[ANN] Bit Trust System - New economy/Finance/Defi

[BIUTBlock]

BIT TRUST SYSTEM


Bit Trust System is an electronic trust system that is completely implemented by peer-to-peer technology. It is a system-level trust program based on blockchain and algorithm implementation. It ensures that both parties to a transaction can complete transactions online through algorithms. There is no need for any centralization organization. BIUT solves the key problem of trust reconfiguration in the new economy and new financial fields such as E-commerce, sharing economy, P2P, crowdfunding, etc. It is an essential way for developers, businesses, and users to open the door to the digital economy.

Latest POW+POS Mining software: https://github.com/BIUT-Block/biutblock-client-pool/releases

Mining ANN thread:https://bitcointalk.org/index.php?topic=5213776.0




Trust coin BIUT


Cryptocurrency used in the application layer, BIUT chain is used to record the activity of transaction accounts by transaction trust algorithm.

Application：payment, mining interests proof, transaction mortgage, market trading fee, costs of arbitration and other disputes in the transaction.

Total amount：1.5 billion

Issue: Team 10%, foundations 10%, community 40%, 40% distributed by smart contract to the credit gatekeepers who secure the transactions in the ecosystem.





Trust coin BIU

Cryptocurrency used to pay the gas in the payment network. BIU chain used for account activity algorithm and filter the trusted nodes.

Application: Transfer, the gas of smart contract, cost of issue customize parent chain node.

Total amount: 1.5 billion

Mortgage BIUT amount: In proportion to the amount of mining BIU, Minimum mortgage of this year: 10 ( no upper limit)

Issue: Full issue

The first 100 million of 750 million will be used for release as the holding amount, the release rate is one in ten thousand percentage every 3 months.

The remain 650 million of 750 million BIU mining amount depends on the amount of the transactions. The mining amount will increase when the mining participants increasing and gas demands improving.
Mining block adjustment formula: The output is related to the number of transactions in the whole network in the first two periods, and the period is three months.

Calculate the output of the next cycle PQi+1:

PQi is the output of the last period. TQi is the transaction numbers of the whole network at last period, TQi-1 is the transaction numbers of the whole network at the period before the last period.
In this formula: if TQi, TQi-1 is 0, Then add 1 respectively.
The left 750 million BIU will be halved in 4 years

• Website: https://www.biut.io
• White paper: https://www.biut.io/data/white_paper/biut-whitepaper-v3.72-english.pdf
• Software and Apps：https://www.biut.io/dapp
• Mining Wallet: http://mining.biut.io
• Facebook: https://www.facebook.com/BIUTBIU
• Twitter: https://twitter.com/BIUTBlock
• Instagram:  https://instagram.com/biut_block/
• Reddit: https://www.reddit.com/r/BIUT
• Medium: https://medium.com/@biut.io


Our Global Community
 
Discord: https://discord.gg/4dYFwYA
BIUT English Community: https://t.me/BIUTBlock
BIUT中国社区: https://t.me/BIUTBlockChinese


BIUT Public chain technical feature:

Two chains structure, Two coins economic model, JavaScript,
unique Autonomous system, Node communities, Modular design, Polling mechanism, TrustRank algorithm, PGPOW consensus mechanism(Combination of POW and POS consensus algorithm).

PC-Miner Mining feature: CPU mining with a Combination of POW and POS consensus algorithm，anyone can join PC-Miner to become BIUT Miner with a general PC.

BIUT website:https://www.biut.io/
BIUT explorer:https://scan.biut.io/

PC-Miner download link:
1.biut.io/dapp ;
2.https://github.com/BIUT-Block/biutblock-client-pool/releases;

Public mining wallet: 9cb6f427db8d457ae3e659bd6ec8db78652fe95c96ef6dad65c9c90bef67fc98 (Private key, use to import wallet to the PC-Miner)
Public mining wallet address :0x174a846a97a09685a51b6719904ae10fc981d7e4

Mining Tutorial:https://www.youtube.com/watch?v=3wc8vnBB-Rc&feature=youtu.be

[1713566242]

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[1713566242]

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[1713566242]

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[BIUTBlock]

Exchange :

https://trade.coinegg.com/trade/biut_usdt/

https://www.biki.com/trade/BIUT_USDT

https://big.one/trade/BIUT-USDT

https://big.one/trade/BIUT-ONE

[BIUTBlock]

• Software and Apps：https://www.biut.io/dapp




https://github.com/BIUT-Block/biutblock-client-pool/releases

[BIUTBlock]

AMA

• https://medium.com/@biut.io/bigone-biut-minning-pool-community-ama-session-summary-148a09aff13 (BigONE & BIUT Minning Pool Community AMA Session Summary)
• https://medium.com/@biut.io/biki-biut-dark-horse-public-chain-e70dba10c771 (BIKI& BIUT Dark Horse Public Chain)

[safari88]

i saw that there is 40% to the community, can you explain how you will distribute it to the community?

