which provides the needful competitive motivation for each and every expert.
The rating gets fixed at the end of each month, and the best experts share between themselves a monetary award according to the points received during the month. With the beginning of a new month the rating gets reset to nil (to give everyone fair chance during the new timespan) and a new monthly run begins.
The monthly monetary award is provided by the Reserve Fund. The amount of the monthly award and the rules of its sharing are announced before the beginning of each month.
Even now every new participant receives a reward of BHRIGU 1000 on their personal virtual account. The partnership program is active in this version up to the moment ICO gets started.
1. The System's active participant (1) involving a new participant (2) receives BHRIGU equivalent of 10% of the sum invested by the new participant.
A sum in BHRIGU by the currently announced rate will be accrued to the dummy account of the active participant (1).
2. The System's active participant (1) who involved a participant (2) who in their turn involved a new participant (3) receives 3% of the sum invested by the new participant (3). A sum in BHRIGU by the currently announced rate will be accrued to the account of the active participant (1).
Monetization of experts' intellectual input
The experts comprising the Bhrigu ecosystem provide a source of prognostication algorithms for the neuron net on the one hand and offer specific services that can influence future events on the other.
To ensure an effective function of the whole system, the platform makes it possible for both professional and non-professional experts as well as analysts belonging to different systems to monetize their intellectual labor.
Every expert in the ecosystem will be able to generate their own prognostication algorithms. Upon the new algorithm having been tested on the real event database, the expert receives a reward commensurate to their contribution.
Every Bhrigu expert enjoys the possibility to consult users, post professional material, create their own brand, set up a school, a shop, and s.o.
The expert can create their own rating of both users and professionals. The number of points in both ratings can increase and decrease depending on the opinions of users and other experts. The rating is open for viewing, which provides the needful competitive motivation for each and every expert.
The rating gets fixed at the end of each month, and the best experts share between themselves a monetary award according to the points received during the month. With the beginning of a new month the rating gets reset to nil (to give everyone fair chance during the new timespan) and a new monthly run begins.
The monthly monetary award is provided by the Reserve Fund. The amount of the monthly award and the rules of its sharing are announced before the beginning of each month.
Bhrigu ® 2020
SIA RAH SPHERE
Reg.N 40103917713
Adress: Lačpleša iela 57-8, Rīga, LV1011
AS SWEDBANK
Kods: HABALV22
Account: LV68HABA0551040415298
The tokens have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to or for the benefit of US persons (as defined in Regulation Sunder the Securities Act) unless they are so registered, or an exemption from the registration requirements of the Securities Act is available. One such exemption allows the resale of tokens purchased for their own account and for investment purposes only by investors who are not otherwise affiliated with the Company SIA RAH SPHERE, have been exposed for some time to the economic risks that ownership of tokens entails, and are not part of the distribution of the tokens.