(June 22, 2023) Please find the response to AMA questions submitted below. We filtered out any which were repetitive. Q: Is there possibility to rebrand the BP and swap the BP token to new one?similar happened to other token like FEG and ALLIANCE BLOCK and more A: As the funding climate improves, we will evaluate different ways to continue to build out the BP ecosystem. Should we secure funding to develop a new digital asset, this would be possible. An example would be a human performance-focussed dApp along the lines of what was discussed in our AMAs at the beginning of the year. Q: Will there be a team to continue the project? A: Yes, the team is committed to continue to evaluate ways to build out the BP ecosystem as the funding climate improves. Q: Why was there not an announcement about the Huobi delisting? A: The Huobi delisting was discussed in the chat and Huobi made an announcement. We did not, however, pin an announcement in the chat. We apologize for any inconvenience this may have caused. Q: Will the token release schedule be put on hold as well, why or why not? A: Tokens will continue to be released per the initial schedule to honor existing obligations. Q: It is suspected that by early 2025 the markets should be thriving, what ideas and plans does the team have for raising enough capital fully develop, market and lunch mainnet? A: To-date, BP has developed novel technology for device-to-device communication. In addition to securing devices using a combination of hardware signatures and distributed ledger technology – a standard we think will be part of the next era of cybersecurity best practice – the tech allows for creation of decentralized apps on top of any combination of devices. IoT is experiencing significant growth - devices are becoming more sophisticated and increasingly a part of our day-to-day lives. Unfortunately, so are hacks. In seeking financing, our plan would be to highlight how our solution solves burning needs. We’d showcase through PoCs how it can be used immediately to remedy real world problems without significant resource requirements. Q: With development paused, and the project on hold for some time, how is the team going to make sure the core code of the project up to date? We do not anticipate the core code will be materially outdated by the time we evaluate seeking new funding. Any funding needed to update the existing code base will be included in the prospective operating plan. Q: With development paused, there is no reason for anyone to buy the the token, does the team have any ideas to keep the price stable? Our focus will be evaluating different ways to secure new funding to grow the BP ecosystem as funding conditions improve (If we are able to build a new part of the ecosystem, as noted, we'd bring the community along - this might be through a token swap and/or grant). We will do this irrespective of market price. Q: Is there a possibility of a DEX trading? Due to the regularity uncertainty surrounding digital assets in the USA, BP will not be able to provide liquidity to support DEX trading at this time. Q: Will the white paper, and road map be updated, and posted on the beyond website . Updates will be communicated to the BP Announcement Channel and carried over to the website as appropriate. Q: Will the CTO be a little more active on social media, and in the telegram chat? Denis's primary focus during the “batten down the hatches” phase will be to evaluate how to best position the technology and roadmap to secure funding. That having been said, he will participate on social media and Telegram as he is able and it helps in achieving this goal. Q: Are there plans to partner with the IEEE to seek help with finding/development? In evaluating different ways to fund the further development of the BP ecosystem, we will review all potential opportunities. Q: What are the short term and long term goals the team has set for this project given the barriers faced?

