Wirebit™ is the exclusive token transacted on the revolutionary news platform ByWire™ News. Rewarding users each time they consume their content with Wirebit, ByWire™ is creating a race to the top. They call this process the Universal Basic Rewards. This will evidently lead to a high number of daily transactions. Given that the token is deflationary, the price is likely to surge over the coming weeks and months.
Marketcap: $4,330,000 WIRETrade on DEXEOS
EOS.IO is a blockchain protocol powered by the native cryptocurrency EOS. The protocol emulates most of the attributes of a real computer including hardware such as CPUs & GPUs for processing, local/RAM memory and hard-disk storage, with the computing resources distributed equally among EOS cryptocurrency holders. EOSIO operates as a smart contract platform and decentralised operating system intended for the deployment of industrial-scale decentralised applications through a decentralised autonomous corporation model.
The main native token from EOSIO, EOS, is a utility token that provides both bandwidth and storage on the blockchain, in proportion to total stake (owning 1% of EOS tokens allows for usage of up to 1% of the total available bandwidth). EOS tokens also allow the owner to cast votes and participate in the on-chain governance of the blockchain, again in proportion to the owner's stake.
Wirebits™ (WIRE) is a utility token. It is the exclusive means of payment for rewards and services on the ByWire News platform. But, it is not limited to this platform and will be used across many platforms including the ByWire™ Marketplace and other new DAPPS being created.
The initial circulating supply of WIRE is 10,000,000. There will be a maximum limit set in the contract of 10,000,000,000, which will be the total amount of WIRE that can ever be minted. This creates a limited supply or a deflationary asset. This will be essential in determining the long term value.
Although not available through airdrop, ByWire™ News are giving away 100,000 WIRE to the first 1000 people who sign up on their website. Click here to sign up and claim your free WIRE.
The WDACB will control how the Wirebit token works in terms of monetry policy. After a 10 year period the WDACB will become decentralised and will be controlled by the community through governance including elections for key decision makers. The DAO will then be able to determine how many WIRE are minted per decade. There is a maximum of 1,000,000,000 per decade but no minimum. As founders we do not advise burning a deflationary token, but this could be determined by the community once decentralised.
Every transaction of WIRE will incur a 2% fee. This will be used as revenue for ByWire™ Ltd. Approx 10% of all minted tokens will be held by the founding team to be used as incentives and rewards for expansion and investment.
Around 1% of all minted tokens will be used strictly for marketing purposes to grow the various platforms created by ByWire™ Ltd aiding to growth of the EOSIO protocol. The remaining tokens will be used to fund the ByWire™ Universal Basic Reward scheme and will be bought and sold by the Wirebit De-Auto Community Bank and holders.