Mini Satoshi Whitepaper V1

1. MINI SATOSHI WHITEPAPER
October 11, 2021
Contract address
0x66dd578022ad20dea8d532d066bb5458f835d8c8
Launch date: September 4th, 2021
Migration date: October 1st, 2021

2. MINI SATOSHI: BTC REWARDING TOKEN WITH NFT
MARKETPLACE ON THE BINANCE SMART CHAIN
WHITEPAPER
Mini Satoshi Team
@https://minisatoshi.info
shttps://t.me/minisatoshibsc
€https://twitter.com/minisatoshibsc
October 11, 2021
ABSTRACT
Mini Satoshi ($SBSC) is a Bitcoin ($BTCB) rewarding, stealth launch DeFi token on Binance Smart
Chain (BSC), the origin of which is inspired by the mysterious creator of Bitcoin, Satoshi Nakamoto.
Mini Satoshi, in its true form, originated on October 1st, 2021, after rigorous verification and migration
of its smart contract. Mini Satoshi rewards its holders with Binance-pegged Bitcoin (Satoshi) on
BEP-20 network. The total supply of Mini Satoshi is fixed to 21,000,000 with the tokenomics
consisting of BTC reward to holders, acquisition to the Liquidity Pool (LP), and marketing wallet.
Mini Satoshi, being a fully community-driven token, may change the tokenomics in future according
to the community demand. Mini Satoshi will also have an NFT marketplace, and for every new NFT
minted, a part of it will be added to the LP and the rest of the revenue will go to team and artists.
Mini Satoshi will grow in a phased and sustainable way together with its community members. DeFi
has endless possibilities, and Mini Satoshi would bring the best of it to its community. Come join and
be part of the Satoshi family. We Are All Satoshi.
Keywords Bitcoin · BSC · Cryptocurrency · DeFi · NFT · Smart contracts
1 Introduction
The growth of cryptocurrencies has skyrocketed in the last decade, and it has continued to revolutionize money by
decentralization, where control of money is stripped from the financial institutions, and individuals take control of
it. The first-ever cryptocurrency to run on the blockchain, Bitcoin [Nakamoto, 2008], was launched on January 3rd,
2009, by the mysterious creator named Satoshi Nakamoto. Since the inception of Bitcoin, several new blockchains
such as Ethereum, Binance Smart Chain (BSC) have emerged and have seen tremendous growth because of various use
cases such as smart contracts they offer. The cryptocurrency sector has seen innovations such as border-less payments,
identity management of an asset, Decentralized Finance (DeFi), and most recently, Non-Fungible Token (NFT).
1.1 Decentralized Finance (DeFi)
In today’s financial world, financial institutions act as guarantors of transactions, which gives them immense power as
for all the transactions, money flows through these institutions [ethereum.org, 2020]. DeFi aims to recreate traditional
financial systems such as banks and centralized exchanges by smart contracts, which run on blockchains such as
Ethereum and BSC. A smart contract is a self-enforcing payment between users depending on complex program logic.
Instead of relying on a traditional market of buyers and sellers and an order book, DeFi uses Liquidity Pool (LP) to trade
an asset. The makeup of the LP is regulated by a constant algorithmic formula shown in Equation 1, which balances the
ratio of two assets in the pool.
x × y = k (1)
Equation 1 governs that the total value of one asset in the LP must always equal the total value of the other asset, which
is how Decentralized Exchanges (DEX) works through an automated pricing mechanism. For example, there are two

3. MINI SATOSHI: BTC rewarding token with NFT marketplace on the Binance Smart Chain
assets $SBSC and $BNB in the pool comprising 50% of asset $SBSC and 50% of asset $BNB, if a trader buys $SBSC
for $BNB, the amount of $SBSC in the pool decreases, while the amount of $BNB in the pool increases. To counter for
this imbalance in the quantity of the two assets, the price of the asset $SBSC increases relative to $BNB to keep the
total value constant as governed by Equation 1.
