How Captain Bitcoin Work ?


For use of our dapp you need a ETH wallet . Metamask , Houbi wallet , Trust wallet Work perfect . 


Step by Step Tutorial


step 1:  Join to our Website
 
                                         

step 2:  create an account










step 3:  Refer to Earn menu and  start watching videos


There is a quiz at the end of each video and you have to answer the question correctly. The correct answer is inside the video .











* every day we upload 3-10 minutes videos to our platform

* You can watch between one and three videos every day and get CAPT tokens

* you can any time withdraw your token and sell them on exchange . without limitation and instant .




We listed our token in two exchanges . details publish shortly

thank u for your support  

     


hello every buddy 


i am captain . captain bitcoin project owner .


Do not hesitate for ask your question about our project . i invite every buddy join to our community .


Telegram community for English   Telegram community for Chinese

                                        

    

Captain Bitcoin



            







       
What is Captain Bitcoin?



⭐ 1. Abstract


Captain Bitcoin is a disruptive cryptoeconomic incentive game designed for driving mass adoption of blockchain and cryptocurrency. It utilises Mechanism Design to draw in new and existing users to the cryptospace, where productive user action is directed to partnered crypto products. A dual token economy (CAPT and Bitcoin) is leveraged to connect these users directly into the DeFi space and the wider crypto economy. It utilises markets as consensus mechanisms to dynamically order a daily content show reel, which feeds crypto content to a rapidly growing and highly engaged user pool. It is the entrance portal for new users to the cryptospace.


⭐ 2. Introduction


Captain Bitcoin is an adoption technology.

It is designed to provide sufficient incentives for users to cross the adoption gap on blockchain and cryptocurrency based applications, acting as the entrance portal to the cryptospace.

Captain Bitcoin’s mission is to drive mainstream adoption of Bitcoin, cryptocurrencies and blockchain-powered applications.

The adoption rate for blockchain and cryptocurrencies is slow, yet growing, with three main contributing barriers being:

● Lack of education on technology

● Lack of education on products

● Lack of education on the advantages of blockchain products


Captain Bitcoin is here to change that.

     
In order to drive adoption and enable a better understanding of the industry as a whole, we believe we need to make information on cryptocurrencies and blockchain-powered applications readily available with a simple and fun user experience.

Our video content and advertising platform strives to provide a low barrier to entry for people both in the industry and those just starting to explore it, while providing access to simple to understand educational content and being rewarded to do so.

Not only do we educate our users, but we pay them to discover and learn. By doing so, we are fundamentally changing advertising and learning models.

Traditionally, the main ways participants have obtained cryptocurrency in this industry is through mining, buying or participating in airdrops of projects coming into the market. However, this has solely been done by individuals who have had exposure to the industry and who know the sources to do so. Therefore this primarily assists the people already involved in cryptocurrency and is overwhelming for a newcomer.

Mining requires technical knowledge and a high-cost upfront, with many receiving comparatively negative returns. Buying cryptocurrency is the most effective route, however, without proper knowledge or understanding of the industry it can provide problems for users not participating at the right time or in the right investment by causing losses.






On the other hand, earning or airdrops have the potential for users to gain cryptocurrency based on their sweat equity, providing a low entry point when it comes to cost. It also drives users to projects, though it is possible for users to participate in improper projects essentially wasting their time and energy while the rewards prove to have no value.

We strive to use this model to drive adoption and new users to platforms and projects, ensuring our users and their time is rewarded positively.

In addition to the users earning rewards for watching each video, we also do a daily bitcoin giveaway. In order to enter the giveaway, users must watch a minimum of one minute of video content on the platform on that day.


We feel that our solution can expedite the progression of adoption and allow our users the ability to participate and learn about this new industry that has billions being invested in it.

The platform launched on 22 May 2020, is nearing its third month of live deployment, amassing over ONE HUNDRED FORTY THOUSAND users in its Beta Phase and reaching unprecedented levels of engagement on video content provided by our partners.


We feel that our solution can expedite the progression of adoption and allow our users the ability to participate and learn about this new industry that has billions being invested in it.

The platform launched on 22 May 2020, is nearing its third month of live deployment, amassing over ONE HUNDRED FORTY THOUSAND users in its Beta Phase and reaching unprecedented levels of engagement on video content provided by our partners.

It utilizes innovative token economics to drive adoption to the platform and funnel users to our crypto partners, whilst being integrated directly into the emerging DeFi space.


The Captain Bitcoin token economy leverages the power and potential of both Bitcoin and Ethereum networks, providing users with a daily allowance of the CAPT ERC20 token and a probability of winning Bitcoin, determined by their CAPT balances.






