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BusyXChain

Czech Republic
Market: Internet and IT, Blockchain, Crypto currency
Stage of the project: Prototype or product is ready

Date of last change: 28.11.2022
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Idea

BusyXChain is a next-generation, layer-1 blockchain that combines public, private, and hybrid blockchains into a single ecosystem.

Current Status

We have been developing and testing our solution for over 2 years and are ready to launch the BusyXChain blockchain.

Problem or Opportunity

Blockchain is the golden child of the decade. Unfortunately, due to the number of hacks and bad actors in the industry, it is fast becoming a problem child. Cross-chain bridges and interconnects are being exploited for their security vulnerabilities.

Solution (product or service)

BusyXChain addresses this issue by eliminating the need for complicated, risky bridges. This is achieved with a virtual layer over our layer-1 network, allowing for highly secure and seamless interconnectivity. Our network allows organizations to build or move their existing infrastructure into a blockchain environment and connect with other projects within our ecosystem. Our infrastructure will help push mainstream adoption and allow small and large businesses to integrate blockchain tech into every part of their business infrastructure. BusyXChain caters for everybody – companies, government

Business model

We are adopting a similar approach to many leading Layer 1 protocols, like PolkaDot, Solana, Cosmos, etc. We aim to develop a fully functional, decentralized ecosystem available to all. Essentially, we are a non-profit with revenue-generating mechanisms to help build, grow and maintain our network.

We have to stake it as a revenue-generating mechanism. The company will stake vesting released coins to earn 11% annual interest to cover monthly expenses. Investors can use the same model to get a stable annual ROI on their staked BXCH coins.
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