bXIOT Whitepaper

What is bXIOT

Friends, imagine our usual experience at a bank: if you want to exchange RMB for USD, the bank acts as an “intermediary” to help us complete the conversion. In the blockchain world, different digital assets sometimes also need a “bridge” to circulate between each other, enabling smoother trading and usage. bXIOT (full name: bXIOT) is such a project, playing the role of a “bridge token” connecting two specific digital assets—XIOT and RI.

Simply put, bXIOT is designed to make it easier for XIOT and RI tokens to be converted and flow within the XIOTRI platform. It acts like a special “exchange voucher,” allowing holders of XIOT or RI to participate in the platform’s “liquidity mining” (a way to earn rewards by providing digital assets), or to trade directly within the XIOTRI ecosystem.

Core scenario: bXIOT is mainly used within the XIOTRI platform, helping to establish a smooth trading channel between XIOT and RI, and enhancing the platform’s overall liquidity (i.e., the ease of buying and selling assets).

Project Vision and Value Proposition

bXIOT belongs to the XIOTRI project, whose vision is to blaze a new trail in decentralized finance (DeFi—which you can think of as financial services without banks or other central institutions). They hope to create technology that benefits ordinary people, not just a few wealthy creators, and that can develop sustainably over time. It’s like hoping for fair community rules, rather than ones that favor only a select few.

The XIOTRI team believes that many current DeFi systems are unreliable, often aiming for quick riches and then exiting. Therefore, XIOTRI has designed a unique algorithm that rewards users who actively participate and stake (meaning locking your digital assets on the platform to support network operation and earn returns) XIOT tokens and other assets, while also “discouraging” overly greedy behavior. Their goal is to continuously provide value to token holders by reducing inflation (the decrease in value caused by an oversupply of tokens), thereby maintaining the long-term value of the token.

Core problem to solve: In the DeFi world, liquidity (i.e., the ease of exchanging) between different digital assets is extremely important. XIOTRI believes that if their core asset XIOT is directly exposed at the liquidity frontier, it may face risks. Thus, the emergence of bXIOT is like establishing a “buffer zone” or “bridge” between XIOT and RI, making liquidity routing more robust and building a stronger ecosystem.

Technical Features

The bXIOT token is issued on the Ethereum blockchain. Ethereum is currently one of the most popular and widely used blockchain platforms, supporting smart contracts (which you can think of as automatically executed agreements written on the blockchain), providing the foundation for bXIOT’s operation.

Technical architecture: As a token on Ethereum, bXIOT follows Ethereum’s token standards (usually the ERC-20 standard), meaning it can be stored and transferred in wallets, exchanges, and other places within the Ethereum ecosystem. However, deeper technical architecture details about bXIOT or the XIOTRI project, such as the specific consensus mechanism (the rules by which the blockchain confirms transactions and generates new blocks), are not detailed in public information.

Tokenomics

Tokenomics, simply put, is how the digital tokens issued by this project are designed, distributed, circulated, and used—it determines the token’s value and incentive mechanisms.

• Token symbol: BXIOT
• Issuing chain: Ethereum
• Total supply: The total supply of bXIOT tokens is 250,000.
• Issuance mechanism: All bXIOT tokens are premined, meaning they were all generated at the project’s launch.
• Token allocation:
  • Team: 7,500 (3% of total supply)
  • Platform development and maintenance: 12,500 (5% of total supply)
  • Market makers: 3,300 (10% of total supply)
  • Reserve fund: 72,000 (32% of total supply)
  • Community airdrop: 125,000 (50% of total supply), directly distributed to XIOTRI community supporters and holders.
• Current and future circulation: According to some data platforms, bXIOT’s self-reported circulating supply is 0, and its market valuation is also 0. This may mean the token has not yet been widely circulated or the data has not been updated.
• Token utility: bXIOT tokens are mainly used on the XIOTRI platform, serving as a liquidity provider between XIOT and RI, and as an asset for trading within the XIOTRI ecosystem.

