Starting now, you can link your Byteball and Bitcoin addresses for the upcoming distribution.

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During this distribution we'll distribute 10% of the total supply of bytes and blackbytes.  The remaining 88% will be distributed during subsequent distribution rounds, exact dates to be announced later.  The planned distribution percentages (subject to change):

2nd round: 20%
3rd round: 30%
4th round: 38%

The rounds will be spaced 1 to 2 months.

In each subsequent distribution round, we'll take a new snapshot.  The distribution rules in the 2nd and further rounds will be slightly different from the 1st.  You'll show both your BTC balances (as in the 1st round) and your balance in bytes (which you received in earlier rounds or bought from other users).  You have a sort of basket that consists of a mixture of BTC and bytes.  To determine the weight of the basket, every 62.5 MB are counted as 1 BTC.  For example, if you have 125 MB and 3 BTC, the weight is 2+3=5 BTC.  The distribution of new bytes in the 2nd and subsequent phases will be proportional to the weight of your basket.

My 1% doesn't participate in the 2nd and further rounds.

The ratio 62.5 MB per 1 BTC is chosen so that the total money supply of bytes (10¹⁵) and the total number of BTC in circulation (16,000,000) are equivalent.

Earlier adopters have the opportunity to participate in greater number of distribution rounds and receive new bytes in each round by using the same BTC balance and bytes received in previous rounds.  You are effectively doubling your stake in each additional round you take part in.

Track the progress of linking at http://transition.byteball.org

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