🌟BitEVM Exchange Mechanism
Last updated
Last updated
This guide explains the basics of BitEVM Mainnet feature. Users will benefit from the platform's advanced DeFi capabilities, which have been meticulously developed to ensure optimal efficiency and security. BitEVM will run a slightly modified version of the same BitEVM Key you run in the testnet phase. Therefore, the differences between BitEVM Mainnet development and BitEVM TestNet Phase are minor. But a few differences do exist.
BitEVM Redemption Mechanism plays a crucial role in BitEVM's liquidity ecosystem. They allow for the seamless conversion of BTVM tokens into stable USDT.
This mechanism is a crucial aspect of BitEVM's endeavour to maximise the decentralization of its Layer 2. This decentralization effort guarantees a distributed network that is highly secure, transparent, and resistant to attacks or failures.
Redemption Rewards
BitEVM rewards constitute 50% of the newly minted token supply. These tokens are distributed equally among all holders according to a predetermined schedule.
Users are given the opportunity to exchange their $BTVM into USDT at a conversion rate of 145 $BTVM = 1 USDT.
The BitEVM reward redemption mechanism is divided into distinct reward structures:
Monthly Claim: Users can redeem an amount of USDT monthly through the BTVM conversion process, ensuring a steady and manageable flow of funds.
For more detailed information, please refer to the following pages:
| BitEVM Keys | Maximum Redemption (BTVM) | Monthly Claim (USDT) |
|---|---|---|
Advanced Key Node
234
2
Pro Key Node
1.169
8
Elite Key Node
2.828
20
Master Key Node
4.677
32
