Coin Structure And Mining
All the coins of the Xbit Blockchain are mined in the first 100 blocks. And the coins can be used after the first 100 blocks. The network of this coin is only used for the official mining pool, which is known as a trusted miner in the system. After block number 100, no reward is given from the newly mined coins, however, the reward of miners is given from the fee of
transactions. The official mining pool only accepts those miners who have at least 10 million Xbit Coins in the wallet that receives the reward. The miners also need to be verified. Main application is to manage the reward chain of a specific activity in the online game industry.
Coin Distribution Structure
stake their coins
Revenue At The End of The Year
Burning coins
Xbit Gaming Platform
The proceeds from sale of the coins are invested in developing and improving an online gaming service called Xbit Gaming Platform . All the proceeds coming from this service will be distributed according to the previously mentioned method.
All the cost and expenses of this business including current expenses, personnel, etc. are covered by the revenues from the online gaming services.
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