The machine economy is projected to produce trillions of dollars, with IoT devices operating in nearly every industry.
By enabling everyone to invest in these revenue generating machines, MyBit redefines the way people generate income.
Keep scrolling for a step by step walk through.
Asset Managers see opportunities and maintain the machines. In this example, a store owner has space for a Bitcoin ATM in his local supermarket and he has already arranged the necessary license and insurance.
Depending on location, the Asset Manager selects an asset from a variety of carefully selected partners, who supply the device.
To ensure that the asset manager meets the expectations of the investors, a portion of the asset’s value is put down as collateral.
Investors from all over the world invest in the Bitcoin ATM for a maximum of 30 days or until the funding goal is met. If the funding goal isn’t met, the funds are automatically returned back to investors.
Once the Bitcoin ATM is fully funded, the order and payment is directly sent to the selected partner.
The partner delivers the machine and installs it for the asset manager.
The asset is now generating revenue in the case the Bitcoin ATM as it charges fees for every transaction.
This revenue is distributed proportionally back to the investors over the blockchain. This means there are no brokers, middlemen or intermediaries, resulting in an cost-efficient, secure and transparent investment experience for everyone.