(June 15, 2023) Hi everyone, I am writing to follow-up to our latest update. As discussed, the project is in a precarious and uncertain position reminiscent of our positioning during the 2018 crypto winter. While many founders opted to shut down their projects, we opted to develop a skeleton operating plan, batten down the hatches, and remain "default alive" until conditions might improve. In 2021, our plan paid off and after 2.5 years of relative inactivity, we were able to continue our work aggressively, developing PoCs with bluechip partners and scaling the community by tens of thousands seemingly overnight. As market conditions began eroding last year and a new winter set-in, we secured a funding arrangement from GEM Digital which would allow us to pursue a mainnet development plan. However, as announced in January of this year, after making some meaningful strides forward, we ultimately had to pause development as, based on market conditions, the funding commitment did not provide enough capital to pursue the plan. In our last update, we detailed the projects' positioning -- on one hand, there are some meaningful "assets;" however, on the other, there are significant headwinds. We mentioned how under a "worst case scenario," the project could "batten down the hatches" similar to what we had done in 2018, and evaluate additional opportunities for continuing to develop mainnet or another part of the ecosystem as circumstances improved (if we are able to build a new part of the ecosystem, we'd bring the community along - this might be through a token swap and/or grant). We mentioned how before we made a decision on a definitive moving plan, we would evaluate market conditions in 30-45 days to see if the GEM facility might provide an opportunity to continue the mainnet development plan. Unfortunately, as conditions did not substantively improve, and, instead, continued to deteriorate, we were unable to resume development. As a consequence, we are adopting our "batten down the hatches" plan. What does this mean? - We'll evaluate ways to leverage the technology we've built to secure funding and to continue to develop mainnet or build out additional parts of the ecosystem. We'll communicate any material updates to the operating plan in the Beyond Protocol Announcements Channel - As we won't have substantive updates for the time-being, we'll plan to pause activity in this chat on June 23. We recognize many in the community have bonded over a shared belief in the power of decentralization and passion for emerging tech. The Leadership Council is evaluating creating a group for those who want to continue these conversations. As we transition to this new phase, Denis and I will hold an AMA. Please reply with any questions you may have. We'll address by here by text or voice chat. We are grateful for your support of the project and our mission. With each passing day, the promise of blockchain-based solutions for IoT becomes more obvious. And with each passing day, the need for them becomes more pressing. It's undeniable that we are at the precipice of a new era. Decentralized IoT is coming -- it's just a matter of when.

(May 4, 2023) Hi everyone, I am writing with an update on the status of the project. As announced on April 23, an outcome to the computing hacking/hack back case I have been involved in was reached. From the outset, we have strived to be as transparent as possible about the matter, proactively disclosing it to all pre-salers, institutional investors, and relevant partners. We've discussed the circumstances in depth in our Telegram group and linked out to specific court documents. Although we were not anticipating the outcome, we had developed a corporate contingency plan in the event it came to pass. I will delve into the application of this given the current circumstances later in this message. We are in a precarious and uncertain position, very similar to where we were in 2018. Through the late spring and summer of that year, we raised a modest amount of capital as the 2018 crypto winter set in. We used the capital to build a functional testnet and developed a "skeleton operating plan" which would allow us to keep the project "default alive" until conditions might improve. At the time, the vast majority of founders in the space either thought the markets would not recover or they were not willing to stand by their projects until that time would come. Our decision to batten down the hatches and wait paid off. Although it took about 2.5 years of relative inactivity, we were able to continue our work in a significant way. Seemingly overnight, we scaled our community by tens of thousands and began working with bluechip partners on innovative PoCs. As market conditions began eroding last year and a new winter set-in, we were able to secure a funding commitment from GEM Digital which would allow us to pursue our mainnet development plan. However, as announced in January of this year, after making some meaningful strides forward, we ultimately had to pause development as, based on market conditions, the funding commitment did not provide enough capital to pursue the plan. As it stands right now, market conditions do not allow us to draw sufficient funds from the GEM Digital token facility to fund the mainnet plan (As discussed in-depth in the past, under the arrangement, BP draws down against the facility by "selling" tokens at a prearranged discount to the market price; the amount of funds BP can draw down at any given time is restricted by the trading volume of the token, among other parameters). So where do we go from here? On one hand, we have valuable "assets:" - core testnet, PoCs, and a portion of MQTT-to-blockchain portal - a supportive core community, who genuinely believes in our mission - meaningful partnerships and relationships in "tech" and "crypto" (e.g. PoC partners; Wintermute, Huobi, etc) - product-market fit: the "AI revolution" is validating the burning need to provide guardrails on how far it can go; by using PUF, BP's device-level tech allows consensus to be formed between devices (and the people behind them) as AI iterates On the other hand, we face considerable headwinds: - market conditions of our native token, "BP," are preventing us from drawing down adequate capital against the facility to finalize mainnet - funding for crypto projects has substantially diminished, especially those with a tradable asset - one of the founders to be absent from project for up to 18 months In working to plot a path forward, I think it's helpful first to review the "worst case" scenario: trade volume/token price continuing to render GEM Digital facility unviable Under this scenario, can BP, as an ecosystem, still push forward? In considering the "assets," the answer is "yes." It may mean developing and seeking funding for a new operating plan to focus on a more specific area of the ecosystem, and it may mean "battening down the hatches" for a prolonged period like 12-24 months as we've done before. In the event of this, we would determine a way to move forward together, stronger than before (this may be through a token swap, for example)