[frol00]

Where to get an invite?

[BIUTBlock]

I saw that there is 40% to the community, can you explain how you will distribute it to the community?

Hello, thank you for asking. Actually, the 40% BIUT all sold to the private sale. We don't have a public sale.

Then another 40% BIUT for the gatekeepers (we have ecological applications in the future )

[BIUTBlock]

Where to get an invite?

this one: mIUpbXu3

[frol00]

Where to get an invite?

this one: mIUpbXu3

How to join the pool?

[safari88]

Hello, thank you for asking. Actually, the 40% BIUT all sold to the private sale. We don't have a public sale.

Then another 40% BIUT for the gatekeepers (we have ecological applications in the future )

how about the rate for each BIUT that available for sale?
one more what is the algorithm of this coin?

[BIUTBlock]

Hello, thank you for asking. Actually, the 40% BIUT all sold to the private sale. We don't have a public sale.

Then another 40% BIUT for the gatekeepers (we have ecological applications in the future )

how about the rate for each BIUT that available for sale?
one more what is the algorithm of this coin?

No more than 15% available now.

Algorithm: POW+POS

[BIUTBlock]

Where to get an invite?

this one: mIUpbXu3

How to join the pool?

Mining tutorial : http://mining.biut.io/#/walletHelp

[BIUTBlock]

Mining tutorial

Web Mininig and PC-Miner guide ：http://mining.biut.io/#/walletHelp

KOREAN: https://medium.com/@biut.io/%EC%9B%B9-%EB%A7%88%EC%9D%B4%EB%8B%9D-%EC%A7%80%EA%B0%91-pc-miner-%ED%8A%9C%ED%86%A0%EB%A6%AC%EC%96%BC-ed931fea3f72

others tutorial article:https://www.publish0x.com/crypto-tricks/biut-simple-pc-miner-mining-tutorial-xmjpej

Video: (if you choose to join the mining pool, you can't  use the SAME wallet to mine on PC-Miner)

PC-Miner: https://youtu.be/4QEKTydFwc4

Join Mining pool: https://youtu.be/BWsoFfljw48

[Daytona_tj]

Hello, thank you for asking. Actually, the 40% BIUT all sold to the private sale. We don't have a public sale.

Then another 40% BIUT for the gatekeepers (we have ecological applications in the future )

how about the rate for each BIUT that available for sale?
one more what is the algorithm of this coin?

No more than 15% available now.

Algorithm: POW+POS

POW+POS is not Algorithm,but consensus mechanism.I think the minning is a smart contract.

[BIUTBlock]

Hello, thank you for asking. Actually, the 40% BIUT all sold to the private sale. We don't have a public sale.

Then another 40% BIUT for the gatekeepers (we have ecological applications in the future )

how about the rate for each BIUT that available for sale?
one more what is the algorithm of this coin?

No more than 15% available now.

Algorithm: POW+POS

POW+POS is not Algorithm,but consensus mechanism. I think the minning is a smart contract.

yes, we have our special trust Algorithm(it is similar to Google's PageRank algorithm ) and recently we also have a breakthrough. if you want to know more and I suggest you read our whitepaper.

I wish I could explain the whole thing here, but I afraid that I can't show full aspects of our Algorithm.

[acty]

it's gpu only?

[keseoma]

seems we need to buy the coin first and then mining with mortgage 10 BIUT to mine ?

[BIUTBlock]

it's gpu only?

Hello, it is CPU and POS Mining. we combine POW and POS.

[BIUTBlock]

seems we need to buy the coin first and then mining with mortgage 10 BIUT to mine ?

Yes, Lock up 10000 BIUT for one year. 

After one year, the BIUT will be released automatically.  It is kind of free mining.

[andycarrol]

Yes, Lock up 10000 BIUT for one year. 

After one year, the BIUT will be released automatically.  It is kind of free mining.

if we lock up 10k BIUT how many BIUT will we earn for POS?