What is Bull BTC Club? All You Need to Know About BBC

Introduction

Over the years, with the surge in Bitcoin’s value and the periodic halving events that reduce the miner’s reward, the process of mining has evolved from an accessible hobby for Bitcoin enthusiasts into an industrial-level operation.

Recognizing the potential of Non-Fungible Tokens (NFTs) beyond just digital art or collectibles, Bull BTC Club has creatively merged the worlds of NFTs and Bitcoin mining, by tying hashrate, representing the computational power needed to mine Bitcoin.

Bull BTC Club created a system where ownership of an NFT corresponds to mining power. Along with this innovative NFT-based mining model, Bull BTC Club enhances its offerings with a unique suite of DeFi services. This article explores the Bull BTC Club ecosystem, with a deep dive into how it works, and its unique features.

What are Hashrate NFTs?

Source: Cudos

To better understand the Bull BTC Club and its unique value proposition, we must understand what Hashrate NFTs are.

Hashrate refers to the speed at which a computer or a network can perform cryptographic hash calculations. It measures computational power, indicating how many hashes a machine or a network can compute and process per second.

Hashrate NFTs refer to digital tokens that represent a certain amount of mining power or a stake in a mining operation. Such a token could be traded, sold, or used as proof of ownership of a particular amount of hash, power. This could allow users to invest in mining operations or trade computational power more fluidly, using the blockchain’s capabilities for provenance and ownership.

What is Bull BTC Club?

Bull BTC Club (BBC) is a platform that combines NFT protocol with DeFi services. They aim to simplify hash power transactions by bringing computing power onto the blockchain using NFTs. Users of Bull BTC Club can mint hash power NFTs and set up Proof-of-Work (PoW) Virtual Reality (VR) mines in the metaverse. By pledging each NFT on the Bull BTC Club’s official site, users can earn actual BTC mining returns. It’s worth noting that the variety of NFTs represents different Bitcoin computing capacities.

Bull BTC Club envisions crafting a novel investment approach, ensuring steady capital growth via Hashrate NFT and boosting profits by integrating financial derivatives. It addresses the present challenges of liquidity and transactions in the NFT market, BBC introduces an innovative approach using a special fragmentation and oracle protocol. This approach breaks down NFTs into respective tokens based on the BBC-1155 protocol. Using a price prediction mechanism, it offers liquidity solutions for these tokens, effectively tackling the NFT liquidity issue. This not only enhances the trading depth of NFT tokens but also provides Layer 2 solutions for the broader development of the NFT marketplace.

Integrating decentralized finance, Bull BTC Club operates a Bitcoin lending pool, where users only need to provide a part of the pledged assets, and through its decentralized protocol, they can borrow Bitcoin or lend cryptocurrencies to earn profits. In addition, bitcoin mined by users can also be put into the Bitcoin lending pool to earn more income.

A Brief History of Bull BTC Club

Established in late 2021 by Harry Mark at the twilight of the bull market. Bull BTC Club has offices in Oman and Hong Kong. Its team boasts experts from leading technology projects, data management, and marketing operations. Their pioneering work in expanding NFT applications and innovating hashrate has earned them recognition from several investment institutions and investors.

How Does Bull BTC Club Work?

Bull BTC Club operates as a platform that provides Bitcoin hash rate services, with its novel hash rate NFTs; users can mine Bitcoin by owning NFTs. Its value-added financial services include the BTC Hashrate mystery box, BTC machine gun pool, and BTC lending pool, among others.

In collaboration with major global Bitcoin mining pools, mining equipment producers, mining facilities, and energy providers, Bull BTC Club offers a range of Bitcoin-related products and services within its ecosystem. They are:

• BBC’s NFT Distribution Protocol
• NFT Fragmentation Protocol
• Aggregated DeFi Protocol
• NFT Oracle

BBC’s NFT Distribution Protocol

Source: Bull BTC Club

BBC’s NFT Distribution Protocol seeks to offer advanced product solutions for most NFT projects. Unlike the usual NFT distribution methods, BBC’s NFT distribution approach is more varied and fits a broader range of uses.

