Bxbit Whitepaper: Building a New Paradigm of Decentralized Finance

Abstract

Bxbit ecosystem envisions "breaking financial boundaries and achieving global financial inclusion" by innovatively integrating a "global node co-creation system," "Smart Merger cross-chain technology," and the "BXB Chain high-performance public blockchain." This creates a four-dimensional decentralized finance (DeFi) ecosystem with "node-application-chain-token" synergy.

Node co-construction funds are allocated scientifically in proportion: 10% direct referral rewards, 40% community building, 20% insurance fund, 20% public chain development, and 10% community services. Once all 19,700 nodes are deployed, Bxbit Exchange will officially open for trading on July 10, 2026, committed to building a global decentralized financial infrastructure where "everyone can共建,共建has rewards, rewards can be inherited".

Industry Background & Ecosystem Vision

Current Pain Points in Decentralized Finance

• High Global Participation Barriers: Fragmented multi-chain ecosystems create unequal access to financial services across regions
• Disconnect Between Contribution and Rights: Users remain passive participants without deep co-creation mechanisms
• Infrastructure Sustainability Issues: Balancing performance, security, and ecological iteration challenges many projects

Bxbit's Ecosystem Vision

Through "node-based co-creation," we break geographical and hierarchical limitations, transforming users from 197 countries from "ecosystem users" to "ecosystem co-creators." With BXB Chain as the technical foundation, Bxbit application as the entry point, and BXB token as value carrier, we build a secure, efficient, and win-win global decentralized financial network that promotes cross-border efficient flow of financial resources, ultimately achieving "trustless, permissionless, and equal" financial inclusion.

Core Ecosystem Architecture

Bxbit ecosystem employs a "four-in-one" architecture where all dimensions work synergistically to form a complete value chain from technical support to user participation.

Dimension 1: Global Node Network - Core of Ecosystem Co-creation

Nodes serve as "decentralized governance units" of the Bxbit ecosystem, achieving ecological decision-making globalization and decentralization through deployment across 197 countries:

• Node Coverage: 197 sovereign countries with 100 community nodes each (19,700 total nodes), ensuring ecological coverage fairness
• Participation Requirement: 1,000 USDT contribution per node, funds directed to ecological construction without centralized pooling
• Node Benefits:
  • Revenue Sharing: After official exchange operation, nodes share 50% of transaction fees; after BXB Chain sidechain launch, share 50% of sidechain fees
  • Governance Rights: Participate in core decisions including Bxbit Exchange rule adjustments, BXB Chain upgrades, and ecological fund usage with on-chain DAO voting rights
  • Ecological Priority: Priority access to BXB token mining, new feature testing, ecological cooperation and other core activities

Dimension 2: Bxbit Application - User Entry Point

Bxbit application is a "one-stop decentralized financial service platform" for global users, solving multi-chain liquidity fragmentation through Smart Merger technology:

• Core Functions:
  • Cross-chain Trading: Aggregates liquidity from 70+ blockchain networks, analyzes real-time asset depth across chains, automatically selects optimal trading paths, supports intelligent order splitting to significantly reduce slippage
  • Contract Trading: Provides various types of leveraged trading (up to 100x leverage) to meet different risk preference user needs
  • Liquidity Mining: Users providing liquidity to the platform receive BXB token rewards, incentivizing ecological fund active circulation
  • Hash Lottery: Fair gaming mechanism based on proof-of-stake (PoS) design to enhance user participation
  • Asset Management: Supports unified management and configuration of multi-chain assets, simplifying user cross-chain operations
• Technical Advantages: Uses Smart Merger intelligent merging architecture with distributed nodes for real-time multi-chain data synchronization, ensuring transaction timeliness and security; supports email registration + Google Authenticator verification, balancing convenience and account security

Dimension 3: BXB Chain Public Blockchain - Technical Trust Foundation

BXB Chain is a high-performance public blockchain designed for global DeFi, with testnet already launched, positioned as "ecological underlying infrastructure":

