Bytom is a blockchain protocol for financial and digital asset applications. Using the Bytom protocol, individuals and enterprises alike can register and exchange not just digital assets (i.e. Bitcoin) but traditional assets as well (i.e. securities, bonds, or even intelligence data).
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- How to Stake BTM2.0
- How much can I earn Staking BTM2.0?
- Any risks to Staking BTM2.0?
Bytom 2.0 (BTM2.0) Staking Guides will be published when Bytom 2.0 launches around August 2021.
Users holding a certain number of BTM can participate in the consensus node election, and all BTM holders can vote on the alternative nodes.
BTM holders can use BTM to vote and participate in the governance of important matters at the public chain level of Bytom 2.0.
Reduction of total amount
After changing from POW Bytom to POS Bytom 2.0, there will be no mining reward of about 80 million BTM per year in the future, and the total amount of new BTM will be reduced from 2.1 billion to about 1566 million BTM2.0.
When issuing new token in Bytom ecology, it is considered to distribute some new ) tokens to users who participate in BTM2.0 locking, that is, lock mining.
When issuing new certificates in Bytom ecology, Bytom team may conduct airdrops to a certain number of BTM holders or users who have participated in Bytom-related products in a certain period of time.
Collateral & lending
BTM2.0 can be used as collateral assets for MOV stablecoin and lending products to lend stablecoin or other assets.
There are always risks when alpha and beta testing a new consensus mechanism, please follow the Bytom Official account for updates on the launch phases.