BTCMobick: A New Monetary Experiment to Awaken Dormant Bitcoin

Hello friends! Today, let’s talk about a blockchain project called BTCMobick (abbreviated as BMB). Imagine the world of blockchain as a vast digital ocean, filled with all kinds of “ships” and “treasures.” BTCMobick is a special ship in this ocean, with its own unique navigation goals and methods.

What is BTCMobick

You can think of BTCMobick as a “branch” or “sibling” project of Bitcoin. It was forked from Bitcoin’s ledger (the blockchain) ten years after Bitcoin’s birth, creating a new chain. It’s like a big tree growing to a certain stage and sprouting a new branch—this new branch inherits some genes from the old tree but starts to grow independently, developing its own features and direction. The name “Mobick” is said to combine the classic novel “Moby Dick” and the concept of “mobility,” symbolizing its mission to “hunt” those long-dormant Bitcoins and bring new vitality and liquidity.

The core goal of this project is to “awaken” those long-inactive or possibly lost Bitcoins, and on this basis, build a blockchain network serving enterprises. Simply put, it wants to get those sleeping digital assets moving again and provide businesses with a stable, efficient blockchain platform—like building a dedicated digital highway for enterprises.

In typical usage, BTCMobick envisions enterprises receiving BMB tokens for free, then using this blockchain network to develop various applications, such as issuing celebrity-based NFTs (non-fungible tokens, which you can think of as unique digital collectibles), fan tokens, or building international financial payment networks and decentralized identity systems. Additionally, it distributes tokens via physical paper wallets in face-to-face airdrops, hoping to involve people from diverse backgrounds and build a multifaceted ecosystem.

Project Vision and Value Proposition

BTCMobick’s vision is ambitious: it aims to solve a long-standing issue in the Bitcoin ecosystem—Bitcoins that are “sleeping” due to various reasons (like lost private keys) and cannot be used. The project team vividly calls this process “Whale Hunting,” aiming to bring these digital assets back into circulation and increase overall liquidity in the crypto world.

Beyond awakening dormant Bitcoins, BTCMobick is committed to building an “enterprise-grade blockchain,” offering BMB tokens for free to global businesses and encouraging them to develop applications on its chain. It’s like a generous platform, providing land and tools for free to attract developers to build digital “shops” and “factories.” Through this approach, it hopes to combine the advantages of public chains (open and transparent) and private chains (efficient and controllable), driving blockchain technology adoption in real business scenarios.

Unlike many other crypto projects, BTCMobick places special emphasis on “ethics” and “fairness.” They claim there was no venture capital or private placement at launch, nor did founders reserve large amounts of tokens, aiming to prevent early investors or the project team from manipulating the market by dumping tokens, thus protecting ordinary investors. It’s like a game rule-setter who, from the start, establishes mechanisms to prevent “whales” from cheating, striving to let all players compete in a fairer environment.

Technical Features

BTCMobick is based on the Proof-of-Work (PoW) mechanism. Simply put, this is a consensus mechanism where computers “mine” by solving complex mathematical problems to verify transactions and create new blocks. It uses the same mechanism as Bitcoin to ensure network security and decentralization.

This project is a hard fork of Bitcoin at block height 556,759. A hard fork can be understood as a major blockchain upgrade, after which a new, incompatible chain is created. BTCMobick split off from Bitcoin’s “trunk” as a “new chain,” with its own independent ledger and operating rules.

Notably, some sources mention “this coin does not have a contract address.” For a hard-forked public chain project, this is normal. BTCMobick has its own independent blockchain; it’s not a token issued on Ethereum or other public chains (like ERC-20 tokens), so it doesn’t have an “contract address” like ERC-20 tokens. It has its own block explorer to record all transactions, just as Bitcoin does.

Tokenomics

The token abbreviation for BTCMobick is BMB.

• Total Supply and Max Supply: According to CoinMarketCap and Crypto.com, BMB’s total supply is about 38.1 million, and the max supply is about 39.4 million. Total Supply refers to the total number of tokens created minus those that have been destroyed. Max Supply is the maximum number of this cryptocurrency that can exist over its lifetime.
• Circulating Supply: The project team reports a circulating supply of about 3.78 million BMB, about 9.6% of the max supply. Note that CoinMarketCap has not verified this circulating supply data. Circulating Supply is the number of tokens currently publicly circulating in the market.
• Token Allocation and Use: The team states that out of the 21 million total supply, 14.5 million BMB are allocated as “public assets.” These public assets are stored in transparent wallets, traceable by anyone via the official explorer, ensuring transparency and adherence to project ethics. Additionally, the team emphasizes no founder reserves of large token amounts, aiming to prevent early investors from manipulating the market. Token uses include investment, trading, and payment for goods and services where BMB is accepted.
• Burn and Lock-up: Historically, BTCMobick has held several lock-up events. For example, in October 2023 and April 2024, about 1.98 million BMB were locked up. Lock-up means locking a portion of tokens in a smart contract, making them non-circulating for a set period, which usually helps reduce selling pressure in the market.

