In June, minister of Finance Tito Mboweni published proposed amendments to the Financial Intelligence Centre Act (FICA) for public comment.
by Imargin pty ltd
What is Blackbill
Blackbill (BIL) is a Stablecoin to (upon reaching 20M coins distributed) be backed by physical Gold in form of Bullions. Upon reaching 20 million coins in distribution, 1 (BIL) Blackbill will be pegged to a decigram of fine Gold. Our Gold (which is inform of bullions) will be stored through Imargin pty ltd in a private vault in South Africa. As of 2020 May, Imargin pty ltd owns half (50%) of a new South African Gold mining company, Lega Mining Pty. Blackbill blockchain uses a Quark (POS) type of algorithm
The BIL is also promotes philanthropy. We have launched a foundation program that is addressing poverty, hunger and access to quality education. Our foundation also attends to other charity issues through donations and community works participation.
Buy Blackbill
Mission
Our Blackbill Mission
The BlackBill is here to establish a gold-backed digital economy for everyone who forms part of it. Through BlackBill Partner (Partna), BlackBill enjoins local and international businesses to build a solid network that will promote economic growth, trading, whilst enabling you to transact at your convenience.
Imagine how the world would be if one currency was used, how Africa would be if one currency was used. This vision is going to create one economy for businesses and BlackBill holders. This will also improve circulation of money and sharing of gold economy.
Main Features
Blackbill Features
Open Source
Blackbill crypto sripts are open sources that are available to the public for reviews, utilization and support
High Security
Blackbill uses blockchain technology to secure and verify all the transactions made among users
Decentralized
Blackbill uses blockchain technology to secure and verify all the network transactions occurring between users
Fast Transaction
Our blockchain technology provides fast confirmation and verification of all network transaction within seconds
Products and Platforms
Our Systems
Blackbill: POS Device
This POS device is built on top of android operating system. It runs the blackbill partner app that allows our merchants to load, manage and sell their products. As of early 2020 this POS accepts the following cryptos:
- Blackbill
- Bitcoin
- Ethereum
- Litecoin
- Bitcoin Cash
Blackbill: Bullion
Blackbill bullion is made of 1oz of fine gold (24 carats). These Bullions will be stored in our vault and they will be deposits to back the entire supply of Blackbill Tokens in circulation (1 BIL => 1 decigram of Gold)
Trading Kiosk
This machine is a developing project which will deliver to our users some functions of ATMs. Services of this machines will be available at the designated stores of our merchants. Its services will range from paying utility bills, booking bus tickets, topping up your airtime, Purchase of electricity units, DSTV, Buying and selling of cryptos or sending/receiving cryptos instantly.
Mastercard
This Mastercard allows our users to spend Blackbill and other cryptos on POS/ATM/Online. It works like any other Mastercard and it is manageable though our ilocaltade platform.
Ilocaltrade
This digital exchange is the home of Blackbill cryptocurrency. It allows users to purchase/exchange/trade Blackbill using both fiat and other cryptos. This platform currently trades the following currencies:
- Blackbill
- Bitcoin
- Litecoin
- USDT
- Fiats: ZAR/USD/BWP/LSL
Blockchain
BIL Specifications
| Coin Name: | Blackbill |
| Ticker: | BIL |
| Algorithm: | Quark |
| Max. Supply (Hard Cap): | 1,000,000,000 |
| Available in Circulation: | 40,000,000 |
| Coins/Block: | 7.2 BIL |
| Masternode Collateral: | 10 000 BIL |
| Block Time: | 60 Seconds |
| Mastornode Minting: | 70% |
| Staking: | 30% |
Distribution Structure
Usage/BIL
RealTime Update
Reserve Transaction & Address
Address: BB4B4X8Q9a4m938XG3wZYm4pDWBYLSbN8A
Transaction: BB4B4X8Q9a4m938XG3wZYm4pDWBYLSbN8A
PROCESS
Company Roadmap
2018 June
Blackbill was launched in South African with over 2000 Users, Its first blockchain was scrypt based POW algorithm.
2018 Nov
Blackbill’s blockchain was upgraded to quark featuring masternodes.
2019 April
The prototype of our trading Kiosk was made.
2019 August
Ilocaltrade was upgraded to a full automated exchange.
2020 FEB
Blackbill 24 karats Gold Bullions were made.
2020 June
Blackbill is to become a stablecoin pegged by Gold.
2020 Aug
Blackbill partner, a community of merchants to be launched.
2020 OCT
ILTx mastercard to be launched.
Executive Team
Team Members
With over 9 years of combined experience, We've got a well-seasoned team at the helm.
Jay Barcollin
Project Manager & Developer
Thato Tsunyane
CMO
Susan Vermaak
Head of Partner
Olympas Mkhabela
Developer
Blackbill Listing
Exchanges & Platforms
Listed below are some of the crypto platforms where blackbill is listed.
News
Our Blog
The new version of Ilocaltrade (ILTx) digital exchange launched on Wednesday, June 17th features more trading and transacting functionalities and supports more digital assets.
Former South African ambassador to Germany, Lindiwe Mabuza has joined the first African tradable cryptocurrency, Blackbill during its first distribution that took place in the last half of 2018.
After numerous efforts and a series of modifications on the Blackibll stabilisation, Imargin is pleased to introduce the gold bullions as deposits to back the BIL tokens currently in circulation.