BlockChat Sale & Handover Package

Welcome to the official handover and sale documentation for BlockChat. This document outlines all technical, legal, and operational aspects of the platform for prospective buyers. It also includes the seller's retention terms and platform access rights.

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🧾 Executive Summary

Platform: BlockChat - The #1 Community Building Platform (as-is) Sale Price: $ 200,000 USD - open to negotiation

Buyer: 90% Equity + all IP/Assets Angel Investor: 10% equity + owns 3.5m~ $BCD tokens (pre-merge to Solana) — Angel Investor is open to being bought out. See options below

Co-Founder Ivan is still keen to remain part of the team as outlined in the job description here.

Development Lead Iqrar and his team are ready to continue building. Learn more here

BlockChat is a decentralised communication platform for Web3 projects, enabling token-gated communities, live interactions, and decentralized governance using Bittensor-powered AI and blockchain technology.

The Beta platform is not complete and requires an additional $50K to finish over a 3 month timeline.

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⚙️ Platform Overview

🔑 Key Features

• BlockSpace Subscriptions (token-gated access)

• BlockSpace Live (host AMAs and events)

• BlockSpace Chat (live sub-channels)

• BlockParties (event management)

• DAO Voting (on-chain governance)

• BlockAds (decentralized advertising)

• BlockSpace Analytics (AI insights)

• Gated Sub-Channels

• Branding/White-label options

• $BCD token integration and utility

🎯 Target Audience

Project founders, DAO leaders, and Web3-native communities looking for a decentralized alternative to Discord/Telegram with real utility and monetization features.

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💰 Financial Overview

🧾 Costs to Date

• Platform development and engineering ($120K)

• DevOps and deployment infrastructure ($15K)

• Smart contract audits ($15K)

• Local events, SMM, Conferences, Sponsorships ($100K)

The Beta platform is not complete and requires an additional $50K to finish over a 3 month timeline. This will include the following:

View the working beta platform here: https://bcd-dev.site

• Notifications - needs some refining

• Highlight unread notifications

• Add timestamp

• BlockSpace Live (Twitter Spaces replacement)

  • Full audio only sub-channels for meetings

  • Add option for video streaming

• $BCD / $QUIL Token integration (gated sub-channels, DAO voting)

  • Payments for subscriptions

  • Payments for upgrades

  • Payment model will be based on new tokenomics plan 2% fee for buying through BlockChat and using $BCD (the fee will be burned reducing the supply)

  • $QUIL, ETH, USDC, USDT, Credit Card payments , BTC

• DAO Integration (Voting, grants, raises, events)

• Payment Gateway - BCD balance in dashboard

• Mobile App Development - Native to iOS and Android

• Gamification System

  • Earn XP by interacting with the platform, commenting, upvoting, posting etc

  • Referral system for bringing projects in

  • Completing tasks on your main page (setting up profile etc)

• Permissions for individual Sub-channels

• Mobile Application

Future Feature List

• 1-Click install BlockSpaces based on categories (nft, gaming, community, security, defi)

  • When creating a blockspace, the admin can pick a theme suited to their community so it will automatically create the appropriate sub-channels related to that community and also create appropriate permissions and roles. ALl the admin has to do is assign admins to those roles and tweak permissions if needed and token gate specific sub-channels to their liking

• Analytics dashboard for Admins

• User engagement metrics

  • Active Users

    • New Members

    • Churn Rate

    • Engagement Levels

• Content Performance

  • Popular Topics

  • Content views

  • Reactions and Feedback

  • User-generated content tracking

• Token and Economic Activity

  • Token distribution

  • Tipping Metrics

  • Monetization data

• Community Health Indicators

  • Sentiment Analysis

  • Moderator Actions

  • Conflict Zones

• Event and AMA Metrics

  • Event participation

  • AMA Engagement

  • Feedback Surveys

• Sub-channel performance

  • Ad performance

  • Revenue tracking

  • Ad Targeting Data

• Gamification and reward tracking

  • Leaderboard insights

  • Reward distribution

  • Challenge participation

• Custom Reports

  • Exportable Data

  • Scheduled Reports

  • Customizable Dashboards

• Security and Compliance Metrics

  • Login Activity

  • User verification data

  • Data privacy insights

• Video Streaming (like twitch - with the ability to tip content creators using the ticket system)