1.2 Non-Fungible Tokens (NFT)
A non-fungible token (NFT) is a unique non-interchangeable unit of data that can represent virtually any physical,
digital, or metaphysical asset on a blockchain network such as Ethereum. They function like cryptographic tokens but
are not mutually interchangeable as cryptocurrencies such as Bitcoin. This is what makes them non-fungible. An NFT
can be thought of as an irreversible digital certificate of ownership and authenticity for a digital or physical asset. NFTs
have various popular use cases such as digital art, collectibles, music, etc.
An NFT is created by an artist, creator, or a license-holder through a process called minting, which is signing a
blockchain transaction outlining the fundamental token details, which is then broadcasted to the blockchain to trigger a
smart contract function that creates the token and assigns it to its owner [AWS, 2021].
2 Mini Satoshi: Tokenomics and contract details
Figure 1: Tokenomics: 12% tax for buy and sell transactions
Mini Satoshi was stealth launched on the Binance Smart Chain on October 1st, 2021, after thorough verification of
its smart contract. There is a popular trend in the DeFi space to renounce ownership of the contract to establish trust
among the community. Though it could solve one part of the problem, it has the severe disadvantage of losing the
ownership to make changes required to meet future trends and demands. Mini Satoshi team believes that consistent
innovation is always necessary to be successful in any project. Because of this reason, the ownership of the contract is
not renounced for Mini Satoshi ($SBSC).
Mini Satoshi was launched on the Binance Smart Chain network because of faster and cheaper transactions on BEP-20
compared to ERC-20 on the Ethereum blockchain. Table 1 shows the smart contract details of Mini Satoshi ($SBSC).
Table 1: $SBSC token details
Attributes Values
Contract address 0x66dd578022ad20dea8d532d066bb5458f835d8c8
Name MINISATOSHIBSC
Symbol SBSC
Total supply 21,000,000
Decimals 9
Blockchain network Binance Smart Chain (BEP-20)
Ownership Maintain
Reward contract 0x7130d2a12b9bcbfae4f2634d864a1ee1ce3ead9c
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4. MINI SATOSHI: BTC rewarding token with NFT marketplace on the Binance Smart Chain
The liquidity pool plays a significant role in transactions on the DEXs. The main challenge is how we can incentivize
and bring liquidity providers for pair of assets. Though liquidity providers earn a share of the transactions fees for
providing liquidity, they may suffer an impermanent loss [Binance, 2020]. Newly launched DeFi projects generally
face the problem of low liquidity. A tax on the transaction is imposed to mitigate this problem whereby the contract
acquires a small fraction of every transaction to the liquidity pool. This acquisition over time with good trade volume
can improve the liquidity and thereby reduce price volatility for the assets. A contract with good liquidity attracts
investors because of reduced risks and price volatility. Mini Satoshi imposes a tax of 12% on every transaction and
acquires 5% of it to the LP, rewards 5% to the holders as Bitcoin (Binance-pegged, $BTCB) and 2% to the marketing
wallet. Figure 2 represents the distribution of the tax on every buy and sell transaction. Apart from the acquisition to LP
by imposing tax on transactions, we will add liquidity through the revenue earned on the NFT marketplace, the details
of which is provided in the next section.
2.1 $BTCB reward protocol, automated LP acquisition, and marketing wallet
On every buy and sell transaction, 12% of the transaction amount is sent to the contract. The contract keeps accumulating
the $SBSC token up to a certain threshold. Once the number of tokens reaches the maximum threshold value, the
contract, following and organic sell, executes a sell function to obtain $BNB for the $SBSC tokens held, which is then
used to buy $BTCB, add liquidity, and send $BNB to the marketing wallet. This accumulated $BTCB is redistributed
amongst holders on every buy and sell transaction, provided the contract has enough $BTCB to distribute. And the
cycle repeats. It should also be noted that the $BTCB rewards sent to the holders are proportional to the amount of
$SBSC token that a wallet holds. A wallet with greater $SBSC holdings will receive more rewards compared to one
with fewer holdings. As the transaction volume of the token pair would increases, the rewards would be distributed
more frequently. With a bigger volume, the time to acquire the number of tokens by the contract to reach the threshold
value to sell will decrease.
