📘 BitJimCoin (BJC) White Paper v1.0 (Early Draft)

Date: 2025‑05‑07

Disclaimer: This is an early draft. As we finalize app launch, partner integrations, and any institutional rounds, some metrics and timelines may shift. We will never accept funds before all smart contracts are live, audited, and verifiable on‑chain. In Code We Trust.

1. Executive Summary & Problem Statement

Crypto users juggle fragmented tools - staking, bots, loans, tax planning - often sacrificing security and transparency. BitJim unifies these in a ground‑breaking app with “magic locks” that eliminate FUD and FOMO. Our token, BJC, aligns incentives by distributing 50% of net profits back to holders via our “Careity” model.

2. Market & Competitive Landscape

• 2025 DeFi TVL: ≈$2 trillion

• Auto‑trading volume: ≈$50 billion

• Competitors: Lido, Aave, Compound, Celsius (staking/loans); Cryptohopper, TradeSanta, 3Commas, Pionex (bots)

• BitJim’s edge:

  • True profit‑share (50% back to users)

  • Non‑custodial, on‑chain enforcement

  • Ground‑breaking app with “magic locks” to remove FUD/FOMO

  • Built on Polygon L2 (and compatible EVM chains) for <$0.01 fees & 1–2 s finality

  • Supports BTC via wBTC wrapper - widely accepted by Bitcoiners with minimal trade‑off

3. Solution & Platform Overview

• BitJim App integrates:

  1. Automated staking (BTC/wBTC, ETH, USDC and Polygon/ETH‑based tokens)

  2. AI trading bot with 0%‑loss guarantee

  3. Crypto‑backed loans, (even in bot-mode & locked-mode!)

  4. Tax‑optimization dashboards and alerts

• BJC token powers profit‑share and community incentives.

4. Technical Architecture

• Layer‑2: Polygon (Ethereum‑settled) for speed & low cost; EVM‑compatible for future cross‑chain

• Modules: Staking, trading, loans, profit splitting, magic‑lock security

• Security:

  • OpenZeppelin standards

  • Multi‑sig guardians on upgrades

  • Audits by CertiK & PeckShield (top‑2 firms)

  • Bug bounty: $100K on launch

5. Tokenomics & Distribution

Category % of 10 M BJC

Community (staking + Careity) 95% - 50% at launch - 45% via time‑locked emissions.

Liquidity & Burn‑Pool 3% - 1.5% LP funds - 1.5% automated burn

Referral & Bonus Reserve 2% - On‑chain event triggers

No allocation to founders or devs—community first!

6. Community Rewards Model (Careity)

• 50% of net profits → profit pool

  • 70% → direct dividends to stakers

  • 30% → guarantee fund & bonus pool (sourced solely from profit share; never from user principal. Backs the 0%‑loss guarantee and funds additional staking rewards)

• Early‑years foundation: In Years 1–5, we cap token holder and institutional payouts at 50% of calculated Careity yields. Excess profits are reinvested into reserves, insurance pools, and platform R&D—ensuring robust growth without reducing declared user returns.

• Illustrative ROI::** Year 1: 35% | Year 3: ~120% | Year 5: ~278%

7. Reserve Funds & User Safeguards

To ensure user deposits remain safe even under extreme scenarios, unlikely bugs or hacks, BitJim maintains robust reserve funds sized according to projected user growth and potential exploit risk:

• BTC Reserve Fund: 5 BTC initially, scaling up to 50 BTC (backing ~100k users) to cover large‑scale contract or oracle failures.

• Fiat/USDC Reserve: $100K at launch, increasing up to $1 M to absorb margin calls or rapid redemptions.

• Insurance Pool: A dedicated on‑chain insurance pool seeded with 5% of net profits annually, designed to reimburse any user losses from unforeseen smart‑contract vulnerabilities.

All reserves and insurance contributions are managed on‑chain, fully transparent, and can be audited in real‑time via our public dashboards.

8. Team & Advisors

• Core Devs: DeFi architects & Polygon protocol experts

• Advisors: Blockchain security auditors, tax specialists, UX veterans

• Partners: Strategically aligned ecosystem projects, Web3 Giants (details in final version)

9. Security, Audit & Risk

• Audits: CertiK & PeckShield

• Bug Bounty: $100K

• Risks & Mitigations:

  • Contract bugs → audits + bounty

  • Regulatory → counsel in key jurisdictions

  • Market volatility → 0%‑loss guarantee fund

10. Legal & Compliance

• Entity: Wyoming LLC (strong on‑chain transparency & great crypto friendly location as base)

• Token Status: Utility token (non‑security opinion)

• KYC/AML: Minimal for loans; core features remain permissionless

11. Appendix & References

• Contract addresses (testnet & mainnet)

• Glossary (Careity, LTV, APR)

• Detailed ROI math

• Key citations: Bitcoin white paper, Polygon docs, audit standards

“Don’t trust, verify.” - BitJim’s mantra.
“In Code We Trust.”

Roadmap omitted in early draft; to be detailed in v2.0 once timelines firm up.