Whitepaper Chapter

Last Updated: March 10, 2025

Bitcoin-Yay: A Decentralized Ecosystem Coin

Abstract

Bitcoin-Yay (BTCY) is a decentralized cryptocurrency designed as the foundation of a next-generation blockchain ecosystem. Built on the Stellar blockchain, Bitcoin-Yay enables fast, low-cost transactions while incorporating features like AI-driven mining, smart contracts, and decentralized governance. This white paper details the design, implementation, tokenomics, security, and governance of Bitcoin-Yay, aiming to create a sustainable, community-driven financial network.

Relationship with Bitcoin:

Bitcoin-Yay follows Bitcoin’s market performance while being backed by the Indexx Trading Bot to maintain value stability and market efficiency.

1. Introduction

The cryptocurrency industry has evolved significantly, but challenges such as scalability, transaction fees, and sustainability persist. Bitcoin-Yay seeks to address these by leveraging Stellar’s high-performance blockchain and incorporating AI-based mechanisms for mining, governance, and transactions.Bitcoin-Yay serves as the core currency within the ecosystem, powering transactions, governance, rewards, and decentralized finance (DeFi) applications. Unlike traditional proof-of-work (PoW) blockchains, Bitcoin-Yay adopts a Proof-of-Participation (PoP) model, making it more energy-efficient and inclusive. Bitcoin-Yay follows Bitcoin’s performance while being backed by the Indexx Trading Bot to maintain value stability and market efficiency.

2. Core Features of Bitcoin-Yay

2.1 Fast and Scalable Transactions

Built on the Stellar blockchain, enabling 1,000+ transactions per second (TPS).
Low-cost transactions due to Stellar's efficient consensus model.
Supports cross-border payments and remittances.

2.2 AI-Powered Proof-of-Participation (PoP) Mining

6-Hour Mining Sessions: Users participate in mining sessions lasting 6 hours each (replacing any previous 24-hour session concept).
AI-based mining replaces traditional mining mechanisms.
Users earn BTCY through engagement, transactions, and holding tokens.
Mobile/web mining similar to Pi Network—lightweight and energy efficient.

2.3 Earn BTCY Power by Watching Ads

Users can earn BTCY mining power by watching daily ads in the Indexx ecosystem.
Watching up to 25 ads per day grants bonus mining time or boosted power.
Rewards scale with streaks (e.g., 6 hours on Day 1 and increasing bonuses) as defined in the Daily Ads logic.

2.4 Smart Contracts via Soroban

Enables programmable transactions and decentralized applications (dApps).
Supports automated staking, lending, and DeFi protocols.
Low execution costs compared to Ethereum's gas fees.

2.5 Decentralized Governance (DAO)

Token-based voting allows community participation in decision-making.
Holders of BTCY can propose and vote on ecosystem upgrades.
No centralized authority—fully decentralized decision-making.

2.6 Interoperability & Cross-Chain Compatibility

Seamless asset bridging between Bitcoin-Yay, Bitcoin-YeeHaw (stablecoin), WiBS (meme coin), and Bitcoin YAY NFT.
Integrates with major Ethereum, Binance Smart Chain, and Solana networks.

2.7 Security & Sustainability

Stellar's Federated Byzantine Agreement (FBA) ensures high security.
Transactions validated by trusted nodes prevent attacks.
Self-sustaining economic model with long-term sustainability.

3. Product Ecosystem

Indexx Mining App / Bitcoin YAY Mining App

AI-powered mining algorithm with 6-hour mining sessions.
Fraud detection to prevent bot-based mining abuse.
Smart mining subscriptions for premium mining speeds.
Daily Ads Integration for earning BTCY Power.

Indexx Wallet / Bitcoin Yay Wallet

Multi-chain support for BTCY, BTC, ETH, INEX, and more.
AI-powered risk analysis and auto-staking features.
Smart spending assistant for optimal buy/sell timing.

Indexx CEX & DEX

Centralized and decentralized exchanges with AI-powered yield optimization, arbitrage trading, and real-time risk management.

(Other ecosystem components such as Indexx Block Explorer AI, Indexx AI Browser, Indexx Connect, Indexx Brainstorm AI, Indexx Shop, Indexx Pay, Indexx AI Smart Crypto, Indexx Developer Hub, Indexx Lotto, and Indexx DAO/Hive remain as in the original draft.)

4. Technical Architecture

Consensus Mechanism

Federated Byzantine Agreement (FBA) allows fast, secure, and scalable consensus.
Eliminates energy-intensive mining.

