Glossary
Key terms and concepts used in the EverRiseBTB platform
Token Terms
BTB
The native token of the BitBi platform, operating on its own blockchain.
eBTB
The wrapped version of BTB on the Ethereum blockchain, enabling trading on EverRiseBTB platform.
Bridge
The protocol that enables conversion between BTB and eBTB tokens while maintaining a 1:1 ratio.
Trading Terms
Initial Price Discovery
First trading phase where the initial market price is determined by the Supply/Price (S/P) ratio, with the final price being the average of all trades.
Trading Round
A 6-hour trading period (four rounds per day) where orders are matched and executed according to the round's price range and queue position. Rounds run from 00:00-06:00, 06:00-12:00, 12:00-18:00, and 18:00-24:00 UTC.
Base Price
Calculated as previous round's average price × 1.0025, clamped between the previous round's lowest and highest prices.
Price Range
The range of prices in a round, with lowest price at previous round's average and highest price at (base price × 2 - lowest price). When average price is within range, prices are distributed linearly based on queue position.
Trading Queue
First-in-first-dealt system where earlier positions get better prices. Excess orders enter next round's queue with 1% fee for sells and no fee for buys.
Linear Price Distribution
When average price is within range, prices are distributed linearly across the trading volume, with early traders getting better prices (lowest for buyers, highest for sellers).
Never Down Protection
A mechanism that prevents price decreases within a round by queuing excess sell orders.
Market Order
An order to buy or sell eBTB at the current round price.
Limit Order
An order to buy or sell eBTB at a specified price or better.
Platform Terms
Community Pool
90% of all trading fees that are distributed to community members based on their points.
Points
Earned through successful referrals and used to determine share of community rewards.
Social Authentication
The process of verifying user identity through social media accounts for enhanced security.
Trading Fee
Trading fees structure: • Buy orders: 0% fee • Sell orders: 1% fee Overflow handling: • Excess buy orders: 0% fee, auto-queued for next round • Excess sell orders: 0.1% fee, auto-queued for next round Fee distribution: • 90% to point holders • 10% to development