Byteball Second Distribution Round Scheduled For February’s Full Moon
Byteball, which BTCManager first covered regarding their first round of distribution, is coming close to distribution round number two. Newcomers, as well as existing holders, will be able to participate in this new round.
The first distribution round occurred on Christmas Day, 2016. The second round is scheduled to occur for the next full moon, which occurs February 11, 2017. Positioning the second round “to go to the moon” is a humorous touch, and appreciated by crypto users.
Like the first distribution round, bytes received will be proportional on how much is linked. The first round saw over 70,000 Bitcoin being tied during the giveaway, and with Byteball having established some presence, there is no reason for that same amount, if not more, to be linked in this second round.
Users will receive 0.1 GB for every GB they hold, as well as 0.0625 GB for every one bitcoin held and bound through the integrated bot within the Byteball wallet.
What makes Byteball unique from other cryptocurrencies is the fact that the infrastructure forgoes the traditional blockchain that has become the de facto standard, and instead adopts a DAG (Directed Acyclic Graph) to mitigate any transaction and scalability issues while maintaining security and speed in sending and receiving transactions.
There is a max supply of 10^15 bytes, with 98 percent allocated to be distributed; this should mean that we should see several more distribution waves until the market supply has been fully distributed, allowing people numerous opportunities to get exposure to Byteball.
ICONOMI in the first round linked their bitcoin holdings and received nearly 10 percent of the first Byteball distribution. In their Medium post, ICONOMI announced their holdings were already approaching $200,000 with that value being passed along to the shareholders. Scalability issues surrounding Bitcoin could make DAG-structured cryptocurrencies a useful hedge in a digital asset portfolio and may be the primary factor that will precipitate further interest and appreciation in the price.
At the time of writing, Byteball is within the top 50 cryptocurrencies by market capitalization and trades just above $80.00. With the price increase since launch, and assuming participation in the second round, ICONOMI holders will also indirectly be holding a significant portion of Byteball.