Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: shadow.bishop on May 06, 2019, 06:26:57 PM
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PrixBit will crash common exchange tradition.
If i say with their word; "We are here to rewrite the history of all cryptocurrency exchanges where all our participants can benefit from our more advanced mining formula and sharing economy based on our policy"
They can achieve their subject, let me try to explain;
The mining exchange has paid traders with exchange tokens as compensation for trading activities in order to activate trading. PrixBit also has a corresponding mining model in place and has applied the incentive mining model at the same time.
The core of incentive mining
- 105% of the fee paid is refunded in base currency
- PRX, paid for trading fee, will be burnt
- 70% reduction in transaction fee with PRX as commission
(http://i65.tinypic.com/v8eknn.png)
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PrixBit a stock market in South Korea. Prixbit token symbol PRX. As far as I know they're interested in mining. I have to say it is a new stock market yet.
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Incentive mining? That sounds interesting. But i will research that can be good idea
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I remember, most exchange were trade mining in time. We saw that the exchanges were evaluated by their coins. It's like the BNB coin of Binance. However, I resarched the PrixBit exchange. Koreans seem to be experts on the stock market. Unlike Catex's trade mining and the other trade mining I see, PrixBit is not only giving its own coins, PRX, but the fact that BTC and ETH have been trade mining for the first time. When I was researching, I saw that there was a $ 400,000 trade contest.
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They have also $500000 trading competition. Also, any Korean excahnge looks good :)
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Yes, i think most Korean exchanges look ok but most of them also requires KYC before trading, a development that may slow increase trading activities. This just in my opinion.