The Bytus utility token is backed by Ethereum and is the medium of exchange in the Bytus ecosystem. It provides the much needed unit of account to the Bytus users that they will be able to use to buy goods and services through Bytus’s global network of retailer . The token will represent the user’s channel width i.e. the higher the number of tokens a user has the more transactions they will be able to make in a specified time. For instance, a user who has 10 tokens will be able to make up to 10 transactions in 24 hours . Once a transaction has been made with a token it cannot be used for 24 hours. The frozen token can be brought back to the main account then. The Bytus blockchain works on POS 2.0 and the token is charged at 3% per annum on the account balance in the wallet.
“This is what Global Digital Payment through the Bytus project seeks to achieve by creating a private network ecosystem where users and crypto owners can exchange their tokens for Bytus tokens. The tokens are then stored in the Bytus wallet ready for transactions. ”
“ByTus, a new platform based in New York, has been designed to solve the problems mentioned. ByTus is aimed at enabling users to independently control the security of their funds, simplifying the process of conversion to accelerate buying goods and services, and helping current retail chains easily payment of crypto-currencies who can attract new customers want to pay and receive new markets.”
“Bytus is the creation of a strong team led by its founder, Altug Tatlisu who is an experienced software developer with over 23 years of experience. Together with experienced staff, Tatlisu is propelling his idea of developing a platform that can solve various issues plaguing the digital payments and cryptocurrency industries.”
“The reason behind Bytus’ success has been its innovation in the blockchain technology. Altug Tatlisu, who is the brains behind Bytus’ blockchain as well as the founder of Global Digital Payment and Bytus, has used his years of experience as a blockchain developer and expert to give potential investors to put their trust in Bytus tokens.”
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