Hello everyone, As has been reported, an outcome to the computer hacking/hack-back case I have been involved in has been reached. We were disappointed by the news. Denis and I have begun the process of executing our corporate contingency plan and reviewing our moving forward strategy. We will have a subsequent update in 1-2 weeks with more information. We are grateful for your support.

Join us for a discussion on the latest at Beyond Protocol and a deep dive into a powerful new use case. /i/spaces/1YqJDowqwBaGV #blockchain #iot #ai #healthcare #crypto

We can anonymously “open-source” health information with blockchain tech providing the basis for a healthcare renaissance. #blockchain #iot #ai #cryptocurrency #healthcare

(March 4, 2023) Hello everyone, I am writing with an update to our Pre-Staking programs on MyCointainer. In an effort to promote a sustainable token economy and the longevity of the project, we will be restructuring rates. This in line with the dates we originally projected for a reduction and also responsive to community feedback. Effective March 11, the new rates will be: 11.5 percent for BP 13.5 percent for BPEV The new rates will automatically go into effect, and there is no action required on your end.

Hi everyone, Firstly, thank you to those who have dropped suggestions here. The feedback makes us better, and we will continue to do everything we can to adopt it. Secondly, I want to reiterate, we are still here building. In a couple in-depth messages a few weeks back, I detailed the circumstances surrounding mainnet and what we were working on. I also delved into this in our last AMA. To recap briefly for those who missed it: 1. Our target date for mainnet has to be rescheduled until market conditions improve. This is related to the mechanics of the funding arrangement with GEM Digital. As soon as we are able to publish a new date, we will 2. In the "bridge time" we are continuing to build and identify opportunities to materially scale the project - this includes looking for opportunities to double down on the use case work we've done to-date (for example, PHI dApp as described in our last AMA) A considerable amount of our time and energy is going into #2 right now. Although we may not be able to provide public facing updates about this work yet, do know we are working diligently behind the scenes. We remain committed to communicating transparently our positioning with the community as we navigate this period. We believe the type of tech we've been working to build -- full-stack blockchain solutions -- will be the focus of the next innovation wave in our industry, and we are working to position for it. I think it is fair to say that in the next 60-90 days, we will be able to provide definitive guidance on our moving forward plan.

Tune in Friday at 3pm EST for a discussion on the latest project updates and what has us excited recently. #blockchain #iot #crypto #cryptocurrency #web3

With the rapid advancement of AI, there's concern our devices will make decisions which are not in our best interest. Blockchain puts a check on this, allowing devices only to go so far, before they need consensus from stakeholders to continue. #blockchain #ai #iot #security

Join us Tuesday at 3pm EST for a discussion on all things Beyond Protocol, blockchain, and IoT. /i/spaces/1MnGnpyaBrkxO #web3 #blockchain #crypto #cryptocurrency #iot

(December 31, 2022) Hi everyone, Firstly, I want to wish you and your loved ones Happy Holidays and a bright New Year. This year was a challenging one for the industry, our project, and for many of us personally. That having been said, it’s been an honor being in the trenches with you, fighting the good fight. The work we’ve done here, “showing up each day,” and consistently grinding through challenges and working to find solutions, is something which I respect and admire. I am writing to follow-up to an emerging situation which I touched upon on December 11th in response to a few questions from a community member about the project’s present positioning and mainnet timing (see:

