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<strong>Is XBIT Utility Crypto Coin Representative Revenue Share of Xbit Gaming Platform?</strong>
What is the network algorithm of XBIT Utility Crypto Coin? It uses SHA - 256.
How much time is between two blocks in the XBIT Utility Crypto Coin network? 30 seconds.
All the coins of the Xbit Blockchain are mined in the first 100 blocks. And the coins can be used after the first 100 blocks. The network of this coin is only used for the official mining pool, which is known as a trusted miner in the system. After block number 100, no reward is given from the newly mined coins, however, the reward of miners is given from the fee of transactions. The official mining pool only accepts those miners who have at least 10 million Xbit Coins in the wallet that receives the reward. The miners also need to be verified. The main application is to manage the reward chain of a specific activity in the online game industry.
What are the features of Xbit Gaming Platform?
---XBIT Lottery---
---XBIT NFT Crypto war Game ---
---XBIT Casino Gameing Platform---
The proceeds from the sale of the coins are invested in developing and improving an online gaming service called Xbit Gaming Platform. All the proceeds coming from this service will be distributed according to the previously mentioned method.
All the cost and expenses of this business including current expenses, personnel, etc. are covered by the revenues from the online gaming services.
How is the coin distribution structure of XBIT Utility Crypto Coin? XBT coins are known as representative revenue shares of casino Xbit. The annual profit will be divided by the 800 million coins (including 400 million coins of early investors and 400 million coins offered to ordinary buyers – see section 2 for more info).
So, in general and simply put, anyone who has these coins will receive benefit and interest from the casino, through the coins as representatives of revenue shares.
Xbit is a coin that creates wealth and value, and the coin owners benefit from this generation of wealth.
Also, the project operators use this revenue to develop and improve the project.
Given that the starting price of these coins is very low, especially during the early stages, and also given the fact that its technical basis and value are so much more than its initial price, therefore it can have great and considerable growth.
It needs to be mentioned that users can use Xbit to play games and make deposits at the online Xbit casino, and also, they can use this coin as a financial tool to transfer money.
Technical Aspects of Xbit
In this section, we will go through the technical details of the Xbit coin to find out exactly what Xbit is and what its technical merits are.
Xbit, with the exclusive code coin of XBT, is a coin that has been developed based on the SHA-256 algorithm, which is the same algorithm that has been used in the development of another major cryptocurrency; Bitcoin.
The latest version of the source code has been used to design and develop the Blockchain network of Xbit.
However, this coin has its own completely independent and exclusive Blockchain network. So, unlike other coins that are built based on other Blockchain networks, Xbit is a fully independent coin with its own Blockchain.
The total cap of Xbit is 1 billion coins, which have all been pre-mined. One billion coins are created in this network, and they are distributed as follows:
400 million coins are provided to early investors who established the casino and the development team. With their investment, this whole operation, project, and casino have been established.
400 million coins are offered to ordinary buyers. The rest of the 200 million coins are provided to the business operators.Counos Mobile Wallet
[Counos Wallet] is an app for mobile phones which enables you to address sending and receiving cryptocurrencies (Counos X, Bitcoin, Litecoin, Ethereum, Tether and many others) simply and securely. Of course, this mobile crypto wallet also supports Xbit Coin.
Counos Mobile Wallet offers both Android and iOS versions. It has many features that are unique for this wallet, including PIN code, email transactions, invoice requests, etc.
Counos Web WalletCounos Web Wallet is an online crypto wallet offered by Counos Platform. Using Counos Web Wallet, users will be able to create cryptocurrency wallets for themselves anytime and also be able to send, receive, and store cryptocurrencies.
[Counos Web Wallet] is completely decentralized and private keys are held only by users themselves. No information is stored on any server, making this system the web wallet of choice for privacy and security. A fully decentralized web wallet means more safety and freedom for users who are concerned about their privacy and the safety of their online assets.
A variety of different cryptocurrencies are supported by this web wallet, including Xbit Coin.
Counos Paper Wallet
Counos paper wallets have both high efficiency and security. Counos Wallet Generator, which is a formal document comprised of your public and private keys which refers to software used to create private and public keys.
Using paper wallets is comfortable and Counos paper wallet supports more than 200 cryptocurrencies, which of course includes Xbit Coin.
Now you know how to purchase Xbit Coins and which wallet to use in order to store, send, and receive them. Build your future now as Xbit is building the future of online gaming.
Who operates Xbit Platform? It is operated by Bit Gaming LLC, which is registered in The St Vincent and has a gaming license and all rights to operate the gaming software. The site does not encourage or condone any form of substance abuse.
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