How to Participate in BitDNS Mining on Heco

6 min readMar 24, 2021

BitDNS Introduction

BitDNS is committed to building a decentralized cloud computing platform to build the core infrastructure for implementing DWeb 4.0. Our vision is to build a pure decentralized network ecosystem. In the future, services based on the BitDNS decentralized cloud computing platform will include: elastic computing, edge computing, IoT, distributed AI computing, distributed application components (database, storage, CDN, streaming media, micro-service, message service, etc.), and application scenarios include: Website, APP server, forum, blog, chat tool, cloud computer, cloud live broadcast, cloud game, e-commerce /O2O and so on.

Among them, BitDNS’s domain name resolution technology will serve as the core component and key interconnection tool for the realizing decentralized cloud computing platform. BitDNS’s domain name resolution technology can help enterprises and individual users participate in digital asset transactions more conveniently and safely, and manage value data information on the chain. Unlike the infrastructure of traditional domain name services, BITDNS’s smart contract can replace the roles and processes of most registries. Any organization and individual can create a subdomain name in accordance with the rules of the registration organization. The parser acts as a translation role, converting the name into a hash address and some mainstream public blockchain addresses. Based on the cross-chain design, BITDNS can serve existing public blockchains, such as Ethereum, IPFS, etc., making file access, address transfer, and smart contract invocation more convenient and faster.

DNS Token Introduction

As the value support of BitDNS, the DNS ecological token ensures the decentralization of BitDNS, enabling the holders in the ecosystem to participate in network governance freely and fairly. In addition, the DNS ecological token can pay for various goods and services in the BitDNS ecosystem.In the future, as the ecosystem continues to grow, BitDNS will provide users with a more complete incentive system. The total supply of DNS Token is 1 billion and will never be issued again. The specific distribution plan and locking period are as the following.

Among them, DNS will map 10,000,000 HDNS to the Huobi ECO Chain (HECO).

Corn Token Introduction

Corn is the domain name value token in the BitDNS ecosystem and an important part of the BitDNS ecosystem. The total supply of Corn is 100,000, Corn will map 10,000 Hcorns to the Huobi ECO Chain (HECO)., and all of them will be generated by mining. Hcorn on the Heco and Corn on other public blockchains temporarily can not be transferred to each other.

DNS, Corn economic model, rights

In the current economic model of BitDNS domain name system, we have introduced two tokens, one is DNS, which is a proof-of-stake token issued and maintained by the BitDNS Foundation. The total supply is 1 billion. The other is Corn, which is a partial dividend mapping of the BitDNS domain name sales system, which can only be generated through mining, with a total supply of 100,000.

The specific economic model and rights are as follows:

1. The domain names of BitDNS can be purchased through USDT or DNS. The USDT obtained from the sale will be used to repurchase the tokens on the market from time to time, and the HDNS obtained from the sale will be destroyed from time to time, and all data will be open and transparent.

2. DNS holders have the rights to propose, vote and govern, and sell dividends on the platform, etc

3. Corn holders can enjoy the platform’s domain name sales dividends and other rights.

The mapping volume of DNS and Corn tokens will be adjusted according to the actual needs of users of each public blockchain. If the mining transaction volume of several public blockchains is different, the total amount of mining on a certain blockchain may eventually be adjusted.

BitDNS mining introduction

At the beginning of mining, 9,500 Hcorns will be distributed to the BitDNS community through domain name NFT mining, and the mining ends when all Hcorns are yielded.

Mining time

March 24, 2021 on the HECO

Mining rule

You need to buy domain names and HDNS to participate in the mining. Each domain name needs to be combined with 300 HDNS to mine, and the fixed annual yield of mining is 548%

You can enter BitDNS DAPP through Math wallet, Token Pocket or BitKeep wallet

Math Wallet: https://mathwallet.org/en-us/

Token Pocket：https://www.tokenpocket.pro/

BitKeep: https://bitkeep.org/

Here are the details of how to participate in the mining：

1 Enter DApp：

Enter Huobi wallet, enter the home page, and enter the link: heco.bitdns.VIP

Choose HECO wallet to enter the mining

2 Register the DAPP account：

Registration info includes BitUID and password

（Note：BitUID registration digits shall not exceed 15 digits; the password form is a combination of letters and numbers; the lost account and password cannot be retrieved, please keep it safe!)

3 Prepare for mining

Purchase domain names and the corresponding HDNS, each domain name needs to combine 300 HDNS to participate in mining

1 domain name + 300HDNS

2 domain names + 600HDNS

3 domain names + 900HDNS

The rest is in the same way！

How to buy domain names

3.1 Enter the homepage of the DApp, search for the domain names you want, such as Jack12345. Ht (Note: .ht can be automatically generated, users do not need to enter), and click to buy;