NFT Fragmentation Protocol

Source: Bull BTC Club

Bull BTC Club NFT fragmentation protocol is divided into BBC-1155 and BBC-20 token standards. This feature permits breaking down NFTs comparable to Ethereum’s ERC-1155, or ERC-20 token standards. Using the BBC-1155 protocol an ERC-721 NFT can be converted into an ERC-1155 NFT or an ERC-20 token. This process gives the NFT greater flexibility, value, and promising potential.

NFT Oracle

The BBC NFT Oracle Protocol is an NFT fragmentation solution and price oracle mechanism proposed by BBC Labs. This protocol allows centralized NFT data to be integrated on-chain through the corresponding API interface.

It compiles this data, offering a visual network chart for BBC’s Layer-2 NFT protocol. Delving deeper, it breaks down into three main components: the NFT confirmation rights issuance protocol, the NFT API DataPort, and the NFT fragmentation protocol.

Aggregated DeFi Protocol

With the Aggregated DeFi Protocol launched by Bull BTC Club, multi-chain digital assets can be staked such as BBC, BBC Gravity NFT, etc., and obtain rewards through the services that they offer. The BBC mystery box combines unique NFT attributes with real Bitcoin mining power, data metrics for BTC computing strength, and smart contract certification.

BBC NFT Metaverse

The platform aims to develop a metaverse for all BBC users, offering a virtual realm for Web3 enthusiasts. BBC is committed to refining its technical framework, advancing product technology, broadening use cases, and aiming to establish a unique metaverse for its entire community.

Leveraging BBC’s NFT layer-2 protocol, BBC will launch a metaverse and public chain in the future that aims to address Web3 identity authentication issues and streamline top-layer development for user projects. Additionally, the BBC token serves as a badge of membership within the community. By owning their NFTs, you gain access to the community and can partake in exclusive events hosted by the Bull BTC Club.

BBC AIGC (Artificial Intelligence Generated Content)

Source: Bullbtc.club

BBC gives users the option to generate custom NFT images using DALL-E 2’s AI technology, creating personalized NFTs that reflect individual tastes and preferences, Thus, improving user experience and giving them a truly unique digital asset.

With its AIGC platform (still in demo), users can make their NFT collection truly one-of-a-kind with BBC’s AI-powered custom NFT image creation.

Unique Features

Access to Bitcoin Mining

Bull BTC Club packages the traditionally singular hashrate from mining machines into purchasable NFT units. This allows individuals to buy hashrate based on their needs, and the unique nature of these tokens facilitates hashrate trading. Unlike traditional methods where one had to buy entire mining machines, this novel approach eliminates worries about storage and maintenance, making the mining process more user-friendly.

User Monitoring

Bull BTC Club runs a comprehensive monitoring system. Users can access a visual dashboard to view details such as the mine distribution map, hashrate statistics, block burst data, and hashrate expiration dates. Additionally, the platform provides insights into real-time electricity consumption costs and through a dedicated NFT hashrate data query portal, users can also monitor their hashrate earnings in real time.

AI Genesis NFTs

Source: ABC Protocol

AI Genesis NFT is the genesis NFT for BBC Protocol’s AIGC initiative, deployed on BSC/ETH, with a limited quantity of 10,000 pieces.

BBC aims to create dynamic, and interactive digital assets by integrating AI algorithms into NFTs.

ABC Protocol

Source: Bull BTC Club

ABC Protocol is an important part of the BBC AIGC (Artificial Intelligence Generated Content) ecosystem. ABC (AI Blockchain Candy) solves the problem of low traffic to new Web3 projects by democratizing NFT creation and increasing user participation.

