Bitcoin Air

November 10, 2018

What is Bitcoin Air?

Bitcoin Air is a bilateral dual-chain blockchain developed to deliver a means of indirect carbon emission reductions through decentralized, trust-less merchant/consumer interactions. Bitcoin Air plans to reduce carbon emissions through the development of a dual chain volatile/stable coin pair dedicated to creating the most versatile and scalable solution for merchant and consumer use. Merchants will be able to transact in cryptocurrency without the worry of profit loss due to fraud or technical issues within their conventional credit card processing equipment. Consumers will be able to transact in a multitude of ways including in person, over the web, or via AirCash Physical Currency!

How does an airdrop/fork work?

An airdrop is a fairly simple process where the development team handles most of the difficult tasks and makes it as easy as “sweeping” your private key when the wallet is released. The process begins by you sending out all of your balance in the private key you held through the snapshot, to a safe and separate wallet address. You will then continue to take the empty private key address, and import it into the Bitcoin Air Wallet. This will conduct a sweep for the correct balance ratio at the time of the snapshot, and it will add it to your balance immediately!

What coins will you be forking?

Bitcoin Air is a bilateral merge fork between Bitcoin ($BTC) and Peercoin ($PPC). We are currently discussing if we would like to include Bitcoin Cash into the Airdrop as well!

What are the specifications of the upcoming fork?

Bitcoin Air will be airdropping coins to everyone who holds Bitcoin and Peercoin during the time of the snapshot. The specifications to follow are below:

21,000,000 XAP in Circulation (After 6 months, unclaimed remainder burned in 3 month batches over time)

42,000,000 XAP Tail Emission (Not Including Mint/Burn)

Side-Chain starting at Zero Circulating Supply with Asset-Backing up to 67,200,000 USDAP that will expand as the reserves grow.

Hybrid PoS/PoW

4 Minute Block Time

12.5 XAP Block Reward

16MB Blocksize

Block Reward Halving every 788,400 Blocks (6 Years)

Full-Embedded switch to DPoS after 7,884,000 Blocks or 60 Years. Block Reward adjusts to 19,248 XAP per year for DPoS rewards.

Where do I need to store my coins before the snapshot?

Currently, we are in discussion with several exchanges in regards to them supporting our upcoming airdrop. For now, please just ensure that you hold all Peercoin or Bitcoin OFF-EXCHANGE to ensure that you receive our airdrop if exchanges do not support it! (IMPORTANT: If an exchange decides not to support the airdrop, the holders on that exchange will NEVER receive Bitcoin Air!)

Are you associated with Peercoin?

We are in no way associated with the Peercoin Foundation, Peercoin Development Team, or Peercoin Community Team. We are our own separately funded and developed team that is pursuing completely separate use cases.

Which coin will be available on exchanges? USDAP or XAP?

There are 3 ways you can get USDAP: 1. Be a merchant that accepts Bitcoin Air via payment protocol, and it will automatically be converted into USDAP when a payment is accepted to avoid volatility. 2. Burn your Bitcoin Air and mint USDAP within the wallet, which you can then burn back and mint into Bitcoin Air. You can also convert it into AirCash. 3. Receive AirCash ($USDAP) in person from another person and sweep it into your wallet. USDAP will not be sendable to each person. It will only be able to be minted/burned and then able to be exchanged via a paper fiat code called AirCash that can be swept into your wallet balance. It will not be available for purchase on exchanges

When is the fork date?

The official snapshot date will take place on Thanksgiving Day, November 22nd, 2018.

Who is creating this fork?

The Bitcoin Air team is a wide spread culturally diverse development team dedicated to providing a ground breaking product through Non-ICO, Non-VC funding directly from private partners all who are dedicated to the community and people alike. The team section can be found in our navigation and will highlight the teams placements and qualifications alike!