Introducing BTC MOBICK
Features of BTC MOBICK
The main features of BTC MOBICK
Business Blockchain
BTC MOBICK is an enterprise-friendly blockchain project which focuses on new era that the blockchain technology will transform. Companies using BTC MOBICK can integrate blockchain technology which is compatible with Bitcoin's extensive trust network. Businesses can flexibly adopt the strengths of both public and private blockchains as needed to enhance their operations. BTC MOBICK ledger is not counterfeitable therefore you can ensure reliability, scalability and security through various methods, such as building side chains on the mainnet. Additionally, by securing a significant portion of BTC MOBICK, companies can establish governance within the ecosystem and unlock infinite potential such as expand partnerships, and collaborate on technological developments.
Securing Public BTC MOBICK
The BTC MOBICK project secures public coins that can be used for the overall development of the ecosystem. This concept stems from the philosophy of O Taemin, the issuer and designer of BTC MOBICK. He believes that for any group to grow, it needs some sort of public resources. While these resources are essential for ecosystem to expand, some individuals often seek to free-ride which is one of challenges to acquire public resources peacefully. To overcome this challenge, O Taemin came up with an idea of ‘public coins’. These public BTC MOBICK coins are solely used for project operation and expansion of the ecosystem. The public coins drive the growth of the BTC MOBICK project and are distributed in publicly accessible wallets and managed and supervised by a seven committee members.
Bottom-Up Ecosystem Structure
BTC MOBICK features a unique bottom-up structure, where the ecosystem is built by the public and companies join later, unlike top-down structure that projects are created primarily by enterprises. O Taemin, the issuer of BTC MOBICK, shared his insights from years of blockchain technology and Bitcoin research with a broad audience. This attracted individuals highly interested in cryptocurrency and he distributed BTC MOBICK at no charge. Participants in the free airdrop missions formed communities to exchange ideas for expanding ecosystem. Many talented people actively contribute to the development. Companies then joined the project after publics already has established ecosystem which results in a distinctive bottom-up structure.
What Are the Differences Between BTC MOBICK and Bitcoin?
O Taemin, the designer and issuer of BTC MOBICK, neither owns nor sells BTC MOBICK. Unlike Satoshi Nakamoto and other founders of coin projects who held large quantities of coins, O Taemin uses BTC MOBICK solely to build reliable network of a corporate blockchain and to expand the ecosystem. During the initial ecosystem establishment, BTC MOBICK was distributed for free to individuals who completed specific missions, without any investment or monetization process which results in a blockchain mainnet free from securities disputes.
O Taemin, the first-generation Bitcoiner in South Korea studied Bitcoin extensively and sought ways to address the uncertainty of lost coins which is major weaknesses. Approximately 6 million Bitcoins, or about 38% of the total supply, have had no transactions since the early days of Bitcoin. It is unclear whether they forgot the private keys or simply just leave it there. This uncertainty of lost coins is considered to be a significant barrier to enter the traditional financial markets. If these lost Bitcoins were to suddenly re-enter the market, it could expose the market to substantial risk. Moreover, if a rival country possessed these lost Bitcoins, they could potentially use them as a financial weapon against adversaries.
To mitigate these uncertainties and risks associated with Bitcoin’s lost coins, O Taemin introduced transparent ledger to the BTC MOBICK project. After completing the corporate transfer and whale project phases, all untransacted and public BTC MOBICK coins will be burned to match the total supply of 21 million coins. Consequently, upon the project's completion, the majority of BTC MOBICK coins will be held by the general public, companies, institutions, and active Bitcoin whales therefore it becomes a clear ledger without lost coins.
* What is the BTC MOBICK Whale Project?
The BTC MOBICK Whale Project was initiated by O Taemin, the issuer of BTC MOBICK, with the idea of using BTC MOBICK to locate hidden Bitcoin whales. Since BTC MOBICK was created by hard forking Bitcoin’s 10-year ledger, any ledger holding Bitcoin before January 3, 2019, when BTC MOBICK was issued, can claim the same number of BTC MOBICK. However, unlike other hard-forked coins, the BTC MOBICK Whale Project has a specific claim period otherwise you will not be able to receive BTC MOBICK. If BTC MOBICK achieves an attractive price, some wallets classified as lost coins may make a transaction. This could reduce the risk of lost coins in the Bitcoin ecosystem. The eligibility and method for whales to claim BTC MOBICK will be decided by the BTC MOBICK community and announced after the decision is made.
