Even though the idea of a fully decentralized package delivery system...
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Delivery company reinvented
Bitpost is a fully decentralized package delivery system leveraging community members to provide services in their local areas, thereby building a global logistics network. Open to everyone. Beyond anyone's control. Powered by blockchain.
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We are pleased to announce that Bitpost project has begun its...
In today's article, we will focus on the financial aspects of...
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The Bitpost Network
Hub
Bitpost Hubs form the network’s backbone. The hub is responsible for sorting parcels and handing them over to the appropriate couriers. Any Bitpost driver can collect a parcel from the customer and leave it at the closest hub. Then other couriers take it and transport to the next hubs, until it reaches the hub nearest to the recipient, from where it will be delivered. Anyone can open their own hub in their neighborhood and earn money on each handled shipment.
Driver
Anyone can become a Bitpost driver and earn money by delivering parcels to individual recipients or transporting batches of parcels between sorting hubs. Install the app, find transport orders on the map of your neighborhood and hit the road. Going on a longer trip? Take a few parcels along the way, get paid by Bitpost and minimize fuel costs. Riding your bike around the town? Deliver few smaller envelopes by the way and get a profit from your hobby.
Locker
Bitpost parcel lockers allow you to collect and send Bitpost parcels 24 hours a day, 7 days a week. Bitpost supports parcel lockers in a completely open way. Anyone can buy or even build their own device and make it available for all Bitpost customers and couriers without any formalities or asking anyone for permission. The device provides its owner with constant, passive income.
Warehouse
Bitpost Decentralized Logistics is the upcoming revolution for the e-commerce industry. The network will distribute your product stocks among hundreds of small warehouses located throughout your entire buesiness area, and when you sell your product, your customer will receive it from the nearest one in a blink of an eye.
Tokens
BPX
The official Bitpost currency used for:
- paying shipping fees
- rewarding hubs, couriers, lockers and BPG holders
- security deposits
- compensation for lost or damaged shipments
BPX as the native coin of BPX Chain is also a general purpose cryptocurrency and can be used in applications other than Bitpost. BPX is already circulating and tradable.
BPG
The Bitpost governance token. BPG token allows its holders to:
- participate in votes on changes to the Bitpost protocol
- propose changes to the Bitpost protocol
- share in the profits generated by the project
- speculation on the project value
BPG public presale is underway!
Bitpost Concepts
The P2P delivery company
Traditional delivery companies rely on central sorting facilities, where all shipments usually arrive once a day. Regardless of the distance between the sender and the recipient, a parcel shipped today will be delivered at least tomorrow.
Bitpost works very differently. Independent drivers can transport parcels between neighboring hubs even every few minutes, if there are enough parcels to make it profitable.
As the Bitpost network will grow up and gain popularity, the delivery time will continue to shorten and ultimately it should be only as long as it takes to physically cover the route between the sender and the recipient, without any waiting time for transportation, making Bitpost the fastest delivery method in the world.
The Bitpost never sleeps
Traditional delivery companies have limited staff who only work during typical business hours. Every night, on Sundays and holidays, millions of parcels stand still waiting for the next working day to begin.
Bitpost is not a company and does not have any employees. It’s a decentralized community whose members work on their own rules, whenever they want, so if you only want, there is nothing stopping your parcel from being delivered on Sunday at 3:00 AM instead of waiting for the next business day.
When most drivers are off work, those who are on work get more orders and earn significantly more money. Such a mechanism naturally encourages to be active all the time.
Zero-knowledge security
Traditional delivery companies know the full personal data of their employees, sign contracts with them and can take legal actions against dishonest ones.
Bitpost network members are completely anonymous and identified only by cryptographic keys of their wallet, so the Bitpost has to deal with fraud in a different way.
Each party involved in handling your parcel must lock their own money in the Bitpost smart contract as a security deposit, before the shipment is entrusted to them. In case of theft, loss or damage of the parcel, the security deposit will never be released, instead it will be paid to the injured sender of the parcel.
Perfect tracking or no traces?
Bitpost has reinvented the parcel tracking system.
Instead of a few basic status updates, in the Bitpost tracking system you get a realtime updated map with the current location of your shipment, accurate down to a few meters. You get the speed your parcel is moving, traveled distance, route forecast, delivery progress bar and much more.
On the other hand, with one click you can send a parcel in such a way that no one on the world knows the address of the sender and recipient at the same time, and figuring it out is technically impossible. The sender does not know who the recipient is, the recipient does not know who the sender is, and each Bitpost network participant along the way knows only from which party they received it and to whom they should hand it over.
Invisible hand of the market
Bitpost doesn’t have any fixed price for sending a parcel. Basically, the shipper can pay as much shipping fee as they want. However, how quickly your parcel will reach the recipient depends on how much you offer for shipping.
A shipment with a high fee will be attractive to drivers and will reach the recipient in the blink of an eye. On the other hand, a shipment with too low fee will not be accepted immediately, but if a more profitable one appears nearby, the courier should take it by the way, so the underpaid shipment still has a chance to reach the recipient.
By observing previous transactions on the blockchain, it is possible to estimate what shipping fee is appropriate in a given geographical area, at a given time of day, for a given distance to the recipient to make the delivery quick and efficient.
Ecosystem
Decentralized and smart warehousing, fulfillment and inventory management for e-commerce industry.
EVM-compatible blockchain based on the innovative consensus algorithm. Provides a runtime environment for all Bitpost smart contracts and its native token is the Bitpost sole currency.
Synapse is a decentralized peer-to-peer network relaying, storing and delivering off-chain messages of arbitrary data. Used by Bitpost as a real-time communication layer.
Bitmarket is our official marketplace platform where you can shop for anything with crypto, with delivery by Bitpost.
Roadmap
January 2022
The idea of Bitpost was born. Starting work on the project.
May 2023
Launch of the BPX Chain mainnet.
April 2024
Launch of the Synapse P2P network.
September 2024
Start of fundraising - BPG token presale.
December 2024
End of fundraising - BPG token distribution.
March 2025
Bitpost smart contracts deployment.
June 2025
Bitpost minimal usable delivery dApp launch.
July 2025
Marketing activities to build a network and user base.
December 2025
Introduction of parcel lockers service.
June 2026
Introduction of Decentralized Logistics.
June 2027
Introducing Bitmarket - the official Bitpost marketplace.