• Core Technical Features:
  • High Performance: Uses Delegated Proof of Stake (DPoS) consensus mechanism with 3-second block time, 70,000+ TPS, meeting large-scale transaction needs
  • Low Transaction Costs: 99% lower transaction fees than Ethereum, significantly reducing user and developer costs
  • Cross-chain Interoperability: Built-in cross-chain communication protocol supporting Bitcoin, Ethereum, Polkadot and other mainstream public chain asset cross-chain transfers and interactions
  • EVM Compatibility: Fully compatible with Ethereum Virtual Machine (EVM), existing Ethereum ecosystem smart contracts can be seamlessly migrated, lowering developer barriers
• Token Roles:
  • BNB: Serves as BXB Chain "fuel token" for paying transaction fees and smart contract execution costs
  • BXB: Serves as BXB Chain "native governance token" for node staking, on-chain voting, and ecological incentives

Dimension 4: BXB Token - Ecological Value Carrier

BXB is the "native value asset" of Bxbit ecosystem with triple attributes of value capture, rights governance, and ecological circulation:

• Issuance Mechanism: No fixed total supply; during 6-month mining period, produced through node contributions, miner purchases, staking, liquidity provision, etc.; after mining period ends, global user actual holdings serve as final total supply with zero additional issuance, ensuring token scarcity
• Value Support: Linked to Bxbit Exchange fees, BXB Chain sidechain fees, and ecological service revenue, with token value growing synchronously with ecological scale expansion
• Circulation Scenarios: Can be used for exchange trading, public chain Gas fee payments, node staking, ecological governance voting, miner purchases, etc., covering the entire ecological process

Ecological Participation & Incentive Mechanisms

Bxbit ecosystem designs diversified participation paths where both ordinary users and node co-creators can obtain rights and rewards through various methods, achieving "low-threshold participation, high-value Returns".

Ordinary User Participation: Registration & Basic Rights

• Registration & Authentication: Complete account registration via email, bind Google Authenticator to complete real-name verification; new users receive 1 "mining weight" by default after registration (weight is the core basis for BXB Mining income distribution)
• Invitation Incentives: Successfully inviting first-level friends increases own weight by 0.5; inviting second-level friends increases own weight by 0.3. Higher weight results in higher BXB Mining income
• Miner Activation: Users can manually activate miners twice daily, or pay 30 USDT to enable "auto-activation" function for continuous Mining income without manual operation

Deep Participation: Miner, Staking System & Team Level Incentives

Miner System: Permanent Weight, Long-term

Users purchasing miners with USDT obtain "permanent mining weight", with weights, supporting continuous participation in BXB mining:

• Referral Rewards: Inviting friends to purchase miners yields USDT rewards (direct referral 10%, indirect referral 5%), incentivizing users to expand ecological scale

Staking System: Flexible, Stable

Users staking USDT obtain "short-term mining weight", while paying 5% management fee (for ecological operation and maintenance), with flexible staking options:

• Referral Rewards: Inviting friends to participate in staking yields USDT rewards (direct referral 2%, indirect referral 1%), promoting ecological fund

Team Level Incentives: Tiered Rewards, Encouraging Ecological Expansion

Based on total team miner investment amount, 10 team levels are set with higher levels enjoying higher team token reward percentages, while supporting peer-level/cross-level rewards:

1. Total team miners 10,000U promotes to V1,Enjoy 10% of the team's currency production
2. Total team miners 100,000U promotes to V2,Enjoy 20% of the team's currency production
3. Total team miners 500,000U promotes to V3,Enjoy 30% of the team's currency production
4. Team produces 1 V3 in two different markets promotes to V4,Enjoy 40% of the team's currency production
5. Team produces 1 V4 in two different markets promotes to V5,Enjoy 50% of the team's currency production
6. Team produces 1 V5 in two different markets promotes to V6,Enjoy 60% of the team's currency production
7. Team produces 1 V6 in two different markets promotes to V7,Enjoy 70% of the team's currency production
8. Team produces 1 V7 in two different markets promotes to V8,Enjoy 80% of the team's currency production
9. Team produces 1 V8 in two different markets promotes to V9,Enjoy 90% of the team's currency production
10. Team produces 1 V9 in two different markets promotes to V10,Enjoy 100% of the team's currency production

