EBitcoin Token Whitepaper
IntroductionEBitcoin Token(EBT) is a mineable token based on ERC20 standard. It's Mined by Proof of Work(POW) and generates virtual blocks.
Assume that every Ethereum(ETH) block takes ten seconds to generate while every EBT block takes 10 minutes, then every EBT block is equivalent to 60 ETH blocks.
Adjust the difficulty of mining after every 504 blocks to ensure per EBT block takes 10 minutes.
Initial reward of every EBT blocks are 50 EBT. Rewards will be reduced by half after every 210,000 EBT blocks.
POW mining can generate about 21,000,000 EBTs while there’s no upper limit to the amount of EBTs.
One can get interest by banking EBTs with the contract. Interest is calculated as follewed:
Interest = Balance * [ (current EBT blocks number - upon deposit EBT blocks number) / 144 ] / 365 * 0.01
EBTs can only be gained by the above two means.
Token detailsSymbol: EBT
Name: EBitcoin Token
Contract Address: 0x7D347F83c7b3a070187CEB02DC0019765056630c
Official Website:
https://ebtcoin.xyzSupport me:ETH: 0x3db97f316c64b1Df057610FAE1652A87abF4894F
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This is a personal project.
I just started to touch the blockchain, I created this Token, maybe there is a similar Token, but I feel great.
This is not ICO!
Eth contract cannot be modified,Source code is public,
The only way to get is mining and interest.
https://etherscan.io/address/0x7D347F83c7b3a070187CEB02DC0019765056630c#codeContract Source Code Verified (Exact Match)
No fraud.