Introduction to the PROB - PROBIT Token
Greetings to all my dear friends. I continue to acquaint you with the project ProBit and in this article I will tell you about the token PROB, which is a utility token native to ProBit Exchange. So let's start:
PROB - PROBIT Token
PROB is a utility token native to ProBit Exchange. PROB provides benefits for traders including discounts and rights on the platform.
The main utility provided by PROB will be trading fee discounts, with the exact discount rate being determined by the user’s membership level according to the breakdown below.
TRADING FEE DISCOUNT
Users are eligible to get trading fee discount upon payment of the trading fee using PROB. The percentage of trading fee discount users will receive depends on the status of their membership, which is determined by the user’s PROB holding.
However, apart from that there are several other advantages that give samples to PROB holders.
1. Early access to new functions.
2. The opportunity to vote for the listing of new projects on the platform
If a user has a Premium membership levels he gets the opportunity to vote for the listing on the platform for new projects.
3. Increased Referral bonus
The amount of the bonus will depend on the number of PROB on your deposit. If the number of PROB is less than 500, you will receive a referral bonus of 10% of the transaction fee. If the number of PROB on your deposit is greater than 500, you will receive a referral bonus of 20-50% of the transaction fee.
20,000,000 ProBit Tokens were allotted for the private sale, pre-sale & IEO events.
After the launch of ProBit Exchange, PROB will enter the Trade Mining period. This means that for all qualifying transactions (transactions where the fee is not paid with PROB), an amount of PROB equal to 80% of the trading fee will be mined and issued to the trader as a bonus for using ProBit. This will continue until 100,000,000 PROB have been mined, exactly half of the total token supply of 200 million.
In addition, Probit will implement the PROB redemption program after launching the platform. 20% of the exchange profit will be used to redeem tokens on the stock exchange, which will be retained as insurance and removed from circulation.
The buyback will continue until 50% of the total number of PROB will pass through the program.
The token ProBit has a great potential of price growth that will allow to get profit to investors. Important role in this is played by the fact that 20% of the profit of Probit Exchange will be directed to the redemption of PROB and that the sample was not distributed either in the bounty or in the Airdrop.
ProBit Token (PROB) Main-Sale:
ProBit Exchange always strives to break the industry norm and now we did it again by having a ONE-DAY SALE! ProBit Tokens (PROB) will be available for purchase for a limited time from 03PM of Dec. 11 to 3:00 PM of Dec. 12 UTC. Learn more about PROB at https://www.probit.com/
Originally published at medium.com on November 14, 2018.