ICONOMI has successfully linked its bitcoin wallet to the Byteball project, taking part in the first round of byte token distribution. With an ICONOMI balance of 6900 BTC, ICONOMI’s stake in the first distribution of bytes represents 9.766% of initial distribution, making it the second largest participant. The value of all acquired Byte tokens is already approaching 200,000 USD.
Byteball (https://byteball.org) aims to decentralise storage and transfer of value, and is interesting because of its new consensus algorithm approach. Byteball’s developers believe that the success of the currency depends on the number of people owning and using it. That’s why they decided against ICO crowdsale, but to distribute 98% of all currency free of charge among Bitcoin holders instead. You can read more about Byteball at https://byteball.org
The received bytes are divided between ICONOMI and ICONOMI.performance DAA (Digital Asset Array™) based on a ratio which derives from an ICO-time decision that all raised capital beyond the 10,000 BTC mark goes to ICONOMI.performance DAA.