bitsCrunch

bitsCrunch Cryptocurrency (BCUT)

Blockchain analytics and forensics are currently overshadowed by centralized systems, often constrained by their financial priorities. This centralization not only limits important ideas for new decentralized Web3 projects, but also creates barriers to innovative breakthroughs.

Enter the bitsCrunch network, ushering in a new era in blockchain analytics. This decentralized, AI-enabled data network provides unparalleled analytics and forensic data for NFTs, wallets, and other digital assets on the public blockchain. Accessible through user-friendly APIs, this platform provides the foundation for developing a variety of applications. BitsCrunch, distinguished by its commitment to a community-driven ecosystem, gives people the opportunity to contribute code or content, thereby constantly improving and expanding the network's capabilities.

Below is the journey of the bitsCrunch network, from indexing to query execution, demonstrating the various roles in the network:

Key highlights

• Multi-chain integration made easy: use a single API to access information from multiple blockchains. Ideal for developers building multi-chain applications.
• Advanced Forensics: Access in-depth forensic analysis of NFTs, wallets and digital assets on public blockchains through the bitsCrunch network. This feature helps Web3 applications identify risk and fraud, ensuring security and compliance.
• Community-driven ecosystem: The network actively supports and encourages individual contributions to coding or creating content, facilitating the continuous improvement and expansion of data and services
• Improved scalability through decentralization: The bitsCrunch network's decentralized model, supported by multiple query processing nodes (or lightweight nodes), provides improved scalability and reliable data management.
• Predictable query costs. Data consumers use stablecoins to cover requests on the network, which makes it easier to accurately estimate costs and optimize budget management.

bitsCrunch Sales Structure

Tokenomics

The bitsCrunch token (“BCUT”) is a native utility token for the bitsCrunch network. Its main function is to ensure smooth operation of the network and is intended solely for use as a utility token. The secure and efficient operation of the bitsCrunch ecosystem is based on a combination of cryptographic techniques and economic incentives to promote adoption and maintain network security. The token's main features and utility include:

• Incentive Alignment: The token serves as a motivational tool that encourages operators, delegators, indicators, and participants to stake their tokens, stimulating self-interest that encourages cooperation and loyalty business. This commitment aims to stimulate the growth of a secure and decentralized network.
• Network Security. Through mechanisms such as staking, the BCUT token can strengthen security measures by making malicious actions prohibitively expensive and thereby protecting the integrity of the network.
• Independence: The existence of the token ensures that the network operates autonomously, reducing dependence on external entities or tokens. This separation protects the ecosystem from the volatile nature of external cryptocurrencies by directly aligning rewards with sustainable actions and tightly tying the value and functionality of the token to the goals and performance of our network.
• Economic Design: The introduction of the BCUT token gives the network the flexibility to shape its economic structure , corresponding to the special requirements and spirit of the ecosystem. For example, BCUT release management allows the DAO to regulate its availability, ensuring it meets growth milestones. A DAO could initially incentivize early adopters with a more generous distribution and then gradually adjust the issuance rate to manage inflation or implement deflationary tactics such as token burning to increase the value of the network as it matures. All of these decisions will be formally considered as part of the governance process.
• Decentralized Governance: The token facilitates decentralized governance by giving token holders the ability to propose and vote on changes and proposals to the network protocol.
• Discounting Mechanism: Data consumers can stake the token to receive discounts on query prices, incentivizing interaction with the network.

Using the BCUT Token

BitsCrunch Network Ecosystem: Token Utility and Interaction interested parties

The total supply of tokens will be 1,000,000,000 BCUT tokens, as indicated in the distribution breakdown shown in the charts below. Starting from the sixth year, the token will switch to an inflationary model, constantly stimulating network participants.

The bitsCrunch Ecosystem

The bitsCrunch Network ecosystem is experiencing rapid growth, attracting an increasing number of leading companies from both the Web3 and Web2 sectors.