Post
Topic
Board Announcements (Altcoins)
Re: BYTEBALL: Totally new consensus algorithm + private untraceable payments
by
Tony128
on 09/09/2017, 22:38:09 UTC
Distribution of bytes is finished.
Total distributed: 57,444.473272169 GB.  It's about $19m at the current rate.
New available supply: 583,896.4940036 GB.  Coinmarketcap is already updated.

I'll update when blackbytes are distributed, it is going to take about 3 days.

Distribution of blackbytes is now finished.

The 10th round will be on the Full Moon of November (November 4, 2017 at 05:23 UTC), and the rules stay the same:
BTC to bytes: 1 BTC of proven balance gives you 6.25 MB (0.00625 GB)
BTC to blackbytes: 1 BTC of proven balance gives you 2.1111 * 6.25 million blackbytes (money supply of blackbytes is 2.1111 times more than that of bytes)
Bytes to bytes: 1 byte on any Byteball address gives you 0.1 new bytes
Bytes to blackbytes: 1 byte on linked Byteball address gives you 0.21111 blackbytes

Putting this another way, to receive 1 GB from the distribution, you need to already hold 160 BTC or 10 GB.  These same holdings also give you 2.1111 GBB (giga-blackbyte).

By that time, we'll have more apps in the Bot Store, more cashback partners, and hopefully a few teams will start their token sales on Byteball platform.


Thank you for the update as always, Tony. Looking forward to seeing the Byteball ecosystem growing in the next couple of months. Additional apps and some token sales would be excellent and beneficial. I have the feeling that quite a lot of people in the cryptoworld don't yet fully appreciate or understand what Byteball has to offer, and the more people start building stuff on the platform the more obvious this is going to be.