Bitcointry Token PriceBTTYInactive

What is Bitcointry Token (BTTY)?

Bitcointry Token (BTTY) is the native service token of Bitcointry.com, a platform that describes itself as the world's first web3-supported hybrid bitcoin and altcoin cryptocurrency exchange. The token was launched one day after the exchange itself, positioning BTTY as an integral part of the Bitcointry ecosystem from its earliest days. According to project materials, BTTY was launched on the Ethereum network as an ERC-20 token, and it is also described as operating on the BNB Smart Chain as a BEP20 asset. CoinMarketCap categorizes it under the BNB Chain Ecosystem and as a Centralized Exchange (CEX) token.

The token is designed to serve multiple functions within its platform, including acting as a medium of exchange, covering transaction fees with discounts for holders, and enabling staking and governance participation. In terms of supply, the project states that 1 billion tokens were created, while CoinMarketCap lists a total supply of 385.28 million BTTY. The project has experienced significant developments, including a closure announcement posted on X, and CoinGecko notes that BTTY tokens stopped trading on all exchanges listed on its platform approximately one month before the referenced material date.

Key Specifications & Tokenomics

• Name: Bitcointry Token
• Symbol / Ticker: BTTY
• Blockchain / Platform: Ethereum (ERC-20); BNB Smart Chain (BEP20)
• Token Standard: ERC-20; BEP20
• Contract Address (Ethereum / ERC-20): 0x9cc83D580180f0d37d00e5d86ce868f73b6E3D0A
• Decimals: 18
• Contract Name (source code): CoinToken
• Compiler Version: v0.8.5+commit.a4f2e591
• Optimization: Enabled, 200 runs
• License: None
• Total Supply (CoinMarketCap): 385.28M BTTY
• Self-Reported Circulating Supply (CoinMarketCap): 385.28M BTTY
• Total Supply (Etherscan / Ethplorer): 1,000,000,000 BTTY
• Circulating Supply (Etherscan): 385,282,617.00 BTTY
• Circulating Supply (CoinGecko): 390 Million BTTY
• Maximum Supply (TokenInsight): 500,000,000.00
• Category: Centralized Exchange (CEX) Token, BNB Chain Ecosystem
• CertiK Rating: 3.5
• Contract Security Audit: No Contract Security Audit Submitted
• Official Website: https://bitcointry.com/
• Whitepaper: https://bitcointry.com/Whitepaper.pdf

Who created Bitcointry Token?

Specific public information regarding the individual founders, development team members, or the founding organization behind Bitcointry Token is currently limited in the available references. The project is directly associated with the Bitcointry.com cryptocurrency exchange, and the token serves as the official and native service token of that platform. The exchange describes itself as the world's first web3-supported hybrid bitcoin and altcoin cryptocurrency exchange.

According to a closure announcement posted on the project's official X account, Bitcointry was launched in 2023, and the team stated it had continuously worked to improve the platform since that time. The announcement also referenced BTTY tokens previously allocated for the team. Beyond these references, detailed public information about the founding team, their backgrounds, or the organizational structure is not extensively documented in the provided materials.

How does Bitcointry Token work?

Bitcointry Token operates as a utility token within the Bitcointry exchange ecosystem. It functions on the Ethereum blockchain as an ERC-20 token and is also described as operating on the BNB Smart Chain as a BEP20 token. The token's smart contract, named CoinToken, includes standard functionality such as approval mechanisms, ownership transfer, and a mint-finished event. The contract constructor accepts parameters for name, symbol, decimals, initial balance, token owner, and fee receiver.

Within the platform, BTTY is designed to serve as a medium of exchange for peer-to-peer transactions, aiming to ensure swift and secure payments with minimal transaction fees. It also functions as a means to cover transaction fees on the Bitcointry Exchange, with holders potentially receiving discounts on trading fees. Furthermore, the token is intended to provide utility in staking and participation in governance proposals, allowing holders to engage in the decision-making processes of the Bitcointry community. The contract also includes a UI multiplier mechanism that scales displayed token amounts based on an active multiplier.

What makes Bitcointry Token unique and valuable?

