WHAT IS IPBT?
IPBT (Token: ipbt) refers to the proof of workload generated based on the IPFS OS blockchain technology in the IPFSBIT sharing ecosystem. IPFS OS users use the IPFS OS to share network resources, hard drive storage resources, and CPU power resources to obtain IPBT. IPBT is based on Ethereum ERC20 technology, Token code: ipbt , which is the incentive for users to use IPFSBIT hardware and IPFS OS operating system.
WHAT CAN YOU DO WITH IPBT?
Users can obtain IPBT by sharing computer resources, and IPBT can be used to exchange corresponding goods.
PURCHASING OTHER CRYPTO CURRENCIES WITH IPBT
ADDITIONAL IPFSBIT SERVICES
Technical support for the purchase of IPFS Bit, including but not limited to, 1v1 customer service technical support, large-scale distributed node deployment, new version of operating system priority usage rights, and so on.
HOW TO ACQUIRE IPBT
(1) By using the IPFSBit operating system IPFS OS to share idle bandwidth and storage.
IPBT Calculation weights:
- H. Hardware performance
- S. Device storage space in GB
- U. Uploading bandwidth in Mbps
- T. The accumulated online hours of a device in one day.
The number of points earned per day for the network duration is X = H*S*U*T
- For Hummingbird H1, H=1
- The S storage base of the device storage space is 1. When the storage is < 1TB, S=0. For each additional 4TB of storage, S increases by 0.1.
- The base of uploading bandwidth U is 1. When the bandwidth is < 4Mbps, U=0, and each additional 4Mbps U increases by 0.1.
- If the total online duration in one day < 20 hours, T = 0, else T = 1
(2) By participating in the official promotions of IPFSBit, airdrop, etc.
The first stage:
Before the IPFS went online, IPFSBIT had a repurchase right for the IPFSBIT IPBT, which was meant to reward the seed users who purchased the mining machines.
With the release of IPFS/Filecoin, the same amout of IPBT as FIL will be awarded to those who mines FIL.
The third phase:
IPBT (Token: ipbt) is a rewarding system for IPFSBIT to encourage users to share their storage and bandwidth. It only circulates within the IPFS OS ecosystem. In addition, it does not have any legal implications, nor does it have any properties like financial investment and management. IPBT are designed to encourage you to work with us to provide a strong foundation for IPFS/Filecoin blockchain storage and to build a next-generation distributed cloud storage network.
This white paper mainly describes the construction and operation models of the IPFSBit IPFS OS platform. The document is maintained by Beijing IPFSBIT Technology Co., Ltd., and the corresponding terms may be modified at any time, but there is no obligation to keep it up to date.