Details on byCode Sales
1. Fundamental Information on byCode
Total Supply: A maximum of 8,000 byCodes will be available for sale.
Pricing Structure:
Public byCode Sale Phase: Starting price set at $100, payable in $BNB (Binance Smart Chain) or $ETH (Arbitrum Chain). The price will increase by 15% once 1,000 byCodes from each tier are sold.
Open Market Phase: After the byData Mainnet launch, byCodes will enter the secondary trading phase with a minimum floor price, allowing users to buy and sell byCodes at market-driven valuations.
Eligibility: Open to all participants who contribute to byData Network and support the training and deployment of byData AI Agent.
byCode Sale Platform: [Link]
2. byCode Sales Mechanism
The byCode sales system consists of two distinct phases:
Public byCode Sale Phase – The initial sale, where byCodes are sold at fixed tier-based pricing through a First-Come, First-Served (FCFS) model.
Open Market Phase – The secondary phase, where byCodes can be freely traded on the byCode Marketplace after the byData Mainnet launch.
2.1 Public byCode Sale
The Public byCode Sale is designed to provide the community with an early opportunity to participate in AI training by acquiring byCodes. This sale ensures fair access, allowing users to secure their share of byCodes before the AI network expands further.
This sale will be conducted in five sequential tiers, with each tier containing 1,000 byCodes. As soon as all byCodes in a tier are sold, the next tier’s price will increase by 15% automatically. This structured progression rewards early adopters, ensuring that those who commit sooner get the most advantageous entry point.
Key Highlights:
No Purchase Limit: Users can acquire as many byCodes as they choose, ensuring full flexibility in participation.
First-Come, First-Served (FCFS): The sale follows a priority-based model, meaning early buyers secure lower-tier prices before the cost increases.
Mandatory Tier Progression: Once a tier is fully sold, purchases must be made at the next available tier price, encouraging timely participation.
Payment Methods:
Accepted Currencies: Purchases can be made using $BNB (Binance Smart Chain) or $ETH (Arbitrum Chain).
Fixed USD Pricing: Regardless of fluctuations in $BNB or $ETH prices, byCodes will be priced at $100 per unit for Tier 1.
Tiered Pricing Structure:
1
$100.00
2
$115.00
3
$132.25
4
$152.09
5
$174.90
6
$201.14
7
$231.31
8
$266.00
Benefits of Purchasing in the Public Sale
Daily Contributions Return: To incentivize long-term participation and sustainable contributions to byData’s growth, byData will distribute daily rewards in $BNB or $ETH, depending on the payment currency used for the byCode purchase.
Early Participation in $byData Airdrop: ByCode holders who activate their byCodes during this phase will receive an additional allocation of engagement points, which can be converted into $byTrain. Upon Mainnet launch, $byTrain will be fully convertible at a 1:1 ratio to $byData. For a detailed rewards breakdown, refer to: https://bydata-1.gitbook.io/bydata-docs/bycode/about-bycode/benefits-of-holding-bycodes.
Equal Rewards for All Participants: Regardless of when a user joins the AI training phase, all participants earn the same daily reward rates, ensuring fair incentive distribution.
2.2 Open Market Phase
The Open Market Phase will commence after the full launch of the byData Mainnet, upon the integration of the byCode Marketplace. This phase will enable users to trade byCodes freely, allowing for a dynamic pricing model driven by market demand.
2.3 Payment Methods
Accepted Payment Options:
$BNB – Transactions via Binance Smart Chain (BSC).
$ETH – Transactions via Arbitrum chain.
Compatible Wallets:
Users can complete their byCode purchases using any wallet that supports Binance Smart Chain (BSC) and Arbitrum chain, such as MetaMask. To ensure a smooth transaction process, users must have sufficient funds to cover both the purchase price and the necessary gas fees.
3. byCode Transaction Policies
1. Refund Eligibility and Dispute Resolution
Refunds are only applicable for failed transactions resulting from technical errors or network congestion. Once a byCode purchase is successfully completed, it becomes final and non-reversible, as byCode operates as a blockchain-verified digital asset with immutable ownership records.
2. byCode Exchangeability in the Secondary Market
byCode will become tradeable following the byData Mainnet launch, facilitating peer-to-peer transactions through the byCode Marketplace. Users will be able to buy, sell, and delegate their byCode holdings within a decentralized trading ecosystem, ensuring market liquidity and seamless transferability.
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