Whitepaper 2.
BitcoinBe er (BTCBT)
BitcoinBetter
2024
2
Bitcoin is undoubtedly the best digital asset in the world and the asset with the highest value on the market.
Ini ally conceived by Satoshi Nakamoto as a peer-to-peer digital payment and cash system, as indicated in his
White Paper, the truth is that due to problems mainly of scalability, slow transac on speed and high
commissions when there is conges on in its network, it began to play a role of a store of value. There are
numerous a empts to combine technological improvements and innova ons in order to solve these problems
and achieve improved systems. However, the problem of the Bitcoin Trilogy, that delicate balance between
Security, Decentraliza on and Speed, remains unresolved.
Some projects have opted to create blockchains in Proof of Stake, achieving greater speed to solve this problem,
but always to the detriment of decentraliza on, in addi on to trying to compete with bitcoin in terms of value in
the market. However, bitcoin remains the undisputed king, surpassing the second most important
cryptocurrency, Ethereum's Ether, by 3 mes, even though Ether changed its system from Proof of Work to
Proof of Stake in the Merge and achieved a li le more scalability.
However, bitcoin con nues to have a speed of about 7 TPS (Transfer x Second) and high commissions every me
the network becomes congested due to massive use, whether in a bullish or bearish market, and it can take up
to more than 1 hour to confirm a transac on.
It is also true that cryptocurrencies and blockchain technology are s ll barely dominated by a maximum of 6.8%
of the world's popula on (almost 4% BTC holders), which leaves much to be desired for a system that should
and seeks to be massive and global.
To provide a solu on, we have decided to create a digital asset that does not intend to be compe on or
successor to bitcoin but rather to maintain a symbio c rela onship with it. That is, a codependent rela onship
where both assets posi vely affect each other. This is how the idea of BitcoinBe er (BTCBT) was born, a
cryptoac ve that is in itself a Wrapped BTC token, that is, a wrapper token. However, there are already several
wrapper tokens on the market, with rela ve success, the largest of them undoubtedly the Wrapped Bitcoin or
WBTC, a wrapper token of the Ethereum network, which represents barely 1% of the BTC market capitaliza on,
having as its main disadvantage the centraliza on through the pla orm that does the work of wrapping, issuing
and burning the token.
This centraliza on has some mes cost the loss of billions of dollars (+ 140,000 million dollars) through hacks or
failures of these centralized pla orms. Like other solu ons such as Bridges, which have also gone through the
same problems over and over again.
Determined to solve these problems, at BitcoinBe er we have created a Wrapped that remains decentralized
and without intermediaries through DLC (Discreet Log Contract) technology, which is nothing more than the
anchoring to the original Bitcoin network through Oracles without consciousness (Which a est to a value
without knowing who benefits or what said tes mony will be used for) that serve as an a esta on layer for
valida ons in the network. In this innova ve way, the Wrapped is achieved while remaining in the security and
decentraliza on of the original Bitcoin blockchain, and in the security of Web3 Self-Custody, without
intermediaries and with the assets always in the custody of their own owners. This solves all the problems we
have been men oning about centralized custody. We have chosen Telegram's The Open Network (TON)
Blockchain for its high scalability and speed of up to +100,000 TPS, being a rela vely fairly decentralized
network and with a view to massive scalability, with very small commissions as well. Also because it is designed
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to be 100% compa ble with the Telegram social and mass messaging network, it will facilitate its massive use
without the need for knowledge in terms of installa on and management of wallets, web3 and
cryptocurrencies in general. If you know how to chat and use a bot on WhatsApp or Telegram, you already know
how to use cryptos in TON and BitcoinBe er. With a base of +900 million users and growing, this makes it
massive enough to be a success.
Thus, BitcoinBe er creates all the elements based on these technologies to achieve a complete ecosystem of
decentralized applica ons. First, a digital mining system through the BitcoinBe erMiner asset (BTCMN) , which
is basically in charge of s mula ng the use of the system through a BTCMN digital mining reward system.
