Published On: Thu, Feb 9th, 2017

Byteball Cryptocurrency Platform Gears Up for 2nd Round of Token Distribution

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Byteball, the Moscow-based Russian cryptocurrency platform has announced the upcoming distribution of its “Bytes” crypto tokens. The second round of distribution, which follows the initial bytes’ giveaway organized on the Christmas day of 2016 is scheduled for February 11, 2017, at 0033 (UTC) hours.
[Note: This is a press release]
The upcoming distribution round is set on the full moon day of February. This time, both Byteball and Bitcoin community members can participate in the distribution. The existing Byteball community is made up of Bitcoin community members who took part in the launch day giveaway where they were issued Byteball tokens proportional to their respective Bitcoin holdings.
During the initial distribution, Byteball gave away bytes (native cryptocurrency) and blackbytes (untraceable private currency) to accounts linked to over 70,000 BTCs. In the upcoming distribution, Byteball will be offering 0.1 gigabytes (GB) for every GB and 0.0625 GB for every Bitcoin held by eligible community members.

In a press release, the Byteball team was quoted explaining the distribution process by saying,
In the new distribution, 1GB holding receives the same share as 1.6 BTC. 1 GB is currently traded at 0.05 BTC.
The technology behind Byteball is designed to help the cryptocurrency avoid scalability issues similar to that of …

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