THE BITPRIME SUPPORTER INITIATIVE

Dear BitPrime Community, 

We are very grateful for your outpouring of support and goodwill during this challenging time (you can learn more about our recent trading freeze here).

Despite our difficulties, we are thrilled to announce that with some help from our partners in the crypto sector and key customers, we can confirm we will be able to resume our trading operations shortly for both our retail and OTC products. This is a crucial step, despite the ongoing complications, as it demonstrates our commitment to continue to serve our customers. We view this as a temporary interruption to our mission, as BitPrime will not be stopped.

Although we will be trading again soon, we are not out of the woods yet. We have active and ongoing negotiations to recapitalise the company, and we are confident in our prospects of closing such a deal. However, we still need immediate financial support to resume trading, cover operational costs, and keep our staff on payroll.

The BitPrime Supporter Initiative

We have received some amazingly generous support offers from our customers and the wider New Zealand cryptocurrency sector. Due to this surprising and overwhelming feedback, it’s clear that BitPrime only exists because of the community we serve. As such, we decided that a community-led solution is crucial for the company’s future trajectory.

With that in mind, we are launching The BitPrime Supporter Initiative (TBSI), which will allow the crypto community to support the company in various ways and take a significant role in the governance of BitPrime going forward. 

The support will take the form of contribution tiers, and the main rewards are: 

  • Governance DAO

    Participation in the Governance DAO

    If you are part of the DAO, you will be able to vote on company directions and propose and vote on resolutions. The DAO will be non-transferable and tied to the verified individual (Terms and Conditions apply).

  • PrimePass

    PrimePass

    Our new membership program will provide members with fees-free trading for the duration of their membership (Terms and Conditions apply).

You can check out all the tiers and rewards in detail below.

The campaign will be limited to 2,000 participants, and there will be no future opportunities to join TBSI once all tiers are fully subscribed.

The deadline to contribute to TSBI is 23:59 on Sunday, 29th May 2022.

Tier Descriptions

All tiers (except for Chain-Gang) get the standard rewards: participation in the DAO (voting rights proportional to the tier), access to the Annual General Party (AGP), and your name added to the supporter wall of fame.

Hodlers

$10-$99. Limit of 614 contributors.

To say thanks for helping out, we’ll be sending out supporter stickers! Like all the tiers, you also become a participant of the DAO.

Maximalists

$100-$499. Limit of 200 contributors.

Maximise, maximise! At this tier, as well as supporter stickers and DAO participation, you’ll be given six months of free PrimePass.

Bag Holders

$500-$1,999. Limit of 100 contributors.

Don’t be left holding the bag! You’ll get supporter stickers, DAO participation, and a whole year of free PrimePass.

Evangelists

$2,000-$9,999. Limit of 50 contributors.

Thank you for your belief in us. We’ll send out supporter stickers, DAO participation, one year of free PrimePass, and access to VIP support.

We are Satoshi

$10,000-$49,999. Limit of 20 contributors.

Thank you, Satoshi. At this level, you’re entitled to supporter stickers, DAO participation (proportional to your outstanding contribution), one year of free PrimePass, access to VIP support, and access to an exclusive video chat group (led by our CEO).

Lambo Club

$50,000-$99,999. Limit of 10 contributors.

This is very generous; thank you. You’ll get supporter stickers, DAO participation (proportional to your exceptional contribution), VIP support access, admission to an exclusive video chat group (led by our CEO), complimentary lifetime PrimePass, and our CEO on speed-dial.

Whales

$100,000+. Limit of 6 contributors.

We can’t express how grateful we are for your support. At this tier, you get supporter stickers; DAO participation (proportional to your amazing contribution); access to VIP support; access to an exclusive video chat group (led by our CEO); free lifetime PrimePass; our CEO on speed-dial; and a permanent feature-length article about you, your business, or a cause you support, on our blog.

Chain Gang

Non-monetary. Limit of 1000 contributors.

If you aren’t able to contribute financially, we would really appreciate your support in other ways. You can join this tier by:

  • Sharing this initiative with others who might be interested in supporting us (email friends, share on social media, etc.)
  • Writing a review for us on Trustpilot/Google/Facebook (please only do so if you are our customer)
  • Following us on social media
  • Signing up for our newsletter

Let us know what you did by selecting the “Non-money” method on the Contribute side panel.

At this tier, you’ll get participation in the DAO, access to the Annual General Party (AGP), and your name added to the supporter wall of fame.

Contribute

Payment Method
You must be verified to see content
You must be verified to see content

Please note that contributions are only possible for verified users. If you are not yet verified but would like to contribute, feel free to go ahead with the registration process here – our Compliance team is on standby.

Reward tiers

Hodlers

$10-$99. Limit of 614 contributors.

More info

601/614 Left

Maximalists

$100-$499. Limit of 200 contributors.

More info

187/200 Left

Bag Holders

$500-$1,999. Limit of 100 contributors.

More info

96/100 Left

Evangelists

$2,000-$9,999. Limit of 50 contributors.

More info

50/50 Left

We are Satoshi​

$10,000-$49,999. Limit of 20 contributors.

