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SATs-BiTorrent/README.md
  • 👋 Hi, I’m @SATs-BiTorrent

SATs (BitTorrent) Token

What is the SATs (BitTorrent) Token?

The SATs (BitTorrent) token is a creator’s token within the BitTorrent ecosystem. It is designed to enhance the utility and value of the BitTorrent (BTT) platform by engaging and rewarding users.

Key Features and Functions

Reward System

  • Participation Rewards: SATs tokens reward users for their participation and engagement in various activities within the BitTorrent ecosystem.
  • Earning SATs: Users can earn SATs tokens by staking wrapped BitTorrent Tokens (WBTT).

Staking Mechanism

  • Daily Rewards: Daily rewards are distributed to users who stake WBTT.
    • Example: If 100,000 SATs are distributed daily, and you stake 1,000 WBTT in a pool with 10 other stakers each staking 1,000 WBTT, the rewards will be split evenly (10% each).
    • Larger Stakes: If a user stakes a larger amount, such as 1,000,000 WBTT, they will receive a larger share (90%) of the rewards.

Ownership and Unstaking

  • User Ownership: Staked WBTT remains the property of the user.
  • No Penalties: Users can choose to unstake their WBTT at any time without incurring charges, reflecting the community-focused nature of the project.

NFT Staking

  • Additional Rewards: There is an additional option for NFT staking, which offers more daily rewards.
  • Fair Distribution: This mechanism is designed to control greed and ensure fair distribution among users.

How It Works

Earning SATs

  • Engagement: Users earn SATs by participating in social engagement and group activities within the BitTorrent ecosystem.
  • dApp Providers: dApp providers can also earn SATs through similar engagement and participation.

Staking Rewards

  • Staking: Users stake their WBTT in a pool.
  • Daily Distribution: Daily rewards in the form of SATs are distributed based on the amount of WBTT staked.
    • Higher Stakes, Higher Rewards: The more WBTT a user stakes, the higher their share of the daily rewards.

Unstaking and Community Focus

  • Retaining Ownership: Users can unstake their WBTT at any time, retaining ownership without penalties.
  • Community-Driven Rewards: The project emphasizes community-driven rewards, allowing users to reward each other without needing to set a market value price.

The SATs (BitTorrent) token aims to create a more engaging and rewarding environment for users within the BitTorrent ecosystem, promoting participation and the growth of the community.

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