Exploring Byteball - What is it? Why is everyone posting about it? How to get free tokens?
Like most people, I was initially attracted to Byteball because they were giving away free tokens. In case you haven't heard, they are doing an airdrop of free tokens to Steemians. If you have a Steem account with reputation 30 or above, you can get free Byteball tokens just by following these instructions!
So far there seems to be really good synergy between the two projects. Both projects are looking to "bring crypto adoption to the masses" albeit through different means. Byteball is looking to make the use and adoption of blockchain "smart contracts" as easy as using a cell phone app.
I have been impressed with how well they have integrated with the Steem community so far, and happy to see the Steem blockchain becoming more widely used in the cryptocurrency community.
Most people who have received their free tokens via the airdrop have probably done one of two things with them: cash them out via an exchange, or HODL (hold onto them and hope they go up in value).
In this post I want to explore a few other things that you can do with Byteball.
(1) Sports betting. This can be found in the Byteball wallet under the Chat > Bot Store > Sports betting bot menu.
(2) Purchase insurance against flight delays using a built in smart contract system. This can be found in the Byteball wallet under the Chat > Bot Store > Flight delay insurance menu.
(3) Bet on a prediction market whether cryptocurrency tokens will go up or down at BinaryBalls.com. (Here is a brief tutorial video).
(4) Provably fair Luckybytes Lottery. This can be found in the Byteball wallet under the Chat > Bot Store > Luckybytes Lottery menu.
(5) They also have a platform to run ICOs and launch new assets.
(6) You can 'donate' your devices spare computing power to help scientists solve health and sustainability programs. By doing so, you can earn daily rewards for your contribution to the "World Community Grid" computations. This can be found in the Byteball wallet under the Chat > Bot Store > World Community Grid menu.
(7) Play a text-based multi-user dungeon (MUD) game that uses provably fair gambling. This can be found in the Byteball wallet under the Chat > Bot Store > Slice&Dice MUD menu.
As the Byteballs platform continues to grow in popularity, it will likely attract more developers to build even more apps. I look forward to seeing what cool new things they build, as well as new possibilities for our two communities (Byteballs and Steem) to interact.
If you don't have the Byteball wallet yet, you can download it here.
I am trying to get my reputation score to 30.So I can participate in the ongoing airdrop.
You did the right thing, but I hope that you did not claim your Byteball yet.
Get it at least to 40 in order to get double the amount.
Each round reputation ranking entitles you double the previous one.
The problem is that there is a finite final amount of Byteball, similar to Bitcoin, Litecoin and ZCash and not similar to Steem, Ethereum and most other cryptocurrencies, so your time is limited.
This is why I claimed my Byteball share after I reached a full 60 and did not wait until I reached 70, which may never happen and will most likely not happen this year or the year after.
Yes I am working on getting it to rep 40.
You got a 25.51% upvote from @sleeplesswhale courtesy of @ekongwealth!
This comment received upvote from @tipU :) | Voting service guide | For investors | Claiming Byteball Airdrop Guide.
This comment received upvote from @tipU :) | Voting service guide | For investors | Claiming Byteball Airdrop Guide.
This comment received upvote from @tipU :) | Voting service guide | For investors | Claiming Byteball Airdrop Guide.
I would recommend to anyone interested in Byteball to read the whitepaper: https://byteball.org/Byteball.pdf
It's readable even without specialized knowledge and describes precisely what the platform has to offer. Actually you may find out that it's the most brilliantly designed cryptocurrency since the creation of Bitcoin.
just to add my two byteball cents I cashed my out but the other half sits in the wallet for a year. So technically I still have byteball albeit unlocked until 2019 July
Whoa, I didn't know we could do that with the byteball, but the minimum reputation to be able to claim any reward is 30 and mine has been at 26 for a very long time.
All the same, it's good to know. Thank you.
You have to post/comment some more :)
Thank you so so much, I mean I'm very grateful for what you did.
You’re 30 now. :D
Thank you so much mate.
I had no idea there were so many options for ByteBall! Excellent post, Tim. Full of information that I can share with my friends. Unfortunately most of my IRL friends still think crypto is fake. You know that saying, "You can lead a horse to water but you can't make them drink." SMH
Just have to hook them up with a Steem account and get them posting. Hard to argue it is fake when you get real money in your pocket ;)
Thanks Tim. You read my mind. Just the other day I was wondering what exactly does Byteball do, but I have not had a chance to research. Thanks for doing my homework and summarizing its capabilities. Some of it seems interesting.
I owe you a long overdue post from the interview questions you answered for me months ago. I apologize, i have been away for Steemit for some months dealing with personal stuff. However, all is well again and I am back and will honor my commitment to you. Take care.
Ok, sounds good :)
Thanks for useful info. Got my Byteball tokens!...:)...
Well written piece, very few post like these out there.
I've seen quite a few presentations for Byteball's airdrop, yours makes the most service to the Byteball project by presenting the possibilities you have once you start to use it. Excellent review Tim!
I've already claimed mine (unfortunately didn't wait to reach level 50, I'm not so good at leveling up any way, lol).
Hi @timcliff, I already signed up and got free tokens. I hope to hodl byteball bytes and after research sometime, if price will go higher I'll buy some for future. You clearly showing how to get free airdrop from bot service. It can easily understand and hope more newcomers sign up and get their free token.