For beginners, IBO (Initial Bitcoin Offering) may still be an unfamiliar term, but through this article, you will quickly grasp the basic concepts of IBO and learn how to steadily earn your first pot of gold in the cryptocurrency world.
I. What is the RGB++ Protocol? ($CKB )
First, we need to understand the RGB++ protocol. The RGB++ protocol is a programmable and performance-enhanced protocol specifically designed for Bitcoin. Unlike the traditional RGB protocol, RGB++ does not require cross-chain bridges and can utilize Turing-complete UTXO (Unspent Transaction Output) blockchain to solve client verification challenges. The RGB++ protocol not only ensures the native security of Bitcoin but also achieves bridge-free cross-chain and smart contract functionalities through the RGB++ Layer, becoming an independent and universal UTXO smart contract layer.
II. The Significance of the RGB++ Layer Upgrade
The upgrade of the RGB++ Layer has provided the Bitcoin ecosystem with stronger programmability and scalability while maintaining its original security. One of the biggest highlights of this upgrade is the birth of the IBO platform.
III. What is IBO?
IBO, or Initial Bitcoin Offering, is the first Launchpad platform in the Bitcoin ecosystem. It utilizes the smart contract functionalities of the RGB++ Layer, enabling projects to initiate financing activities on the Bitcoin mainnet and other UTXO chains. Similar to ICO (Initial Coin Offering), IBO is also a method of project financing, but unlike ICO, IBO focuses on the Bitcoin ecosystem, with funds flowing directly on the UTXO chain without the need for cross-chain bridges, significantly improving security and efficiency.
IV. The Operating Mechanism of IBO
Project Launching IBO: Project parties can initiate IBO on the Bitcoin mainnet, Dogechain, BCH, and other UTXO chains. These funds will be automatically locked by smart contracts and create initial liquidity on UTXOSwap while locking LP tokens for one year.
Fund Allocation: IBO sales are just a small part of project token issuance. The vast majority of tokens will be distributed for free to the community through staking to encourage rapid circulation of tokens and alleviate VC unlocking pressure.
Pricing Mechanism: The IBO price is consistent with the seed round price, ensuring that community investors enjoy the same trading conditions as VCs.
Sales Method: IBO sales adopt a binding curve. If sales are not completed within the set time, the IBO fails, and funds will be automatically refunded to participants through smart contracts.
V. How to Earn Your First Pot of Gold through IBO?
Participating in IBO: By participating in a project's IBO, you can obtain project tokens at a lower price. Once the project is successful and recognized in the market, the token price often increases significantly, leading to considerable profits.
Staking $CKB or Seal: Seal and ckb are the leading assets in the RGB++ ecosystem. Staking ckb and Seal can earn you 20 Seal airdropped by the IBO platform, allowing you to gain IBO tokens while enjoying potential appreciation.
Pay attention to market dynamics: Closely monitor the market dynamics of IBO platforms and the UTXO ecosystem to obtain project information in a timely manner, enabling you to buy and sell at the right moment.
IBO, as an emerging financing method in the Bitcoin ecosystem, offers investors the opportunity to participate in high-quality projects and obtain substantial returns. I hope this article helps you quickly get started with IBO and seize new opportunities in the cryptocurrency world!
