First ICO on Byteball platform: Titan Coin

On November 4, 2017 starts pre-ICO of cryptotoken Titan Coin, which is provided with the goods of industrial production. For the first time in history, the ICO will be conducted on the Byteball platform, accordingly, the possibility of investing in the project is available only to holders of coins and tokens. Start pre-ICO Titan Coin will be held simultaneously with the day of the free distribution of Airdrop Byteball Bytes.

Byteball is a new generation of DAG-based crypto-coins without blockchain and mining, with fast and unchanged transactions that can be hidden or confirmed with the help of a third party. The platform was introduced in mid-2016. Its key feature is Airdrop - donation of tokens to the current holders of bytes. The nearest Airdrop will be held on November 4, 2017 at 05.23 UTC (full moon). At this time, all holders of Byteball Bytes will receive a certain number of tokens for free.
The price offered to investors of the project: 1 Titan Coin = 0.0005 GBYTE = 1 kg of ilmenite concentrate. The cost of the project in its entirety will be 56,000 Byteball or 1987 BTC in a crypto currency equivalent.
Pre-ICO will last for a month, approximately two months after its completion, the main stage of the ICO will begin. At the initial stage, Titan Coin is offered with an additional bonus up to 75% of the face value. At subsequent stages of ICO, the bonus from buying a token will be up to 25% of the nominal value.

The attracted funds are necessary for creation of high-tech production of titanium group products with high added value from titanium-containing raw materials on the basis of the existing resource base of Tailings Storage No. 1 of the Zlatoust ore management (Magnitok settlement, Kusinsky district, Chelyabinsk region). This site contains about 2 450 000 tons of waste sands.
The results of trial drilling and X-ray fluorescence analysis carried out by the Institute of Mineralogy of the Ural Branch of the Russian Academy of Sciences confirm that in the sands there is from 4 to 8% of titanium dioxide in the form of small particles of less than 0.4 mm in mineral ilmenite. Thus, the object is a warehouse of already mined and shredded materials, ready for industrial processing. When processing the entire amount of resources, about 350,000 tons of ilmenite concentrate with a TiO2 content of at least 42% can be obtained, the total value of which is more than $ 100 million.
Benefits for investors

The volume of raw materials offered for sale under the ICO is 100,000 tons (100 million Titan Coin). The company provides an opportunity to buy TiO2 at a discount of 15% of the market value in fiat money.
The repayment of Titan Coin will begin 3 months after the end of the fundraising. Quarterly redemption will be 10% of Titan Coin. Also, investors will have the right to exchange tokens for the corresponding volume of ilmenite concentrate.
 How important is TiO2

The global consumption of titanium dioxide increased from 4.5 million tons per year in 2005 to 6.8 million tons per year in 2016, which in money terms is about 13.5 billion dollars. The main countries providing growth in titanium dioxide consumption today are China, Indonesia, Thailand, the Philippines, India, Turkey, Russia and Brazil. Per capita consumption of titanium dioxide in China is 1.1 kg per year, compared with 2.7 kg for Europe and the United States.
In its pure form and in the form of alloys, titanium is used not only in the aircraft building and automotive industries, but also in the chemical, agricultural, food and medical industries, various industrial processes, as well as in sports goods, mobile phones and consumer electronics.
Depending on the total amount of funds raised, the project will be implemented in full or in part. The implementation of even the first stage of the project will allow the company to significantly increase the volume of products, as well as strengthen the autonomy of Russia in the world industrial arena.