Bitbibe Technology
3 min readNov 16, 2018

Bitbibe Technology Coin (BIBE) released!

Good morning Bitbibe community, we are pleased to announe that Bitbibe Technology Coin (BIBE) has been officially released.

BIBE is a Masternode Coin that will be used as the primary currency in the transactions on Bitbibe Decentralized Wallet Exchange and support the discount system of fee (trading fee, listing fee,…). BIBE will apply Anti-dumping — a method to ensure price stability for holder and investor:

1. Anti-dumping Technique:

  • 100% revenue from ICO will be used for buyback and burn program with the price equal to ICO price.
  • 100% revenue from Exchange will be used for buyback and burn program with the price higher than ICO price.
  • Buyback price is always equal or higher than the ICO price (price will be based on BTC value).
  • Buyback coins will be transferred to address B0000000000000000000000000 for burning.
  • Buyback process will be occurred on Bitbibe Exchange by “buy order” and “publishing txid”.

2. Positive boons to holder/trader:

  • Transaction fee on Bitbibe Wallet Exchange will be discounted based on the available amount of BIBE coin in wallet.
  • Discount on coin listing fee on Bibibe Decentralized Wallet/Exchange.
  • Staking reward.
  • Masternode reward.
  • Receiving airdrop from Bitbibe partners based on the available amount of BIBE coin in wallet.

3. Tech specs:

Algo : Quark
Block Time : 60 Seconds
Difficulty Retargeting : Every Block
Max Coin Supply (PoS Phase) : 600.000.000
Premined : 250.000.000 (200.000.000 for sales and bonus, 40.000.000 for bounty/airdrop campaign, 10.000.000 for developer fund).

  • Anonymized transactions using zerocoin technology
  • 100% Proof of Stake 3.0 Consensus protocol, allowing very low transaction fees and energy expenditure, and staking rewards to all participants in the network
  • Masternode technology used to secure the network and provide the above features, each Masternode is secured with collateral of 10K BIBE
  • Decentralized blockchain voting utilizing Masternode technology to form a DAO. The blockchain will distribute monthly treasury funds based on successful proposals submitted by the community and voted on by the DAO.

4. Distribution:

Method : Airdrop, Bounty & ICO.
Price : 1 BTC = 100,000 BIBE ( 1 BIBE = 0.00001 BTC).
Presale:

  • Time : 0:00 22 Nov 2018 Singapore Time.
  • Amount : only 10 BTC available (1,000,000 BIBE).
  • Bonus: 25% (25,000 BIBE/1 BTC).
  • Note: Bonus coins will be distributed after one month from the day ICO is ended (it takes time because 100% revenue from ICO will be used for buyback and burn program with the price equal to ICO price).
  • Coins sale: will be processed directly on Bitbibe Wallet Exchange by command set

ICO :

  • Time : TBA.
  • Amount: 1500 BTC (150,000,000 BIBE).
  • Bonus: 20% (for first 50 BTC), 10% (for next 100 BTC), 5% (for next 100 BTC).
  • Note: Bonus coins will be distributed after one month from the day ICO is ended (it takes time because 100% revenue from ICO will be used for buyback and burn program with the price equal to ICO price).
  • coins sale: will be processed directly on Bitbibe Wallet Exchange by command set.

5. Resource :

For airdrop participants, you now can withdraw your BIBE amount from Bitbibe Exchange to Bitbibe Decentralized Wallet or Windows/MAC/linux wallet.

A bounty campaign will be released today or next day, don’t forget to join our channels and update the lastest news of Bitbibe Technology. We’re glad to welcome all of you and receive your feedback in future.

Best regards, Bitbibe Technology team.

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Website : https://bitbibe.io

Twitter : https://twitter.com/bitbibe

Discord : https://discord.gg/nAXNcsS

Facebook : https://www.facebook.com/bitbibe.technology

Telegram : https://t.me/bitbibe