1. What is Sats (BitTorrent)?
- Sats is a project designed to integrate Bitcoin (BTC) into the BitTorrent (BTT) ecosystem by distributing Bitcoin in the form of satoshis (sats) to BTT holders. It aims to foster community engagement and create value within the BitTorrent community.
2. How can I earn Sats tokens?
- You can earn Sats tokens by staking Wrapped BitTorrent (WBTT) on the Staqe.app platform. Rewards are distributed daily based on the amount of WBTT staked. Additionally, you can earn Sats tokens by minting and staking NFTs.
3. What is the total supply of Sats tokens?
- The total supply of Sats tokens is 2,100,000,000,000,000 tokens. This supply is capped, meaning no additional tokens will be minted in the future.
4. How many NFTs can be minted, and what is the cost?
- A total of 235 NFTs can be minted. Minting an NFT costs 100,000,000 BTT tokens. NFTs can be staked to earn additional Sats tokens.
5. What are the rewards for staking WBTT and NFTs?
- Rewards are distributed daily. The amount of Sats tokens you earn depends on the proportion of WBTT or NFTs you stake relative to the total amount staked in each pool. Higher stakes earn a larger share of the rewards.
6. Will there be a marketplace for Sats tokens?
- Sats tokens are primarily designed for peer-to-peer (P2P) transactions within the BitTorrent ecosystem. There are no current plans to create a marketplace, emphasizing community interaction and engagement over trading.
7. Are there any fees or lock periods for staking WBTT?
- There are no fees for staking or unstaking WBTT, and there is no lock period. You can withdraw your staked WBTT at any time without any penalties.
8. How will Sats tokens be distributed on decentralized exchanges (DEXs)?
- If Sats tokens are listed on a DEX in the future, they will not be paired directly. Instead, users will earn Sats tokens as rewards through other trading pairs.
9. What are the future plans for the Sats project?
- The project aims to expand to multiple blockchain networks beyond the BitTorrent chain, including Binance Chain, Tron Chain, and Ethereum Chain. This expansion aims to further integrate Sats tokens into the broader cryptocurrency landscape.
10. How can I stay updated on Sats project developments? – Updates and announcements about the Sats project, including airdrops and new features, will be communicated through official social media channels. Make sure to follow the project on platforms like Twitter, Telegram, or Discord for the latest news.