⭐ 3. How it works


   1. Create an account using Ethereum address
   
   2. Watch blockchain and crypto-related video content (limited to ~10 minutes per day).
   
   3. Each video is followed with a multiple-choice question, answer correctly to earn Captain tokens and participate in Bitcoin giveaway
   
   4. Invite other members to the platform in order to increase the number of tokens earned and increase chances of winning Bitcoin

      Claim Bitcoin winnings


In the Bitcoin network, miners across the world carry out work to find blocks, crunching trillions of numbers a second. When they find a block, they get a reward. This is called Proof of Work and it is the key to making Bitcoin the world-changing technology that it is.

The work on the Captain Bitcoin platform is watching videos and answering questions and inviting others to join the network. Just like with Bitcoin miners, the more work you do, the more chances you have of winning!

Each friend you refer to the platform equates to the user doing 5 minutes of work during that cycle or on that day.

To do this, we have devised a unique way of increasing your probability of winning by the amount of work you do on the platform. For below example, we will assume we only have five active users on our platform and carry out below tasks during one of the cycles






As per the above table, the total minutes ‘watched’ on the day = 85

The work done defines the number of tokens a user earns on that day and the odds of them winning the Bitcoin. For example :

Username 4 has watched 23 (8 + (3x5)) minutes out of the 85 minutes watched on the day. So he will :


* Earn 27.06% of the tokens on that day

* Have 27.06% chances of winning Bitcoin on that day (in current model)


Users earn CAPT daily and have an option to stay in the system, earning additional yield if they are in the Gold, Silver or Bronze team and taking part in the Bitcoin draw, or they can withdraw their tokens and trade them in the markets.






⭐ 4. Decentralised Exchange Trading Pairs


As a platform, we are also on a mission to use the pre-mine to create as many trading pairs with the CAPTAIN token and other ERC-20 tokens over time.

This will allow our users to buy other tokens in the ecosystem with the CAPT tokens they earn on the platform.

Our aim to create 20 trading pairs before the end of 2020, making the CAPT token core part of the DeFi infrastructure across exchanges such as Uniswap, Mooniswap and so on.


⭐ 5. Staking


For Proof Of Stake tokens, staking is the act of holding your funds in a wallet to support the operations of the blockchain. By doing this, you are helping the network and gain rewards, allowing users to earn passive income from their crypto.

Since the CAPT token is a proxy for work in our system, our staking system provides the opportunity for users to gain access to an uplift in rewards based on their token balances.

In our model, users who stake their tokens are helping add deflationary pressure to the token, which counteracts inflationary mechanism of the daily mine.

Majority of the networks provide fixed APY on the tokens used for staking. With Captain Bitcoin the amount of token rewards are going to be variable, taking into account two factors

   > Daily emission rate (we use deflationary inflation model, more on this later)

   > Number of tokens staked on any given day/cycle

Users will require a minimum of 2,100 CAPT tokens in order to stake their tokens.

Each stake of 2,100 tokens will create a " ticket "

The Stakers in our system will receive 30% of the daily tokens minted as staking rewards.

Example of rewards below :





Unlike many staking mechanisms, which require locking up assets for prolonged periods of time, our staking mechanism rewards users daily and they can withdraw their staking rewards any time they like.



⭐ 6. Token economics






Token Name : CAPTAIN

Token Ticker : CAPT

Initial supply : 2,100,000 (2.1 Million)

Daily Emission : Starting at 21,000 per day, reducing by 21% every 32 days

Team Distribution : 10% of daily emission

Community Distribution : 90% of daily emission

Max Token supply : ~5,300,000 Million tokens after 5 years

Token contract :



The initial supply of CAPT, a standard ERC-20 token, is 2.1 Million. 1.1M of these tokens are to be used for boosting the value of the network in the future. For now, they remain under lock and private key and the remaining 1M tokens are to be distributed to our early adopters and token holders proportionally based on their balances at launch.

In addition to that, CAPTAIN token is subject to deflationary inflation, where the number of new tokens created reduces by 21% every 32 days. The starting number is 21,000 / day.

Why 32 days?

We wanted to remain loyal to the Bitcoin brand, and Bitcoin halving happens every 210,000 blocks on the Bitcoin blockchain, which happens roughly every four years.

In the same way, we will reduce our rate of inflation every ~210,000 blocks on the ethereum chain, which happens roughly every 32 days.

Of the daily created tokens, below is the distribution :


60% of the tokens are distributed to video watchers

30% of the tokens are distributed to stakers

10% of the tokens go to the team to continue development of the platform


The total supply of CAPT tokens should peak out at around 5,300,000 tokens in 5 years.

This token distribution is subject to change at a later date where we will add functionality where token holders can participate in the daily Bitcoin giveaway, simply by holding tokens and without watching videos.

Below is the visual representation of the numbers over 5 years of emission :








Below is Bitcoin’s inflation chart for comparison :








You can see the similarities and in the same way early Bitcoin believers got rewarded significantly higher Bitcoins, our network rewards early adopters too but ours is much more aggressive.

