The Bither Stock Network

The “Bither Stock” network is an internal network on the second layer. Shortly after the setup of the main network, the developer team will set up the Bither Stock network on its basis. The aim of Bither Stock is to create a system based on blockchains, in the form of a blockchain holding-company and in order to provide the possibility of leasing a part of the hashing power of the network. This internal network has a fixed number of coins, all of which will be released at the beginning of its operation. For example, for projects that need a larger-scale of computing power in a given period but do not have the possibility to obtain and keep supercomputers, Bither Stock can be a good choice. The initial contributors play an undeniable role in the development of the Bither network. With their support and trust in the technical team, they allow the network to grow and mature. As a reward, a quarter of Bither stock tokens will be dedicated to them.

The owners of Bither Stock are shareholders in leasing hashing power (based on the second layer), which will have a lifetime fixed income on a weekly basis. These transactions take place using “Rental Processor” that is a token on Bither’s third layer. It is considered as the network currency for internal transactions toward leasing hashing power. The price of hashing power in the Bither Stock network will be depending on supply and demand, and a 2% commission will be taken for each transaction. This amount will be saved at a fixed address that can be checked by everyone and the total received commission will be distributed among shareholders (according to the ratio of their share to the total one hundred million tokens). This distribution will be done on a weekly basis with Rental Processor as the currency (a minimum will be defined).

In fact, the implementation of the second-layer network of Bither Stock and its dependent third-layer network of Rental Processor serve as an exemplar to demonstrate the capabilities of the Bither platform. Bither Stock is a holding company and in exchange for keeping their share, its shareholders will have an adequate lifetime income. This network will have its own independent website (Bitherstock.io) and the decision making and voting in this network will be completely independent and outside of the Bither platform’s ecosystem.

During the presentation of the Bither network’s token (during presale), 25 million tokens of the Bither Stock network will be given to the contributors, which can also be transferred, bought or sold. In the end, shortly after the release of the main network and swapping of the “Bither token” with “Bither’s main coin”, the sidechain of Bither Stock will be released too and its tokens will be swapped.

To handle transactions in the sidechain of Bither Stock, 2 billion Rental processor tokens are also created, a quarter of which will be distributed among Bither's supporters and participants. It means that for each Bither stock token, they will receive 20 Rental processor tokens as well.

As a matter of fact, since the Rental Processor token is needed for the hash rate of the network to handle transactions, it will be listed on major exchanges and can be traded after the launch.