All projects that are part of the EurBit ecosystem are required to sell, buy, accept payment for goods and services, or otherwise use our tokens only at the internal non-volatile rate. Thus, the mining (emission) of our tokens will also be carried out at the internal rate, but miners will receive additional 5% of the tokens from the joining projects as a gift. Additional advantages of obtaining EurBit tokens through mining are complete anonymity, the absence of commissions and the opportunity to participate in the development of the ecosystem by choosing a joining project. After some time from the start of the project and the start of mining, there will be available two more ways to become the happy owners of our tokens. The second way to get EurBit tokens is to buy them on the internal ecosystem exchanger called the EurBit Exchange (localeurbit.com). This is a P2P service with the help of which you can anonymously, safely, without commissions and with a free escrow agent exchange (buy / sell) EurBit tokens for fiat currencies from all over the world at the ecosystem’s internal rate. The third way to get EurBit tokens is to buy them on the external cryptocurrency exchanges. This can be done at a volatile external rate, with transaction fees and with fees for depositing and withdrawing money from the exchange. Most often, it can be done only through KYC and AML procedures, which means users will lose the anonymity, will not receive a 5% bonus, and they will not be able to participate in the development of the ecosystem.
Each potential user of the EurBit ecosystem and its tokens has the right to choose any of these three methods of obtaining tokens, which he considers the most convenient and profitable for himself. There are three important conclusions from this freedom of choice, as well as from the advantages and disadvantages of each of the three methods:
- The EurBit tokens can and will move freely from the ecosystem to external exchanges and back in search of the greatest benefits for users. Most often, such movements of tokens will be the result of fluctuations in the external volatility rate. They will dampen these fluctuations in the exchange rate, reduce its volatility, and bring the difference between the internal and external rates closer to a constant at which both mining and buying of the EurBit tokens on exchanges will be equally beneficial. We do not have accurate data of the percentage of such crypto enthusiasts for whom anonymity is fundamentally important, so practice will give a more accurate assessment. We have a rough and preliminary estimate, which states that the equal profitability of mining and buying our tokens on an external exchange is achieved with an external rate equal to the internal rate minus 6.5%.
- We expect that the external exchange volatile rate of the EurBit token will fluctuate between the internal rate minus 8% and the internal rate minus 5%. The higher the external exchange rate relative to the value “internal rate minus 6.5%”, the less profitable will be the purchase of our token on the exchange and the more profitable will be mining. On the contrary, the lower the external rate relative to the value “internal rate minus 6.5%”, the less profitable will be the mining and the more profitable will be the purchase of the EurBit token on the external exchange. We are sure that there will be many people who want to earn money by arbitration. We urge everyone to do this, and do it not only on the difference between the rates on different external exchanges, but on the difference between the internal and external rates. Probably, some commercial projects from our ecosystem will earn extra tokens by the arbitrage on the difference between the internal and external rates.
- The difference between the internal and external rates of the EurBit token will be the most reliable decentralized self-regulator of its emission rate. The difference between the rates makes mining sometimes more and sometimes less profitable. This means that it can both increase the emission rate, and reduce it, or even completely stop it. The influence on the emission rate of factors such as the availability of promising projects wishing to join the ecosystem, and the general demand for EurBit tokens, is obvious to everyone and does not require special discussion.
Although we create our utility token exclusively for use within the ecosystem, but playing it on external exchanges will also be beneficial. It will be so especially for beginners and inexperienced speculators, because it will be almost impossible to get a loss from trading the EurBit token. Inside the ecosystem our token will be always (almost) stable, it will not fall at all, but it will be able to grow sometimes. The stock exchange volatile rate, unlike the internal non-volatile one, will not be able to do without reductions. Nevertheless, these reductions will be micro-declines with a quick return, as the stabletokens have. However, unlike stabletokens, our token can grow significantly at times when bitcoin begins to strive for its highs. Then bitcoin will fall again, but our token will remain at the top, at a new maximum level and it will again turn into a stabletoken. It is a pleasure to use a token with such unique consumer properties that neither fiat currencies nor other cryptocurrencies have. It is a pleasure to use them either inside the ecosystem or outside it, including exchanges. Due to the priority use of the internal exchanger and the internal non-volatility rate, we are not interested in listing on external crypto exchanges and speculative volatility rate. It means that we will not pay for the listing. But we are interested in advertising of our token and our ecosystem among crypto enthusiasts, which exchanges could hold among their users and for which we are ready to pay exchanges. Such listing is very beneficial primarily to the exchanges themselves, because you, but not us, will earn on the trade of our unique token.
How do we imagine cooperation with exchanges?
- You advertise our unique token and our ecosystem among your users and collect bitcoins or ethereum (only these cryptocurrencies) from those who want to trade our tokens on your exchange. Tokens are sold at the ecosystem’s internal rate, which depends on the mathematical function of MAX (BTC). There are no restrictions on the number of purchased tokens.
- You send the collected bitcoins and ethereum to our smart contract, which burns them and emits EurBit tokens using the Proof-of-Burn method.
- Your users receive purchased EurBit tokens with a bonus, the size of which we are ready to discuss. The exchange also receives its advertising fee and conducts a listing of our tokens in any trading pairs at its discretion.
- The exchange fee is paid only in EurBit tokens and directly depends on the collected amount. Prepayment, pre-fixed amount of the fee, other currencies of the fee are not subjects to discussion. The first 10 exchanges that advertise and take our tokens for the listing will receive a fee of 10% of the collected amount. The next 10 exchanges will receive 9% of the collected amount. The next 10 ones will receive 8% and so on. The fee will gradually decrease to zero. The faster you make a decision about cooperation with our global infinitely expanding ecosystem, the faster you take our unique token (which is superior in its properties of all fiat and cryptocurrencies) on the listing, the more you earn. Do not miss the chance to receive your profit.
You are welcome to write us for the discussion of any details of a possible cooperation.