Mini Satoshi team wants to maintain complete transparency of its marketing wallets. Table 2 shows the market-
ing and giveaway wallets held by Mini Satoshi team members. Further, the budget spent for different market-
ing/giveaways/contests purposes will be informed to the community on the Telegram and Discord server.
Table 2: $SBSC token details
Wallet Address
Marketing wallet 0xd9d293d7faa1834183833e29744ea4532814953b
Giveaway wallet 0x72bd3384dd1d8a3cea72701d3828ca20300eef20
3 NFT Marketplace
Figure 2: Distribution of revenue generated from NFTs
The NFT marketplace is one of the several utilities Mini Satoshi aims to bring. NFT marketplace provides state-of-the-
art NFTs for users to mint at competitive market prices. The first NFT series drop, “We Are Satoshi”, an exclusive
collection of 1,000 unique characters, was made available to mint on Oct 9th, 2021. Each one of them is totally unique
and tokenized as an NFT on the Binance Smart Chain (BSC) network. These characters are algorithmically generated
through computer code, and thus no two characters are exactly alike. 250 of the 1,000 were minted and airdropped to
the first 250 holders of $SBSC, and the rest were available to mint at a price of 0.05BNB. 50% of the revenue from the
NFT marketplace is used to add liquidity to the pool, and the rest 50% goes to team/artists. This distribution, however,
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5. MINI SATOSHI: BTC rewarding token with NFT marketplace on the Binance Smart Chain
can change in the future to support the liquidity of the token pair. NFTs can be bought and sold through our partners
SCV Finance and Lootex platform.
4 Further development
DeFi, powered by smart contracts, has become the most disruptive innovation to the traditional financial system.
However, the team at Mini Satoshi believes that consistent innovation is essential to stay relevant in the DeFi space and
discover new opportunities; it also plays a vital role in the overall growth of the project. Team members at Mini Satoshi
comprise the most talented programmers, designers, marketers from all around the globe in their respective fields. We
have seen tremendous growth since the inception of our project because of the constant support from the community.
Being a fully community governed token, Mini Satoshi will bring the best of the endless possibilities and innovations in
DeFi.
Soon, we will bring more NFT series from different genres such as abstract arts generated by Generative Adversarial
Networks (GANs) [Goodfellow et al., 2020], new characters, etc., and other Decentralized Applications (DApps).
Apart from bringing more use cases and utilities, we will also work on marketing and listing on different websites and
exchanges.
The team at Mini Satoshi is always eager to hear from its community members regarding any suggestions and issues.
We all want to remain fully transparent and create a pleasant and safe environment by being respectful and protective of
each and every community member and investor. Join us today and be part of the Satoshi family. We Are All Satoshi.
References
Satoshi Nakamoto. Bitcoin: A peer-to-peer electronic cash system. Decentralized Business Review, page 21260, 2008.
ethereum.org. Decentralized finance (defi). https://ethereum.org/en/defi/defi-vs-tradfi, 2020. URL https://ethereum.
org/en/defi/#defi-vs-tradfi.
AWS. Non-fungible tokens (nfts) explained. https://aws.amazon.com/blockchain/nfts-explained/, 2021. URL https:
//aws.amazon.com/blockchain/nfts-explained/.
Binance. Impermanent loss explained. https://academy.binance.com/en/articles/impermanent-loss-explained, 2020.
URL https://academy.binance.com/en/articles/impermanent-loss-explained.
Ian Goodfellow, Jean Pouget-Abadie, Mehdi Mirza, Bing Xu, David Warde-Farley, Sherjil Ozair, Aaron Courville, and
Yoshua Bengio. Generative adversarial networks. Communications of the ACM, 63(11):139–144, 2020.
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