Confirmation of BitTap Exchange Computing Power Service Entitlements: Effectiveness Mechanisms and Asset Attributes of Computing Power Futures
BitTap Ltd has officially issued the "Certificate of Computing Power Purchase Service" to validate the factual purchase of computing power services, their operational rules, and the mutual rights and obligations of the involved parties. This certificate serves as the supporting validation document for the Computing Power Purchase Futures, providing explicit details regarding the hashrate type, quantity, service duration, and settlement methodology, becoming formally effective upon the application of an official seal or electronic signature
It is imperative to clarify that the computing power resources corresponding to the certificate are provided and managed exclusively by the BitTap exchange ecosystem. BitTap Ltd assumes full responsibility for the operation and maintenance of computing servers, the authenticity of data, and system stability. The purchaser acquires solely the right to utilize the designated computing power and receive the corresponding computational or mining rewards within the agreed-upon duration.
Fundamental Structure of Computing Power Services According to the certificate’s provisions, the confirmed computing power type is BTB computational hashrate, measured in TH/s, with a total volume of 30,000,000 units. Each individual computing unit exists in the form of an NFT, representing a unique on-chain entitlement that must be bound to a wallet address. As the wallet address is the sole vehicle for these entitlements, should the private key be lost or rendered unrecoverable, the associated on-chain rights cannot be retrieved and shall be deemed permanently void. The corresponding service duration is 3 years. The unit price for computing power is 1 USDT, with no additional maintenance or electricity fees levied.
This structure indicates that the computing power itself is not a temporary allocation or a mere yield guarantee; rather, it exists as an entitlement with a fixed quantity and a defined duration, possessing clear service boundaries and measurement standards. This provides the essential foundation for these computing power Futures to be recognized as verifiable assets.
Effectiveness Conditions and User Operational Logic Pursuant to the certificate’s stipulations, the purchaser must complete registration and Identity Verification (KYC). The computing power will be activated within 1–3 business days following the launch of the computing power system.
Upon the launch and activation of the BitTap public chain computing power system, the relevant computing power Futures will automatically transition into an execution state in accordance with the aforementioned terms. The binding process serves exclusively to confirm the correspondence between computing entitlements and accounts; it does not involve the transfer of operational rights, system control, or trading permissions.
Revenue Settlement and Cash Flow Origins The certificate specifies that computing revenue is generated based on actual computational or mining results and is automatically settled to the purchaser’s address according to the system cycle. The final revenue level remains subject to fluctuations in market prices and network difficulty; thus, it does not constitute a fixed return.
This provision clearly delineates the logic behind the hashrate's cash flow:
Revenue is derived from authentic computing operational results rather than protocol subsidies or liquidity pool allocations, characterized by its verifiability and traceability.
Service Guarantees and Risk Boundaries BitTap Ltd covenants within the certificate that all computing power data is authentic and verifiable, and it shall issue timely announcements regarding maintenance, downtime, or network anomalies. However, the service provider assumes no liability for third-party factors or external systemic impacts.