Dear members, we are currently launching the GUSDT 3 major policies in order to enhance the value and sustainability of the platform currency. Our third policy is the new black hole burning proof POB (Proof of Burn) dual currency coinburn mining. Today I will be focusing on this topic.
‘Proof of Burn’ is a brand-new cryptocurrency investment method. In fact, it is to burn one currency to obtain another new currency. This will make the value of the new cryptocurrency equal to the value of the burnt currency. Everyone knows that if the supply exceeds the demand, the price of the currency will depreciate, so when you acquire a new currency, you need to burn the old currency to achieve market balance.
Although we talk about coin burn, but in actual fact, cryptocurrency cannot be burned/destroyed. It is actually sent to a black hole, a place that would reduce its total supply. If money is sent to the black hole, it will never be able to flow back into the market again, which is equal to permanent removal.
This time we will burn GUSDT at a ratio of 1:1. POB proves deflationary mining output.
The 1 billion Ethereum ERC 20 version of GUSDT currently circulating in the market can produce the top 10 global mainstream digital currencies you want through dual currency coin burning mechanism and stake mining! Including: Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Binance Coin (BNB), Ripple (XRP), Dogecoin (DOGE), Polkacoin (DOT), SOL (Solana) UNI (UNISWAP) and so on.
Through black hole mining, users can participate in staking mining with a high proportion of GUSDT™ combination, and while burning GUSDT™, they can directly mine new blockchain verification rewards. Users can freely choose when to withdraw money from the black hole mining wallet in the system. This is the world's top 10 digital currencies with the best performance and obvious upward trend! Just fill in your personal withdrawal address!
With the expansion of the GUSDT ecological layout, in order to allow GUSDT users to share the benefits of future sustainable development, the company decided to recover and burn the GUSDT circulating in the market. At present, the total market circulation of GUSDT is 1 billion. The total amount of coin burning planned for this time is 200 million, which accounts for 20% of the total market circulation. After the coin burn, the GUSDT will never be reissued. The coin burning event was held on September 16. Which already finished a few days ago. Coin holders will be able to enjoy the increase in value brought about by the reduction in total circulation.
In addition, in order to cope with the subsequent expansion to major blockchains and to cater to the subsequent launch of CEX and DEX, GUSDT will soon be issued on the Binance Smart Chain and Huobi Ecological Chain to ensure that all users can access each of the major block chain to conduct transactions to guide the future value and nature of GUSDT. As of August 2, 2021, GUSDT has issued 100,000,000 GUSDT in Binance Smart Chain and Huobi Ecological Chain, for a total of 200,000,000 GUSDT. At the same time, the equivalent of 200,000,000 coins will be burnt one-to-one in the Ethereum block before September 16 to ensure that the circulation of GUSDT will never be issued and to protect the interests of currency holders.
Here I also want to tell you about our black hole dual currency coinburn mining. It will be launched on September 15. And it is a contract procurement method.
Members can purchase 50% USDT + 50% GUSDT contracts, subject to market prices. The minimum purchase amount for each contract is $1,000, and unlimited purchases are allowed. Moreover, members can choose to stake for 30 days, 60 days or 90 days. Stake for 30 days, and you will get 12% APY. Staking for 60 days will give you 18% APY. Staking for 90 days will get you 24% APY. Capital and interest are returned every day.
Here I will give three examples of contract revenue.
The first example. The member stakes 1,000 USD for 30 days, and the daily interest is 0.0328%. The calculation of daily capital interest is 0.0328% * 30 days = 0.984%. 1,000 USD * 0.948% = 9.84. Then take the contract amount 1,000+9.84= 1,009.84. 1,009.84 USD/30 days, the profit for one day is 33.66 USD.
The second example. The member pledges 1,000 USD for 60 days, and the daily interest is 0.0493%. The calculation of daily capital interest is 0.0493% * 60 days = 2.958%. 1,000* 2.958% = 29.58. Then take the contract amount 1,000+29.58= 1,029.58. 1,029.58 USD / 60 days, the profit for one day is 17.16 USD.
