The purpose of creating TBTC is to accelerate Bitcoin transactions and reduce fees for transferring Bitcoin down to zero. At the moment, the main problem of Bitcoin is the lack of scalability, extremely low transaction speed and huge transfer fees. In some situations, payment processing time is critical. It is not always possible to wait for 6 confirmations on the Bitcoin network within an hour. As such examples can be cited: gas station, pharmacy, grocery store. Cryptocurrency should be much closer to users than it is now. Since it takes a few seconds to confirm payment on the TRON network, this is an ideal platform for a token that can at least partially replace Bitcoin. Tests conducted by our team on the Ethereum and TRON blockchains have shown that among these two promising platforms, TRON gives the best results. Large fees for the transfer of funds – this is the main problem of the Bitcoin network, which forced developers to create micropayment services. The abundance of micropayment services makes users understand the features of each. It also violates the decentralization of the network, since any micropayment service is centralized. The Bitcoin protocol allows you to send the smallest amounts, however, the fee in this case will exceed the amount of the transaction several times. In the Ethereum network, the fee can also be quite high with a high network load and increased gas cost. In the TRON network, the fee for the transfer TRC-10 standard tokens is not charged if there is a sufficient amount of Bandwidth, which is given free of charge, but in limited quantities. However, this resource can be obtained by freezing TRX. If you freeze TRX, the Bandwidth daily limit can be increased many times. There is also an option to pay for Bandwidth by burning TRX. In this case, it is similar to the fee for a transaction in other networks, but its value is much less.
Airdrop is a way to distribute tokens by giving them away for free based on certain conditions. Such conditions can be registration on a specific website, activity in social networks, filling out forms. Our team has chosen the most convenient way for users. Airdrop will be made for users who have been active on the TRON network recently. 10 TBTC will be transferred to each participating address. In total, 1,000,000 TBTC (1% of total supply) are allocated for airdrop, therefore 100,000 users will receive free tokens.
Initial coin offering
During the first week or until the goal is reached, tokens will be sold at a price of 0.15 TRX. The goal is to sell 10,000,000 TBTC (10% of total supply).
Mining of TBTC tokens is completely different from the mining of the original Bitcoin. 80% of all tokens are allocated for mining. At the start of the project, they are sent to the mining contract with open source code. Getting tokens from this contract is possible only through mining. TBTC emission (i.e. defrosting from a contract) is fixed and equals 3 TBTC per stage. This means that the issue of tokens will last about 12.7 years.
Team token lockup
Tokens that are not part of the ICO and do not participate in mining are frozen for the duration of the ICO.
There is currently a private sale of tokens in our group in Telegram!