First Paying Customer Continued

September 4, 2018

This is an update regarding our first paying customer that we announced last week. You can read more about that here:

Our customer deposited a one time payment of 1.1 million BBN to access the following 13 data sources on the Banyan Network. (We have plugged in more data sources to our DVN that are not yet updated on our Medium. We will provide detailed information on these data sources in our DVN update 4 tomorrow.)

The BBN income generated by our customers will enter a smart contract and will be locked for 1 year. At the end of the lock up period, the community gets to decide the fate of these BBN, either they re-enter to circulate in the market or become destroyed.

The above image is our customer user interface displaying a summary of our first customer’s expenditures. This page shows which data sources have been accessed, the number of times each data source has been accessed and the BBN paid per data source. Due to our customer’s wishes, we have blanked out some information including the company name and the detailed breakdown of the data sources they are accessing.

Again, this is an important milestone for us at Banyan Network and we will share new customer updates going forwards.

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