Introduction BXTB DeFi

BXTB is a DeFi Protocol that aims to create a high-liquidity, high-throughput stablecoin (CHIP)

Extreme Simple Version

1. Mine BXTB governance token on our POC yield-chain or Buy BXTB token on exchange. (Available on Biki.cc)

2. Stake BXTB by attaching a Stablecoin (USDT)

3. Receive yBXTB + CHIP

4. Earn Yield by holding yBXTB, and use/sell your CHIP Stablecoin

What is BXTB DeFi ?

BXTB is a DeFi Protocol that aims to create a high-liquidity, high-throughput stablecoin (CHIP) that is gradually overcollateralized over time. CHIP are meant for use with real world industries needing transaction tokens (such as esport, the gaming industry) without requiring them to have their own collateral or reserves. The protocol uniquely generates yield (via transaction fees) to users who participate in minting CHIP stablecoins. This yield is accrued by pooling network fees for transactions of the CHIP stablecoin.

How it works?

It consists of a unique side-chain which called a "yield chain". The yield-chain is built based on Proof of Capacity (POC), a greener yet high-throughput alternative to Proof of Work and other consensus mechanisms. This yield-chain is programatically linked to the Ethereum blockchain as part of the CHIP collateralization process. CHIP have to be created by staking BXTB tokens. When BXTB is not staked, it acts as a governance token and has voting rights.

How staking works ?

BXTB tokens can be connected with a stablecoin from the Ethereum blockchain which "locks" it on the BXTB blockchain, generating a CHIP in the process and a yBXTB token. yBXTB holders receive a portion of network and transaction fees generated on by the movement and usage of CHIP.

In future, CHIP that are generated this way can also be programmatically linked to the parent yBXTB to earn a direct yield instead of a pooled yield.

Summary

CHIP transacted on the yield chain are used by real-world industries that need high-velocity and high-throughput transactions. Each time a CHIP is transacted, 0.05 % amount of the transaction is paid as fees to the yield chain reserves*, while another 0.25% amount of the transaction is paid as yield to yBXTB holders. This percentage amount is set via governance decisions made by BXTB holders, and can be set to any amount depending on the goals of the community (e.g. to promote increased collateralization and liquidity for growth, or to promote increased yield)

 

In future, CHIP that are generated this way can also be programmatically linked to the parent yBXTB to earn a direct yield instead of a pooled yield.

For high transaction application, CHIP run on a consortium dPOS chain that has up to 5000 tps, making it suitable for enterprise use cases (such as the gaming, esport industry)

© 2020 by BXTB Foundation

BXTB is a dual blockchain, dual token platform, developed and supported by the BXTB Foundation.