Hi we'd love to give you a brief explanation. So Bitcoin MYK can be classed as a Universal Bridge Cryptocurrency Sidechain Deflationary coin that offers UBI every month in the form of a dividend. I know that's a mouthful lol. So one issue is if i wanna move my cryptocurrencies from blockchain to blockchain. It often times requires i sell it against some base pair i then will move that crypto to an exchange but not necessarily another blockchain.
Our project allows that. So if you hold bitcoin we also inherit the bitcoin ledger. So using this method if you wanted to move your bitcoin value free you could do so simply by claiming free your btc on bitcoin myk without spending one dime. The project also simulates the halving. So the supply reduces and although we dont have a philosophy about why the halving happens anymore than bitcoin. We can comment that some people believe that was put in by Satoshi to cause the price of bitcoin to move up. Whether or not that's true we can't comment. We can only suggest that it seemingly works.
The ubi is paid out in our mobile wallet automatically a free dividend of the bitcoin holders unclaimed coins. We believe ubi to be a mass adoption vehicle. To date without one dime spent on marketing we have generated over 7200 low level kyc accounts and hold over 14,000 accounts over exchanges.
I think comparably the best way to think of Bitcoin MYK would encompass the idea of 3 coins. I would first compare us to tether. I'd remark that a better audit version than tether in that our method of valuation is based on accounts and not the usd. So alot easier to value and audit us than tether. I'd next say the robustness and micro transaction capability of doge coin. Although doge coin doesn't offern dividends free each month. Lastly i'd say similar to bomb token. In that transactions are rleational to the supply. Transactions trigger token burns.
Due to the fact alot of our value is determinable based on accounts and what we call (POP) or Proof of Participation model. It was also important to incorporate a social media site you can earn on. Unfortunately the explanation wasn't brief but i hope at the very least we've been able to shed some light on what we are
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Thanks for this insight. Yes, it was not very clear to me but it helped me to understand the basic functioning and vision of your project. I dunno how it's all possible with a single sidechain ...guess, I'd need to look into your white paper.
and hey, thanks for the gift!😍