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.
The resulting Stablecoin is hosted on a side chain powered by Proof of Capacity, which is a low-energy, high throughput consensus mechanism
Proof of Capacity
Simplified Explanation
Proof of Capacity
An Analogy
Proof of Capacity
Technical Explanation
Proof of Capacity
Plotting
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
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.
Existing stable coins on fully decentralised blockchains have low...
By using other Stablecoins as a base for its value...
Proof of Capacity
Simplified Explanation