The mechanism which the Portaltobitcoin Bitscaler works
The @portaltobitcoin bitscaler technology is a scaling solution that allows for Bitcoin's interoperability and transfer.
Think of it as a form of bridge that allows for the movement of BTC, however, without the native bridges you see with most DEX and DEFI protocols.
This bitscaler tech stands out because of its speed, uses optimistic rollups, and supports over 3000 assets, allowing direct transfer for multiple assets without the complexity of wrapping them.
It is secure in that it has over 45 independent POS validators, and most importantly, this security is through Babylon. You get transaction verifications, and all these are automated, trustless, and completely decentralized.
It is currently integrating BASE BNB CHAIN and even OSMOSIS as well.
Currently, it pulls one better than traditional systems: it is backed by BTC, enhances and integrates layer 3 solutions, and then native swaps that enhance interoperability.
So @PortaltoBitcoin has released their tokenomics as expected and maybe mainnet and TGE soon. For yappers, the journey continues till September 1. If we get portal TGE, it'll make the KAITO rewards POST-TGE I guess.
Lite Nodes Rewards 1.9%
Airdrop: I expect this to be community members, discord roles and rank and block participants as well. 2.6%
KOL and Advisors 0.5%: I want to believe this also includes the reward for yappers.
What I can't confirm is if this reward for Yappers will also be vested for 10 and only 15% released. Apparently 0.5 of 8.4 billion is 4.2 billion, and if truly only 15% are released, then it'll be 630 million tokens. But I'm not sure if yeppers rewards are vested as well.
Litenode Rewards, 5% Liquidity 8.1%, Validator Rewards 30%, Shareholders 29.8%, Ecosystem Development 10.2%, Validator Rewards 11.2%, LP Rewards 65%
Foundation 11.4%, LP Rewards 24.3%, EMISSIONS: 4.9B, MAX SUPPLY: 8.4B
I think it's solid tokenomics, since they raised 45M or so, I have no problem with it, except with the confusion of yappers and testers rewards and if they're both going to be vested.
33% at TGE is definitely huge, and is why there's probably a ten months vesting. These vesting are probably to also help the token price. I heard there will be buybacks as well.
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