Team, Governance, and Funding

Regarding the core team members of the bXIOT or XIOTRI project, their backgrounds, the specific governance mechanisms of the project (such as who decides the project’s direction, how voting works, etc.), and details about the project’s funding sources and operational status (how long reserves can sustain operations), there is no clear mention in currently available public information. This is not uncommon in blockchain projects, but such information is usually important for understanding a project’s long-term stability and development potential.

Roadmap

According to available information, the bXIOT token was launched on June 9, 2020, as the first official staking asset announced by the XIOTRI platform. Its goal is to bridge the liquidity gap between XIOT and RI and provide a seamless trading experience through bXIOT. Additionally, increased liquidity will enable XIOTRI to expand into future markets and facilitate cross-platform liquidity.

However, regarding the specific historical milestones, events, and detailed future development plans and timelines (i.e., the usual “roadmap”) for bXIOT or the XIOTRI project after 2020, no publicly available and detailed updated information has been found.

Common Risk Reminders

Any blockchain project comes with risks, and bXIOT is no exception. When considering any activity related to digital assets, understanding these risks is crucial:

• Experimental project risk: XIOTRI and XIOT tokens are explicitly stated to be “experimental projects.” This means they may be in early stages, with high uncertainty, and their technology and economic models may not be fully mature or thoroughly validated.
• Smart contract audit risk: When bXIOT was launched in 2020, its contract was declared “unaudited.” Unaudited smart contracts may have vulnerabilities that could be exploited by malicious actors, leading to asset loss.
• Market volatility risk: Like all cryptocurrencies, bXIOT’s price may fluctuate dramatically, with its value potentially rising or falling sharply in a short period. Market sentiment, macroeconomic factors, and regulatory policy changes can all affect its price.
• Liquidity risk: Currently, bXIOT cannot be purchased on mainstream cryptocurrency exchanges and can only be obtained through over-the-counter (OTC) methods, which brings significant risk. Lack of liquidity means you may have difficulty buying or selling tokens at a reasonable price when needed.
• Information transparency risk: The lack of public information about the team, detailed technical architecture, governance, and future roadmap may increase investor uncertainty and make it difficult to fully assess the project’s risks and potential.
• Not investment advice: XIOTRI explicitly states that it does not provide financial advice and its creators are not responsible for financial losses. This emphasizes that users need to conduct their own research and bear the risks themselves.

Verification Checklist

When delving into a blockchain project, here are some key pieces of information you can verify yourself:

• Block explorer contract address: The Ethereum contract address for the bXIOT token is
  0x5c4ac68aAc56eBe098D621Cd8CE9F43270Aaa355
  . You can check this address on an Ethereum block explorer (such as Etherscan) to view the number of token holders, transaction history, and other information.
• GitHub activity: Check whether the project has a public GitHub repository and observe its code update frequency and community contributions. Currently, no active GitHub repository information for bXIOT or XIOTRI has been found.
• Official website and community: Look for the project’s official website, social media (such as Twitter, Telegram, Discord), and forums to learn about the latest developments and community activity.

Project Summary

The bXIOT project is a key component of the XIOTRI ecosystem, designed to serve as a “bridge” connecting the XIOT and RI tokens, enhancing liquidity and trading experience within the platform. XIOTRI’s vision is to build a fairer, longer-lasting DeFi platform, incentivizing participants and curbing greed through a unique algorithm. The bXIOT token is issued on Ethereum, with a total supply of 250,000 and a clear initial allocation plan, half of which is distributed to the community via airdrop.

However, it should be noted that bXIOT and the XIOTRI project were described as experimental at launch in 2020, and the smart contract was unaudited. Additionally, public information about the project team, detailed technical architecture, governance model, and future roadmap is relatively limited. Currently, bXIOT also faces challenges in liquidity on mainstream exchanges.

In summary, bXIOT is a token with a specific use case, and the underlying XIOTRI project has proposed some interesting DeFi concepts. But given its experimental nature, information transparency, and current market circulation status, anyone interested is strongly advised to conduct thorough independent research (DYOR) and fully understand the potential risks involved. This is not investment advice.