$CBI Official BEP-20 Contract is 0x1060Ac0554fac1bD674A9927f7e7Ac3E234cD1D0

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Technical

Architecture

Cyptobit Network offers any applications and blockchains instantaneous but reliable and valid on/off-chain market data and social data sources by leveraging the power of blockchain.

Cyptobit Data Analytics is a combination of analytic tools designed for data warehouses. It provides a query engine and RESTful API for third-party applications and external analytics tools.
Cyptobit Data Oracle is an advanced decentralized data feeding protocol powered by blockahin offering multiple, real-time data sources with complementarity to and synergy with off-chain workers.
Cyptobit Data Marketplace is an open platform for data exchange and pricing. Cross blockchain dApps for efficiently and both off-chain and on-chain data only paying a very competitive fee.
Cyptobit Token $CBI is the native token of Cyptobit Network which will play the role of governance and other utilities. $CBI is necessary to secure and power the decentralized data network.

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DataNetwork

Cyptobit Network is an advanced decentralized data feeding protocol powered by blockchain offering multiple, real-time data sources with the complementarity and synergy to off-chain workers.

Data Consumer

Data consumers may represent smart contracts, APIs, blockchains, protocols, applications or any data repository.

Data Warehouse

Data Warehouse in Cyptobit Protocol is a decentralised on-chain repository of integrated data from one or more disparate data sources such as Network Nodes and the Arbitration Nodes.

Network Node (Miner)

Nework Node handles all the data requests such as social data and market data from separate off-chain data sources, and signing the transactions of the Cyptobit parachain.

Arbitration Node (Arbitrator)

Arbitration Node guarantees the security and accuracy of external data by verifying the data integrity and the validity that network Node provided.

Blockchain Node (Validator)

The bottom layer of Cyptobit Network is mainly built on a specialized blockchain network established by Bitindi Chain.

Token

Economics

The Cyptobit Network Mainnet token $CBI is necessary to secure and power the decentralized data network. The use-cases and utility of $CBI include but not limited to:

Stake to be a Miner
or Arbitrator

All miners are required to stake $CBI with a higher stake equating in a high probability of being selected to fulfill data requests.

Intermediary of
Exchange

$CBI tokens will be used to pay as a transaction, query fee, and also for data access behind paywall (private APIs).

On-chain
Governance

$CBI Token holders are able to vote for the protocol upgrades and parameter changes on Cyptobit Network.

Application

Scenarios

Decentralized Insurance Automatic Payment

Through the Cyptobit Network to obtain timely and reliable events outside the insured chain, blockchain-based decentralized insurance can realize automatic payment of insurance such as flight delay insurance.

Stable Coins and Crypto Derivatives

Stablecoins and encrypted derivatives need to frequently obtain off-chain real-time price data. Cyptobit Network can obtain reliable data in multiple scenarios in real time and efficiently.

Crypto Asset Lending Platform

Cyptobit Network can provide real-time and reliable currency prices and borrower’s social media information, providing strong support for the dynamic determination of loan interest rates.

Cross-chain Decentralized Exchange

The lightweight Cyptobit Network interface that can be deployed on multiple chains provides the possibility for decentralized exchanges to realize cross-chain atomic transactions.

Decentralized Casinos and Games

On-chain decentralized casinos and games often require safe and reliable random injection. Cyptobit Network random number engine provides unpredictable and verifiable random number generation.

Blockchain Computing Market

Commercial computing such as machine learning training models and 3D rendering needs to complete a variety of complex computing tasks. The off-chain computing market provides verifiable and unlimited off-chain computing capabilities.

Ecosystem
Roadmap
2022 Q4
Proof of Concept Core Protocol Prototype Establishment
Draft and Improvement of the Whitepaper
Development & Marketing Launch
Official Whitepaper Publish
Smart Contract Security Audit
$CBI Fairlaunch
2023 Q1
Private Testnet Release Internally
Announce Bug Bounty Program
Chat dApp Mainnet
Network Explorer Mainnet
Network Dashboard Mainnet
2023 Q2
Mainnet Data Marketplace
Implementing Bridges to Multiple Blockchains
2023 Q3
Mainnet Version 2.0 Online
Integrating Testnet DApps and Partners to Mainnet
2023 Q4
Data Marketplace Version 2.0 Live
Mainnet Version 3.0 Online
2024 Q1
New Roadmap Announcement