Friday, 7 April 2017

Claim Your Free ByteBall Now



So quite often I watch the announcement on Bitcointalk and see the amount of coins that get posted, and in all honesty I do not tend to bother with many of them. Byteball on the other hand seems to be a bit of a no brainer for me, especially when getting coins is so so easy if you have  a BTC balance.
  All that is required is to download their Byteball wallet and then send a signed message from your BTC wallet to receive Byteball in the next round. Now this is only for a limited time they will not be doing it for long, I believe the next round is April 11th so you will need to be quick! Also I recommend just sending a signed message from your BTC wallet rather than sending actual BTC

You can get the wallet from their official site 

Bitcointalk announcement that has a good guide on claiming your Byteball
https://bitcointalk.org/index.php?topic=1608859.0

Any other coins you know that are worth recommending?




To participate, link your Byteball and Bitcoin addresses before the 4th round:
1.  Download and install the wallet by following the above links.
2.  Visit https://byteball.org and click the link to chat with the Transition Bot.  The link will open the new wallet and start a chat.  Follow the instructions of the Transition Bot to prove your Bitcoin balance.You have two options to prove your Bitcoin balance:a.  By making a micropayment.  The bot will see your address the payment came from, will know that it is your address, and will instruct you to move your Bitcoins to this address.  By making several micropayments, you can link several Bitcoin addresses to the same Byteball address.b.  By signing a message (if your Bitcoin wallet supports this function).  You tell the bot your Bitcoin address and sign your Byteball address with the Bitcoin address.  After you prove one address (a typical Bitcoin wallet has dozens of them), you can either move all your coins to this single proven address or prove all other addresses in the same way -- by signing a message.  
If you try to link the same Bitcoin address to multiple Byteball addresses, both links are ignored.  If you did this by mistake, link another Bitcoin address.
If you prove by micropayment, remember to check that the Bitcoin address that the bot received the micropayment from, is indeed your address.  An attacker might see your payment on the blockchain and repeat the same micropayment from his address trying to trick you to move your funds to him.
3.  If you make any Bitcoin payment, your coins will most likely be moved to a new change address.  Chat with the bot again, see the balance on your linked address(es) and move the coins back to the linked address(es) if necessary.
The linking phase will end on Apr 11, 2017 at 06:08 UTC, after which we'll do the distribution in proportion to BTC and bytes balances on this date.
In the 4th round, we'll distribute as much as is linked and calculated by the above rules, the exact % is not known in advance.  
The 5th and subsequent rounds (yet to be announced) will follow similar rules, but the relative weight of bytes vs. BTC (i.e. which amount of bytes gives the same share in the new distribution as 1 BTC) in the 5th and further rounds will change and will gradually increase to 1 BTC=62.5 MB.  It will be selected to maximize the value of bytes and keep the speed of distribution in sync with the growth of user base and the actual use of the network.  The ratio 62.5 MB per 1 BTC is chosen so that the total money supply of bytes (1015) and the total number of BTC in circulation (16,000,000) are equivalent.

5 comments:

  1. can i get free bytes for the btc less than 1 btc

    ReplyDelete
    Replies
    1. Can i learn how to mining byteball ?

      Please advise as i am new here.

      Thanks

      Delete
  2. Would love to know if i have GBYTES waiting for me to claim from previous distributions, and if so how to go about claiming them. :)

    ReplyDelete
  3. Pretty sure you can only claim for the distributions that are upcoming once you have linked your BTC wallet. You cannot go back and claim from previous distributions

    ReplyDelete