BitCrystals (BCY)
BitCrystals (BCY) is a cryptocurrency token originally launched in 2015, primarily designed as a utility and reward token within blockchain gaming ecosystems and digital collectibles platforms.
It was first issued on the Counterparty protocol (Bitcoin blockchain) and later expanded to Ethereum as an ERC-20 token to support a multi-chain strategy.
History
Issued as a Counterparty token in 2015, BitCrystals was used for one of the first successful ICOs back in 2015.
From the initial supply of 100,000,000 units, 30% were kept by EverdreamSoft (EDS), the token issuer, and the remaining 70% were offered on sale during the “BitCrystals Token Sale”. The funds from the Sale were used to kickstart the development of the blockchain-based game Spells of Genesis. After the end of the ICO, the unsold BCY – 55,566,099 – were burnt.
For years, the remaining supply kept decreasing thanks to the regular burns. Each month, EverdreamSoft burnt 50% of their BCY income from the sales of both blockchain and in-game assets for their game Spells of Genesis. The regular burns stopped in 2023, with over 3M BCY destroyed.
Key Use Cases & Features
Trade ORBs on ORBital
Today, BitCrystals is the main trading currency on the ORBital’s marketplace, where it serves to trade ORBs within several collections, such as Spells of Genesis, among others. It is also the default currency for newly created and listed collections and ORBs.
Some collections, such as Rare Pepe, have their own currency. Depending on the collection, ORBital also supports Counterparty (XCP), MafiaCash, PepeCash and WillCoin (WILL) as trading currencies.
You can purchase these currencies for BitCrystals (or XCP) on ORBital’s secondary market by putting a “buy” order for the selected coin.
Staking and Liquidity Providing
Holders of the ERC-20 BCY token can stake BitCrystals or provide liquidity on Ethereum-based platforms, earning yields and supporting decentralized trading.
Multi-Chain Functionality
The BCY Bridge allows seamless transfers between Ethereum and Counterparty blockchains, enhancing utility and liquidity across both ecosystems.
How to Acquire BCY
The easiest way to get BitCrystals (on Bitcoin blockchain) is to purchase them directly on the ORBital platform. Go to the "Currencies" page and click on the "Buy with BTC" button.
Find a detailed tuto here.
To acquire their Ethereum-based counterpart, head over to Uniswap.
BitCrystals (BCY) is a cryptocurrency with a strong legacy in blockchain gaming and collectibles, continuing to evolve with new use cases, multi-chain support and ongoing community engagement.