From our white paper, we stated that those holding a certain amount of BINs will be entitled to a dividend. Paying dividend have taken a bad turn on so many projects as the SEC have classified them as SECURITIES. These may not have implicit consequences now, but in the future, such project will definitely account and defend itself in the court of law.
With respect to these foreseeable problems that may rise, we are calling off the dividend payment for those holding BINs and presenting a better model to reward HODLERS. This measure is considered noteworthy after some legal consultation.
INTRODUCING THE BLOCK REWARD AND MINTING MODEL.
These model will allow BINs holders to be minting BIB Blocks through our BFS module.
We have created a new Coin Called Bitbegin Coin (BIB) to compliment BINs.
• BIB will now be the officially accepted payment token on our exchange.
• BIB will also be used for Block Reward that will last for One Decade (10 years.)
• All transaction fees, starting from listing fees, withdrawal fees, trading fee, and more will all be paid with BIB.
• The bitsense token will be used by investors to make a long-term commitment to the Bitsense platform.
• Those who have Held above 5000 BINs will be airdropped as a way of compensating them for their support
The benefit of Holding BINs
1. Power to mint up to 25,000 BIB daily (depending on the activeness of your account )
2. Power to mine a block of Bitbegin Token anytime you help bitbegin exchange process of Deposit and withdrawals.
3. Get free airdrops from all new tokens listed on our exchange
4. Higher Voting Power to determine the project that would be listed on the bitbegin exchange
5. Get 50% profit share of Ads Network(https://bitsense.biz)
-What is Bitsense Liquidity Pool-
The Bitsense liquidity pool is a way of creating a long-term partnership with investors. This partnership will allow traders/investors to lend a certain amount of their Bitsense token to the exchange in order to help keep the exchange running smoothly. These in return will earn them daily interest on the profits made by the exchange through the use of the liquidity funds. The interest will be paid in any cryptocurrency the exchange has in excess at the end of each day. All loaned amount contributed to the liquidity pool will be risk-free for investors. There will be no loss of funds. All losses will be covered by the exchange.