GBYTE, or Byteball: The OG airdrop that launched the whole airdrop industry (2017) - #CryptoTrading

Published in Reports · Labeled as ·

Byteball is a payment network that makes it easy to set conditional payments - finalize payment only if condition is met - similar to ethereum smart contracts but more user-friendly.

Every couple of weeks, always on the full moon, the blackbytes airdrops were happening. If you signed a message with a BTC address before the deadline, you received free [giga]bytes and some hours later also some [giga]blackbytes.

While the bytes can be traded on Bittrex (by millions as GBYTE), the blackbytes aren’t traded anywhere. To trade these for bytes you need to sign up to the byteball slack channel via the autoinviter here and head to #trading_blackbyte channel. The channel has a bot that works as an order book by Gigabyte per Gigablackbyte:

On the screenshot, the top of the ask book was at 0.01290 GB/GBB and top of the bid book at 0.02008 GB/GBB.

Gigabytes per bitcoin were trading at Bittrex around 0.24 BTC ($585) before the airdrops became popular, the ratio plummeted later.

About Byteball

Byteball is a payment network that makes it easy to set conditional payments - finalize payment only if condition is met - similar to ethereum smart contracts but more user-friendly:

The way transactions are confirmed is from the high level similar to IOTA’s tangle:

Transactions created by users are cryptographically linked to each other, and once you add your new transaction, other users start adding theirs on top of yours, and the number of other transactions that link to your transaction grows like snowball.

In byteball this is called DAG (directed acyclic graph) - every new transaction references one or more earlier ones by including and signing their hashes. By including its parents, each new transaction also indirectly includes and confirms all parents of the parents, parents of the parents of the parents, and so on.

The supply is capped, there is no mining:

The total number of bytes is 10^15, all bytes were issued in the genesis transaction. Since the fees paid are returned into the circulation, the money supply will remain the same.

The difference between bytes and blackbytes is that blackbytes have enhanced privacy:

Private payments can be made using blackbytes, a cash-like untraceable currency. Its transactions are not visible on the public database that shows all payments made with (white)bytes. Blackbytes are sent peer-to-peer instead in an encrypted chat session.

Read more at bitcointalk

Byteball airdrops

If you didn’t catch the latest airdrop, there will be another one - byteball.org has a countdown.

Currently the next one is scheduled for March 2, 2018. Also, at the moment the reward is shifting towards holders of GB who didn’t sell after the airdrop:

  • For every 16 BTC you receive 0.1 GB (1 gigabyte = 1 billion bytes),
  • For every 1 GB you receive additional 0.1 GB.

How to get into the next airdrop

To enter the byteball giveaway you need to download byteball wallet and from it enter the chat window with the transition bot by opening this as a link in your browser - byteball:A2WMb6JEIrMhxVk+I0gIIW1vmM3ToKoLkNF8TqUV5UvX@byteball.org/bb#0000. It will open in the byteball wallet, if you have it installed.

The bot will tell you to first state your byteball address, then your bitcoin addresses each followed by a message signed with that address. The signed message must contain only your byteball address.

SegWit BTC addresses are not supported.

Category: Reports · Label: · Author: Altcointrading.net (contact author)

 

Last added to Crypto Airdrops, Bounties & Opportunities
Airdropped Token or Opportunity Airdrop Date About the airdrop Link
Phemex $60 Deposit Bonus Reward (+$20 Trading Reward) Open The crypto derivative platform Phemex gives away $60 USD bonus for deposit over specific amounts. The minimum deposit is 0.2 BTC or 2k USDt or 10 ETH or 10k XRP or 500 LINK. Additional bonuses are available for making a trade at spot and contract markets. All bonuses here
Bitfinex KSM Staking Launched 25 Feb Bitfinex opened staking of Kusama tokens with expected staking rewards of ~8% p.a. To start staking KSM, deposit your tokens into your exchange wallet on Bitfinex, or buy the tokens on the exchange. First payout will arrive on 3rd March. sign up with fee discount
DOT and GRT trading fee discount (reliable exchange, easy KYC) Until 9 March Polkadot and The Graph trading has been enabled on the Aussie exchange Independent Reserve in fiat pairs with AUD, NZD, SGP and USD. (International deposits available, KYC individual). The trading fee is 0.1% flat for accounts without premium or volume discount for the first two weeks of trading. info
Pulse Network Reward Competition Until Mid March Pulse network is opening a competition where the most active social media shills get rewarded from a prize pool of 10k+ USD. Top 50 shills get at least 430 USD worth. info
Staking without KYC on WhiteBit New! WhiteBit opened 17 different staking plans with 9 different currencies to choose from. 40% APR, available to the users without KYC. (Be mindful of risks) sign up
PheMex Twitter Bounty Live Phemex is a crypto derivatives platform (new and therefore not to be trusted too much) that is trying to fill the hole after BitMex. They do not require KYC for now, word of caution. PheMex is trying to build up their Twitter account and promise to give away the total of 1x 10k worth of BTC as well as loads of smaller prizes in gift cards and such, if you help them shill their Twitter handle. Phemex account is needed, sign up with code H7QPW to get welcome bonus. sign up with bonus and view the prizes
Blockchain Space Telegram Bounty Until June 2021 Blockchain Space runs a Telegram activity bounty. The most active users will be paid 50 USDT every 15 days. info
Armor Network Early Mining Opportunity For a few weeks now Armor Network is a fast, anonymous and untraceable cryptocurrency integrated into Telegram ecosystem. No ICO, no premine. Genesis block 21 Jan, mining rewards are still high. WARNING: Right now uses a Telegram wallet, so you don't own the private key. info
Opportunity: DeFi Tokens on reputable exchange with lower fees 14 days after listing The Aussie exchange Independent reserve is listing new DeFi tokens these days. For each of the new markets has the fee reduced to 0.1% for the first 2 weeks. Currently those markets are yearn.finance, Aave and Kyber Network Crystal. sign up
Earn YoBit's YoDefi tokens Live YoBit set up their own defi project for liquidity on the exchange. The exchange pays out 777 YoDefi Tokens proportionally for all users every 10 mins. sign up