Byteball the smart payments platform that allows you to bind payments to a condition opted for an airdrop to distribute it's coins, unlike other Initial Coin Offerings which require users to invest in the project by purchasing tokens. The July round of the airdrop happens in exactly 11 hours. Here is all you need to know about Byteball and the Airdrop.
In a world where money is hard to come by, it is important for consumers and investors to get what their money is worth but with traditional payments it is hard to reach an agreement on payment terms for projects that may take time. The confusion is usually about when does the consumer/investor pay the producer/developer and how much initial payment is required to before the commencement of the project.
Byteball a new smart payments platform solves this problem using blockchain technology. Byteball allows money to be paid based on actual work done using a feature called conditional payments which allows you to set a condition when the payee receives the money. If the condition is not met, you get your money back. With this consumers do not have to worry about losing money if projects goals are not met and developers do not have to worry about waiting for weeks to receive funds after completing a project.
Byteball is backed by core features which include an Atomic exchange which allows simultaneous transactions, multi-signature transactions allowing organizations to use Byteball to control funds and immutable storage that keeps every data stored on the blockchain forever. All these features are well complimented by applications built on top of the network which allows for peer to peer betting and insurance to take place.
Byteball Airdrop
98% of bytes (tokens on the Byteball network) are expected to be distributed through the airdrop campaign. Current Bitcoin holders who are willing to provide proof of their balance are eligible for this program. So far over 25.5% of bytes has been distributed and over 450,000 BTC has been linked in previous rounds. Today at 04:07 UTC 62.5 MB for each 1 BTC of linked balance and 0.2 new byte for each 1 byte we'll be distributed.
Here is how you can link your account.
-What you need
- Byteball Wallet (Use the lightwallets)
- Bitcoin Wallet with a balance (Works better with wallets that have signature capabilities)
-Step 1
Download Byteball Wallet of your choice
-Step 2
Create a new wallet
-Step 3
Move to the chats panel
-Step 4
Navigate to the Bots store and start a conversation with the transition bot
-Step 5
Paste your Byteball address (where your airdrops will be stored)
-Step 6
Now begin the process to link your Bitcoins
-Step 7
You have the option to sign a message or send a transaction as proof of ownership
With all this done, you will recieve your share of the Byteball airdrop later tonight!! Hope it helped.