BitcoinGo is the first Bitcoin inspired token implementing Proof-of-Stake algorithm. It's built on the Ethereum network and implements all the functionality and standards of classic ERC20 token. On top of that BitcoinGo implements the Proof-of-Stake system, meaning that holders of BitcoinGo can earn extra tokens just by holding BitcoinGo on their wallet for a period of time.
BitcoinGo will start with the innitial supply of 1.000.000 BITGO, that will be locked in a 1M Reward Vault contract. In the initial phase everyone can contribute to get a share of the 1M Reward Vault staking revenue. After a condition is met, all of that 1M tokens will be evenely distributed between the top 10% addresses holding BITGO. After the initial phase is over, contributors will periodically receive staking rewards based of their share in the 1M Reward Vault.
All of the BitcoinGo tokens will be distributed to the community via airdrops, bounties, staking and more...
Reason to develop BitcoinGo or "tokenized Bitcoin" is mainly to support old technology. With very first Bitcoin hybrid Proof-of-Stake & Proof-of-Work protocol.
Proof of Stake 3.0 protocol, Masternodes, SwiftTX Instant Transactions, Private Instant Verified Transactions (full-time private transactions), Obfuscation Mixing Mechanism.
Proof of Stake is a highly energy efficient method of securing a coin's blockchain. Mining does not require the intense computing power, only a small amount of CPU power.
Masternode technology is used fer securing the network with positive side effect of stabilizing the market price. Holders are rewarded with block rewards.
Full privacy is secured by technology making the transactions untraceable. Anonymous transactions are achieved by using Obfuscation Mixing Mechanism.
Transfer your money instantly with SwiftTX, guaranteed zero confirmation transactions. This allows the network to function at optimal efficiency and guarantee steady transaction processing.
Public-key cryptography, in which a pair of a public and a private cryptographic key is generated. The core network is maintained by coin holders and the PoS reduces the risk of 51% attacks.
|5% To Proposals For All Phases||95% Distributed to stake wallet and masternodes|
|Block 1||16 Billions BITGO pre-mined *|
|Blocks 2 – 10,124||PoW 2500 Coins per Block for 10,123 Blocks|
|Blocks 10,125 – 151,200||2500 BITGO|
|Blocks 151,201 – 302,399||1250 BITGO|
|Blocks 302,400 – Infinite||1000 BITGO|
|Block Time||60 seconds with re-targeting after every block|
|Total Supply||12,025,310,000 BITGO|
|Masternodes||10,000,000 BITGO per Masternode|
|Stake Min Age||7 days|
|Transaction Fee||10 BITGO per transaction|
Official BitcoinGo wallet. You can download it from the sources below or view the source code on GitHub.