Bytom

What is Bytom?

Bytom is a blockchain-based open-source value-exchange protocol aiming to tokenize real-world assets like warrants, securities, dividends, and bonds. Users can create assets without limits and circulate them freely on the Bytom blockchain.

The platform is designed to bridge digital and physical assets, facilitating the exchange, management, and tokenization of diverse assets. It seeks to seamlessly connect tangible assets to the digital realm, fostering increased liquidity and innovative trading methods.

Bytom's Product Ecosystem

Bytom has developed a series of products in addition to the Bytom blockchain:

• DeFi protocol - MOV
• Open cross-chain gateway - OFMF (Open Federation Management Framework)
• Enterprise blockchain - Bystack
• BBFT + DPoS High-speed sidechain - Vapor
• Data service provider - Blockmeta
• Mobile Wallet - Bycoin
• Chrome extension wallet - Byone

How Does Bytom Work?

Bytom's Asset Management platform enables the registration, issuance, and transfer of various digital assets. The platform classifies assets into income, equity, and securitized categories, allowing for efficient trading without intermediaries. Bytom's architecture consists of Application, Contract, and Ledger layers, ensuring decentralized asset management while adhering to regulatory standards.

Bytom 2.0: Evolution and Tokenomics

Bytom 2.0 represents a significant evolution, consolidating the platform onto a singular chain for enhanced efficiency and reduced operational costs. The transition to a PoS consensus mechanism, coupled with a controlled token supply, aims to optimize staking incentives and promote long-term stakeholder engagement.

Bytom Use Cases

Bytom offers versatile applications, including asset tokenization, cross-chain interoperability, securities trading, debt instruments, dividend distribution, and crowdfunding. These use cases illustrate Bytom's potential to revolutionize various industries and empower users to participate in tokenized economies.

Bytom (BTM) Coin Utility

BTM serves multiple functions within the Bytom ecosystem, including transaction fees, dividends for income assets, asset issuance deposits, and block rewards for miners. Bytom's transaction fee structure and storage options ensure security and accessibility for users.

Available Wallets & Exchanges for BTM, as listed on Bytom's website: Binance Web3 wallet, OKX Web3 wallet, imToken, Bitpie, Cobo Wallet, OneKey, MathWallet, HyperPay, Gate.io, HTX, and MEXC.

Bytom Exchange and Visions

Bytom is actively traded on various exchanges, with a focus on enhancing liquidity and accessibility. The project's visions encompass a new Web3, combining AI and crypto tech, treating data as an asset, protecting personal privacy, and proposing DAO governance for community-led decision-making.

New Organization

Bytom's governance model shifts to a DAO structure, with BTM holders participating in decision-making processes. The DAO treasury will be funded by a portion of the total token supply, ensuring community involvement in the project's future direction.

Project Development

In 2024, Bytom unveiled a comprehensive roadmap, outlining key developments for the year:

1. Governance Protocol: By releasing the treasury contract and governance DAPP, Bytom completed the infrastructure of its DAO, transitioning from a temporary committee to a decentralized governance committee, marking a significant step towards formalized decentralized governance.
2. Digital Human for BytomDAO: Bytom embarked on creating a digital human for BytomDAO, leveraging GenAI and BTM. This innovation aimed to enable users to track project progress and engage with products in real-time through simple and vivid interactions.
3. First CryptoGPT Model in Web3: Bytom set out to pioneer the first vertical LLM in the web3 industry, enhancing the intelligence of a wide range of Web3 applications. This model, serving purposes such as risk identification, project analysis, investment advisory, and developer training, empowered users to access basic crypto knowledge through dialogue form interactions, contributing to broader crypto adoption and understanding.

Bytom Price Analysis

As of November 24 2024 Bytom has a marketcap of $9M. This is {{percentagefromath}} from its all time high of $1.16. In terms of its tokenomics, there's a total supply of 2.1B with 86% currently outstanding. Keep in mind Bytom has a fully diluted value of $10M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.