• Peer-level/Cross-level Rewards: Additional 10% team token rewards for peer-level or cross-level referrals, further incentivizing users to expand teams

BXB Mining Mechanism: Fair Distribution, Transparent income

Block Production Rules

• Production Frequency: 1 block generated per minute, ensuring income timeliness
• Production Difficulty: Dynamically adjusted based on global registered user count and node count, preventing single user or node from monopolizing income, ensuring fairness
• Initial Production: Real-time production mechanism where BXB rewards are obtained based on personal weight, gradually optimized with ecological user and node count growth, ensuring token value stability

Production Distribution Proportion

Mining-produced BXB is through "mining pool classification", covering users with different participation methods:

• Ordinary Mining Pool (30%): For all registered users, distributed according to network user weight Proportion, encouraging basic participation
• Miner Pool (50%): For users purchasing miners, distributed according to miner weight Proportion, incentivizing deep co-creation
• Staking Pool (20%): For users staking USDT, distributed according to staking weight Proportion, stabilizing ecological funds

Weighted Mining Algorithm

Uses "multi-dimensional weighting" mechanism where users can enhance mining weight through various methods to obtain more BXB rewards:

• Weight Calculation Coefficients:
  1. Staking Weight: Basic weight obtained from staking BNB or BXB
  2. Value-Expansion Weight: Additional weight obtained from purchasing and operating official mining pools
  3. Activity Weight: Computing power bonus weight obtained from inviting friends
  4. Trading Weight: Additional weight obtained from platform trading volume contributions
• Mining Formulas:
  • User Total Weight = Staking Weight × (1 + Value-Expansion Coefficient + Activity Coefficient + Trading Coefficient)
  • User Daily Mining Reward = (User Total Weight / Network Total Weight) × Daily BXB Release Total

Node Fund Allocation & Ecological Security

Scientific Allocation of Node Funds

The co-creation funds from 19,700 nodes (totaling 19.7 million USDT) are allocated according to the following proportions to ensure funds are used for ecological core aspects, avoiding waste and misuse:

Ecological Security

1. Technical Security: BXB Chain uses DPoS consensus with distributed node verification preventing single points of failure; Bxbit application uses multi-layer encryption technology protecting user accounts and transaction data security
2. Fund Security: Node funds are deposited into smart contracts proportionally, directed to ecological construction, with transparent fund flows接受全网 node supervision
3. Compliance Security: Follow financial regulatory requirements in major global regions, gradually establishing fiat trading channels, promoting ecological compliance development

Ecological Development Roadmap

Bxbit ecosystem advances through five stages ensuring node construction, technology implementation, user growth, and trading launch develop Collaboration, avoiding progress Disconnect.

Core Team Introduction

Bxbit core team consists of senior experts from blockchain technology, financial technology, and global operations fields with average experience exceeding 8 years, possessing rich project implementation and ecological construction capabilities:

Conclusion

Bxbit provides a comprehensive solution to the core problems in the current DeFi ecosystem by building a "node-application-chain-token" four-dimensional ecosystem. BXB Chain provides high-performance underlying infrastructure, Bxbit application provides a user-friendly interface, and BXB token ensures the long-term healthy development of the ecosystem through innovative economic models.

The global node co-creation mechanism enables fair distribution of tokens and governance rights, the deflation model ensures value growth, and a clear timeline provides transparent expectations for participants. Bxbit is committed to building the next generation of decentralized financial infrastructure, allowing everyone to equally access global liquidity markets and participate in ecosystem value creation.

"We believe that true decentralized finance should be barrier-free, borderless, and frictionless. Bxbit is building such a future through global node co-creation, technological innovation and economic model design."