Jan 10, 2020
Bytus has a mission to create a convenient, safe ecosystem so that the user can conveniently pay both through payment terminals and via the internet using a QR code with instant conversion of cryptocurrency into fiat. Bytus provides a platform where a token is needed for work. The utility token in this project is a key tool the system cannot exist without it. It is intended to indicate the size of the channel. The more tokens you have, the wider payment channel. The width of the channel allows transactions on the network within the allotted time interval. The new ecosystem promotes a policy of full openness, maximum cooperation, speed and the possibility of increasing the number of currencies, all in one application. Bytus will help current retail chains easily payment of crypto-currencies who can attract new customers want to pay and receive new markets.
Payment apps yet do not provide a stable solution to this global issue. Bytus app will change this scenario to the traders' and end-users' advantage. This app will instantly make payments with cryptocurrency or fiat currency as per your preference. The most beneficial thing about it is the exchange that it provides, it can convert your cryptocurrency to fiat and vice-versa. With only a number of coins, it can create a meta-analysis which helps in optimizing the user base and providing the best a user can expect. Securing it with blockchain provides Bytus app a fool proof shield which secures each and every transaction. We believe in nurturing the technology in accordance with global trends and updating them timely in order to meet the new challenges. The diversification of portfolio defines us as a unique service provider.
With an avant-garde technology and its spinoff like blockchain, we can achieve the unprecedented. Regardless of the volatility of market, the provisions of exchanges are never abided by the majority, which brings certain level of discomposure among newbies in business. Bytus works at an advanced level of algorithm, it is intricate and logical at the same time. It works in congruity with most of retailers and metrics set by them. The formula set by Macroeconomic theory of progression do take a diverse turn in this equation. Bytus goes miles ahead in equating the business terms and fledgling the fundamentals. We atop the coordinators and invigilators of a fragile economy. Supporting the base of consumers, we provide a stout membership support to our client base.
The Bytus utility token is backed by Ethereum and is the medium of exchange in the Bytus ecosystem. It provides the much needed unit of account to the Bytus users that they will be able to use to buy goods and services through Bytus’s global network of retailer . The token will represent the user’s channel width i.e. the higher the number of tokens a user has the more transactions they will be able to make in a specified time. For instance, a user who has 10 tokens will be able to make up to 10 transactions in 24 hours . Once a transaction has been made with a token it cannot be used for 24 hours. The frozen token can be brought back to the main account then. The Bytus blockchain works on POS 2.0 and the token is charged at 3% per annum on the account balance in the wallet.
The Bytus Private Blockchain network will ensure all information is out there in the open to every user to ensure transparency and security of the highest order. Any transaction made by a user and their initiation to exchanging tokens are public information which allows for free transactions in the internal operations . The blockchain has a centralized method of confirming the transactions. A transaction can only be initiated by the owner of the private key assigned to each user making it impossible for anyone else to spend the asset tokens except for the owner.
The Bytus Private Blockchain is based on the Graphene chain protocol. Graphene is an open-source code that can significantly reduce bandwidth in the block propagation process. The graphene source code is available in numerous variations, as has been forked and adapted many times. Graphene is interesting, since it is modular in nature, so it is adaptable to different uses. Graphene technology has the capabilities for massive scalability, potentially supporting hundreds and thousands of transactions per second.
The private blockchain has attracted more than 1,000,000 retailers from around the globe which has opened up the possibilities for a Bytus-based economy. The retailers on the Bytus network accept payments through the Bytus wallet which makes it easier and safer for both parties involved in the exchange.
Bytus wallet is an all-in-one online multi cryptocurrency wallet that supports a wide variety of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Fiat currencies.The wallet allows for quick and easy transactions with retailers and users that are part of the Bytus ecosystem. It allows instant exchange between various cryptocurrencies in your personal account.
The wallet offers usability as well as high level privacy and security. Bytus offers its users multi-cryptocurrency accounts, that they can access 24/7 from anywhere through their laptop, desktop or mobile devices alike.
The Bytus crypto bank is a virtual institution that will perform the banking function in the Bytus ecosystem. It is based on a mobile app that is equipped with all the features to provide users the ease that modern banking provides.
The crypto bank is highly secured and safety of funds is a guarantee, because of being backed by the blockchain technology that ensures no transaction record gets lost. User’s funds are also secured through SSL encryption and other technological means that guarantee much higher security than by other conventional banks.
The bank acts as an exchange for users where they can convert their cryptocurrency into fiat instantly without incurring any commissions or other costs. Moreover, you get a virtual credit card that you can use to pay for purchases online. This card is linked to the user’s crypto bank account. The users are also entitled to an overdraft facility that the bank issues by interacting with the Bytus mobile wallet.
The Bytus Blockchain Private Network is the foundation of our Global Bytus Ecosystem. It will allow users to make transactions within the system without having to pay any sort of commission or transaction charges. The information regarding all transactions will remain public in accordance with the Blockchain technology to make sure your tokens do not get stolen or misused.
It is based on the Graphene chain protocol. The Graphene architecture allows for much greater throughput which means, Global Digital Payment’s network will easily cater to the needs of users in micro payments without having to incur any transaction costs.
May 23 2018
$28 050 000
$31 338 740
$80 482 064
$29 677 720
$90 830 501
$36 000 000
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
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