Source: ABC Protocol Whitepaper

Utilizing the BBC protocol, users can create premium NFTs, crafted from AIGC, entirely free, provided they possess a certain number of BBC tokens. Those holding the specified amounts of both BBC and ABC tokens get the benefit of minting one AIGC NFT on the ABC platform daily, free of charge, bearing only the cost of gas fees during the minting process, making the acquisition of AIGC NFTs effectively cost-neutral.

Thus, BBC token holders can assume the role of a content creator, an avenue for users to earn ABC tokens as rewards when producing AIGC NFTs, leading to heightened user involvement and a surge in traffic.

Partnerships

Source: CoinMarketCap

Bull BTC Club has garnered the backing of over 200 renowned institutions and communities. Among the supporters is your choice exchange, Gate.io, along with others such as BitField, BCU, Bill Gates Foundation, LSC, Flying Tiger, FTFT, Certik, Binance NFT, etc.

Partnership with Gate.io

Source: Gate.io

BBC first appeared on Gate’s Token launch platform on February 5, 2023, and Listed on Gate.io on February 11, 2023, ending its first day as a top 5 daily gainer.

Also, BBC community lead had an interactive AMA with Gate Live on February 15, 2023.

Source: Gate.io

What is BBC Token?

Source: Gate.io

The BBC token is a governance token and a ticket to join the club. With the token, users will be able to stake, purchase, and farm on the website.

Tokenomics

Total Circulation: 2100000000 BBC

Initial Startup Supply: 1,851,852 BBC

1. NFT Staking (30%):
   Allocation: 630,000,000 BBC tokens
   Purpose: Reserved for users who stake their NFTs. This incentivizes users to actively participate in the Club and rewards them for their engagement.

2. Ecosystem (50%):
   Allocation: 1,050,000,000 BBC tokens
   Purpose: These tokens are set aside for the growth of the BBC platform. They might be used for various purposes such as partnerships, collaborations, community rewards, and further development of the platform’s ecosystem.

3. Team (10%):
   Allocation: 210,000,000 BBC tokens
   Purpose: Distributed among the project’s team members as compensation and incentive for their dedication and efforts towards the project’s growth.

4. Vault (10%):
   Allocation: 210,000,000 BBC tokens
   Purpose: These tokens act as a reserve for the project. They could be used for future strategic initiatives, unexpected contingencies, or to support the token’s value.

Is Bull BTC Club a Good Investment?

Based on data from Verified Market Research (VMR), the global NFT market was estimated at US $11.3 billion in 2021 and is projected to soar to US $231 billion by 2030. In the BTC mining industry, around 40 companies globally, inclusive of international mining stocks, hold over 1.31 million bitcoins. This represents over 6% of the total cap of 21 million bitcoins, equating to a value exceeding $73 billion.

Bull BTC Club merges NFT with BTC cloud computing, tapping into a combined market worth more than $80 billion based on the above data. The club hopes to address liquidity challenges in the NFT industry and offers cutting-edge digital solutions for the crypto domain. This value props BBC as a good project with the potential for huge profits.

However, like any investment, investing in the project carries risks, including the volatility of the cryptocurrency market and potential regulatory changes. Investors should always do their own research and assess their risk tolerance before investing in any cryptocurrency. It’s important to remember that investing in BBC or any other crypto project, does not guarantee a profit and could result in a loss of capital.

How to Own BBC?

You can buy BBC from centralized and decentralized cryptocurrency exchanges. For example, Gate.io offers traders different trading pairs: BBC/USDT. To own the token, create a Gate.io account, and complete the registration process. Also, you need to fund your spot trading account and go through the steps to buy BBC.

Highlights

REI Network

Source: Bull BTC Club

On September 22, 2023, Bull BTC Club announced via an X post its partnership with REI Network, a project aiming to develop a lightweight, EVM-compatible, higher performance, and no-fee blockchain framework.

PAYCOIN Capital

PayCoin Capital is a Web3 marketing and fundraising service. It announced its partnership with Bull BTC Club via X on the 4th of September, 2023.

Take Action on BBC

Check out BBC price today and start trading your favorite currency pairs:

• BBC/USDT