Fractal Bitcoin can increase the transaction speed of the Bitcoin network and reduce handling fees. It is of great significance to the entire ecosystem and is likely to become a sought-after target for funds. Therefore, early project interactions can be paid attention to as early as possible and participate while watching.
If you think it's a bit abstract? Don't know how to play? This tweet can be used as a reference for getting started!
01Project Introduction and Progress
Fractal Bitcoin is a solution to expand the Bitcoin network, developed by the Unisat team.
For a detailed introduction, please refer to Biteye’s previous article: “The next explosion point of Bitcoin ecology is coming!”
Yesterday, the Fractal mainnet was officially launched, and the first batch of Bootstrap airdrop rewards were issued, 500,000 $FB were airdropped to UniSat users, and another 500,000 $FB were airdropped to OKX wallet users. It is mainly used to reward active participants in the Bitcoin ecosystem, including runes, inscriptions and other transactions. It is not difficult to get the minimum living allowance if you meet the conditions, and it is generally more beneficial to retail investors.
The total number of tokens airdropped this time is 1 million $FB, which is a drop in the bucket compared to the total issuance of 210 million $FB. It is more for the project to have a better cold start, so that users can have chips to participate in the mainnet interaction. It is more like a subsidy for users to interact with the mainnet Gas than an airdrop.
02Token Economics
Before introducing how to participate, let’s first take a look at the Fractal Bitcoin token model.
The total supply is 210 million tokens, of which 50% is allocated to PoW, and the rest is allocated to core contributors, ecosystem treasury, community, advisors, and pre-sales. In other words, the main way for ordinary users to participate in Fractal Bitcoin is through PoW.
03How to participate
Method 1: Machinery and equipment
Fractal has two PoW methods: merged and permissionless.
Specifically, its consensus mechanism is proof of work - the same as Bitcoin. Participants can use existing ASICs, GPUs, and other hardware devices to participate. The merged class allows participants to participate in both the Bitcoin mainnet and the Fractal network at the same time.
If you use machine equipment, Fairpool, f2pool, and Solo Fractal can all support this method. The corresponding cost of this method is relatively high and it is not suitable for most retail investors. I will not go into details here. Those who are interested can find tutorials on Youtube.
Mining method 2: computing power leasing
The main feature of computing power leasing is that it provides computing power that can be rented. Users only need to pay the rental fee to obtain the required computing resources, reducing hardware investment and operation and maintenance costs. By leasing computing power, the cost is slightly lower than that of machine equipment.
The lowest monthly rent for computing power is 3u/T per month, and the cheapest annual rent is 2U+10%/T per month. Participants can earn 72,000 coins per day. The risk of renting computing power is not low now. After 7 days, the inscription will be online, and the handling fee income may be much higher. After 28 days, the rune will be online.
Note: when choosing a rental company, try to choose a large platform.
Mining method three: Buy NFT
Since most users do not have professional machines and equipment, and computing power is monopolized by large companies, it is difficult for retail investors to participate. BitTera @BitTera_RWA, invested by Bitmain, has launched computing power NFT in cooperation with top institutions. Users only need to purchase the NFT to benefit from $FB tokens, which is currently the most convenient way for retail investors to participate.
As Fractal's first Pow project, BitTera has relatively low risk and high returns. BitTera has launched four NFT products with different computing power days, namely 3 days, 7 days, 14 days, and 30 days. Each NFT contains 10T computing power.
04Other related projects
From DeFi to NFT to games, there are many projects ready to be launched on Fractal. If you participate in ecosystem projects early, you may have the opportunity to get airdrops in the future. However, the majority of airdrops are still in PoW, and everyone can weigh the cost and benefits independently.