Team, Governance, and Funding

The founder of BTCMobick is Oh Taemin. He is described as an expert sharing knowledge and insights in the cryptocurrency field.

In terms of governance, the project ecosystem has a “Public Goods Oversight Committee.” This committee’s main responsibility is to ensure transparent and fair management of public assets, prevent misuse, and maintain the ecosystem’s reputation and long-term sustainability.

The project has also established a collaborative network with diverse partners from academia and technology. For example, it has partnerships with Hanyang University, Mobickers Inc., and OtaeVerse Inc. to jointly promote project development.

Roadmap

BTCMobick’s development dates back to 2019, with the following key milestones:

• January 3, 2019: BTCMobick was created via a hard fork of the Bitcoin ledger, but the project was shelved due to initial failure.
• July 16, 2022: Mining activities resumed with strong support from the “Bitcoin Wisdom” YouTube community.
• April 27, 2023: The project was officially renamed “BTCMobick.”
• September 2022 – July 2023: Large-scale airdrop events were held, distributing MOBICK tokens via physical paper wallets in locations including South Korea and Australia.
• May 25, 2023: Fourteen paper wallets containing 14.5 million MO (Mobick tokens) were publicly sealed in bank vaults.
• October 26–27, 2023: About 1.6 million MO were locked up.
• April 6, 2024: At the community’s request, a second lock-up was conducted, adding 380,000 MO.
• September 14, 2024: BTCMobick Consols (sales of high-denomination paper wallets) launched.
• November 25, 2024: BTCMobick was listed on LBank exchange, trading under the code BMB.

For future plans, the team says it will continue to explore enterprise blockchain, Whale Hunting projects, and Consols.

Common Risk Reminders

Investing in any cryptocurrency carries risks, and BTCMobick is no exception. Here are some common risks to note:

• Market Volatility Risk: Cryptocurrency prices are highly volatile, and BMB’s price may rise or fall sharply in a short period.
• Information Transparency Risk: Although the team emphasizes transparency, CoinMarketCap notes that BMB’s circulating supply is self-reported and not yet third-party verified. Also, its “profile completeness score” on CoinMarketCap is 54%, indicating missing or incomplete information.
• Technical and Security Risk: Any blockchain project may face technical vulnerabilities, network attacks, or consensus mechanism manipulation. Although BTCMobick uses PoW, whether its network size and security can match Bitcoin’s remains to be seen.
• Compliance and Operational Risk: The global crypto regulatory environment is constantly changing, and future policy changes may impact project operations and token value.
• Liquidity Risk: Although listed on LBank, its trading volume and liquidity may not match mainstream cryptocurrencies, which could affect ease of buying and selling.

Please remember, the above information is for reference only and does not constitute investment advice. Always conduct thorough personal research and risk assessment before making any investment decisions.

Verification Checklist

• Official Website: https://btcmobick.com/
• Whitepaper: The official website provides a whitepaper link.
• Block Explorer: The official website mentions “Mobick Explorer I,” but does not directly provide a link. Users are advised to look for it on the official site or via other channels to verify on-chain data.
• GitHub Activity: No BTCMobick GitHub repository or activity information was found in current search results. For a tech project, open-source code and active development are important indicators of healthy growth—keep an eye on this.
• Exchange: Currently tradable on LBank exchange.

Project Summary

BTCMobick (BMB) is a proof-of-work blockchain project forked from Bitcoin, with a core vision to solve the problem of dormant and lost tokens in the Bitcoin ecosystem through “Whale Hunting,” and to build a blockchain network offered free to enterprises.

The team emphasizes its unique ethical design, such as no founder token reserves and mechanisms to prevent early investor market manipulation, aiming to create a fair and transparent ecosystem. It attracts community participation and maintains token value through physical paper wallet airdrops and lock-up events.

However, as an investor, note the risks such as unverified circulating supply and a profile completeness score that needs improvement. Although the project has a clear roadmap and partners, its long-term development and market acceptance still require time to prove.

Overall, BTCMobick presents an interesting and challenging vision, seeking to open new application scenarios based on Bitcoin. For those interested in blockchain technology and cryptocurrency, it’s a project worth watching—but always remember, crypto investment is risky, so do your own research, make cautious decisions, and invest within your means. This is absolutely not investment advice.