Biturbo represents a significant advancement in blockchain architecture, merging the established strengths of both Bitcoin and Ethereum. As the fifth project introduced through the UXUY Launchpad, it pioneers a hybrid EVM blockchain that integrates Proof of Transaction (PoT) with Proof of Liquidity (PoL). This innovative approach is designed to counteract centralization tendencies in the cryptocurrency space by fostering a more inclusive and dynamic ecosystem.
Understanding Biturbo’s Hybrid Blockchain Model
At its core, Biturbo leverages a dual-consensus mechanism to enhance both security and user participation. This model aims to reward users not just for validating transactions, but also for contributing liquidity to the network.
The Technology Behind Biturbo
Biturbo’s architecture is built on the principle of combining two powerful consensus mechanisms:
- Proof of Transaction (PoT): Inspired by Bitcoin, this mechanism rewards users based on their transaction activity and engagement with the network.
- Proof of Liquidity (PoL): Drawing from Ethereum’s concepts, this system incentivizes users who provide and maintain liquidity within the ecosystem.
This hybrid structure ensures EVM compatibility, allowing developers to seamlessly deploy smart contracts and decentralized applications familiar to the Ethereum ecosystem.
The TBO Token and Its Distribution
The native token of the Biturbo network is TBO.
- Token Name: TBO
- Deployment Network: ERC-20
- Total Token Supply: 1,000,000,000 TBO
- Launchpad Subscription Price: $0.015 per TBO
- Allocation for Subscription: 6,666,500 TBO
- Intended Participant Count: 500 users
A key feature of this launch was the absence of a locking period for allocated tokens, providing immediate flexibility for participants.
Navigating the UXUY Launchpad Process for TBO
The Launchpad event was structured in three distinct phases to ensure a fair and organized distribution process.
Phase 1: The Lucky Ladder Event
From June 21st at 10:00 UTC to June 24th at 10:00 UTC, users could increase their allocation chances. This period rewarded active platform behaviors, such as executing trades, which contributed to a user's "luck points" or probability of receiving a token allocation.
Phase 2: Subscription Window
The 24-hour subscription period began on June 24th at 10:00 UTC and concluded on June 25th at 10:00 UTC. During this time, eligible users could commit funds to purchase TBO tokens at the set price.
Phase 3: Token Distribution
Following the subscription period, from June 25th at 10:00 UTC to June 26th at 10:00 UTC, the allocated TBO tokens were distributed to the successful participants' wallets.
Eligibility and Participation Guidelines
The event was open to all users of the UXUY platform. To maintain fairness, each account was permitted only one subscription attempt. Participation required holding a small amount of BNB or ETH in the UXUY app to cover associated network gas fees for the transaction.
A Closer Look at the UXUY Platform
UXUY is a next-generation decentralized multi-chain trading platform built on MPC wallet technology. Incubated by Binance Labs, it plays an active role in the evolving Bitcoin Layer 2 ecosystem. The platform integrates the Bitcoin Lightning Network and Taproot ecosystem, offering services like Lightning Address DID and serving as a bridge between the Bitcoin and Ethereum networks. For those interested in the technical mechanics of such advanced trading platforms, you can 👉 explore more strategies for decentralized trading.
Key Guarantees and Important Terms
UXUY implemented several policies to protect participants and ensure the integrity of the launch:
- Price Protection Guarantee: A notable feature was the 100% refund guarantee. If the average market price of TBO fell below the Launchpad subscription price at any point within the first two weeks of trading, participants were eligible for a full refund of their initial investment.
- Fairness and Security: All participants were subject to the platform's risk control assessments to prevent Sybil attacks and other fraudulent activities. UXUY reserved the right to disqualify any account involved in dishonest behavior, such as illegal bulk registrations or market manipulation.
- Protocol Flexibility: The terms of the event were subject to change at UXUY's discretion, including the right to cancel, extend, or modify the event based on prevailing circumstances.
Frequently Asked Questions
What makes Biturbo's hybrid consensus model unique?
Biturbo's model is unique because it combines Bitcoin's Proof of Transaction, which rewards network activity, with a form of Ethereum's liquidity-based incentives. This dual approach aims to create a more secure and actively engaged blockchain ecosystem that directly rewards users for both transacting and providing liquidity, tackling issues of centralization.
How did the Lucky Ladder event work during the Launchpad?
The Lucky Ladder was a pre-subscription event where users could improve their chances of receiving a TBO token allocation. By performing specific actions on the UXUY platform, such as making trades, users accumulated "luck points." A higher number of points increased their probability of being selected for the token sale.
Was there a risk of losing my investment in the TBO Launchpad?
UXUY offered a strong safeguard against initial price volatility. Their TGE 100% Refund Guarantee promised a full refund of the subscription cost if the token's average price traded below the launch price within the first two weeks after listing. This policy significantly reduced the immediate downside risk for participants.
What were the basic requirements to participate in the Launchpad?
The primary requirement was being a registered user of the UXUY platform. Each user was allowed only one subscription to ensure broad and fair participation. Additionally, users needed to ensure their wallet held a small amount of BNB or ETH to cover the gas fees required to process the subscription transaction.
What happens if market conditions change suddenly during a Launchpad?
According to the terms and conditions, UXUY reserves the right to modify, extend, or even cancel the event based on severe market conditions or other external factors. This flexibility allows the platform to act to protect the interests of its community and the integrity of the project launch.
How does UXUY ensure a fair launch for all users?
UXUY employs robust risk control systems designed to detect and prevent Sybil attacks and bulk account registrations. By ensuring that each account represents a genuine user, the platform promotes fairness. Furthermore, rules like the single subscription per account policy help distribute tokens to a wider audience.
Disclaimer: The prices of digital assets are subject to high market risks and price fluctuations. The value of your investments may decrease as well as increase, and you may not recover the amount you invested. You are solely responsible for your investment decisions. It is strongly advised that you consult an independent financial advisor after considering your investment experience, financial situation, objectives, and risk tolerance. This material is for informational purposes only and should not be considered financial advice.