PMBitcoin or Polygon Mineable Bitcoin
Tokenized bitcoin PoW mineable on the Polygon/MATIC network.
https://pmbitcoin.org
Polygon Mineable Bitcoin is a ERC20 adaptation for the Polygon/MATIC network of the original 0xbitcoin project on Ethereum.
PMBTC has amazing built in features that surpass the original contracts! amazing and better than the rest!!!!
https://github.com/CrazyCaptian/Polygon-Mineable-Bitcoin---PMBTC/blob/main/PMBTC_WhitePaper
The inital design was to bring a part of every system that I enjoyed in crypto and see if I could deploy something a little new.
A) 0xBitcoin - A way to securly print tokens using Proof-of-Work. Connected machines solve a complicated hash unique to their ethereum address in order to recieve a mining reward
https://etherscan.io/address/0xb6ed7644c69416d67b522e20bc294a9a9b405b31#code
B) Vether - A way to 24,330 PMBTC every 4 days. Every 204 auctions the auction amount halves(~800 days). This allows for fair entry without being a miner!
https://etherscan.io/address/0x4Ba6dDd7b89ed838FEd25d208D4f644106E34279#code
C) Shuffle - A way to keep track of the top 512 addresses, which we reward with 10% of the mining reward and 1/2% of all transactions. A 8% discount on purchasing PMBTC at auction if you are the current winnerz on the Shuffle send (variable: winnerz)
https://etherscan.io/address/0x3a9fff453d50d4ac52a6890647b823379ba36b9e#code
Then I added my own twist ontop of these contracts
A way to print up to 5* different cryptocurrencies at once! Send in any ERC20 compatible token and it will turn itself into a Proof-of-Work token that will distribute FOREVER in our minter(But mostly over 2 years).
A way to maintain the costs without inflating the price! These ERC20 compatible tokens can be passively mined with virtually no extra costs!
We can give-away wrapped (NFTs) and valuable items or 1/1s!
A way to reduce the difficulty in half! Why not allow the miners for a cost to reduce difficulty and increase profits!
A way to CLEAR the Top 512 holders, forcing inactive holders to make a transaction and fight for new heap spots!!!!
A way to maintain the costs without inflating the price!
The reason why PMBTC is born: after the DeFi massive widespread on the Ethereum mainnet, gas fees for transactions have become too high. This has a relevant and heavy impact on all the projects, and particularly if considering mined-tokens: submitting solutions and claiming rewards have become too expensive.
The alternative is offered by the Polygon/MATIC Chain: with its low gas fees, fastness and smart-contract execution capabilities, it is the most suitable environment to give rebirth to bitcoin through the tokenized minable asset PMBTC.
PMBTCtoken features:
Polygon network/Matic Network