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Summary of Mini Bitcoin (mBTC)
Key Points
- mBTC is a proof-of-burn, deflationary utility token that powers the Satoshi Betbot on Telegram.
- The bot offers various games and prediction markets, including Crash, Dice, Blackjack, Roulette, and more.
- Initial token supply: 21,000, reduced to 10,500 after a “halving” event.
- 90% of revenue generated from the platform is used for burning tokens, reducing the supply.
- mBTC is available on Raydium and Jupiter exchanges, with plans for centralised exchanges in the future.
- Unique features: ultra scarcity (less than 0.1% of Bitcoin supply),
About Mini Bitcoin: A Compact Alternative to the Original
Unveiling Mini Bitcoin (mBTC): A Unit of Measurement
Mini Bitcoin is a pioneering, proof-of-burn, deflationary utility token that fuels a revolutionary Telegram-based betting bot, aptly dubbed the “Satoshi Betbot”.
The Satoshi Betbot presents users with a diverse range of games playable with mBTC and SOL, featuring:
Crash: A bespoke adaptation of the popular crypto gambling game “Crash”, optimized for seamless play on Telegram
, Dice games: Innovative twists on traditional dice games, and *Blackjack and Roulette: Timeless classics, reimagined within the app.
Beyond gaming, the bot facilitates both binary and dynamic contractual prediction markets. Notable examples include:
Spot Prices: (e.g., predicting the Bitcoin price on the spot market within a specified timeframe)
, Token Price Ratios: (e.g., estimating the Mini Bitcoin-to-Bitcoin price ratio within a given timeframe), and
Events: (e.g., wagering on the block number at which the Bitcoin halving event will occur)
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Depending on the nature of the wager, the contract will leverage APIs (off-chain) or oracles (on-chain) to facilitate the automatic execution of trade settlements.
The Circulating Supply of mBTC: An Overview
At inception, a total of 21,000 tokens were in circulation. However, a pivotal “halving” event subsequently took place, resulting in a 50% reduction in supply, bringing the total to 10,500, with 50% of the initial supply being permanently removed from circulation.
Following the launch of our Telegram betting bot, the supply is slated to experience a steady decline, as a substantial 90% of the revenue generated from the platform is allocated towards token burns. Notably, profits accrued from mBTC are directly eliminated, whereas SOL is first exchanged for mBTC and subsequently removed from circulation.
Acquiring Mini Bitcoin (mBTC): A Guide to Procurement
mBTC is now accessible for trading against Solana on both Raydium and Jupiter exchanges, with plans for future listings on centralised exchanges.
Unveiling the Uniqueness of Mini Bitcoin [mBTC]
Mini Bitcoin boasts an extraordinary scarcity, with a mere fraction of 0.1% of the existing Bitcoin supply in circulation. Notably, its limited supply surpasses that of nearly all SPL tokens currently available in the market.
Moreover, the bot’s aggressive token burn mechanism is poised to exert substantial downward pressure on the token’s value, potentially leading to pronounced deflationary effects over time.
The utility boasts a pioneering spirit, being the inaugural bot to venture into the realm of prediction markets on Telegram.