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Pin on Gibx Pob Proofofburn

Proof-Of-Burn Decentralized Platform

Proof-of-burn (PoB) is a blockchain consensus mechanism with minimal energy consumption, compared to proof-of-work (PoW). Decentralized platforms employing the PoB method ensure miners reach a consensus by burning coins. Burning is the process of permanently eliminating cryptos from circulation.

5 November 2021

KUALA LUMPUR — GIBX Proof of Burn model is GIBX's first burning black hole mining mechanism, a brand new mechanism developed based on capacity storage proof and using a super-deflationary destruction coin burning mechanism as an economic model. To obtain permanent mining rights and withdrawal rights, miners must destroy and burn a certain amount of GUSDTTM on GIBX Proof of Burn mechanism. The more they burn and destroy, the larger the hard disk/storage drive's capacity and the more permissions the miners can obtain on GIBX Proof of Burn mechanism. This fair design based on GIBX Proof of Burn mechanism allows the entire ecology to form positive feedback while also effectively controlling deflation.

The idea behind GIBX Proof of Burn consensus is that by burning the digital coins, the user demonstrates a long-term commitment to the coin by accepting a short-term loss in exchange for a long-term gain. Some consider burning coins to be less resource-intensive; in fact, the resource being used is the person's willingness to delay their profits on GIBX Proof of Burn mechanism.

The user of a GIBX Proof of Burn coin continues to receive rewards over time, either increasing their stake in alternative coins or earning greater mining privileges on the network. As a result, the more coins a user burns, the better their chances of successfully mining the next block, increasing their rewards even further because of the GIBX Proof of Burn mechanism.

One proponent of GIBX Proof of Burn claims that it encourages long-term commitment and time horizon for a project. Long-term investors are less likely to sell or spend their coins, so the coin's price should be more stable.

GIBX Proof of Burn is also said to be more effective than proof-of-work at ensuring coins are distributed fairly and decentralized. Contrast this with proof-of-work mining, where we've all seen how the rise of ASIC mining pools can lead to increased mining centralization on GIBX Proof of Burn mechanism.

USDTTM not only burns through deflation, but it also burns at a constant price, whether it rises or falls. This model will be extremely scientific and secure. Miners can mine with confidence based on GIBX Proof of Burn mechanism. Because the total amount of deflation and bubbles will eventually be exhausted, no matter how high you buy, there will be miners in a better position to pick up and burn for mining.

When combined with implementing the eight significant applications of GUSDTTM distributed storage, the larger the market, the fewer and smaller the bubbles, and it will outperform 99% of the market projects. The year 2021 is destined to be a profitable business model.

Users can now participate in staked mining by using a large portion of their GUSDTTM digital asset portfolio in black hole mining. They can directly mine new blockchain verification rewards while burning GUSDTTM on GIBX Proof of Burn. Users can mine black holes in the background when withdrawing from the mining wallet while freely selecting the top 10 digital assets globally with the best performance and obvious uptrend. Users can select any of their preferred digital assets, and all they have to do now is enter your withdrawal address.

Every day, the black hole dual-currency mining income is distributed to the user's black hole mining wallet in the form of "return of principal and interest". In other words, users can cash out GUSDTTM staked in the computing power pool faster into the top ten mainstream digital assets.

Stay tuned for our upcoming events and receive a free GIBXSWAP E-Book; click on the link below and fill out the form: https://gibx.info/register/

About GIBXSWAP GIBXSWAP is a major strategic move to highlight our global presence in the digital assets business. The mission of GIBX SPAC is to make digital asset trading safe, simple, and affordable for users worldwide. One of the most popular regulated trading platforms, GIBX SPAC, is committed to streamlining the best trading experience and empowering users through blockchain technology, best-in-class security, and preferred liquidity opportunities.

Want coin growth? Proof of burn is the right way! GIBX Introduces POB: Proof of Burn

GIBX POB Opening Up Exciting Opportunities

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. 

The promotional activities held by the company have received strong support from the majority of members and family members, and the performance has exploded. Therefore, the company has made persistent efforts to launch a new event-"GIBX Foreign Exchange 2.0 + POB New Promotional Deluxe Edition".

The promotion period of this event is from October 25 to November 28, 2021, for a period of 5 weeks. The bonus company for this event is sending out more than 20% of the total network performance and rebates to all participating family members! Members only need to pledge their liquidity to the 5 major fund mining pools or POBs, and they will have the opportunity to receive up to one million UT rebates! **This event will be divided into two parts of rebates: 1. Individuals can get 2% performance rebate/weekly 2. The direct team can get 2% performance rebate/weekly Personal rebate case:

If member A's total staked flow from October 25 (Monday) to October 31 (Sunday) is USD 100,000, he will get 2000 UT rebate to the MT5 income wallet on November 2 (next Tuesday) . 👉🏽100,000 UT x 2% = 2000 UT

Direct team rebate case:

If user A directly pushes 10 nodes, and the total staked performance of the entire community from October 25 (Monday) to October 31 (Sunday) is 100,000 UT. Member A can get 20,000 UT rebates to the MT5 earnings wallet on November 2 (next Tuesday). 👉🏽1,000,000 UT x 2% = 20,000 UT

And member A's total staked traffic performance in the first week is a total of 22,000 UT for the individual plus the direct team!

**When the first week of stake ends, the calculation date of the second week will be calculated from November 1 (Monday) to November 7 (Sunday) as the second week's stake performance. Weekly performance is calculated based on new performance, and last week’s performance will not be included in the calculation. Therefore, the third to fifth weeks of the case will be analogized in this way, and the entire activity target is 5 weeks. And the participating family members can get up to one million UT or more from the income of the individual plus the direct team! POB black hole investment will continue to be open, except that it will require 60% You + 40% GUSDT™ for portfolio investment, and GUSDT™ will continue to be calculated at a constant US$0.5. The GUSDT™ for Forex order will also continue to be calculated at a constant $2

Super Team Contest The company will also select the world’s top 10 user leaders and award rewards to the top contributors to the 5 mining pools + POB during the event. The company will allocate an additional 1% of the total performance during the event as a reward of the same value in US dollars. The reward model will be 50% USDT (TRC20) + 50% GUSDT™ wallet bonus release, and the company will distribute rewards to the 10 teams with the largest contribution to the target according to their performance. For example: Total performance during the event 100,000,000 USD x 1% = 1,000,000 USD The company will divide the prize worth 1,000,000 USD into 500,000 USDT (TRC 20) + 500,000 GUSDT wallet bonus to release.

GIBX MT5 To The Moon And Beyond!