BXTB Foundation (BXTB)

The BXTB Foundation, represented by the ticker BXTB, is a dual blockchain and dual token platform. It is developed and supported by the BXTB Foundation. The foundation has released various white and blue papers, providing detailed information about the platform and its technologies. It has also launched a BXTB DeFi staking platform, which went live on November 6, 2020, and is accessible at https://www.ybxtb.com. Additionally, the foundation has announced that the platform’s first game will be launched in mid-November.

BXTB operates by collateralizing stablecoins like USDT and DAI to create a stablecoin called “CHIP.” This process occurs on a side chain powered by Proof of Capacity, a consensus mechanism known for its high throughput and low energy requirements. The resulting CHIP stablecoin is held on this sidechain. Transaction fees paid when moving CHIPS on this sidechain are distributed to YBXTB holders as yield, incentivizing them to maintain the collateralized CHIPS within the ecosystem.

The BXTB Foundation aims to address the limitations of existing stablecoins on decentralized blockchains. These stablecoins often have low throughput and high network fees, making them unsuitable for use in enterprise cases. BXTB maintains reliable finality without compromising on throughput by utilizing a POC-based sidechain. The value of CHIP stablecoin is mainly derived from its collateralization with other stablecoins, ensuring a reliable store of value. Users are incentivized to collateralize their stablecoins into CHIP, as they can earn yield from the sidechain’s transaction fees.