BTCMN will be anchored to the BitcoinBe er Price (BTCBT), which in turn, being a BTC wrapper token and being
100% backed by it, will cost 1:1 the value of BTC. It is an eco-friendly way to mine BTC through BTCMN. There
are currently staking systems with valida on rewards, but these are subject to profitability well below BTC
mining since they depend exclusively on income from commissions or fees to give the rewards, usually being
below 15% per year (APY). BTC mining gives rewards equivalent to 10% of the total cost of ASIC digital mining
equipment on a monthly basis. This same type of rewards are achieved by digitally mining BTCMN without the
costs of expensive ASIC mining equipment and the costs related to electricity, infrastructure, opera on, etc.
Thus being the perfect s mulus to pump the use and adop on of BitcoinBe er (BTCBT).
But beyond this there is also the Over-collateralized Stablecoin in BTC, USDBT, or USD Be er, whose issuance is
carried out by backing BTCMN (BTC) in a 70:100 ra o, that is, an issuance of 70 USDBT for every 100 USD in
BTCMN of backing. In a system very similar to MakerDao's DAI Stablecoin. This stablecoin as part of the
Ecosystem will allow its use for massive global commerce, as a payment system, as well as the crea on of an
en re DeFi market (Lending, Farming, Compound, etc.) based on this new stablecoin with a solid backing in
gold 2.0 (bitcoin) and not in weak FIAT currencies (dollar, euro, pesos, yen, yuan, etc.). It will also allow its use in
a deriva ves market based on cryptos and blockchain. Users will be able to earn part of the fees of this
stablecoin by being part of the USDBT liquidity pool with their BTCMN. BTC currently has a 0.1% share in the
deriva ves and DeFi markets, with the Technology and tools used through BitcoinBe er we will be able to
significantly increase this market share of BTC (about 1.3 Trillion Dollars to date) in these WEB3 markets.
In Conclusion, Imagine having your bitcoin in your wallet (Web3 Self-Custody) and having them mine with a
10% monthly reward, without the need for ASIC machines or infrastructure or addi onal costs for electricity
consump on. Having your BTC available on Telegram and other apps, at a speed of +100,000 TPS and with
commissions dozens of mes cheaper than on other networks. And as easy to use as it is easy to chat with a bot
on Telegram and ask it to make the transac on you want to make without needing to know how to install or
configure a wallet. Imagine having a stablecoin trading 1:1 with the American dollar but backed not by FIAT but
by the powerful and solid bitcoin, gold 2.0. Imagine making payments, transfers, DeFi and Futures and other
deriva ves with it. All while your BTC remains in the security of your own wallet and in the most secure and
decentralized Blockchain in the world, that of bitcoin,
BitcoinBetter
(BTCBT)
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There is a $1.3 Trillion capital market in Bitcoin and growing, just holding BTC in majority case. It is equivalent to
almost half of all the money in the Crypto world. However, this liquidity does not have and cannot have access to
the DeFi market, Deriva ves and WEB3 systems, being mostly used for value reserve and as a specula ve asset.
So there is great poten al in technologies that provide prac cal, secure, decentralized and profitable solu ons
to unlock and ac vate BTC liquidity in these markets. The market is simply huge and highly in demand for this
type of solu ons. Solu ons such as Wrapped Bitcoin (WBTC) on the Ethereum network, despite being third-
party custodian, and a therefore centralized and less secure system, have managed to capture almost 1% of the
Bitcoin capital market (about +/- $10,000 million) and move a volume of between $100 and $400 million every
24 hours. WBTC only offers a centralized, third-party custodian token wrapping solu on for trading bitcoin on
the Ethereum network. Meanwhile, BitcoinBe er (BTCBT) offers a fully decentralized, non-custodial, web3-
style wrapping system via the Bitcoin mainnet, coupled with a mining rewards system via BitcoinBe erMiner
(BTCMN) that makes it extremely a rac ve. BitcoinBe er also offers a larger usability ecosystem through its
USDBT Stablecoin, which will also allow it to deal with the high vola lity present in bitcoin, and in turn this will
allow its commercial use as a means of mass payment and peer-to-peer cash, which was the original vision of
Satoshi Nakamoto, the founder of bitcoin. Doing all this through Telegram's TON Blockchain allows massive
access to the more than 900 million and growing global users that Telegram has, elimina ng the adop on
barrier by allowing any of these users without having any knowledge of cryptos or wallet management to
access, use, buy, sell, mine, transfer, etc. bitcoin or USDBT through a simple Telegram chat. Users will also have
the op ons to do so through WEB3 Wallets such as Metamask, App on Android and App on iOS system on Apple,
through desktop PC, Notebook, Tablets and/or Smart Phones, etc.