t.me

In my reply, I provided a summary of the project’s history: I detailed our initial operating plan for 2022, which involved securing growth capital ahead of mainnet launch and ecosystem development, and recounted how depressed market conditions and the pullback of funding to projects at our stage interfered with timing. I detailed how at the end of September, we were able to secure a $12.5M funding commitment from GEM Digital to fund mainnet launch and ecosystem growth. I reiterated the mechanics of the funding arrangement, which is directly tied to market conditions. I mentioned how when we closed the arrangement, based on market conditions at the time, and a moderate forecast for what they would be over the proceeding 6-9 months informed by global economic projections, we developed an operating plan which contemplated the launch of mainnet at the end of Q1 2023. I mentioned how a little over month after this projection, our industry went through crisis with the FTX collapse. For us, this meant a significant decrease in price per token in line with other digital assets at our market cap and the exit of our market marker from exchanges until the exchanges can satisfy our market maker’s risk management parameters, which has yet to happen; this has lead to a material decrease in trade volume. I mentioned that as a consequence, we have been working with our institutional partners to identify a plan which would allow for the continuation of the operating plan we developed originally. Should market conditions preclude this, I relayed that we would notify the community as soon as we had more information. Over the past couple weeks, after consultation with institutional partners, the conclusion has been a desire for us to slow down organically with the markets and continue to weather the storm vs. deploy scarce and costly resources to build into it to meet our March target. Although a bitter pill to swallow, this seems to be a universal practice in the industry at the moment. We count ourselves fortunate that we have the opportunity to see another day - many projects at our stage have been forced to shut down altogether. So what does this mean for the project moving forward? - We’re still pushing forward to mainnet, through it won’t happen by the end of March as initially targeted. Our $12.5M funding commitment from GEM Digital remains intact, we just can’t draw against at the levels we had previously projected due to current market conditions. As market conditions improve to allow for this, we will be able to achieve additional milestones on the roadmap, and notify the community as they are complete. - We won’t “stay idle” during unideal market conditions - we will work to identify potential partners to help us move the needle now, whether those be in the blockchain or IoT ecosystem, or both - We will evaluate alternative ways to gain traction, including launching pared down dApps expanding upon the existing use case work we’ve done, or in another vertical - As always, there is no guarantee any of this will work, but we remain focussed on our mission and won’t stop fighting for it

We wish our friends across the world Happy Holidays and a bright New Year! #Build #buidl #crypto #cryptocurrency #iot #blockchain

t.co

Research studies make controversial, “spooky” claims like mediation by monks can reduce crime rates outside their community. Utilizing IoT devices and blockchain, the legitimacy of these results can be verified. #iot #blockchain #crypto #cryptocurrency #web3 #research

Tune in tomorrow at 3pm EST for your weekly dose of all things IoT and blockchain.

t.co

#Crypto #web3 #blockchain #iot #cryptocurrency

Benefits of a permissionless public vs. private blockchain include positive feedback loops and network effects. Early adopters get to play an active role out-of-the-box and often times are rewarded for being early through tokeneconomic growth. #blockchain #crypto #iot #web3

t.co

Join us tomorrow at 3pm EST for a discussion on the game-changing utility of blockchain and IoT and a breakdown of when and why a digital asset is needed. Drop your questions below👇

t.co

#web3 #blockchain #crypto #cryptocurrency #iot

(November 28, 2022) Mercury, the first stage of Mainnet, provides access to Alphanet by the introduction of a new Beyond Protocol SDK. The SDK will enable developers to generate public/private key pairs, associate a wallet, and store transactions and data using a microcontroller. In the second installment of a three-part series, Denis Benic, Beyond Protocol’s Co-Founder and CTO, demonstrates how easy it is to connect an IoT device to the Beyond Protocol decentralized blockchain network and monitor it using the BP portal.

www.youtube.com

Fill out this form to be notified when the Mercury release of the Beyond Protocol SDK is available for public use:

forms.gle

Tune into our weekly AMA tomorrow at 3:00pm EST to discuss all things Beyond Protocol, IoT, and blockchain. Drop your questions below 👇

t.co

#crypto #cryptocurrency #blockchain #iot

Imagine info from all our devices anonymously and automatically published. Now imagine we get to say who can see it, and what they can do with it. Before a building is built, a foundation is laid. The foundation of the new world is being developed now. #blockchain #iot #crypto

