Just now, the popular Bitcoin project Fractal mainnet has launched
Don't know how to play? This tweet can serve as a beginner's reference!Author: Biteye Core Contributor Viee
Fractal Bitcoin can improve the transaction speed of the Bitcoin network and reduce fees, which is significant for the entire ecosystem and is likely to become a target for investment. Therefore, early project interactions can be closely monitored and participated in.
Do you find it a bit abstract? Not sure how to play? This tweet can serve as a beginner's reference!
0 1. Project Introduction and Progress
Fractal Bitcoin is a scaling solution for the Bitcoin network, developed by the Unisat team.
For a detailed introduction, you can refer to Biteye's previous article: “The Next Explosion Point in the Bitcoin Ecosystem is Here!”
Yesterday, the Fractal mainnet officially launched, and the first batch of Bootstrap airdrop rewards was distributed, with 500,000 $FB airdropped to UniSat users and another 500,000 $FB airdropped to OKX wallet users. This is mainly used to reward active participants in the Bitcoin ecosystem, including transactions involving runes, inscriptions, etc. It is not difficult to meet the criteria for receiving the basic guarantee, which is still relatively favorable for retail investors.
The total number of tokens airdropped this time is 1 million $FB, which is indeed a drop in the bucket compared to the total issuance of 210 million $FB. More importantly, it is to better cold-start the project, allowing users to have chips to participate in mainnet interactions. Rather than calling it an airdrop, it is more like a subsidy for users to engage in mainnet interactions.
0 2. Token Economics
Before introducing the participation methods, let's take a look at the Fractal Bitcoin token model.
The total supply is 210 million tokens, of which 50% is allocated to PoW, while the rest is distributed to core contributors, ecosystem treasury, community, advisors, and presales. In other words, the main way for ordinary users to participate in Fractal Bitcoin is through PoW.
0 3. Participation Methods
Method 1: Machine Equipment
Fractal has two types of PoW: merge mining and permissionless mining.
Specifically, its consensus mechanism is proof of work—consistent with Bitcoin. Participants can use existing ASICs, GPUs, and other hardware to participate. Merge mining allows participants to engage in both the Bitcoin mainnet and the Fractal network simultaneously.
If using machine equipment, Fairpool, f2pool, and Solo Fractal can all support this method, which has relatively high costs and is not very suitable for most retail investors. This will not be elaborated further; interested individuals can search for tutorials on YouTube. Mining Method 2: Hash Power Leasing
The main feature of hash power leasing is that it provides rentable computing power, allowing users to pay a leasing fee to obtain the required computing resources, reducing hardware investment and operational costs. Leasing hash power is slightly less costly compared to using machine equipment.
The minimum monthly rent for hash power is 3u/T per month, and the cheapest annual rent is 2U + 10%/T per month. Participants can earn 72,000 coins daily, but the risk of leasing hash power is currently not low. After 7 days, when inscriptions go live, the fee income may be significantly higher, and runes will go live after 28 days.
Note that when choosing a leasing company, try to select a large platform. Mining Method 3: Purchasing NFTs
Since most users do not have professional machine equipment and hash power is monopolized by large companies, it is relatively difficult for retail investors to participate. BitTera @BitTera_RWA, invested by Bitmain, has launched hash power NFTs in collaboration with top institutions. Users only need to purchase this NFT to benefit from $FB tokens, making it the most convenient way for retail investors to participate.
As the first PoW project of Fractal, BitTera has relatively low participation risks and potentially higher returns. BitTera has launched four hash power NFT products differentiated by duration: 3 days, 7 days, 14 days, and 30 days, with each NFT containing 10T of hash power.
0 4. Other Related Projects
From DeFi to NFTs to gaming, many projects are currently preparing to launch on Fractal. Early participation in ecosystem projects may provide opportunities for airdrops in the future. However, the bulk of the airdrops will still be in PoW, and everyone can weigh the cost and benefits themselves.
For a review of related projects, you can refer to Biteye's previous article: “The Next Explosion Point in the Bitcoin Ecosystem is Here!”
Risk Warning: The above is for information sharing only and is not investment advice. Readers should comply with the laws and regulations of their respective locations.
