Substack – Activating Bitcoin's Full Capacity

Substack Smart Contracts
on Bitcoin

Activating Bitcoin’s Full Capacity

Substack bridges the gap, introducing smart contract capabilities to the Bitcoin ecosystem.

Introduction

Substack marks a pivotal advancement in blockchain technology, merging the unparalleled security and widespread adoption of Bitcoin with the flexible capabilities of smart contracts. As a layer above Bitcoin, Substack provides a platform for developers and users to build and interact with decentralized applications (dApps) using BTC directly.

About

Substack, a Bitcoin Layer 2 solution, aims to broaden Bitcoin’s use cases beyond just a store of value and medium of exchange by incorporating smart contracts and dApps into the Bitcoin network. This initiative allows for a decentralized, secure, and innovative space for both financial and non-financial applications, ranging from decentralized finance (DeFi) platforms to non-fungible token (NFT) marketplaces, all while upholding the core values that establish Bitcoin as the premier digital asset.

Features

Smart Contracts on Bitcoin

Deploy and run smart contracts with BTC.

Decentralized Applications

Build and operate dApps integrated with Bitcoin.

Augmented Security

Leverages Bitcoin's unmatched network security.

Seamless BTC Integration

Direct BTC transactions within smart contracts.

Mechanism

Bitcoin Pegged
Assets

Trustless bi-directional peg system for BTC and SUB tokens.

Proof of Transfer
Consensus

Ensures security and consensus via Bitcoin's blockchain.

Clarity Smart Contract Language

Decidable language for crafting secure contracts.

Mission

To transform the Bitcoin ecosystem by introducing smart contract functionality and enabling the development of dApps, thus broadening Bitcoin’s capabilities as a programmable asset.

SUB
Tokenomics

SUB token

core to Substack, enabling smart contracts on Bitcoin.

Initially an ERC-20 for broad access.
Later, 1:1 exchangeable for mainnet tokens, uniting utility and governance.

Total Supply

1 billion SUB tokens.

Distribution

Liquidity Pool: 60%
Foundation Reserve: 10%
Community and Developer Grants: 10%
Marketing and Partnerships:10%
Team and Advisors: 10%

Roadmap

Phase 1: Initial Launch and Distribution

Launch ERC-20 SUB tokens..

Set vesting periods for team and advisors to align long-term project goals.

Solicit community input

Phase 2: Ecosystem Engagement and Utility Enhancement

Introduce a staking mechanism to secure participation and reward the community.

Implement governance features, allowing SUB holders to vote on pivotal ecosystem developments.

Partner with dApp developers.

Phase 3: Transition to Mainnet and Expansion

Deploy a secure and user-friendly bridge for SUB token redemption at a 1:1 ratio for mainnet tokens.

Officially launch the Substack mainnet, transferring all operations and token utilities.

Expand the ecosystem through strategic partnerships and continuous development.

Substack Smart Contracts on Bitcoin