Token Issuance & Distribution

Native Stellar asset with a fixed total supply of 21 trillion BTCY (1 BTC = 1,000,000 BTCY).
Distribution:
50% - Mining Rewards (Proof-of-Participation)
25% - Ecosystem Development
10% - Community & DAO Treasury (Airdrop)
10% - Partnerships & Marketing
5% - Team & Advisors

Smart Contracts on Soroban

Automated staking, yield farming, and cross-chain transactions.
Programmable governance models.

Decentralized Identity & Privacy

Zero-Knowledge Proofs (ZKP) ensure transaction privacy.
Non-custodial wallets for user security.

5. Economic Model & Tokenomics

Tokenomics

Start Price: $0.10 (subject to market dynamics).
Supply Model: Controlled emission with deflationary mechanisms.
Mining Rewards: AI-moderated to maintain balance and scarcity.
Session Length: All mining plans operate in 6-hour sessions, but rates below are expressed per hour for clarity.

5.1 Mining & Subscription Plans (Hourly Rates)

Plan	Cost	Speed Boost	Approx. Mining Rate*	Key Benefits
Free Plan ("Snatch Gopher")	$0	1x	~3 BTCY/hour	Every user can join this plan at no cost. To maintain free mining rewards, users may be asked to perform simple engagement activities (e.g., view a few ads daily or remain active in the app). This plan maximizes accessibility — even without any investment, a user can steadily accumulate BTCY through regular app use.
Electric Power	$100 / month	3x	~9 BTCY / hour	Triples the free mining output. Subscribers earn tokens faster and enjoy perks such as priority in transaction processing (their transfers are slightly prioritized if the network is busy).
Turbo Power	$300 / month	6x	~18 BTCY / hour	Provides six times the free-plan output. Turbo users benefit from "super speed" mining and also get priority for withdrawals — if withdrawal queues occur, Turbo plan requests are processed before Free/Electric users.
Nuclear Power	$600 / month	9x	~27 BTCY / hour	Offers the highest standard mining rate with nine times the base output. Nuclear subscribers enjoy VIP support (dedicated customer service, faster issue resolution, and exclusive community perks).

Rates shown are per hour. Over a full 6-hour session, the approximate total mined is 6× the hourly figure (e.g., Free ≈18 BTCY per session, Nuclear ≈162 BTCY per session).

5.2 Ad-Watching Rewards

Earning BTCY Power: Users can earn extra BTCY Power by watching up to 25 advertisements daily.
Daily Streaks: Maintaining daily streaks increases either the bonus time or mining power. An example is provided: 6 hours on Day 1, scaling up to 24 hours on Day 7.
Reward Crediting: Rewards are automatically deposited into user wallets using smart contracts.

Deflationary Model

Token Burns: Token burns are implemented to reduce the overall supply of tokens, thereby increasing their scarcity.
Mining Reward Halving: The mining reward is halved every 6 months, a mechanism designed to control inflation.

6. Withdrawal Rules

To maintain network stability, prevent spam withdrawals, and ensure fair distribution, Bitcoin-Yay (BTCY) implements a structured withdrawal and usage vetting system:

6.1 Minimum Withdrawal Threshold

Users must accumulate at least 10,000 BTCY before they can initiate any withdrawal.
Withdrawals below this threshold are not permitted, ensuring that network fees and security checks remain cost-efficient.

6.2 Usage Thresholds for Ecosystem Activities

Indexx Lotto: A minimum balance of 10,000 BTCY is required to participate in the on-chain lottery.
Alchemy Game: Users must hold at least 100,000 BTCY to access the Alchemy feature, which allows advanced token transformation and reward multipliers.
These thresholds protect against abuse and create meaningful participation requirements.

7. Roadmap

Phase 1 (2025-2026): Deploy AI-powered 6-hour mining, launch dedicated mining application, and integrate ad-watching rewards.
Phase 2 (2026-2027): Cross-chain integrations, develop chat/browser/AI wallet, and implement Indexx Pay for real-world payments.
Phase 3 (2027-2029): Mass adoption, establish full decentralized governance, and achieve $200 billion market valuation.

8. Future Developments & Community Engagement

Continued R&D for AI-based mining algorithms.
Partnerships for merchants accepting BTCY as payment.
Ongoing security audits and enhancements.

9. Conclusion

Bitcoin-Yay (BTCY) represents a new era of blockchain ecosystems with fast transactions, AI-based 6-hour mining sessions, and ad-watching rewards that let users earn BTCY Power through daily engagement. By leveraging Stellar's robust infrastructure, it enables scalable, sustainable, and secure financial interactions. With its deflationary model, cross-chain compatibility, and user-friendly participation incentives, Bitcoin-Yay is positioned to redefine decentralized economies.