Understanding BZZ/USDT: A Comprehensive Guide

Are you intrigued by the BZZ/USDT trading pair on LBank? Do you want to delve deeper into what it entails and how you can participate? Look no further, as this article will provide you with a detailed, multi-dimensional introduction to BZZ/USDT.

What is BZZ (SWARM)?

BZZ, also known as Swarm, is an official Ethereum project that focuses on storage and communication. Developed by the Ethereum Foundation, Swarm aims to create a decentralized, fault-tolerant, and censorship-resistant point-to-point storage and service solution. It is designed to provide decentralized and redundant storage for DApp code, user data, blockchain, and state data, while also offering a foundation for untraceable communication. Swarm’s built-in incentive system is implemented through smart contracts on the Ethereum blockchain.

Compared to Filecoin, Swarm differs in its technical details and incentive mechanisms. While Filecoin does not penalize storage, Swarm does, which helps improve file availability and security. This is because the lack of storage penalties in Filecoin can lead to an overflow of garbage content.

Swarm Token Model: BZZ

The BZZ token is a functional token for Swarm and is also used for bandwidth and storage rewards. The initial issuance of BZZ was 62.5 million tokens, but this may not be the final total supply. The token distribution is as follows:

Participating in BZZ

Are you interested in participating in BZZ? Be patient, as you will need to wait for its public sale, which doesn’t happen often. Let’s take a look at a previous public sale to understand the process.

BZZ Public Sale

The BZZ public sale was conducted on CoinList, with the sale period from June 15, 2021, at 1:00 AM (Beijing Time) to June 15, 2021, at 12:59 PM (Beijing Time). The registration deadline for participation was June 11, 2021, at 8:00 PM (Beijing Time).

The BZZ token was priced at $1.92 during the public sale, and participants could purchase it using USDT, USDC, ETH, or BTC. The minimum purchase amount was $100, and the maximum was $500. If the 5.17 million BZZ tokens were not sold out by 12:59 PM on June 15, a second round of sales would be held, with the same token price and minimum purchase amount, but the maximum purchase limit would be increased to $10,000.

It is important to note that residents of the United States, China, Canada, and other regions that do not comply with CoinList’s rules are not eligible to purchase the tokens. While waiting for the public sale, you can prepare for the transaction by ensuring your configuration and understanding the basics of BZZ.

Hardware Configuration for BZZ Mining

Participation in the BZZ airdrop requires a certain level of hardware configuration and bandwidth network level to qualify. The hardware configuration for Swarm mining must meet the requirements of the Srawm test project, and the higher the configuration, the better. Bee nodes can be deployed on Linux or Windows systems, such as a high-performance Windows 10 64-bit computer or Linux. A 100 GB hard drive is recommended.

Conclusion

BZZ/USDT is an intriguing trading pair that offers a unique opportunity for investors. By understanding the background of Swarm, the token model, and the process of participating in BZZ, you can make informed decisions about your investments. Remember to do your research and stay patient while waiting for the next public sale.