THE FIRST PROOF OF BURN (PoB) MECHANISM BUILT ON BITCOIN.
By introducing a novel Proof of Burn mechanism tied to the burning of Bitcoin, this project not only pioneers a unique approach to token issuance but also fosters ecosystem growth by encouraging new utilities and economic models within the broader cryptocurrency landscape.
DeFi INTEGRATION.
Governance and DAO.
Token Sink Mechanisms.
Check out our upcoming launch of the Satoshi Ordinal NFTs
OUR MISSION
Introducing novel mechanisms and use cases for blockchain technology, such as a PoB-based token, contributes to the overall growth and dynamism of the cryptocurrency ecosystem. This innovation can indirectly benefit Bitcoin by enhancing the technology and market structures around it, attracting more interest and investment into the space.
ROADMAP
PHASE 1
RELEASE OF THE OFFICIAL WEBSITE
SOCIAL MEDIA MARKETING
SATOSHI ORDINALS NFT LAUNCH!
PHASE 2
RELEASE OFFICIAL WHITEPAPER
LAUNCH OF THE SATOSHI $BURN TOKEN ON BRC-20
LIST ON CMC AND CG
SUPPORT SATOSHI’S LEGACY - BURN INSTRUCTIONS
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1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa
This address is displayed clearly for your convenience.
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How to Send Your BTC Contribution:
Step 1: Open your Bitcoin wallet application.
Step 2: Select the option to 'Send Bitcoin'.
Step 3: Copy and paste SATOSHI’S BTC wallet address into the recipient's address field.
Step 4: Enter the amount of BTC you wish to send.
Step 5: Review and confirm the transaction to complete your donation.
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Effortless Bitcoin Donations:
Scan the QR code below with your smartphone or tablet to send a donation directly from your BTC wallet app
- LIVE -
SATOSHI BURN WALLET TRACKER
LIVE WALLET DASHBOARD COMMING SOON!
BITCOIN CIRCULATION
WHY $BURN
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What is Proof of Burn (PoB)?
Proof of Burn is a consensus mechanism that involves "burning" cryptocurrency by sending it to an address from which it cannot be retrieved. In the context of our project, it specifically refers to the burning of Bitcoin to mint new tokens. This process is designed to ensure a fair and energy-efficient way of creating new tokens while also tying our token's issuance directly to the Bitcoin ecosystem.
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How does burning Bitcoin create new tokens?
When Bitcoin is sent to a specific unspendable address, it is considered burned. Our system verifiably recognizes this action and mints new tokens as a reward. This mechanism ensures that the creation of new tokens is always backed by a provable sacrifice of value, linking our token's economy closely with that of Bitcoin.
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Is burning Bitcoin safe and secure?
Yes, the process of burning Bitcoin is secure, as it utilizes the inherent security features of the Bitcoin blockchain. However, users should proceed with caution and understand that once Bitcoin is sent to the burn address, it cannot be retrieved, making the action irreversible.