Byteball is a prominent cryptocurrency built on Direct Acyclic Graph (DAG) technology. It's a live platform with it's wallet available on iOS, Mac, Windows, Linux and Android.
Byteball's Unusual Token Distribution
The currency - GBytes - was pre-mined with 1,000,000 GBytes being the total supply (forever). Each GByte (or Giga Byte) is one billion Bytes.
Byteball has elected to distribute the entire currency (well, 99% of it) for free, as widely as they possibly can and they have been slowly doing this for the past 17 months. At the current market valuation, GByte-owners have been handed a combined US$90m of value.
So far about 60% of the total supply of the currency has been distributed and now Byteball are giving another large chunk - worth millions of dollars - to Steem users as part of a strategic platform integration effort.
Why is Byteball doing this?
The key reason cited for this is that Steem and it's ecosystem of applications and users, is one of the largest active crypto community out there.
How Steem users qualify
Byteball are giving between $10 and $160 to every Steem account holder, based on the Steem reputation of the user. You need to have a reputation of at least 30 on Steemit in order to qualify.
- Steem reputation above 30: you get a $10 reward
- Steem reputation above 40: you get a $20 reward
- Steem reputation above 50: you get a $40 reward
- Steem reputation above 60: you get a $80 reward
- Steem reputation above 70: you get a $160 reward
To qualify, first download a ByteBall wallet and follow the instructions below:
Ask a fellow Steemian who already successfully completed the attestation, to send you 60,000 Bytes (a few cents). I will send you 60,000 Bytes if you comment below with your byteball address.
Click the “Chat”-button to the bottom right of the wallet screen.
Click the “Bot Store” tab to the top right.
Scroll down to find the bot named “Steem attestation bot” and click that.
When added, the bot will greet you with a message explaining the process. First it will ask you to enter the address of the wallet you want to attest. Simply click the small icon at the bottom left and choose “Insert my address (Small expenses wallet)” and press the send button to send it to the bot.
The bot will now generate a link to Steemconnect. Click this link and follow the login procedure. Click the account you wish to use and proceed to login to prove you are the owner.
The bot will then ask if you want to store your username private (in your own wallet and only a hash i published) or public (details visible in the Byteball DAG). To enable others to send funds to your username instead of your wallet address, you must choose public.
Finally, the bot will ask you to pay the attestation fee to cover the transaction fee of storing the attestation (private or public) on the DAG. Simply click the “Payment request 49,000”- link to send the funds.
As soon as the payment is confirmed, the bot will let you know it received the payment and transfer your reward based on your Steem reputation.
If you have any issues, comment below for help.
Hi, my address is GXKU64SNQL4EP7QTR2S35VAFTTRGPWDD
Please send me 60000 bytes, thank you!
Already received it thanks again!!
Hey. Please, help me! :)
OE3CRE5XRW63MONSU5AA4UL6KNX4GHRE
byteball:E64VAJJCQWVOU7NRA24ZHJRZM5LALH3O
sent
Thank you!
Will you help get a reputation of 40?
wow great concept sir..
Hey i followed your instructions and downloaded the wallet and created a byteball address - ZCTV5H6HUOITVYGGDJBMRN3FTN54GRSZ
My rep is 56 but i only got 20 dollars worth this thing is a lieeeeeee
"Your reward is split 50/50 between cash and a smart contract, much like rewards are split on Steem between Steem Blockchain Dollars and STEEM.
This means that 50% of the reward is spendable immediately after attestation. The other 50% is paid to a smart contract that can be unlocked after one year. Once this time period is reached you will be able to withdraw the remaining 50% of the reward."
https://steemit.com/steemit/@punqtured/official-byteball-airdrop-to-steemians
Thanks for clearing that up man, i didn't read the fine print i was just amped to get my free internet money
I've downloaded this app, how this application works only once or how please enlighten from you.
Once you open the wallet app, go to the 'receive' tab and copy your address. Paste it here and someone will send you the Bytes then you can follow the instructions to get the airdrop.
You got a 53.38% upvote from @emperorofnaps courtesy of @rynergy!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
okay
QWZH3H4N5C7VQBEWKLWCASGG5UDROTXW
I've been considering taking the rewards but I had heard there were security issues with steem connect. I'll check in chat I guess to see if that was cleared up then.
should be ok - you only need to use your posting key
?????
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what if i have already received from someone else. can i still send my address for another..
You can only attest each steem account once. If that's what you are asking?
How to withdraw?
Hi. Withdraw what?
Byteballs. How can you send it to your bitcoin wallet
This comment was made from https://ulogs.org
Btyes are native to byteball network so they need to be in a byteball wallet. Unless you have a multicoin wallet that accepts bytes?
You cannot send it directly because they have their own (DAG) chain. But you can exchange it easily to Bitcoins or other altcoins, read about it in our wiki:
https://wiki.byteball.org/Trading#Buying_GB_on_exchanges
Thank you 😊
This comment was made from https://ulogs.org
If you want I will trade you STEEM for your byteball ( 1 STEEM per 16,000,000 bytes)
Congratulations @rynergy!
Your post was mentioned in the Steemit Hit Parade in the following category:
Thank you for the article. Please send me the 60,000 Bytes
my address is: VW2JRHMFPL6ISQ4IRF7FLGBD3JBOVZUJ
SO4FHAKNXBJESEGSEPX35CMKQKCBTUED
The Byteball team cancelled the attestation fees, so the only option for getting referral rewards is a referral link! Please read more about this change here:
https://medium.com/byteball/byteball-steem-attestations-now-referral-by-link-only-8ec6c79276b5
Yup - just realised that! thanks
Address: 4PPFX7EJWWHIHC5ORYZOESHI3BNYHKEG
Your help will be appreciated :)
Oh I see. That part I wasn't able to read. Haha. I'm happy enough to be part of this and get free $$$. 😄 They made it easy so it's the first airdrop I joined.
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Legit trusted payment proof website, you can make lots of money from here.
Link for Indian - http://www.socialaddworld.us.com/Registration.aspx?spnid=8509166707
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For more details information go to my steemit account @pulak
I've been following this as more things have been happening. Will need to actually go download a wallet, which I've not done as of yet, and go check it out. Wondering now whether or not there is a way to exchange bytes for steem? If so, then it might be good for my steem power. I need more. LOL
You can exchange GBYTE to BTC and BTC to STEEM on Bittrex and UPbit.
Thanks
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