Bytom’s 11 years period lock-up plan

BytomDAO
2 min readJul 17, 2020

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After the release of the two years period long coin burn plan, Bytom released “scheduled transfer Smart contract”.

For the sustainable development of Bytom project, Bytom Foundation will use the scheduled transfer Smart contract to lock up 420,000,000 BTM.

As described in the “Wandering Earth” plan released by Bytom in 2019, Bytom will carry out this plan in five stages: the braking era, the escape era, the first wandering era, the later wandering era, and the New Sun era. The goal of the braking era has been It was successfully completed in 2019 and is currently in an era of escape. Therefore, this lock-up plan will start from the era of escape until the end of the New Sun era. It will lock up for 11 years and be released in 4 periods by scheduled transfer smart contract

Wandering Earth originally came from a Novel written by Liu cixin, author of the Hugo Award-winning book “The Three-Body Problem”

11 year’s Wandering Earth lock-up plan

Important information about the lock-up

2017–2031 BTM Circulation Supply (million)

Because of the lock-up plan the Circulation supply will be greatly decreased compared to the original plan.

We are actively expanding the ecosystem of the Bytom, and now the ecology of the Bytom is gradually improved, becoming one of the few public chain projects in the blockchain industry with product lines in multiple fields.

1. The main Public blockchain — Bytom, which expands the bitcoin UTXO model than the original chain

2. Sidechain — Vapor, using BBFT+DPoS consensus, the limit tps can reach 160,000 tps theoretically.

3. Enterprise blockchain platform — Bystack, using Bytom’s underlying technology

4. DeFi protocol — MOV, a cross-chain + DEX + loan + stable currency DeFi protocol

11 years is a long period, but we stick to our plan and goal, and the only goal is to build Bytom ecosystem.

Smart contract details:

Txid:

https://blockmeta.com/tx/2b234a3cac12ecb6c6e8b798c793d9590dc9fa07992d643af397cf7e18efb788

https://blockmeta.com/tx/c519cd25634aabec052f232a913d6b547473edf2d8733328d35c8b1dcb1206c9

https://blockmeta.com/tx/34d5ff3974330f4ae5070b819035ed87f184687ce3320b23f54101576459fd43

https://blockmeta.com/tx/c7f02ba6eaf14bc44ca8b992b27600fb6933775a0187a2bac86d91461ce3ec09

Lock up address as follows.

All data are open and transparent and can be monitored by the entire community:

2022.05.01 First Release

Address:

bm1q7k60tw9tklmutfmpwmnjkpgtcchdj0gvdfkm049hcyqa34wys6esyjczmk

Script:

0020f5b4f5b8abb7f7c5a76176e72b050bc62ed93d0c6a6db7d4b7c101d8d5c486b3

Smart contract:

cd0369140da2690007004024c2b14d2520ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff512200205ed7a7a4b2eefa30918e5643fbee1c10ec9c6cc18fa05aa44c417e40a26c823cc1

2025.05.01 Second Release

Address:

bm1qzpjx822f3fcs72zh5yteg32rfuxusxh22z629w5na5cw7p7xy5vs8j0042

Script:

0020106463a9498a710f2857a1179445434f0dc81aea50b4a2ba93ed30ef07c62519

Smart contract:

cd0367b616a2690007004024c2b14d2520ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff512200205ed7a7a4b2eefa30918e5643fbee1c10ec9c6cc18fa05aa44c417e40a26c823cc1

2028.05.01 Third Release

Address:

bm1qzvl2w5j4k3elv4q2z7c94lm0shnfgj6ywgv83z9ynu27f9p3ucusr0yqz2

Script:

0020133ea75255b473f6540a17b05aff6f85e6944b4472187888a49f15e49431e639

Smart contract:

cd03675820a2690007004024c2b14d2520fffffffffffffffffffffffff

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BytomDAO
BytomDAO

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