Bytom Price (BTM)

What is Bytom(BTM)?

Bytom is a multi-bit asset interactive protocol. Different forms of heterogeneous bit assets (native digital currency, digital assets) and atomic assets (warrants, equity, dividends, bonds, information, forecast information) running on Bytom blockchain can be registered, exchanged, gambling and more complex interactive operations based on contracts through this protocol. Connect the atomic world and the bit world, and promote the interaction and circulation of assets between the two worlds. Create diverse assets and programmable economy based on blockchain technology.

Bytom token is BTM, which is a special token that is distributed to miners and nodes.

What can Bytom(BTM) be used for？

• Transaction fee for assets trading;
• Dividends of income assets;
• Deposits for asset issuance.

Who is the Founder of Bytom?

The founder of Bytom is Chang Jia, also the Founder and CEO of 8btc, a news company that aims to bridge the communication gap between Chinese community and outside world.

What Makes Bytom Unique?

The Platform Model of Bytom: Three-layer Structure

• Application layer: support the development of programmable Dapp, calling contracts for asset registration, written-off, trading and dividends distribution.
• Contract layer: account system, contract coding support
• Ledger layer (data layer): permissionless public blockchain layer, POWconsensus

Roadmap

2021.3.18 Bytom 2.0 WhitePaper released
2019.9.19 MOV (Layer 2 value exchange protocol) whitepaper released
2019.5.15 Bytom BaaS platform: Bystack WhitePaper released
2018.4.24 Mainnet released
2018.4.15 Tensority consensus algorithm paper released
2017.6.12 WhitePaper released
2017.1 Project started and the team was established

What is Bytom 2.0

While the decentralization of PoW creates huge value, it also brings extremely high costs. The solution of Bytom 1.0 is that the main chain adopts PoW, which is responsible for asset issuance, and the side chain adopts PoS, which is responsible for transaction efficiency. However, node operation costs were paid for two chains. Each year, 80 million BTM is paid to the main chain miner and 10 million BTM to the side chain nodes, bringing a heavy economic burden.
The economic security and economic efficiency of the PoS architecture also bring great convenience to the development of upper-level ecology such as DeFi, and it is more conducive to MOV to explore its most potential. The integration of technical architecture will inevitably bring great flexibility to the introduction of a more versatile smart contract system and developer ecology, which is the only way to shape an open ecology.
So that propose the architecture concept of Bytom 2.0, merge the architecture of MainChain & SideChain architecture into a unified platform, and integrate the multi-asset DeFi protocol on the unified platform, optimize the efficiency of asset flow, connecting the bit world and the atomic world, better serving the vision of putting assets on blockchain.

Initial supply

As Bytom blockchain upgraded Bytom 1.0's PoW consensus to Bytom 2.0's PoS consensus, there will be no more 80 million BTM mined every year, and the total supply of BTM will be reduced from 2.1 billion to about 1.566 billion BTM.

Cirucation supply

As Bytom 2.0 adopts PoS Consensus, it is necessary for verification group to carry a large number of BTM to participate in the long-term staking at a high staking rate to ensure the system security. Therefore, a large part of the total amount of 1566 million token will not be circulated, half of which are expected to be locked.

Annual additional issuance scale

In order to maintain the continuous operation of POS, the verification group still needs a fixed amount of additional BTM issuance as a reward, which is currently set to 30 million. The scale of additional issuance will be adjusted according to the actual situation to achieve the balance of security and economy.

How to obtain BTM token

• Obtain BTM at the exchange
• CrossChain assets to MOV in exchange for BTM
• Get BTM rewards through POS

How to use BTM token

• Voting governance: BTM holders can use BTM to vote and participate in the governance of important issues at the Bytom 2.0 public chain layer.
• Purchase basic services: When external projects request the use of basic services such as oracles on Bytom, they need to use BTM for payment. Service-related services such as oracle nodes need to collateral a certain amount of BTM to prevent doing evil.
• Consensus node election: Users who hold a certain amount of BTM can participate in the consensus node election, and all BTM holders can vote on candidate nodes.
• Participate in the mining of other public chains: In cooperation with other projects, BTM participates in the mining of other public chain projects such as Ethereum through cross-chain
• Staking mining: When issuing new coins in Bytom ecology, distributing some new coins to users participating in BTM staking is considered
• Trading fee discount: According to the amount of BTM held by the user in Bycoin and Byone, offer discounts on trading fees of different levels of various products in MOV
• Collateral and lending: BTM can be used as collateral assets for MOV stablecoins and lending products, and borrowing stablecoins or other assets.

Where to download Bytom Wallet?

• Bytom for Windows(x64): click here
• Bytom for Linux(x64): click here
• Bytom for MacOS : click here

Where Can You Buy Bytom(BTM)?

Investing in Bytom can seem complicated, but it is much easier when you buy Bytom through cryptocurrency exchange. Signing up for a cryptocurrency exchange will allow you to buy, sell, and hold Bytom — both for fiat money and other cryptocurrencies. Some of the most popular Bytom cryptocurrency exchange are:

• Huobi Global
• OKEX
• gate.io
• KuCoin
• Bittrex

Bytom (BTM) Community

• FaceBook: https://www.facebook.com/bytomofficial/
• Twitter: https://twitter.com/Bytom_Official
• Reddit: https://www.reddit.com/r/BytomBlockchain/
• Telegram: https://t.me/BytomInternational

What is Bytom (BTM) Contracts address?

• Ethereum: 0x4951beC6F4DFc23935C0Ec8Af92f231F4C20ea03