In the first and second articles of the project Bitcoin Origin, we had time to discuss his idea, the essence and history of the crypto currency plug, as well as its importance for the environment. Now it's time to talk about the most important thing - how the participants of the crypto-currency market, who decided to become a part of Bitcoin Origin, will be able to earn on the Proof of Ambassador mechanism.
Bitcoin Origin is the first of its kind block-project aimed at creating the world's first crypto currency penta-fork, consisting of five main crypto-currencies - BTC, BCH, ETH, LTC and DASH. A distinctive feature of the project among all the others will be the absence of an ICO, since its founders are so confident of its success that they have independently financed its implementation.
The Proof of Ambassador mechanism will be a combination of proof of Authority and Proof of Stake, and is created as the opposite of the classic Proof of Work. Due to this, the production of crypto currency will become much more profitable and energy efficient, because the energy costs are minimized. The founders of Bitcoin Origin are confident that in this way they will be able to eliminate the consequences of overly costly bitcoin mining.
The Bitcoin Origin project was launched at the beginning of last year, when the participants of the crypto-currency market seriously faced the issue of excessive power consumption and low profitability of bitcoin mining under the Proof of Work mechanism. After the founders of the project assembled a team of experts and issued technical documentation, in which they described their idea in detail, its active implementation began.
By this time, the creators of Bitcoin Origin have launched a fully functioning website, are developing the Proof of Ambassador mechanism and are preparing to release ORI tokens for their placement on crypto-exchange exchanges. By the end of this year, the project will be fully implemented, after which, during 2019, its creators will allow the community to vote for various improvements in order to finally improve the Bitcoin Origin crypto currency plug.
Economics of tokens
Bitcoin Origin (ORI) tokens will become a crypto currency, which will be received by members of the crypto currency market from the holders Bitcoin, Bitcoin Cash, Ethereum, Litecoin and DASH, which will join the Bitcoin Origin crypto currency fork. The daily distribution of the tokens is calculated for the next two years after the fork has been launched, so from 0.1% of the 100% calculated for this period, 0.137% of the total volume of ORI tokens is allocated per day.
Crypto-investors who will become part of the Bitcoin Origin network will be able to receive a stable profit, like mining, by the mechanism of Proof of Ambassador, but the distinctive feature of this earnings will be much higher profitability, much less power consumption, and lack of all other shortcomings of the proof of mechanism Work.
The profit of holders BTC, BCH, ETH, LTC and DASH are ORI tokens, which are distributed daily among the participants proportionally, taking into account the market value of each Crypto currency in dollars at the time of the transaction. The steakers will be able to be assured of the liquidity of the system, since the distribution is due to pre-designed smart contracts that fix the market value of each of the coins.
The correct distribution and operation of the Bitcoin Origin crypto currency system depends on the economic strategy, which will consist of a strategy for the initial release of tokens and its distribution, as well as a strategy for monitoring the volume of tokens. Thanks to them, the creators of Bitcoin Origin will be able to achieve maximum liquidity and prevent any kind of negative consequences of buying a large number of coins from the side of large investors.
Easter eggs
Do not pay attention to the strange name. This is just a small bonus from the creators of Bitcoin Origin, which will be given to one of the participants of the plug. Most likely, this is a kind of reward and motivation from the organizers of a crypto currency plug, which will become a prize for one of the participants. At the same time, the chances of all crypto investors are equal.
The fact is that a small number of tokens from each block, for which the steakers receive rewards, is formed into a separate pool provided with a smart contract. Over time, due to this, a certain amount of tokens will be formed, which will be given to one of the participants of the Bitcoin Origin crypto currency fork.
At a certain moment, all users will have the opportunity to unlock the so-called "golden easter egg" and receive a bonus reward. Now, those participants of the crypto-currency market, who are interested in the Bitcoin Origin solution, can only wait for the end of the year, when the crypto-currency plug will be officially launched to start making even more money.
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