Say Hi to ProBit: The new Digital Currency Exchange — Part 4
ProBit Exchange is built to be the most professional, global and secure marketplace for digital assets.In this part, let’s take a look at PROB Token and various aspects behind it.
PROB (The Token)
Similar to all other exchange tokens, PROB is the utility token issued by ProBit Exchange. PROB will be an ERC-20 token running on Ethereum blockchain with a fixed supply of 200,000,000.
Offered Benefits
PROB will serve as the backbone for the ProBit ecosystem. Let’s take a look at various benefits a customer can get buying/holding the token
Trading Discount
The primary usage of PROB is to pay for fees on the ProBit exchange. The % discount will be decided based on the membership level. The cuts will range from 10% to 50% as your holding increases (The more you hold, The better you will be receiving discounts).
Referral Bonus.
Irrespective of the market conditions any smart trader can make money with the help of referrals. The more people you refer to the platform, the more income you can make. You can easily earn 10% to 50% of referee trading fees which will help you to gain a steady income in a bear/ bull market
Trade Mining
Trade mining is an innovative distribution model via which PROB token will be distributed to traders based on their trading volume. As per this model, qualified transactions at ProBit will be eligible to receive PROB worth 80% of the trading fee will be mined and issued to the trader as a reward. This will effectively allow traders to have zero-fee trades effectively.
Tokenomics
Tokens will be issued and allocated as per the table is given above. Majority of PROB tokens are awarded for trade mining and will end with 50% of all ProBit tokens have been mined.
The Future
In future, as the exchange grows ProBit will buying back 50% of the tokens ( 100,000,000 PROB) from the market. For this, 20% of the generated profit will be used. All the BUY-BACK tokens will be placed in a reserve, which will function as an insurance fund to be used to support any unseen incidents like a hack or loss of funds.
Token Sales
ProBit is currently in the Public Sale phase. You can be part of the event by registering at www.probit.com.To try a demo of the interface, please visit demo.probit.comIf you don’t have a ProBit account, You can sign-up using this link here !!!For more details, you can visit.
- Website: www.probit.com.
- Twitter: https://twitter.com/ProBit_Exchange
- Telegram: https://t.me/ProbitEnglish
Disclaimer: This article is not intended as investment advice. It is just my opinion about ProBit Exchange. As always DYOR.