BitcoinBe er (BTCBT) solves several interes ng problems through solu ons with a real and large demand.
BitcoinBe er is developed on The Open Network (TON) Blockchain linked to Telegram.
Being a super scalable and mass-use Blockchain Network, since it was designed and is aimed at the Telegram
mass-use network. Telegram, through its simple and easy-to-use wallet, will allow the mass adop on of the
BitcoinBe er protocol, without any type of conges on or satura on. In prac ce, it is simply the most scalable
Blockchain on the market. All elements of the Ecosystem run on the TON blockchain and are therefore perfectly
scalable up to several billion users inclusive.
As we know, Bitcoin only runs at about 7 TPS (Transfers per second) at most and is far from being
ideal for effec vely scalable mass adop on, hence BTC does not establish itself as a means of payment or
currency of common use globally despite being a much stronger and more prac cal currency than any FIAT
currency. However, mul ple confirma ons at this rate become extremely slow especially when massive usage
caused by either bull or bear markets is involved. This has made it difficult to adopt as a mainstream currency
and means of payment as traders are not willing to wait to see if confirma ons will be slow or fast and are
subject to the vola lity of the asset. The usual massive trading ac vity requires systems to have equal or higher
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transfer speed than a Visa or Mastercard system, for example. With BitcoinBe er, you will have speeds of more
than 100,000 proven TPS, being an ideal solu on to the speed problem of the bitcoin network. There are other
quite fast solu ons but they greatly compromise the issue of Decentraliza on and security, as well as making
self-custody very difficult, making bitcoin unable to be used directly in DeFi ecosystems. With BitcoinBe er,
being a wrapper token, decentralized and self-custody, and depending for its operability on the TON network,
but whose valida on system for smart contracts and transac ons is carried out directly through DLC (Discreet
Log Contract) on the main bitcoin network. This will allow you to operate your BTC at speeds of up to +100,000
TPS achieving the maximum possible efficiency and also enabling its use in WEB3 and DeFi.
The decentraliza on of the Bitcoin network through its network of ASIC miners is vital to the issue
of security in the Bitcoin network. This is what brings the most value to BTC. Therefore, it is a central issue.
Solu ons such as Lightning Network and other layer 2 (L2) solu ons offer to solve scalability and speed
problems, but at the very high cost of some mes even completely losing decentraliza on. In such a way that
security, lack of intermediaries, an -censorship are lost. In other words, everything that really makes Bitcoin
valuable and unique is lost. More than 140 billion dollars have already been lost in the different pla orms and
solu ons such as Bridge, centralized Wrapped and centralized APP. As occurred in cases such as MtGox for
example. In BitcoinBe er, to maintain this decentraliza on, the DLC (Discreet Log Contract) will be used as an
anchor for security and real decentraliza on of the system to the main Bitcoin network. Unlike other systems
that use oracles as a layer of a esta on of parameters and verifica on of results, in DLCs the oracle is not aware
of what it is a es ng to or whether or not this favors someone in par cular. At no me are the Oracles aware of
the link between their tes monies and favorable or unfavorable results and for whom, thus achieving maximum
security without commitments of any kind. As their name indicates, DLCs are 100% DISCRETE Smart Contracts.
