Free distribution to BTC and Byte holders.
Mass adoption requires wide distribution, that's why 98% of all bytes and blackbytes are to be distributed for free.
Part of the Bytes will be distributed as cashback for purchases at the merchant stores we partner with. In most cases, the offered cashback is 10% of the purchase amount. Fill out the application form or contact us if you run a store or a payment processor and want to be part of the cashback program.
Another part of the distribution is split into multiple rounds and in each round holders of BTC and Bytes are rewarded. The amounts you receive are proportional to your proven balances in BTC and Bytes on the distribution date, these are the rules for the November round:
For every 16 BTC you receive 0.1 GB (1 gigabyte = 1 billion bytes),
For every 1 GB you receive additional 0.1 GB.
To prove your balances, install the wallet and chat with the Transition Bot (you find it in the Bot Store in the wallet). The bot will help you link your Bitcoin and Byteball addresses by making a micropayment or signing a message.
You also receive blackbytes in proportion to your linked BTC balance and your balance in Bytes on the linked Byteball address.
The first distribution round took place on Dec 25, 2016 when the network launched, over 70,000 BTC was linked, and 10% of the total supply of bytes and blackbytes was distributed. In the subsequent rounds, the total distributed supply reached 58.4%:
2nd round on Feb 11, 2017: 121,763 BTC linked, 1.8% distributed;
3rd round on Mar 12, 2017: 129,139 BTC linked, 2.0% distributed;
4th round on Apr 11, 2017: 145,441 BTC linked, 2.3% distributed;
5th round on May 10, 2017: 207,672 BTC linked, 2.9% distributed;
6th round on Jun 9, 2017: 453,621 BTC linked, 6.6% distributed;
7th round on Jul 9, 2017: 949,004 BTC linked, 11.0% distributed.
8th round on Aug 7, 2017: 1,395,899 BTC linked, 16.0% distributed.
9th round on Sep 6, 2017: 1,306,573 BTC linked, 5.7% distributed.
10th round on Nov 4, 2017: 1,093,155 BTC linked, 6.1% distributed.
The 11th round is tentatively scheduled for the full moon of March (Mar 2, 2018 at 00:51 UTC). The balances will be snapshotted at the time of the first Bitcoin block after this date, and rules for this round are as indicated above. Depending on the progress of other distribution methods, this round can be postponed or even canceled.
great news thanks !!!
You most welcome 75 days left
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