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Bytom

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Description

What does Bytom do?

Bytom is a protocol which allows users to register and exchange digital and physical assets. The Bytom network classifies assets into three main categories: income assets, equity assets, and securitized assets.

Income assets include non-performing assets, local government investments, and crowdfunding campaigns. Equity assets include equity ownership in a variety of private companies. Lastly, securitized assets have a predictable cash flow. Example can include various types of debt and automobile loans. Other general assets that can be registered are warrants, commodities, bonds, and intellectual property. Users can also transfer rights of ownership for these assets.

As a result, everyone around the world can trade these assets directly with one another, ridding many of the middlemen involved with record keeping and validating transactions.

What is BTM used for?

BTM tokens have three main use cases: paying for transaction fees, issuing dividends, and paying for asset issuance deposits. Asset issuance is simply the allocation of assets to the appropriate users, especially after a transaction has been made. Some of these securities may have dividends associated with them and thus are paid to users with BTM. Lastly, BTM is used to pay for network fees.

How can BTM appreciate in value?

Bytom aims to be the world’s largest public blockchain by virtually tokenizing all existing assets. Digitizing digital and physical goods is a multi-trillion dollar business. Gold’s market cap alone is in the trillions. Given the potential for adoption, if Bytom gains traction as a global registry and exchange, supply and demand should result in an increased valuation.  

What are the differences between Bytom and its competitors?

Bytom’s main competitor is Ravencoin which also aims to improve asset registration and transfer. They are extremely similar, except Ravencoin is ASIC resistant, while Bytom is not.

WAX is also another project aiming to tokenize assets, but they are currently focused on the gaming industry. WAX should be watched closely as they do plan to move beyond gaming assets, and they have quite a large following.

  • Mainnet Launch: Not yet. 2018.Q2
  • Open Source: Yes
  • Consensus Type: PoW modified to be friendly to ‘AI ASIC chips’.
  • Technology: Blockchain
  • Total Coin Supply: 1,407,000,000 BTM
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Description

What does Bytom do?

Bytom is a protocol which allows users to register and exchange digital and physical assets. The Bytom network classifies assets into three main categories: income assets, equity assets, and securitized assets.

Income assets include non-performing assets, local government investments, and crowdfunding campaigns. Equity assets include equity ownership in a variety of private companies. Lastly, securitized assets have a predictable cash flow. Example can include various types of debt and automobile loans. Other general assets that can be registered are warrants, commodities, bonds, and intellectual property. Users can also transfer rights of ownership for these assets.

As a result, everyone around the world can trade these assets directly with one another, ridding many of the middlemen involved with record keeping and validating transactions.

What is BTM used for?

BTM tokens have three main use cases: paying for transaction fees, issuing dividends, and paying for asset issuance deposits. Asset issuance is simply the allocation of assets to the appropriate users, especially after a transaction has been made. Some of these securities may have dividends associated with them and thus are paid to users with BTM. Lastly, BTM is used to pay for network fees.

How can BTM appreciate in value?

Bytom aims to be the world’s largest public blockchain by virtually tokenizing all existing assets. Digitizing digital and physical goods is a multi-trillion dollar business. Gold’s market cap alone is in the trillions. Given the potential for adoption, if Bytom gains traction as a global registry and exchange, supply and demand should result in an increased valuation.  

What are the differences between Bytom and its competitors?

Bytom’s main competitor is Ravencoin which also aims to improve asset registration and transfer. They are extremely similar, except Ravencoin is ASIC resistant, while Bytom is not.

WAX is also another project aiming to tokenize assets, but they are currently focused on the gaming industry. WAX should be watched closely as they do plan to move beyond gaming assets, and they have quite a large following.

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