Grow Bitcoin
简介
Grow Bitcoin is an ecosystem acceleration platform that focuses on connecting the Bitcoin users and stakers to the projects. Grow Bitcoin is operated by the Rooch Network team.
As a Bitcoin staker or user, you get to earn BitXP as well as the project XP by voting for the projects you like, with your Bitcoin as the stake but without having to move your Bitcoin at all.
As a Bitcoin project builder, you are free to list your project on the Grow Bitcoin platform and get attentions from potential Bitcoin users; users will endorse your project with their votes and with more votes you get to earn BitXP as well!
- Grow Bitcoin website：https://grow.rooch.network/ (opens in a new tab)
Test network：https://test-grow.rooch.network (opens in a new tab)
FAQ
Mainnet Frequently Asked Questions
Self Staking Risk
Self Staking only has Read permissions for Bitcoin, without Transfer, ensuring the ownership of BTC. Having Write permission at the Rooch layer provides scalability.
Therefore, Self Staking in Grow Bitcoin is risk-free staking mining.
For example, I want to go shopping in a newly opened supermarket and I want to apply for a membership card. The membership card will only read my identity information and cannot do any more operations. Grow Bitcoin's stake mining is this model. It can only read the UTXO of the Bitcoin wallet and has no authority to operate your Bitcoin assets.
Why Create Session Key
Rooch's Session Key provides secure and simplified DApp transaction processes for application interactions.
For a detailed description of Session Key, please refer to this document https://rooch.networklearn/core-concepts/accounts/session-key (opens in a new tab)
Detailed usage process
Please refer to the Grow Bitcion Testnet User Guide (opens in a new tab)
Tip: The mainnet and testnet usage procedures are the same, pay attention to the URL of the accessed website!
How to get UTXO and RGas
Only needs to ensure that the UniSat wallet has UTXO and Claim RGas (opens in a new tab) here to stake.
RGas is the native gas token on the Rooch Network and is used to cover transaction and operating costs.
The account has BTC but no UTXO
BTC transfer transactions need to wait for three blocks to be confirmed before UTXO can be used in Rooch.
How to mine Grow
You only need to hold BTC in your own wallet to stake for mining and obtain GROW. Grow Bitcoin adopts Hold Mining’s staking model to obtain GROW.
Note: If the UTXO in your wallet is spent, the UTXO staked in Grow Bitcoin will become invalid, and you need to manually stake new UTXO to continue mining.
Loop appears to create Seesion
If the Create Session prompt window pops up in a loop, please check whether there is RGas.
Does staking affect ARC20?
No impact. Staking does not require sending an L1 transaction.
How much BTC is needed to stake
No barriers to entry.
Grow total amount
The total amount of GROW is 210,000,000,000, which will be mined in 180 days.
The daily mining quantity is fixed and divided according to the staked BTC.
Source code: https://github.com/rooch-network/rooch/blob/main/apps/grow_bitcoin/sources/grow_bitcoin.move (opens in a new tab)
Are there any staking restrictions?
No.
RGas no more
If you don't have RGas anymore, you can buy them here (opens in a new tab).
Tip: Currently, only BTC -> RGas is provided. RGas -> BTC is temporarily unavailable. The function of purchasing RGas with USTD will be provided in the future.
UTXO has changed, are there still GROW rewards?
Because it is a holding mining mode, if the UTXO is spent, the unclaimed GROW cannot be claimed. It is recommended to claim the staking reward before spending BTC.
How many times can the GROW obtained through staking be claimed per day?
There is no limit on the number of times, you can claim as long as you have staking income.
How many RGas are consumed for each Claim?
About 0.02 ~ 0.03 RGas.
Babylon Stakes
The same UTXO cannot be Self-Staking and then staked on Babylon.
You need to stake in Babylon first, and then stake via Babylon Stake Seal.
Babylon's staking has a time lock, and its staking has time weight.
Does Rooch have a price oracle?
There are currently oracles for Bitcoin.
Source code: https://github.com/rooch-network/rooch/blob/main/apps/gas_market/sources/trusted_oracle.move (opens in a new tab)
Is Grow the mainnet token of Rooch?
no.
What does GROW do?
You can use GROW to vote for projects and earn BitXP points. BitXP is used to obtain airdrops.
Will GROW disappear after voting?
GROW will be burned after voting, reducing the supply.
GROW to BitXP Ratio
GROW and BitXP are mapped 1:1, and the GROW consumed by voting will receive the same amount of BitXP.
GROW is launched completely fairly, with a fixed supply and no upper limit for BitXP. BitXP can only be obtained by voting for the project using GROW.
Can I receive RGas with a new Bitcoin address?
A new Bitcoin address can Claim RGas once.
What type of Bitcoin address to use?
Taproot.
Where GROW trades
GROW’s trading market will be launched in the future.
Testnet Frequently Asked Questions
How to get UTXO and RGas
For testnet, please use the following method to obtain UTXO and RGas:
The test network has received BTC but no UTXO
If this problem occurs, please transfer BTC to your account once.
Discord can't find Faucet channel
Please get the seed role in the contributor-role channel.
The account has BTC but no UTXO
BTC transfer transactions need to wait for three blocks to be confirmed before UTXO can be used in Rooch.
Which version of Bitcoin testnet is Grow Bitcion using?
The Grow Bitcion testnet uses the Bitcoin test3 testnet.