Be sure to stop by our weekly AMA tomorrow at 2:30pm EDT for the latest project developments and to discuss all things IoT and blockchain. Drop your questions below 👇

t.co

#crypto #cryptocurrency #blockchain #iot

Blockchain and IoT allow us to specify who can do what with our devices and see when and where it was done — whether it’s bank vaults or autonomous vehicles traveling in a grid, this new tech helps us create a more secure future. #blockchain #iot #web3

t.co

Right now your doctor can't monitor you at home due to cybersecurity shortcomings. Blockchain + IoT eliminate these. The fabric of the new world is here. #blockchain #iot #web3 #cybersecurity #crypto #cryptocurrency

t.co

(November 11, 2022) Join us Sunday at 1:30pm EST for our weekly AMA on Twitter Spaces. The combination of blockchain and IoT matters and is here to stay. We'll be continuing our learning series by addressing the reasons why. Stay strong BPFAM!

twitter.com

#blockchain #iot #web3

Time for the next wave of innovation

(November 6, 2022) Mercury, the first stage of Mainnet, provides access to Alphanet by the introduction of a new Beyond Protocol SDK. The SDK will enable developers to generate public/private key pairs, associate a wallet, and store transactions and data using a microcontroller. In the first installment of a three-part series, Denis Benic, Beyond Protocol’s Co-Founder and CTO, demonstrates how easy it is to incorporate the Beyond Protocol SDK into a microcontroller that can securely communicate with other devices using MQTT.

www.youtube.com

Fill out this form to be notified when the Mercury release of the Beyond Protocol SDK is available for public use:

forms.gle

Tune into our weekly AMA tomorrow at 2:30pm EST to discuss all things Beyond Protocol and for a new installment of our learning series on IoT and blockchain. Drop your questions below.

t.co

#crypto #cryptocurrency #blockchain #iot

A restaurant's 🧂 will soon be connected to web3. The # of times we shake it over our 🍲 will be recorded on the blockchain anonymously. Economists, nutritionists, policy makers, biz managers, and chefs will use this data to improve quality of life. #crypto #iot

t.co

No more dystopia. A blockchain for IoT provides necessary checks and balances on AI, only allowing it to iterate if a consensus of stakeholders is met. #iot #blockchain #ai #crypto #cryptocurrency

t.co

Blockchain and IoT can help prevent market panic and supply chain crisis. For example, by putting crop yield data in a distributed ledger, we can all get an accurate sense of shortages as they develop, not after. #blockchain #iot #crypto #cryptocurrency #web3

t.co

RT @MEXC_Global: 🔨Launching the new MX DeFi with @beyondprotocol1 - Earn up to 200% APY by staking min. $100 #BEYONDPROTOCOL ⏰Event Perio…

(October 28, 2022) Join us tomorrow at 2:30pm EDT for our weekly AMA on Twitter Spaces. We'll kick off our learning series on IoT and blockchain, which will be fascinating and fun!

twitter.com

We'll start unveiling Mercury, the first stage of mainnet, soon. Smart contracts for IoT are coming. #iot #web3 #crypto #cryptocurrency #blockchain

t.co

Be sure to stop by our weekly AMA tomorrow at 2:30pm EDT for the latest project developments. Drop your questions below 👇

t.co

#crypto #cryptocurrency #blockchain #iot

Since 2015, references in academic papers to Industry 4.0 have increased 25x. Blockchain and IoT are the fabric of the new world. #industry40 #IOT #blockchain #crypto #cryptocurrency #web3

t.co

Tune into our weekly AMA tomorrow at 2:30pm EDT to discuss all things Beyond Protocol and Web3. Drop your questions below 👇

t.co

#crypto #cryptocurrency #blockchain #iot

The first wave of blockchain tech brought us smart contracts for finance. The next wave will be bring us smart contracts for everyday life. #IoT #blockchain #crypto #cryptocurrency

t.co

Join us tomorrow at 2:30pm EDT for our weekly AMA. We'll be discussing the latest at Beyond Protocol. Drop your questions below👇

t.co

#crypto #cryptocurrency #blockchain #iot

We're excited to be granted early access to @CoinMarketCap's new platform for communities. This is a verification tweet. Stay tuned for more info!

