BXTB DeFi staking platform live on

Nov 6, 2020 at https://www.ybxtb.com

 

First game is scheduled to go online in mid November. 

Stay tune.

How does it work?

BXTB collateralizes existing Stablecoins such as USDT, DAI to create a "CHIP" stable coin in a  reversible process.

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The resulting Stablecoin is hosted on a side chain powered by Proof of Capacity, which is a low-energy, high throughput consensus mechanism

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Proof of Capacity
Simplified Explanation

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Proof of Capacity
An Analogy

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Proof of Capacity

Technical Explanation

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Proof of Capacity
Plotting

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Proof of Capacity
Mining

Transaction fees paid when moving CHIPS on this sidechain are paid out to YBXTB holders as yield, who are incentivised to maintain the collateralised CHIPS in the ecosystem.

1. Secure, high-throughput Stablecoins

Existing stable coins on fully decentralised blockchains have low throughput and are bogged down by network fees, making them unsuitable for use in enterprise use cases. A POC-based sidechain maintains reliable finality without compromising on throughput

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2. Incentivized collateralization

By using other Stablecoins as a base for its value, CHIP can maintain a reliable store of value. At the same time, users are incentivized  to collateralize their Stablecoins into CHIP in order to earn yield off the sidechain transaction fees.

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Existing stable coins on fully decentralised blockchains have low... 

By using other Stablecoins as a base for its value...

poc_1.png

Proof of Capacity
Simplified Explanation