Bitcointry Token derives its unique positioning from being the native service token of a platform that describes itself as the world's first web3-supported hybrid bitcoin and altcoin cryptocurrency exchange. This hybrid model, combining aspects of centralized and decentralized exchange functionality, is a distinctive characteristic of the Bitcointry platform. The token is designed to offer multiple benefits to holders, including discounted transaction fees of up to 50% on standard fees when used to settle transactions on the platform.

Additionally, holding BTTY tokens is intended to provide access to exclusive platform features such as early access to new listings, airdrops, and various rewards. The token also aims to enhance liquidity through frequent use, allowing users to buy and sell on decentralized exchanges or other platforms listing the token. A portion of the collected transaction fees in BTTY is allocated to fund ongoing development and improvement initiatives for the platform. However, it is important to note that the project has faced significant challenges, including a closure announcement and a trading halt noted by CoinGecko, alongside substantial price declines across multiple timeframes.

What is Bitcointry Token used for?

According to the project's description, BTTY serves several key functions within the Bitcointry ecosystem. Primarily, it acts as a medium of exchange for peer-to-peer transactions, designed to ensure swift and secure payments with minimal transaction fees. This makes it useful for users conducting transfers within the platform or among themselves.

Secondly, BTTY functions as a means to cover transaction fees on the Bitcointry Exchange platform. Holders who use BTTY to settle fees are presented with a discount on trading fees, which can be up to 50% of standard transaction fees. Thirdly, the token serves utility in staking and participating in governance proposals, empowering token holders to engage in the decision-making processes of the Bitcointry community. Beyond these core functions, holding BTTY is associated with potential benefits such as access to exclusive platform features like early access to new listings, airdrops, and various rewards, as well as contributing to the platform's growth and development through token usage and acquisition.

How Is the Bitcointry Token ecosystem developing?

The development of the Bitcointry Token ecosystem has been closely tied to the trajectory of the Bitcointry.com exchange. The exchange launched in 2023, with BTTY following one day later. The platform positioned itself as a web3-supported hybrid exchange allowing users to buy Bitcoin, Ethereum, and Solana in three steps. The token was intended to be central to this ecosystem, providing utility across transactions, fee payments, staking, and governance.

However, the ecosystem has faced significant disruptions. A closure announcement and BTTY update was posted on the project's official X account, indicating a cessation of operations. CoinGecko notes that BTTY tokens stopped trading approximately one month before the referenced material date on all exchanges listed on its platform. Despite these developments, the token remains listed on various data aggregators with differing reported supply figures, and it continues to be tracked under categories such as Centralized Exchange (CEX) Token and BNB Chain Ecosystem. The project's CertiK rating stands at 3.5, and no contract security audit has been submitted.

How to mine Bitcointry Token?

Bitcointry Token is not a mineable cryptocurrency in the traditional proof-of-work sense. It is an ERC-20 and BEP20 token, meaning its supply was created through a smart contract deployment rather than through mining. The project's contract includes a MintFinished event, indicating that the minting process for the token has been concluded. According to project descriptions, 1 billion tokens were created.

For holders seeking to earn rewards, the project describes utility in staking, which allows token holders to participate in staking activities within the Bitcointry ecosystem. Staking is presented as one of the core functions of BTTY, alongside governance participation. However, given the closure announcement and the reported trading halt on exchanges listed by CoinGecko, the practical availability and functionality of staking mechanisms may be limited. There is no public information suggesting that BTTY can be acquired through mining activities.

How to keep your Bitcointry Token Coin safe?

Keeping any cryptocurrency safe requires adherence to general security best practices. Since BTTY is an ERC-20 token on Ethereum and a BEP20 token on BNB Smart Chain, it can be stored in compatible wallets that support these token standards. Hardware wallets, which store private keys offline, are generally considered a secure option for long-term storage. Software wallets and browser-based wallets are also options, though they may be more susceptible to online threats.

Users should always verify contract addresses before interacting with any token. The Ethereum ERC-20 contract address for BTTY is 0x9cc83D580180f0d37d00e5d86ce868f73b6E3D0A. It is important to note that no contract security audit has been submitted for this token, and Etherscan lists its token reputation as Neutral. These factors suggest that users should exercise additional caution. Additionally, given the project's closure announcement and the reported trading halt, holders should be aware of the risks associated with tokens from projects that have ceased active operations. Never share private keys or seed phrases, and be wary of unsolicited offers or phishing attempts related to the token.