Be sure to stop by our weekly AMA tomorrow at 1pm EDT for the latest project developments and to discuss all things Web3. Drop your questions below 👇

t.co

#cryptocurrency #crypto #blockchain #iot

Beyond Protocol's mainnet will allow developers to build "Mega Apps" and smart contracts on top of any combination of IoT devices. #iot #blockchain #crypto #cryptocurrency

t.co

Tune into our weekly AMA tomorrow at 1pm EDT to learn more about our vision and what we've been up to. Drop your questions below 👇

t.co

#crypto #cryptocurrency #blockchain #iot

(September 22, 2022) We are pleased to announce we have secured a $12.5 million investment commitment from GEM Digital to launch our technology publicly and to support the development of the Beyond Protocol ecosystem. We are excited to lay out our plans for mainnet publicly. Click here to learn more. Late last year, we roadmapped mainnet for Q3 of this year. At the beginning of this year, we detailed what mainnet meant for us: it was going to be mainstream, building on top of our work to-date solving authentic, burning needs of high-profile parties to spread the good news about our breakthrough technology. Our objective was to attract as many developers as possible to start hacking and tinkering, writing the first lines of code for apps we can't yet imagine. In order to achieve this goal, we mentioned our plan to onboard resources ahead of mainnet, allowing us to transition from proof-of-concept phase to growth phase. Shortly after we released our vision for mainnet, as macroeconomic conditions soured, the industry went through a series of challenges which resulted in the onset of a "winter." With capital rapidly retreating, conversation about early-stage projects turned existential: would they survive? In our case, we mentioned not only did we have the resources and willpower to survive the winter; we were hoping to stay as true to our roadmap as possible. In our weekly AMA series, around two months ago, we began to open each session with a breakdown of where we stood relative to mainnet. We detailed the decision points which governed when it would launch: i. onboarding an institutional partner to fund our vision ii. technical readiness as it related to integrations with Tendermint/Ignite and Cosmos SDK (both of which have advanced significantly over the past year) and iii. the philosophy of product launch timing (this factor is less pragmatic and less prioritized than the former two). Most recently, we mentioned our plan would be comprehensive, allowing folks to get their hands on our tech as soon as possible to start building, while also providing for a comprehensive launch of the network, which would include the addition of new partners and tier-1 CEX listings. With the release of our plans today, we are excited to begin the work scaling Beyond Protocol. Our technology is unique in that it can solve burning problems now. In the months ahead, we're looking forward to growing our community and, together, to begin building the fabric of the new world.

Join us tomorrow at 1pm EDT for our weekly AMA. We'll be discussing the latest at Beyond Protocol. Drop your questions below👇 https://t.co/xq8J966ZrF… #crypto #cryptocurrency #blockchain #iot

The future of transportation is electric. Beyond Protocol's tech lets us all see which chargers are being used and for how long, helping us make better decisions about where to deploy more. #EV #blockchain #iot #crypto #cryptocurrency

t.co

Tune into our weekly AMA tomorrow at 1pm EDT to learn more about Beyond Protocol. Drop your questions below👇

t.co

#crypto #cryptocurrency #iot #blockchain

Autonomous vehicles will use blockchain technology to coordinate with each other in an unhackable grid governed by smart contracts 🚗 #blockchain #iot #autonomousvehicles #crypto #cryptocurrency

t.co

Be sure to stop by our weekly AMA tomorrow at 1pm EDT for the latest project developments and to discuss all things Web3. Drop your questions below 👇

t.co

#cryptocurrency #crypto #blockchain #iot

AI, IoT, and blockchain are merging to create the fabric of the new world. Beyond Protocol will allow us to vote on what our machines do and how they do it, bringing ethics to technology. #blockchain #AI #iot #ethics #cryptocurrency #crypto

t.co

Join us tomorrow at 1pm EDT for our weekly AMA. We'll be discussing the latest at Beyond Protocol. Drop your questions below 👇

t.co

#crypto #cryptocurrency #blockchain #iot