Because of this, Captain Bitcoin can be thought of as a cryptowork platform. At the moment, we measure the work you do as users in 2 ways, watching the daily videos and referring your friends to the platform.



* NO TEAM ALLOCATION FROM PRE-MINE *

* NO PRESALE WAS HELD *

* NO ICO WAS HELD *

* EQUITY INVESTORS GOT NO PREFERENTIAL TOKEN ALLOCATION *

* NO ICO WILL EVER OCCUR *


⭐ 7. Inflation


Captain Bitcoin has an inflationary token economy. This is because we need to incentivise our miners in an on going basis, to keep adoption moving.

The strongest meme in crypto is finite supply. The vast majority of the projects in crypto have followed this for entirely arbitrary reasons i.e. because Satoshi did it.

Sooner or later this may cause problems for Bitcoin and many of the other networks that have followed it. After the next halving, a winning miner will only receive 3.125 BTC. If they have spent more on energy over the period of time it takes them to win a block reward, than the market value of those bitcoins, it is not worth them mining and the network is in trouble.

Unlike Bitcoin, all of our miners receive a proportion of the block reward every day. That’s a lot of people who share the reward. As more users join the system, the less rewards each miner gets. In BETA already this had dropped from over a million CAPT per day to the low thousands. In our system, the reward halves every time the user base doubles.

We need an inflationary schedule or our miners have no incentive to watch the video reel and participate in the system.

Captain Bitcoin has a smart (not arbitrary) monetary policy and it is our users that will determine what future of it looks like. This is the future of token economics.


⭐ 8. Partners



                                                                                                         
                             

                                                                                                         


                                                                                                         
                                                         
                                                                         
                                                                                                         


                                                                                                         


                                                                                                         


                                                                                                       

We want to take the focus away from people promoting their in-game currency, we want to focus on the products themselves more importantly.

We will ideally have where gamers can actually see and learn more about the game.

Hopefully something similar to this Cryptokitties video - https://youtu.be/3PTstAK-cH8 

I agree with you and we will do so as soon as possible.

One step at a time.

I agree, with many of the platforms, having a case for strong utility case is difficult - for us, we have engineered such that the token functionality will be built in.

We have also been forward planning various features of the product that we will release in later stages that make a strong case for the token on our platform.

Pretty much.

Something for us to consider for sure.

This is something we will put together in the near future for sure - we really want to stick to the comic theme and make it fun so things take a little longer than usual as everything has to be animated.

Sorry, I am not sure I understand what you mean.

Thank you for your vote of confidence, we hope you have signed up on our platform and have started telling your family friends and followers about us.

We have a very attractive pre-launch campaign in place where you could win upto $2,500 in Bitcoin simply for referring people and each successful referral additionally earns you 1,000 captain tokens.

We understand this is a competitive space but we are offering something unique to both:
- the advertiser
- the user

We have already started acquiring customers and collaborating with them to help us reach critical mass in terms of the users.

Majority of the team has been in the space for a few years now and we also have some very strongly relationships that we are hoping to leverage.

We would like to think of ourselves as more of Coinbase Earn program rather than YouTube as users have to answer multiple choice question after each video.

We have a variety of in house content creators - and initially we are restricting the amount of content to 10 minutes or so per day.

Think as if you are buying into a Bitcoin raffle daily, but with 10 minutes of your time, but even if you don't win, you earn our native tokens.

You will be able to convert these tokens to BTC directly on our platform.

You will have to wait till the tokens are available for sale on exchanges or you can try and earn them. We currently have a referral program on in order to on-board users. For each successful referral you earn 1,000 tokens.

Additionally, we are also doing a Bitcoin giveaway in three stages and giving away $15,000 of Bitcoin.

You can find more information on our blogs via our website.

Also have token halving in place, so our earliest adopters have the most to gain.

Hope this helps. Sign up and spread the word.

Hey, thanks for the question, maybe we need to fine tune our message so let me try and elaborate.

- The advertisers/publishers/content creators that would like to reach our audience will have to use pay us in our tokens to purchase impressions. They can purchase these tokens from us OTC or from exchanges when they are available.

- We distribute the tokens to our users for each of the video they watch

- Additionally, we take a portion of our earning from advertisers, purchase BTC and then give away to our users in form of a raffle.

Additional point to note is, the amount of content users can view and earn tickets towards the raffle is capped to 10 minutes per day, in order to keep it an even playing field for all our users globally and people setting up bot's to keep earning Captain tokens and increasing their chances of winning Bitcoin.

Hope that answers your question.

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For me, I have been in the space since July last year so, I went through the big China FUD and the December bull run. Other than that, I have no prior experience. We can read archives but that's not the same I guess.