The problem that bitcoin has had for its massive and global adop on, taking into account that in
13 years it has barely been adopted by 4% of the world's popula on, according to sources such as binance, lies
mainly in its problems of scalability, speed of transfers and the vola lity of its price, but also due to how complex
the installa on and management of wallets can some mes be for the average user. We have already seen how
the improvements offered by BitcoinBe er through Telegram's TON network significantly improve scalability
and speed in TPS. Also, being 100% integrated with Telegram will allow us, through this APP and massive social
network of + 900 million users and growing, an ease of use, only comparable to cha ng with a virtual bot
through Telegram, for all its func ons (Purchases, Sales, Transfers, Deposit, payment with QR, Etc.). In other
words, if you know how to use Telegram or in general any modern messaging system, such as WhatsApp, you
already know how to use cryptos in TON and therefore in BitcoinBe er. On the other hand, the problem
regarding the vola lity of the BTC price depends largely on the size of its Capital Market, as this increases over
me the currency gradually stabilizes its price. Although this vola lity is very desirable for Trading and
specula on, it is not at all desirable when trading or exchanging goods and services on a daily basis. We have
covered this element in BitcoinBe er through the crea on of a stablecoin in the Ecosystem called USDBe er
(USDBT). This stablecoin takes advantage of the anchor that the crypto assets BitcoinBe er (BTCBT) and
BitcoinBe erMiner (BTCMN) have, to the price and value of BTC, being 100% collateralized by the la er. Thus,
they act as a backup reserve through a 150:100 over-collateraliza on system, very similar to that of DAI, the
MakerDAO stablecoin, with the only difference that the system will lack a DAO and everything will be managed
100% by immutable code in the bitcoin blockchain through DLC and smart contracts, which will set interest rates
and parity with the Dollar 1:1. Yes, it will be a stablecoin backed by gold 2.0, that is, 150% bitcoins, in a
decentralized and insured system on the bitcoin network but with the scalability, speed and ease of use of the
TON blockchain. In all these ways we will ensure that all items in terms of adop on are covered and full adop on
is achieved. The Ecosystem will have apps compa ble with Android, iOS and Web. So it will be accessible
through Telegram, SmartPhones, Tablets, Notebooks and PC, as well as Apple VISION PRO and similar.
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There are many crypto systems that seek to solve the
problems described above, but without a doubt the success or failure of a blockchain project and its tokens will
always be ed to the usability and desirability (demand) of this. In the case of BitcoinBe er it is the same and
therefore we have developed a winning strategy in this case. This is where the Third token of the BitcoinBe er
Ecosystem appears as the protagonist, this is, BitcoinBe erMiner (BTCMN). As its name indicates, its func on is
by blocking tokens in its own self-custody wallet (WEB3), to achieve the mining of new BTCMN coins for the
reward of its miners. This mining will be digital and virtual, not requiring expensive ASIC or similar equipment
for mining. The reward will ini ally be 10% per month, similar to that of BTC mining equipment, only without
the high acquisi on, installa on and opera on costs of these. This desirable reward, comparable only to that of
BTC mining, will s mulate the use of the BTCMN currency, which can ONLY be acquired in a 1:1 rela onship with
BitcoinBe er (BTCBT). Remember that BTCBT is a non-custodial Wrapped BTC, so it is 100% issued by a 100%
backup with BTC. In this way, the following price rela onship between these tokens and currencies is
established.
1 BTC = 1 BTCBT = 1 BTCMN
In other words, your BTCMN rewards can be exchanged for BTCBT, crea ng a buying pressure for BTCBTC and in
turn for BTC. As if this were not enough, since this demand in bear market condi ons or crypto winters of BTC
could decline, the BTCMN token will also be used as a backing in the overcollateraliza on of the USDBT
stablecoin and its commission earnings will be shared 50/50 with BTCMN holders. By serving as an
overcollateraliza on backing, BTCMN will have addi onal usability.
The USDBT as a stablecoin, whose reference value will be the American dollar, will allow more stable
transac ons in terms of price, thus giving the confidence and stability necessary for massive online commerce,
especially through Telegram and other APPs, allowing the en re emergence of an ecosystem and payment
systems from this stablecoin.
BitcoinBe er is in no way intended to be a successor or rival compe tor to BTC. The idea is to create a mutual
symbio c rela onship. In other words, what benefits BitcoinBe er (BTCBT) and its ecosystem benefits BTC and
its ecosystem. Likewise, what harms BTC will harm BTCBT. For example, BTCMN is not intended to end BTC ASIC
mining, since BitcoinBe er is at its core, and therefore BTC miners s ll play a fundamental role, as they are also
the validators and verifiers of the Bitcoin mainnet, and since through DLC the en re ecosystem is validated on
the same Bitcoin mainnet, verifica on of Bitcoin miners remains essen al. So BitcoinBe er does not intend to
displace or supplant BTC miners but to complement them and not force an inconvenient, imposed and forced
change to Proof-of-Stake but a voluntary change, li le by li le and at convenience without ever having to make
Bitcoin's Proof-of-Work disappear, since, if it disappears, Bitcoin and its decentraliza on disappear and
therefore BitcoinBe er and its elements would disappear. In this way, a mutual and healthy codependency will
be achieved for both systems. In fact, the growing demand for BTCMN will create demand for BTCBT and
therefore for BTC. So all the demand push generated by BitcoinBe er will immediately be transferred to BTC
favoring the rise of its price.
