Whitepaper Chapter

Bitcoin-Yay (BTCY): A Decentralized Micro-Value Ecosystem

Whitepaper

Status: Off-chain Beta live. BTCY Tokens are now live on Solana and Tron. Testnet and mainnet (Stellar-fork + Soroban) are in development. Features/timelines may evolve.

Abstract

Bitcoin-Yay (BTCY) is a micro-value currency designed to move small amounts fast and cheaply. The BTCY token is now live on Solana and Tron, providing immediate liquidity and transferability. The long-term vision includes a dedicated Stellar-based chain (planned fork) to leverage low fees, fast finality, and Soroban smart contracts. The ecosystem pairs AI-assisted Proof-of-Participation (PoP) mining, on-chain governance, and a dual-balance model (off-chain "BTCY Nugget" → on-chain "BTCY Token"). This preview outlines the design, tokenomics, security posture, and a phased roadmap from today's off-chain beta to a future sovereign mainnet.

1. Introduction

Many users are priced out of everyday crypto due to fees, latency, and UX hurdles. BTCY targets that gap with:

• PoP mining (mobile both iOS and Android) instead of energy-heavy PoW.
• Immediate multi-chain access via Solana and Tron for liquidity and utility.
• Planned Stellar-fork for sovereign speed/finality; Soroban for programmability.
• A dual-balance migration: off-chain accruals today; on-chain ownership after compliance and mainnet.

2. Core Features

2.1 Multi-Chain & Fast Settlement

• BTCY is currently deployed on Solana and Tron, enabling fast, low-cost transactions.
• Recommended Wallets: Phantom (Solana) and TronLink (Tron) for optimal Alchemy conversion experience.
• Long-term plan for a Stellar-family consensus chain with sub-second confirmation targets.
• Cross-border friendly; built for micro-payments and in-app actions.

2.2 AI-Assisted Proof-of-Participation (PoP)

• Users earn Nugget (off-chain balance) via presence, quests, referrals, and anti-bot-checked sessions.
• No energy-intensive mining; runs on iOS/Android.

2.3 Smart Contracts & Programmability

• Utilizes Solana and Tron smart contracts for basic functionality.
• Programmable assets: staking, rewards, on-chain governance (future Soroban integration).
• Low execution cost vs. legacy L1s.
• No native ZKPs in v1; privacy features may arrive later through audited contracts or external proofs.

2.4 Governance (DAO)

• Off-chain voting today for proposals and roadmapping.
• On-chain voting & treasury after mainnet with transparent metrics (coming soon).

2.5 Interoperability (Roadmap)

• Existing bridges between Solana, Tron, and future chains (Stellar and others) are planned.
• Separate brand assets (e.g., WiBS meme coin) may interoperate through governed bridges.

2.6 Security & Sustainability

• Relies on the security of Solana (PoH) and Tron (DPoS) networks.
• Future Federated Byzantine Agreement (FBA) on Stellar-fork.
• Continuous monitoring for Sybil/bot activity and fraud.

2.7 Product Ecosystem (What's Live vs Coming)

Live (Off-chain Beta & Multi-Chain):

• BTCY Mining App (PoP sessions, fraud checks, subscription boosts).
• Nugget Ledger (off-chain accruals).
• Linked Accounts Hub (up to 5 linked accounts; shared checks).
• BTCY Token live on Solana and Tron networks.
• Alchemy conversion system with supported wallets.

2.8 Coming Soon

• Indexx Exchange integrations for BTCY pairs.
• Block Explorer (chain metrics, tx history).
• Developer Hub (docs, SDKs, grants).
• Shop / Pay / Browser / Social (ship in waves after core is stable).
• Indexx Brainstorm / DAO Hive (on-chain governance + funding).

We’re deliberately staging launches. Utility beats breadth.

3. Technical Architecture

3.1 Consensus

• Current: Solana (Proof-of-History) and Tron (Delegated Proof-of-Stake).
• Planned: Stellar-fork with FBA for a sovereign chain.

3.2 Asset Model & Supply

• Total Supply (fixed): 21,000,000,000,000 BTCY (21 trillion)
• Rationale: 1 BTC = 1,000,000 BTCY (micro-unit framing) × 21,000,000 BTC maximum → 21T BTCY.