The third example. The member stakes 1,000 USD for 90 days, and the daily interest is 0.0657%. The daily capital interest is 0.0657% * 90 days = 5.913%. 1,000* 5.913% = 59.13. Then take the contract amount 1,000+59.13 = 1,059.13. 1,059.13 USD/90 days, the profit for one day is 11.77 USD.
It's that simple. At the same time, there will be personal POB rebates every week. Members enjoy 1%, and global partners enjoy 3%. So, how do we calculate it? For example, the total average weekly liquidity of GUSDT/USDT in the POB pool is 1,000,000. If user A stakes $1,000 in the pool, the user will be responsible for 0.1% of the total liquidity in the POB pool. User A will get 1% of the investment rebate in the entire POB pool. If the GUSDT/USDT pairing in the POB mining pool invests an average of 1 million per week, the membership fee will be refunded to 10,000, which is calculated as 1% of the mining pool. User A will get 10,000 x 0.1% = 10 USD/week in rebates.
In addition to individual POB rebates, there are weekly team direct referral rebates. Members enjoy 1%, and global partners enjoy 3%. Compression applies to the team's direct referral rebate. For example, user A has direct referrals composed of 10 miners, and the total amount of GUSDT/ USDT equivalent to 10,000 US dollars is staked in the POB mining pool. The total average weekly liquidity of GUSDT/USDT in the POB pool is 1,000,000. User A accounts for 1% of the total contribution amount in the entire POB pool. User A will get 1% of the membership fee rebates in the entire POB pool. The total investment rebate is 10,000, based on the POB mining pool rebate of 1%. User A’s direct referral team will get 10,000 x 1% = 100 USD/week in fee refund.
In addition, we have added a new wallet called POB income wallet. This wallet will create a new wallet called POB Income Wallet in 2.0. By then, all contract investment returns will be allocated to the POB Income wallet. The wallet value will be displayed in U.S. dollars, as well as the income records of all contracts. The user is allowed to withdraw money from this wallet but is not allowed to transfer.
It takes two days for the withdrawal to be successfully received. The minimum withdrawal amount is $50 per cryptocurrency, and there is no limit to the maximum withdrawal amount. However, there are withdrawal fees for withdrawals, and withdrawal fees for different cryptocurrency types are also different. Then users can choose the currencies they want to receive, including BTC, ETH, USDC, BNB, USDT, UNI.
Dear family members, after the launch of the GIBXChange.io, coupled with a series of new application scenarios in the GIBX ecosystem, as well as the recently launched ‘OC crypto option contract insurance pool mechanism’, I believe it will greatly increase the value of GUSDT.
The huge diversity of application scenarios in the ecosystem and the global destruction mechanism increase the scarcity of GUSDT™, and the currency price will continue to rise because of the following points.
Firstly, lock-up and protection, with a total circulation of 1 billion pieces. Currently, only 35% of the global circulation is available. Platform protection funds are greater than working capital, and the currency price is stable.
Secondly, the current tokens are scattered. As long as the coinburn mechanism is launched, the circulation restriction of up to 40% per person will be implemented, and the selling pressure will become lower.
Thirdly, after the OC crypto option insurance currency staking and contract options are launched, the community can expect 2 million people to place orders, and each 1,000 staked insurance will require 200 million GUSDT. The circulation is small while the demand is huge, and the value is inherent. It will automatically become stronger and bigger.
Fourth, in the future, new projects must use 50% of the currency for listing fees on our platform to improve the revenue ecology of more GUSDT™.
Fifth, it has its own traffic, millions of active fans in the community, nearly 500,000 daily active users, and more than 2 million registered exchanges on our exchange.
Lastly, there are many infamous and popular VIPs helping out, and major media announcement to attract more traffic and players to our exchange.