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The BitcoinBe er system is based on the TON Blockchain and this also makes it very ecological and
sustainable for the environment, since the main system is managed in Proof-of-Stake (PoS) with minimal energy
consump on. Although the main smart contracts are linked to the Bitcoin Proof-of-Work (PoW) network
through DLC technology, they will require minimal energy from this network. BTCMN mining is carried out in a
system similar to PoS, but whose rewards do not ini ally fall on the network valida on fees but on the issuance
of new BTCMN tokens to par cipants through the blocking or staking of assets. This will allow for a much higher
profitability than more tradi onal PoS systems and will s mulate their demand and use, in an ecological and
sustainable way, with energy consump on savings of up to 99%.
Instead of using a custodian or pooling capital in a specific loca on, discrete log contracts (DLCs) allow the user
to maintain control over assets while using them within applica ons.
DLCs, originally proposed by MIT’s Thaddeus Dryja, who also co-created the Lightning Network, are 2-of-3
mul -signature constructs. A user can enter into a contract with an applica on as their counterparty, while a
third party (referred to as a “Bitcoin oracle”) arbitrates the outcome. Smart contracts within the applica on can
lock and unlock BTC by interac ng with the Bitcoin oracle layer.
To illustrate a standard lending use case, a user can deposit collateral for a loan by locking their Bitcoin in a DLC
with a lending applica on on another blockchain. The user agrees to a contract within their Bitcoin wallet that
specifies a set of condi onal outcomes. If the loan is repaid in full, the DLC escrow will be unlocked and the
collateral returned to the user (minus any applicable fees). If the loan is not repaid or a covenant is breached,
the app’s smart contract would trigger a liquida on process where the user’s collateral would be transferred to
the app. In this way, transparent smart contracts govern the movement of Bitcoin based on predetermined
criteria that are agreed upon from the start. Using a DLC as escrow completely eliminates counterparty risk,
allowing the user to use their Bitcoin directly from their wallet. Although lending is a common use case, Bitcoin
oracles can be widely used to move Bitcoin using any type of smart contract logic. This allows a wide range of
applica ons (Wrapped) to use na ve Bitcoin covering any type of payment use case: gaming, sharing, trading,
NFT purchases, and more. Using a programmable escrow facilitates a wide range of revolu onary types of non-
custodial DApps that were previously impossible.
In the world of tradi onal finance, escrow contracts power the global deriva ves market worth over $1
quadrillion. BitcoinBe er DLC is helping to build a global, decentralized financial system by enabling smart
contract applica ons on every blockchain (TON for example) to use na ve Bitcoin.
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Telegram is a Massive Messaging Applica on and Social Network with more than 900 million ac ve users per
month, and it has become the online commerce pla orm par excellence by even incorpora ng a crypto wallet
in its pla orm and the incorpora on of the TON Blockchain (The Open Network) and its TON token for all types
of commercial transac ons, as well as compa bility with an innumerable number of crypto assets such as
Bitcoin, Tether, etc.
Apart from the poten al of the 900 million ac ve users on Telegram, the ease of use of its wallet is legendary,
being rated as the easiest to install and use in the world, not requiring any prior knowledge for its installa on
and use, since it works like the typical messaging bot to which through a simple chat or conversa on we can
indicate what we want to do, be it payments, transfers, withdrawals or deposits of crypto assets. In other words,
the +900 million users of the Telegram applica on already have their wallet and know how to use it well. This
facilitates the adop on and use of digital assets on the TON Blockchain. This is why BitcoinBe er has chosen this
TON Blockchain to achieve a rapid and massive adop on and use of both BTC and the assets of our pla orm,
BitcoinBe er (BTCBT) and BitcoinBe erMiner (BTCMN), as well as the BTC-collateralized stablecoin, USDBT.
Added to these prac cal advantages for the end user of BitcoinBe er, are the technological advantages of the
TON Blockchain, with Transac ons per second (TPS) with the highest current speed, about 100,000 TPS, and the
possibility of Sharding, all this giving it an ideal scalability for the massive use that the Pla orm poten ally has.