Genesis Allocation (illustrative, final TGE to publish pre-mainnet):

• 50% Mining/Participation rewards (multi-year)
• 20% Ecosystem/Grants/Community
• 15% Liquidity/Market-making/Treasury
• 10% Core Contributors (vesting)
• 5% Reserves (security, emergencies)
• (Adjustable before TGE; will be finalized with audit.)

3.3 Dual-Balance Flow (Live → Mainnet)

• BTCY Nugget: off-chain, non-transferable accrual; records contribution history. Mined exclusively via the BTCY App.
• BTCY Token: on-chain, transferable asset on Solana and Tron. It cannot be mined directly. It is acquired by converting Nuggets through Alchemy (using recommended wallets: Phantom for Solana, TronLink for Tron), purchasing via mining packages (e.g., Quantum Mining), or buying on the open market.

3.4 Smart Contracts

• Current: Staking/rewards, vesting/conversions on Solana and Tron.
• Future: Soroban contracts for advanced governance.
• Security first: audits, guarded launches, circuit-breakers.

4. Economic Model & Tokenomics

Price & Market Language

• Remove hard "Start Price $0.21."
• Use: "Initial reference price and liquidity bands will be disclosed prior to listings."
• You can maintain a soft floor narrative in docs, but avoid guarantees.

Emissions & Deflation

• Controlled emissions via PoP schedules; anti-sybil controls to preserve scarcity.
• Programmed reductions (e.g., annual halving or epoch-based step-downs).
• Optional burns sourced from app fees or treasury governance (subject to DAO approval).

Subscriptions

Incentives

• Airdrops, referrals, staking boosts, and DAO perks—ratified by governance.

5.5 Dual-Balance Conversion

• Earn BTCY Nugget → via Mining App + linked-account checks.
• Acquire BTCY Token → Convert Nuggets through approved flows (Alchemy/Quantum/mining milestones) using recommended wallets (Phantom/TronLink) or purchase on supported exchanges.

5. Withdrawals

Minimum to unlock withdrawals/spend: 10,000 BTCY for Lotto and 100,000 BTCY for Alchemy

Rails & Fees (clarified units):

• To Indexx Wallet/Exchange: Zero fee.
• To external chain address (Solana/Tron): network fee + service fee up to 3% (covers compliance + routing).

6. Roadmap (Milestone-based, not year-promise)

Phase A — Off-chain Beta & Multi-Chain Launch (Live)

• Mining app (PoP), Nugget ledger, subscription boosts, anti-bot.
• BTCY Token live on Solana and Tron.
• Off-chain DAO voting, proposal hub.

Phase B — Devnet/Testnet (Coming Soon)

• Stellar-fork nodes, Soroban contracts (staking, conversion, governance).
• Faucet, explorer (read-only), SDKs, validator early access.

Phase C — Mainnet (Coming Soon)

• Sovereign BTCY chain launch, on-chain conversions, initial listings.
• DAO on-chain: proposals, quorum, treasury transparency.

Phase D — Ecosystem & Bridges (Post-Mainnet)

• CEX/DEX pairs, grants, builders program.
• Optional bridges between Solana, Tron, and the sovereign BTCY chain.

7. Community & Compliance

• Ongoing security reviews, public dashboards, and incident disclosures.
• Regional compliance for KYC/AML, sanctions, and consumer disclosures.
• Ambassador & builder programs with transparent criteria.

8. Conclusion

BTCY focuses on everyday, micro-value activity with a practical, multi-chain approach today and a path to a performant, audited sovereign mainnet. The dual-balance model, PoP mining, and current Solana/Tron deployment aim to make crypto usable first—and decentralized over time with transparent governance.

Join the Bitcoin-Yay Ecosystem

• Website: bitcoinyay.com
• Telegram: t.me/+pC3IVlPlwSEyODAx
• X (Twitter): x.com/bitcoin_YAY

Contract Addresses & Supported Wallets

Solana: 7RUbRcqvQ7gXNmfuxsoUoputPXT85fGzoPSu6xXi6U9p

• Recommended Wallet: Phantom

Tron: TJVh7pdziZHNaEwfmBcwZN5JjuEjnN1xzB

• Recommended Wallet: TronLink

For Alchemy conversions from Nugget to Token, we strongly recommend using the supported wallets above for a seamless experience.