The landscape of blockchain analytics and forensics is currently overshadowed by centralized systems, often limited by their financial priorities. This centralization not only restricts crucial insights for emerging decentralized Web3 projects but also creates barriers for innovative breakthroughs.

Enter the bitsCrunch network, heralding a new era in blockchain analytics. This decentralized, AI-enhanced data network delivers unmatched analytics and forensic data for NFTs, wallets, and other digital assets on the public blockchain. Accessible through user-friendly APIs, this platform lays the groundwork for diverse application development. Distinguished by its commitment to a community-driven ecosystem, bitsCrunch empowers individuals to contribute code or content, thus continuously enhancing and broadening the network's capabilities.

Illustrated below is the bitsCrunch network’s journey, spanning from indexing to querying, showcasing the various roles within the network:

• Multi-Chain Integration Made Simple: Utilize a single API to access insights across multiple blockchains. Ideal for developers building multi-chain applications.
• Advanced Forensic Data: Access in-depth forensic analysis on NFTs, wallets, and digital assets on public blockchains through the bitsCrunch Network. This functionality aids Web3 applications in identifying risks and fraud, ensuring security and compliance.
• Community-Driven Ecosystem: The network actively supports and encourages contributions from individuals in coding or content creation, fostering ongoing enhancement and the broadening of data and services.
• Enhanced Scalability through Decentralization: The bitsCrunch network's decentralized model, supported by multiple query processor nodes (or lite nodes), ensures enhanced scalability and robust data management.
• Predictable Query Costs: Data consumers utilize stablecoins to cover queries on the network, facilitating precise cost estimation and streamlined budget management.

bitsCrunch Token (“BCUT”) is the native utility token for the bitsCrunch Network. Its primary function is to facilitate smooth operations within the network, and it is exclusively intended for use as a utility token. The secure and efficient functioning of the bitsCrunch ecosystem relies on a fusion of cryptographic techniques and economic incentives, aimed at fostering adoption and upholding network security. Core functions and utility of the token include:

• Incentive Alignment: The token serves as a motivational tool, compelling Operators, Delegators, Indicators, and Contributors to stake their tokens, fostering a vested interest that encourages collaboration and dedication. This commitment aims to fuel the growth of a secure and decentralized network.
• Network Security: Through mechanisms like staking, the BCUT token can bolster security measures, making malicious activities prohibitively expensive and thereby safeguarding the network's integrity.
• Independence: The token’s existence ensures the network operates autonomously, diminishing reliance on external entities or tokens. This detachment shields the ecosystem from the volatile nature of external cryptocurrencies, aligning rewards directly with sustainable actions and closely tying the token's value and functionality to our network's objectives and performance.
• Economic Design: The introduction of the BCUT token empowers the network with the flexibility to sculpt an economic framework that aligns with the distinctive demands and ethos of the ecosystem. For instance, managing BCUT issuance allows the DAO to regulate its availability, ensuring it's aligned with growth milestones. The DAO could incentivize early adopters with a more generous distribution initially, then gradually adjust issuance rate to manage inflation, or introduce deflationary tactics such as token burns to enhance value of the network as it matures. All these decisions will be formally addressed through the governance process.
• Decentralized Governance: The token facilitates decentralized governance, empowering token holders to propose and vote on network protocol changes and proposals.
• Discounting Mechanism: Data consumers can stake the token to access discounts on query pricing, incentivizing engagement with the network.

Token Utility

bitsCrunch Network Ecosystem: Token Utility and Stakeholder Engagement

The total token supply will be 1,000,000,000 BCUT tokens, as outlined in the allocation breakdown depicted in the charts below. Starting from the sixth year, the token will transition to an inflationary model continually incentivizing network participants.

The bitsCrunch Network ecosystem is experiencing rapid growth, attracting an increasing number of leading companies from both the Web3 and Web2 sectors.