Obyte(former Byteball) (GBYTE) Cryptocurrency Economic Model and General Information

What does it do?

Obyte is a decentralized system that allows tamper proof storage of arbitrary data, including data that represents transferrable value such as currencies, property titles, debt, shares, etc. The internal currency called bytes (GBYTE) is used as a payment for adding data into decentralized database. Obyte is not a typical proof of work blockchain, it uses DAG technology.

Key Features

  • Atomic exchange
  • Multi signature
  • Immutable storage
  • On-chain oracles
  • Settlement finality protects from 51% attacks

General information

Company NameObyte foundation
Incorporation date2016
Incorporation Addressn/a

Economic details

Initial Funding & Distribution
Token TypeCryptocurrency
Total Supply SoldThere was no ICO
Total Amount Raisedn/a
Price During the Crowdsalen/a
Hard Capn/a
Token Distribution99% Airdrop
1% Tony(Founder of Byteball)
Distribution of Funds raisedn/a
Crowdsale Daten/a
Sources: https://bitcointalk.org/index.php?topic=1608859.0
Circulating supply starting 2019 is a rough projection based on Obyte’s founder’s estimation
Top 100 Holders Collectively Own 75.73% (757,273.42 Tokens) of GBYTE. 
Source: https://byteball.fr/Top100ByteballRichest.php
MZ4 wallet represents undistributed funds

Social Media


Founder & Lead DeveloperTony Churyumoff
Partner and Head of Business DevelopmentSteve Safronoff
Head of StrategyValerius Coppens
Head of Digital ContentPaul Murray


Total number of Commits4971 Commits (30 Repositories)


Connax – a company that has a software helping IoT device manufacturers to secure, manage and monetise devices.

Jumio – a company that verifies customers’ real world identities.

Estreams.tv – e-sports streaming channel.

Trust.zone – a portal that helps users to hide their identity.


IOTA – a project that, just like Byteball, is utilizing DAG concept.

NANO (former RaiBlocks) – a low-latency payment platform that requires minimal resources.

Ethereum – a decentralized platform that runs smart contracts and it allows developers to create their own decentralize application.

Augur – a prediction market.

Potential market and clients

Obyte is targeting a large segment of the cryptocurrency market: ICOs, P2P services such as insurance, betting, anonymous payments. The adoption of Byteball depends on demand of its products and how well they work on business development.

Utility and economic dynamics

  • GBYTE is used as a fee for storing data
  • GBYTE can be used for transferring value