Connecting to the Bitcoin Gateway? -- Latest Analysis of PTB Welfare Activities
🔥🔥🔥 Recently, Gate's promotional benefits have been coming one after another. We have recently welcomed the PTB LaunchPool and CandyDrop events. Just a little effort can help you grab the rewards that are being offered. Below is a detailed explanation of the event strategy:
CandyDrop event phase 78, trade PTB contracts to win up to 3000 PTB
This edition of the CandyDrop event includes three main sections: the user first contract trading prize pool, the contract trading prize pool, and the VIP user trading prize pool. (For detailed content, click on the right: https://www.gate.com/zh/announcements/article/46922)
Contract First Trade Prize Pool
For users who have never traded contracts, this may be a good start.
Reward Achievement Conditions: Users who have not engaged in contract trading must conduct their first PTB contract trade with a trading volume ≥ 500 USDT.
Reward Amount: Fixed 300 PTB
Participation Strategy: It is recommended to prepare 100U as starting capital and use 5x leverage to go long/short on PTB contracts.
Note: The total prize pool is 500,000 PTB coins, available on a first-come, first-served basis. Please hurry.
Contract Trading Reward Pool
Any user with a cumulative PTB contract trading volume (opening + closing) ≥ 1,000 USDT can receive corresponding candy rewards based on different transaction volume gradients, sharing a reward pool of 1,328,947 PTB.
Reward achievement criteria: Contract trading volume > 1000U, estimated to receive 30PTB
Contract trading volume > 2000U, expected to obtain 92PTB
Contract trading volume > 5000U, expected to obtain 153 PTB
Participation Strategy: Trade with 5x leverage based on your own capital, or use contract grid trading to complete tasks.
Note: Contract trading carries risks, make sure to set stop-loss.
VIP user exclusive prize pool
VIP users also have exclusive benefits, with a prize pool of 1,328,947 PTB, and a single user limit of 1,500 PTB.
Reward criterion: Contract trading volume > 30000U, expected to receive 500 PTB
Contract trading volume > 50000U, expected to receive 1000 PTB
Participation Strategy: Trade with 5x leverage based on your own capital, or you can use contract grid trading to complete the task.
Gate Launchpool Phase 309: Stake to Receive Airdrop Rewards
Gate Launchpool Phase 309 has launched the staking activity for PTB. Users can stake BTC and PTB to share 2,368,421 PTB tokens for free, and receive airdrop rewards every hour (details at https://www.gate.com/zh/announcements/article/46934). It is important to note that if users stake BTC and choose to redeem, transferring the assets to the YuBiBao [7 days] fixed product can also add 35% extra airdrop rewards on top of the original staking rewards. The operation is simple, come enjoy the joy of making money effortlessly!
🙋🙋What are the investment advantages of PTB?
Portal to Bitcoin is a cross-chain exchange protocol designed to achieve trustless and censorship-resistant swaps between Bitcoin and other blockchains. It allows users to exchange native assets directly across different blockchains without relying on traditional wrapped assets, bridges, or custodians. It offers the scale, speed, and low fees of centralized exchanges. The project has a very large scope, aiming to create a "Gateway to Bitcoin."
💪💪Technical Advantages:
--Innovative BitScaler Protocol: This is the core operating layer of Portal, a proprietary scaling technology. It allows Bitcoin to handle more transaction types and higher throughput, even at lower fees than the Lightning Network, without the need to change the Bitcoin core protocol, or require bridging, L2, side chains, or wrapped derivatives. It utilizes Taproot and Mini_script_ to enable policy-based smart contract execution, supporting scalable off-chain contracts through channel factories, achieving real-time non-custodial swaps while maintaining the underlying security of Bitcoin.
--Excellent cross-chain exchange performance: Facilitates atomic swaps between Bitcoin and multiple blockchains such as Ethereum and Solana.
--Non-custodial design: User funds are always under their own control, without the need to rely on bridging or wrapped assets, ensuring transaction security through Hash Time-Locked Contracts (HTLC).
💰💰Token Economic Model:
✅The total supply of PTB is fixed at 8.4 billion coins, with an initial circulation of 2.075 billion coins, corresponding to an FDV of 337 million USD. The specific allocation ratio of the tokens and the unlocking period can be seen in the figure below (Figure 4). It can be observed that the initial circulation rate of the tokens is relatively high, but the selling pressure after the launch has not suppressed the coin price; instead, the buying pressure is very strong.
✅Token Use:
--Transaction Fees and Burn: All exchange transactions on the network will incur a fee of 0.3%, of which half (i.e., 0.15%) is used to repurchase PTB tokens from the open market and permanently destroy them. This ongoing burn mechanism will continuously reduce the circulating supply of PTB, as network demand increases,
--staking rewards: The release of tokens is primarily used to reward liquidity providers (65%) and validators (30%), incentivizing them to participate in network maintenance and provide liquidity.
--Governance Function: PTB holders can vote on protocol upgrades, fee parameters, and network decisions.
The economic model indicates that the token has certain deflationary characteristics. If future developments meet expectations, the supply will continue to decrease. Although the initial circulation ratio is relatively high, the coin price has not fallen, indicating that the market is optimistic about future prospects. In the future, it will be important to monitor whether the support at 0.047 is strong.
What do you think of PTB, and how do you plan to invest in it? Feel free to leave a message and also participate in the events hosted by the Gate platform.
"PTB Creation Contest"!
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