Project Overview
Bytom (BTM) is a multidimensional interaction protocol for heterogeneous bit assets. It enables diverse digital assets—ranging from native cryptocurrencies to digitized traditional assets like bonds, dividends, and predictive data—to be registered, exchanged, and managed via smart contracts. By bridging the atomic (physical) and bit (digital) worlds, Bytom facilitates seamless asset interoperability.
Project Evaluation
1. Market Analysis (Weight: 30%)
Score: 2.5/3
Market Potential
Bytom targets asset registration and circulation, addressing:
- Non-replicability of atomic assets via blockchain.
- Compliance in asset mapping between atomic/bit worlds.
- Efficiency in cross-world asset liquidity.
- Acts as a "digital asset amplifier" for AI/IoT ecosystems.
- Score: 8/10
Market Pain Points
- Lack of protocols for multidimensional bit asset exchanges.
- Siloed blockchain assets unable to interact with real-world counterparts.
- Score: 8/10
Business Model
- BTM Token Utility: Transaction fees, dividends, collateral for asset issuance.
- Challenges: Early conceptual stage; commercialization pending.
- Score: 7/10
Use Cases
- Revenue rights management (e.g., crowdfunded projects).
- Equity management for non-listed companies.
- Securitized assets (e.g., ABS) with enhanced traceability.
- Score: 8/10
Tokenomics
- Token: BTM (21B max supply, 33% mined via PoW).
- Distribution: 30% private sale, 20% foundation, 10% biz dev.
- Score: 7/10
2. Activity Level (Weight: 10%)
Score: 0.7/1
- Twitter: 11K followers; low engagement.
- Telegram: 3K members; minimal activity.
- WeChat: High-frequency updates (5/week; 2K–16K reads).
- Strategy: Focused on niche Bitcoin communities (e.g., Babite) over mass marketing.
- Score: 7/10
3. Risk Assessment (Weight: 10%)
Score: 0.66/1
Development Challenges
- Three-layer architecture: Application, contract, and ledger (PoW-based).
- Smart contracts: Genesis contracts for asset audits; general contracts for trading/dividends.
- Score: 8/10
Competition
- Rivals: Ethereum, Qtum, Neo (focused on digital asset certification vs. BTM’s circulation).
- Upside: Price growth potential; Downside: Unclear asset-onboarding adoption.
- Score: 6/10
Compliance Risks
- Decentralized asset registration faces regulatory hurdles.
- Score: 5/10
4. Key Technologies (Weight: 15%)
Score: 1.1/1.5
Innovations
- AI-friendly PoW: Repurposes mining hardware for AI acceleration.
- Multi-asset ledger: Cross-chain interoperability.
- Score: 7/10
Codebase
- GitHub: 18 contributors; 1,197 commits.
- Score: 8/10
5. Execution (Weight: 15%)
Score: 1.05/1.5
- Milestones: Mainnet launch (MIT-published algorithm), Bitmain Antminer B3 sale.
- Partnerships: The Blockchainer, Babite, Donghu Big Data Exchange.
- Score: 7/10
6. Team (Weight: 20%)
Score: 1.8/2
- CEO Chang Jia: Sci-fi author, Bitcoin pioneer, founder of Babite.
- Operational team: Combines Babite’s legacy team with new hires.
- Score: 9/10
Final Evaluation
Total: 7.635/10 | Grade: A-
- Strengths: Visionary team, niche market focus, technical innovation.
- Risks: Regulatory ambiguity, commercialization timeline.
- Potential: Significant upside if asset-onboarding succeeds.
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FAQs
Q: How does BTM differ from Ethereum?
A: BTM specializes in asset circulation (vs. Ethereum’s general smart contracts), focusing on atomic/bit world bridging.
Q: What’s BTM’s primary use case?
A: Securitized asset management (e.g., ABS) and equity tracking for non-listed firms.
Q: Is BTM’s AI-friendly mining profitable?
A: Yes, miners can repurpose hardware for AI post-BTM mining, reducing operational costs.