At the same time, BTCBank is not a traditional company, it has taken a key step in the evolution of the digital asset trading platform to the community. The BTCBank community is an open and transparent Token-based organization, and BTCBank Token (BT) represents all interests in the BTCBank trading platform. With the “transaction-mining” model, more than half of BT will be rewarded to community users through fee-based mining.
The BTCBank community will allocate 100% of the fee and 70% of the income to the BT holders and will destroy BT regularly. We will allocate this amount of income in equal proportions according to the composition of income. For example, suppose that in a certain allocation period, the BTCBank’s to-be-distributed income is 100 BTC, and a user A holds BT, which accounts for 1% of the total circulation. In this period, the income received by the user A is 1 BTC.
In addition, each BT holder has the right to participate in community business decisions, team elections and other community activities. BTCBank is a community-based organization that is shared, shared, and shared by all BT holders.
Rights of BT holders
As the representative of BTCBank community rights, BT is the cornerstone of BTCBank community governance. Members holding BT will have the following rights:
1. Income distribution right
BTCBank will allocate 70% of the platform revenue to BT holders and 30% to the development and operation of BTCBank.
2. Participation in decision-making
BT holders have the right to participate in the decision-making of major business matters in the BTCBank community, and the BTCBank community will achieve this by launching a smart contract vote.
BT holders will regularly elect 100 candidate nodes and 25 super nodes, which will be further elaborated later.
3. Supervisory power
BT holders can monitor the transparency of the BTCBank platform and the due diligence of each candidate node and super node.