• Ticketing System (refer to new tokenomics breakdown bonding curves) - BlockSlips

• New Token creation (farming, staking) on QUIL

• Coloured blockspaces to match branding - only for that specific blockspace controlled by the admin wallet

• Advanced security functionality (rented NFTs for data ownership - I will explain more)

• Put Platform on Quilibrium with support from Cassie

• New Security features

  • Join verification (members must agree to join a blockspace if enabled)

  • Anti-raid

  • Anti-impersonate

  • Anti-Nuke

  • Anti-whitelisting

• Verification badge on profile for higher ranking on posts (costs the user a monthly or yearly fee to upgrade their account)

• A long way down the track have a BOT That creates and deploys a token for your project all done on blockchat

• Gitbook style documentation built into blockchat

• Colour coded user roles

• Event system for booking events and functions

  • Ticket system like eventbrite or lu.ma

• Personal profile colours themes

• Build a blockspace needs a revamp

• Sign in using any L1 wallet as well

• Support ticketing system

• Sub-channel within a sub-channel

• Additional Subnet integration to blockspaces (llm bots, chat bots)

• Account switching with ease… not having to click on disconnect and reconnect.

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💸 Revenue Model

• Subscription payments (in $BCD or Fiat)

• Advertiser revenue (Platform advertising)

• Premium analytics tools (Pay for premium acount)

🔗 Tokenomics ($BCD)

• Total/circulating supply

• Treasury holdings

• Vesting schedule

• Exchange listings & LP status (if applicable)

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🏢 Legal & Ownership Structure

🏛 Business Entity

• BlockChat (Registered in Australia)

📈 Cap Table (Post-Sale)

• Buyer: 90% equity of company

• Investor: 10% equity in company

  • Note: 3.5m~ $BCD tokens (pre-merge to Solana)

📜 Intellectual Property

• Full rights to codebase and technology stack

• Existing Metis L2 Token Contracts

  • New Solana Contracts + Staking and ICO platform

• Brand assets: logo, visual ID, name

• Domain ownership: blockchatdao.com

• Mastermind Group

• Sponsorhsip carry-overs

📄 Contracts

• Contributor and developer agreements

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💻 Technical Handover

🧠 Infrastructure & Code

• GitHub access to source code

• CI/CD pipelines and deployment keys

• Documentation for frontend/backend setup

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📣 Tech Stack Overview

BlockChat is a decentralized Web3 platform for community building. It enables users to create and manage BlockSpaces (like groups), organize conversations into Channels and Sub-channels, and interact through likes, replies, and discussions.

Frontend (client-side)

• ReactJS (JavaScript/TypeScript):

  • Fast, modular UI with component-based architecture

  • Uses Hooks and Context APIs for state management

  • Styled Components or CSS Modules for scoped styling

Backend (server-side)

• Node.js:

  • Handles REST APIs, real-time events, and server logic

  • Uses asynchronous, non-blocking I/O for scale

• AngularJS:

  • Powers internal admin panel and legacy UI components

• Drizzle ORM:

  • Lightweight, type-safe ORM for MySQL

  • Schema management and TypeScript integration

Database

• MySQL:

  • Stores user data, BlockSpaces, posts, permissions, and logs

  • Supports efficient relational queries

Cloud Infrastructure & Deployment

• AWS EC2:

  • Hosts frontend/backend with scalable infrastructure

• AWS S3:

  • Stores user media and static assets

  • Integrated with CDN for fast global access

AI-Integration (web3 powered)

• Bittensor Subnet APIs:

  • Decentralized AI for generating text and images

  • Used for posts, replies, and banners

  • Blockchain-secure and privacy-preserving

Web3 Permissions

• Web3 Identity Layer (future-ready):

  • Wallet-based login support (MetaMask, WalletConnect)