It is also, along with Bitcoin and Polkadot, one of the most decentralized and secure Blockchains in the world,
since its ini al launch was through Proof of Work (PoW) mining and this allowed a more decentralized network
in its beginnings and a more decentralized distribu on of its validators. Along with this, let us remember that
TON was ini ally created and launched by the Durov brothers, the founders of Telegram, and that it was later
converted into a completely open system, without par cular owners but belonging to the en re community of
The Open Network (TON).
All this combined with the innova on of the Smart Contract DLC and its anchoring to bitcoin in self-custody,
guarantees the adop on, scalability, speed, security and total decentraliza on of the BitcoinBe er Pla orm,
with truly massive poten al.
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APP USDBT
Token
Stablecoin
APP BitcoinBetter APP BTCMN
in Telegram Token
Miner BTC
Blockchain TON
DLC
witness layer
+ OTHERS Oracles
Blockchain Bitcoin
10
BitcoinBetterMiner
TVL REWARD
OVERCOLLATERAL
STABLECOIN
DAPP Telegram / WEB3 / App Android / iOS TOTAL VALUE LOCK
TVL
1) BTC to BTCBT (Wallet BTC from Anchor to Peg) USDBT Reward 10% 8% 6% 5% 2% 1%
2) Swap BTCBT / BTCMN BiLLIONS 10 30 70 100 +200 +300
3) Staking/Mining 30 days BTCMN (Mining and Whitdraw)
STAKING/MINING
BLOCKCHAIN TON
10%
SWAP BTCMN
BTCBT BTCMN BTCMN
POOL
BLOCKCHAIN BTC
SMART CONTRACT
DLC
SMART CONTRACT DLC BITCOIN / BTCBT
SMART CONTRACT WRAPPED BTC / BTCBT BTC
SMART CONTRACT BTCMN
SMART CONTRACT SWAP BTCBT / BTCMN
SMART CONTRACT LIQUITY POOL
SMART CONTRACT STAKING 30 DAYS
SMART CONTRACT REWARD VARIABLE 10%-1%
11
17.41%
RESERVES
27.78%
48.57% STAKING
1.00 % 5.24%
REWARDS
33.33%
33.33 %
8.33%
10 %
3.33%
SECURITY / AUDIT
8.33%
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Total Collection
Marketing
Development
Team
Auditory and Security
Company
Liquity
Chart Title
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Name BitcoinBetter
Symbol BTCBT
Max. Toytal Supply 21.000.000
Decimals 8
Blockchain The Open Network (TON/Telegram)
Standard Jetton
Liquity Pool Inicial 100 BTC (50.000 USD/BTC)
Mint Fee Rates 0.5 %
Burn Fee Rates 0.5 %
Name BitcoinBetterMiner
Symbol BTCMN
Max. Toytal Supply 21.000.000
Decimals 8
Blockchain The Open Network (TON/Telegram)
Standard Jetton
Liquity Pool Inicial 100 BTC (50.000 USD/BTC)
Buy Fee Rates 0.5 %
Sell Fee Rates 0.5 %
Staking / Mining Fee Rates 1%
Name UniversalSystemDigitalBetter
Symbol USDBT
Max. Toytal Supply Variable
Decimals 3
Blockchain The Open Network (TON/Telegram)
Standard Jetton
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Ing. Alberto Carrizo
CEO BitcoinBetter
Thangapandi Durai Thangapandi Kiruthiga S
CEO Osiz Technologies Pvt LTD President Osiz Technologies Pvt LTD
Dr. Nelson Ospedales Ing. Gregory Jimenez
Digital Economist Digital Mining Las Palmas
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AirDrop BitcoinBetter
AirDrop BitcoinBetter
Launch Presale Launch Presale
Marketing
Development BitcoinBetter
Development BitcoinBetter
Launch Beta Start Phase Test
Tests
Auditory Smart Contracts
Launch Dapp Bitcoinbetter
Launch Dapp BitcoinBetter
- Telegram
- WEB3
- Android / iOS
Listing in Exchanges
Listings in Exchange and Dexchange
Listing in Dexchange Campaign of Marketing / Publicity
Convents with others Platforms
Campaing in Social Networks and Media
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