this is what i get from GCOX website XD hope can help u guys
The idea of Proof of Trade was conceptualised from a rebate model to reward usersfortrading
on the GCOX platform. The Applause Tokens (APL) are the gas tokens that control the
utilisation of GCOX platform resources and are required in order to transact on the Acclaim
Blockchain. With a totalsupply of 1 Billion APL tokens, 200 Million (20%) are pre-mined during
the Genesis block and the remaining 80% will be trade-mined. The Proof-of-Trade utilises
trade-mining to allow traders and users on GCOX’s decentralised exchange (DEX) to be
rewarded for trading activities on the DEX.
Trade-Mining is an innovative concept that allow users of the DEX to “trade-mine” and be
rewarded for using the DEX based on their trading value. This mechanism is structured to
incentivise the traders on the DEX and also to be involved in part of the generation process of
the remaining APL tokens. This block reward for trade-mining will also present itself as a form
of rebate.
The Proof-of-Trade will provide a mining mechanism in the GCOX ecosystem to facilitate the
release of the remaining APL supply while incentivising usersto trade on the DEX by rewarding
them in proportion to their trading value. The more you trade-mine, the more you are
rewarded.
i think its work, i get some detail from GCOX website..maybe u can have a look :)
The idea of Proof of Trade was conceptualised from a rebate model to reward usersfortrading
on the GCOX platform. The Applause Tokens (APL) are the gas tokens that control the
utilisation of GCOX platform resources and are required in order to transact on the Acclaim
Blockchain. With a totalsupply of 1 Billion APL tokens, 200 Million (20%) are pre-mined during
the Genesis block and the remaining 80% will be trade-mined. The Proof-of-Trade utilises
trade-mining to allow traders and users on GCOX’s decentralised exchange (DEX) to be
rewarded for trading activities on the DEX.
Trade-Mining is an innovative concept that allow users of the DEX to “trade-mine” and be
rewarded for using the DEX based on their trading value. This mechanism is structured to
incentivise the traders on the DEX and also to be involved in part of the generation process of
the remaining APL tokens. This block reward for trade-mining will also present itself as a form
of rebate.
The Proof-of-Trade will provide a mining mechanism in the GCOX ecosystem to facilitate the
release of the remaining APL supply while incentivising usersto trade on the DEX by rewarding
them in proportion to their trading value. The more you trade-mine, the more you are
rewarded.
well proof of stack means you got more you get more
so basically you trade more and you will get more
am i correct ?
Cheers...you are right...good explain...
Just using my common sense though lol,but i never heard anything goes with proof of trade.That's something new
yes, this is totally new for me XD
i guess gcox truly something we could state as game breaker in crypto world
lol..agree with u XD
this is what i get from GCOX website XD hope can help u guys
The idea of Proof of Trade was conceptualised from a rebate model to reward usersfortrading
on the GCOX platform. The Applause Tokens (APL) are the gas tokens that control the
utilisation of GCOX platform resources and are required in order to transact on the Acclaim
Blockchain. With a totalsupply of 1 Billion APL tokens, 200 Million (20%) are pre-mined during
the Genesis block and the remaining 80% will be trade-mined. The Proof-of-Trade utilises
trade-mining to allow traders and users on GCOX’s decentralised exchange (DEX) to be
rewarded for trading activities on the DEX.
Trade-Mining is an innovative concept that allow users of the DEX to “trade-mine” and be
rewarded for using the DEX based on their trading value. This mechanism is structured to
incentivise the traders on the DEX and also to be involved in part of the generation process of
the remaining APL tokens. This block reward for trade-mining will also present itself as a form
of rebate.
The Proof-of-Trade will provide a mining mechanism in the GCOX ecosystem to facilitate the
release of the remaining APL supply while incentivising usersto trade on the DEX by rewarding
them in proportion to their trading value. The more you trade-mine, the more you are
rewarded.
thank you for sharing the info
Lol im an acm invester but i never knew this is their system
that means it will big benefit for full time trade than?
trading is the most profitable deal :) is good for investor
so how does this proof of trade works?
can you give an example for the payout?
i just do some research on it, roof of trade means that you'll earn more only if you trade more :)
OK ,thanks
Thanks for sharing...
interesting way
so don't just keep hodl..lets trade XD LOL
so what is the rewards for the trade of proof?
i just do some research on it, roof of trade means that you'll earn more only if you trade more :)
yeah i mean what more to earn if i trade more
how does this proof of trade really works?
yeah ,and which platform or trading projects using this ?im curious about this,its quite fresh
i think its work, i get some detail from GCOX website..maybe u can have a look :)
The idea of Proof of Trade was conceptualised from a rebate model to reward usersfortrading
on the GCOX platform. The Applause Tokens (APL) are the gas tokens that control the
utilisation of GCOX platform resources and are required in order to transact on the Acclaim
Blockchain. With a totalsupply of 1 Billion APL tokens, 200 Million (20%) are pre-mined during
the Genesis block and the remaining 80% will be trade-mined. The Proof-of-Trade utilises
trade-mining to allow traders and users on GCOX’s decentralised exchange (DEX) to be
rewarded for trading activities on the DEX.
Trade-Mining is an innovative concept that allow users of the DEX to “trade-mine” and be
rewarded for using the DEX based on their trading value. This mechanism is structured to
incentivise the traders on the DEX and also to be involved in part of the generation process of
the remaining APL tokens. This block reward for trade-mining will also present itself as a form
of rebate.
The Proof-of-Trade will provide a mining mechanism in the GCOX ecosystem to facilitate the
release of the remaining APL supply while incentivising usersto trade on the DEX by rewarding
them in proportion to their trading value. The more you trade-mine, the more you are
rewarded.
well explaination and very details, thank you so much for the sharing
No problem :) follow me if u like my post
Nice. I already follow your...
in fact binance also using the same concept.
isnt they are using proof of stack?