More info

20/20 Left

Lambo Club

$50,000-$99,999. Limit of 10 contributors.

More info

10/10 Left

Whales

$100,000+. Limit of 6 contributors.

More info

5/6 Left

Chain Gang

Non-monetary. Limit of 1000 contributors.

More info

989/1000 Left

What each reward means

DAO stands for Decentralized Autonomous Organisation. The BitPrime DAO will be formed as part of the company’s constitution. Members will be able to suggest and influence the company’s future direction. After this round of contributions, no more members will be added to the DAO. This will be non-transferable, so only the contributor will be able to be a part of the DAO. Voting rights will be proportional to the tier level of the contribution.

Please note that we will only create the DAO with a minimum of 250 supporters. Please read more in our Terms and Conditions.

This will be an annual event organised by the DAO and supported by BitPrime. It will be a get-together and social event for DAO members and BitPrime staff.

This will be a mix of The BitPrime Supporter Initiative stickers (both bumper and laptop stickers). These are only available to contributors in New Zealand.

We will provide you with the contact information of our VIP support team. Additionally, if you do not already have an account manager, we will set this relationship up for you.

The members of this group will be able to submit video requests to the group and receive responses from everyone. Our CEO, Ross Carter-Brown, will also be in this group and contributing.

PrimePass is a subscription service which is yet to be released to the wider BitPrime community. For the duration of your PrimePass subscription, you’ll be entitled to free* trading.

*Please note that “free” refers to the lack of margin. BitPrime will still price in minimal trading expenses. For more information, please check out our Terms and Conditions.

You will be provided with the CEO’s personal phone number and can communicate with him via text, call, or Whatsapp. Please note that Ross likely won’t answer calls instantly, as he’s busy running BitPrime, but he’ll do his best to answer every call and text within a reasonable timeframe.

You’ll be given the opportunity to publish a feature-length article on our blog. This can be about you and your life story, your business or venture, or a charitable cause you care about. We are happy to negotiate something else beyond this.

Terms and conditions

You can access the full Terms and Conditions for The BitPrime Supporter Initiative here.

Please note that contributions are only possible for verified users. If you are not yet verified but would like to contribute, feel free to go ahead with the registration process here – our Compliance team is on standby.

FAQ:

While we are working on raising capital, these contributions are needed to ensure the lights stay on by helping us pay for our staff’s payroll and several costs associated with closing a deal to fully recapitalise the business. We are already well prepared to raise capital: prior to recent events, we had been preparing for series-A capital raise for over three months.

We appreciate every individual who has shown us support in many different ways, which is why we have a non-monetary tier called Chain Gang. By choosing that option, you will be able to support us by carrying-out activities that won’t cost anything but will be of much value to us and will help us grow stronger. By choosing that option, you also get participation in the DAO.

You will be able to propose and vote on select resolutions from BitPrime’s board, as well as participate in the DAO forum and regular meetings with BitPrime management. The minimum number of contributors for the DAO to be formed is 250 persons.  Read our TBSI Terms and Conditions for more details.

We hope to create it as soon as practically possible. However, we need to talk with the DAO members in order to decide what blockchain to build the DAO on, and exactly what it will look like.

All tiers will give the participant proportional representation on the DAO and full involvement in discussions around various proposed resolutions.

Depending on the contribuition tier, PrimePass provides fees-free trading for the duration of the membership. This is also an opportunity to access a new product that has been in development for sometime before the general public. And through the DAO, you will be able to influence PrimePass and other future product development.

Yes. Please get in touch with our team at supporter@bitprime.co.nz in order to decline some or all of the rewards at your chosen tier.

Yes. This will be calculated automatically.

No, but they are able to become verified. Please head to the this page in order to conduct verification – our compliance team is standing by. Verification can be completed easily in minutes for most people. If we require additional information we will reach out to you.

Choose “Crypto” under Payment Method and select the coin you wish to contribute. (BTC, ETH, XRP).

Send the contribution (Amount of crypto) on the wallet address in the “Send crypto to” field. Once sent, obtain the transaction ID (Hash) from your withdrawal history in your wallet. Copy and paste the transaction ID (Hash) from your wallet withdrawal history to the “Transaction id” field.

If you need any assistance, email us at supporter@bitprime.co.nz.

You are able to contribute up to your monthly limits. If you would like to increase this limit to contribute more, or to attain a reward at a higher tier, please head to this page to increase your limits.

The deadline to contribute to TSBI is 23:59 Sunday, 29th May 2022, or until all tiers are fully subscribed, whichever comes first. Check TSBI terms and conditions for more details.

The following rewards will start to be fulfilled by June 20th 2022: Constitution of the DAO, wall of fame, supporter stickers, PrimePass subscription, VIP support service line, exclusive video chat group with our CEO, CEO on speed-dial. Also on June 20th 2022, eligible contributors will receive our Content Manager’s contact information to coordinate the details of the “permanent feature-length article on our website” reward. The AGP (Annual General Party) will be organised by the DAO members.

We are Off now.

We are not currently accepting new customer registrations - Update coming shortly.

0

Your Cart