Frequently asked questions

What are your future scope and objectives?

Our mission at Blocksafe® is to foster a community of users and developers who are informed and empowered. By securing IoT with blockchain technology, we enable data ownership, device authenticity, and personal privacy. Our development team is focused on creating Blockchain-as-a-Service as well as our unique IoT platform (StreamIoT™).

Are you moving away from firearms and defense?

Not exactly. We plan to have several clients in the fiream and defense vertical. We are currently onboarding, partnering with, and developing multiple firearm and defense products and services on our StreamIoT™ Platform. However, our Platform will have useful services for many industries wanting to secure IoT with blockchain technology that offer data ownership, device authenticity, and personal privacy. Our team is exploring relationships across new verticals and horizontal markets; from financial services to augmented reality. Defense remains at the core of Blocksafe®.

Other companies seem interested in guns on Blockchain. Are you aware of these? What makes Blocksafe® distinctive?

There are many applications for firearms and blockchain. Guniary™ and GunShot Spot™ (partner products) are companies working with Blocksafe® to utilize blockchain technology. We believe our blockchain technology is the best for the firearms and defense space and we seek to offer solutions to serve specific use cases within enormous verticals of firearms safety and IoT.

What is the current status of your relationship with Justifire™?

As you likely know, Blocksafe® and Justifire™ are separate companies and projects. We have the utmost respect for the work being undertaken by Jason, the founder and CEO of Justifire™. We remain open to providing blockchain as a service to Justifire™ in the future.

How many partners with subtokens does Blocksafe® manage at the moment?

Our current focus is completing our platform and launching the testing phase of our network. When we are ready to onboard partners, they won't be managed by Blocksafe® -- they will be self-managed with Blocksafe® powering their network sidechain. The choice to have a token or not will be for the partner to decide. At this point Guniary™, a partner product, is planning to pilot the platform. We welcome introductions and discussions with additional partners, and will update when we're ready to take them on.

It has been months and I really have no idea about what you guys are doing! Why are you so quiet?

We are undergoing a full re-review and re-analysis of our token structure with our legal team, and will release information when we are able. Blocksafe® is also deep in development building our integrated StreamIoT™ blockchain platform. We look forward to an exciting future and will share additional information and updates with TRIG holders as soon as we are able.

Your original USP was guns, now your portfolio includes IOT. Why the shift? And, is the IOT market not already too crowded?

Great question. The shift that the outside world sees is not really a shift at all. What we mean by that comment is simply that "firearms" is an IoT use case. The technology underpinning the network is the same. Connected firearms and defense systems are IoT devices and our platform and technology are tailored for this use case. With StreamIoT, it will soon be possible to connect IoT devices to each other in an online portal. The platform is device-agnostic, meaning a user could connect firearms or cameras or speakers. The firearms industry is still a focus because firearm applications are a core interest for our founder Kevin Barnes. It just so happens that all other IoT devices are an application of the same technology, which gives us a lot of flexibility.

As for the IoT marketplace being "crowded," it's estimated that there will be roughly 70 billion devices online by 2025 (https://www.forbes.com/sites/forbestechcouncil/2018/03/16/developing-the-connected-world-of-2018-and-beyond). There may be other blockchain/IoT projects, but 70 billion means there is a lot of room for StreamIoT™.

We appreciate the question and hope we've answered it sufficiently.

What is StreamIoT™?

Our proprietary IoT platform, StreamIoT™, is an Internet of Things development platform that allows users of any skill level such as IoT device startups, garage engineers, and DiYers to take their IoT device dreams and make them real via a managed IoT communication platform while leveraging Blocksafe® blockchain technology. With StreamIoT™, users and companies can create custom systems of IoT devices for whatever purpose they desire.

How has the bear market affected blocksafe® financially?

Blocksafe® does not rely on trading or markets for funding. We are totally self-funded.

Was trig launch originally a crowd sale, an ICO or something else? What are the legal implications?

It was a crowd funding campaign (CFC) managed by Bittrex. Blocksafe® cannot offer legal advice in this space. No comments that we make here, or elsewhere, should be taken as legal or investment advice.

Could you comment on blocksafe technologies? Is there copyright infringement?

Blocksafe Technologies is a separate company from Blocksafe® with its own products and services and is in no way affiliated with Blocksafe®. Blocksafe® holds the trademark for the Blocksafe® name.

When do you expect to announce legal clarity from the SEC?

The first "no-action" letter issued to a cryptocurrency company by the SEC took 11 months to secure (https://www.coindesk.com/secs-first-crypto-no-action-letter-took-11-months-to-secure). Our team is taking every feasible step to reasonably assess how to best move forward in this era of regulatory uncertainty. We promise to update you as soon as we have "nailed down" our clear path forward.

SEC just announced a no-action letter for an other ICO, is blocksafe® going to speak with them to get the same clarity?

It's clear that you're up to date on the latest news in developments, so you probably understand some of the complex landscape and lack of regulatory clarity. As stated above, the first no-action letter from the SEC took 11 months to secure. Blocksafe® cannot offer legal advice in this space. No comments that we make here, or elsewhere, should be taken as legal or investment advice.

What is YOUR TOKEN?

Blocksafe® understands that users seek details about our token structure and plans for the future. With this in mind, we are undergoing a full re-review and re-analysis of our token structure with our legal team in light of an evolving regulatory landscape in the United States, and will release information when we are able.

Could you please show us the new roadmap including IoT & TRIGX?

We're working on this answer as a top priority! We'll post updates as soon as we have them.

Can you inform the community about the situation with trigs on indiesquare?

As Indiesquare stated previously, this was their technical software update error. We are eager to remedy this and will update when things are in motion. Thanks for your patience and support.

I have questions about the Indiesquare/Counterparty wallet and the TRIGGERS Counterparty token.

Please, contact their support team at support@indiesquare.me.

I have questions about the PayBito wallet for the TRIGGERS Counterparty tokens.

Please, contact their support team at contactus@paybito.com.

I'm having problems with the PayBito website.

If you experience issues with the PayBito website, please contact Lisa on their support team. Email: lisa.l@paybito.com

I stored my TRIGGERS in PayBito. What should I do now?

You don't need to do anything yet. Blocksafe® will release more information when we are able.

When will swap start and finish? What is the new token structure?

We're working on this answer as a top priority! We'll post updates as soon as we have them.

Has the masternode structure changed and what token(s) will give masternodes?

We're working on this answer as a top priority! We'll post updates as soon as we have them.

Will we be able to get our TRIG OUT from paybito to trade on any exchange while the swap occurs?

We're working on this answer as a top priority! We'll post updates as soon as we have them.

When will trig have its own dedicated wallet?

We're working on this answer as a top priority! We'll post updates as soon as we have them.

CONTACT US

GET IN TOUCH

©BLOCKSAFE® 2019