The public coins of BTC MOBICK significantly contribute to the expansion of its ecosystem. Unlike projects without public coins, BTC MOBICK utilizes these resources to expand its ecosystem quickly and efficiently. Companies can apply blockchain technology by receiving a substantial portion of BTC MOBICK and participate in BTC MOBICK governance which helps establishing the ecosystem. As companies use BTC MOBICK, its value naturally increases which allows them to achieve business sophistication and asset growth simultaneously. Public resource coins are managed and operated transparently therefore investors can monitor them in real-time which will reduce uncertainties like dumping.
Major Entity
O Taemin, the issuer of BTC MOBICK, is a first-generation Bitcoiner in South Korea. On January 3, 2019, he hard-forked Bitcoin's 10-year ledger to create BTC MOBICK (initially known as GNC coin). BTC MOBICK coins are distributed by Otaverse, a company founded by O Taemin. He does not own or sell any BTC MOBICK for personal gain; instead, he manages these public coins solely for the project. These public coins are overseen by a seven committee members within the BTC MOBICK ecosystem and are stored in 14 addresses, which are publicly accessible in real-time on the BTC MOBICK mainnet page.
BTC MOBICK is a proof-of-work (POW) coin like Bitcoin which requires miners operating nodes to maintain a stable network. Initially, miners were recruited by O Taemin, but currently, no more recruiting. BTC MOBICK mining takes place in Seoul and Pyeongtaek in Korea and internationally in the USA, Australia, and Canada. Otaverse plans to donate 20,000 mining rights to universities and 100 nodes to companies in green energy industry. The BTC MOBICK project anticipates mining approximately 1.6 million coins over the next decade. Depending on the progress and how fast the ecosystem expands, the code will be transitioned from private to public at some point.
From September 2022 to July 2023, Otaverse distributed around 4 million BTC MOBICK coins for free to public who completed specific missions by airdrop. These airdrops were founded on an experience kit of the book called ‘the future of Metaverse and money and also conducted at various locations, including restaurants (Meokbo Hanwoo, Gudaehwa Coffee, Salady, Yeouido Sapiens Coffee, Chodang Tofu), Mountain Gwanak, Mt.Gyeryong, Jeju Island (Mt.Hallasan), and in the USA (LA), and Australia (Sydney, Montville). Approximately 4,500 people received airdropped coins.
The airdrop recipients formed a community and began calling themselves "Mobickers." They created a peer-to-peer (P2P) market for trading BTC MOBICK, which led to BTC MOBICK achieving a meaningful price without being listed on any exchange (known as the "miracle of $1"). Some Mobickers even founded a company and became memebrs of Mobickers Co., Ltd., which offers education services related to BTC MOBICK, paper wallet sales, and plans to provide more services. Additionally, local Mobick centers were formed for better networking between mobickers. There is even a mobile application to support P2P trading. As we can see, the ecosystem rapidly expands.
O Taemin, the issuer of BTC MOBICK, is transferring approximately 7 million BTC MOBICK coins from the public resource pool of 14.7 million to enhance the ecosystem’s value. The distribution includes 1.2 million coins to media companies, 5 million coins to global IT companies, mining rights for 100 nodes to energy companies, and up to 10,000 coins and 20,000 mining rights to major universities.
Companies receiving BTC MOBICK can utilize these resources for advertising, system development, assuring miner value, and research on cryptocurrencies and the coin ecosystem. In other words, companies can integrate blockchain technology into their business. Using this external resources helps generate profits while simultaneously expanding the BTC MOBICK ecosystem and enhancing the value of their BTC MOBICK assets. Furthermore, since BTC MOBICK is interoperable with Bitcoin, the world’s largest blockchain trust network, businesses built on the BTC MOBICK mainnet can be seamlessly transferred to Bitcoin.
To date, companies integrated into the BTC MOBICK ecosystem are a media company, JTBC, which signed a contract with the BTC MOBICK project on December 14, 2023, to jointly promote the project, and Hanyang University, which signed an MOU with Otaverse Inc. on March 22, 2024, to establish the Bitcoin Philosophy Research Center and initiate a Bitcoin Philosophy program in the Graduate AMP. The distribution of BTC MOBICK is ongoing, and after completing all transfer to companies, the project will move to the next phase.