  • Channel permissions can be tied to wallet roles or smart contracts

🔑 Key Platform Features & Technologies

BlockChat's architecture enables powerful features for decentralized community management. Here's a breakdown of key platform functionalities and the technologies that power them:

🧩 Feature	⚙️ Technology Used
Creating BlockSpaces, Channels, Sub-Channels	ReactJS, Node.js, MySQL
Role-Based Permissions & Moderation	Node.js APIs, SQL-based permission models
Real-Time Interactions (like/unlike/post)	Node.js (WebSocket support optional)
AI Content & Image Generation	Bittensor Subnet APIs
Scalable Deployment & Storage	AWS EC2, AWS S3
Secure ORM & Type Safety	Drizzle ORM, TypeScript

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⚙️ Smart Contracts

• $BCD token contract (Metis L2)

• Solana token contract

• Solana ICO contract

• Solana Staking platform

• Keys or ownership transfer protocol

🔌 Integrations

• Bittensor API

  • Collaboration with SN19

• Any third-party APIs used

📘 Developer Docs

• Setup instructions

• Maintenance procedures

• Architectural overview (diagrams if available)

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📣 Branding & Marketing Assets

🌐 Digital Properties

• Domain: blockchatdao.com

• Social media: X & Telegram

• Newsletters or email lists (blockbulletin.xyz)

🎨 Design Assets

• Logo & icon sets

  • All source files

• Brand guidelines

• UI mockups/templates

  • Figma Access

📰 Public Relations

• Draft CoinTelegraph article

• User testimonials or media coverage

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📝 Terms of Sale

💵 Purchase Terms (Option 1)

• $200,000 USD total sale price

• Buyer receives 90% equity + all IP/assets

🤝 Seller Retention

• 1,000,000 $BCD tokens (or equivalent for an airdrop)

🤝 Co-Founder Retention

• 500,000 $BCD tokens (or equivalent for an airdrop)

🤝 Angel Investor Retention

• 10% ownership in the platform retained by investor

  • 3.5m~ $BCD tokens (pre-solana merge)

📝 Purchase Terms (Option 2)

💵 Purchase Terms

• $200,000 USD total sale price of BlockChat only

• Buyer receives 100% equity + all IP/assets

• $260,000 USD for Angel Investor to be bought out and return equity ownership (see below)

  • Potentially split between "X Company" for vested tokens.

🤝 Seller Retention

• 1,000,000 $BCD tokens (pre-solana merge)

🤝 Co-Founder Retention

• 500,000 $BCD tokens (pre-solana merge)

🤝 Angel Investor Retention

• 1,000,000 $BCD tokens (pre-solana merge)

• $260,000 Paid out for returning 10% equity of the business

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📅 Transition Period

• 30-day post-sale support from seller

• Technical handover + onboarding assistance (1-3 months)

  • Will help with hand-over of all documentation, hosting, emails etc.

📍 Optional Advisory

• Seller may act as strategic advisor (negotiable)

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⚖️ Legal Documentation

📑 Letter of Intent (LOI)

Preliminary agreement to:

• Confirm sale price and ownership terms

• Define due diligence and transition period

• Acknowledge seller's retained rights

📃 Final Sale Agreement

Formal contract to include:

• Transfer of IP and digital assets

• Token contract ownership and treasury

• Seller's equity and access clause

• Confidentiality and non-compete terms (if needed)

Note: Legal counsel is recommended to finalize these documents.

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🌱 Add-ons

• Pitch Deck for Fundraising has been completed, can be viewed here

  • Projections can be found here

🌱 Angel Investor

Open to being paid out so the buyer owns 100% equity in the company.

Terms;

• $260,000 USD paid out (initial investment)

• Retains 1m tokens (pre-solana merge)

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✅ Final Notes

This document serves as the complete BlockChat sale package. It includes technical infrastructure, financials, branding, legal structure, and community metrics, ensuring a transparent and confident transition to new ownership.

For inquiries or access to assets, please contact the seller or legal representative. All credentials, codebases, and documents will be securely delivered upon contract execution.