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MBTX, MINEDBLOCK SECURITY TOKEN TO SUPPORT USER ADVANTAGES

MBTX, MINEDBLOCK SECURITY TOKEN TO SUPPORT USER ADVANTAGES

MinedBlock is a new breakthrough in acquiring cryptocurrency assets managed through the best system in its class. This platform creates a medium for fans of digital currencies to be able to mine coins and tokens more practically. Users will be provided with better mining facilities compared to other very complex mining. This activity is indeed quite energy intensive. Because the procedure that must be passed by miners to obtain coins or tokens is very complicated. Miners must be able to break the encryption which is the security key of each block that contains digital assets in it. This code-solving solution is not easy because it involves math problems. Therefore, tokens or coins from mining products are very valuable and miners can obtain more than one asset in return for the mine work they have completed.

Tokens are very important things to play in the MinedBlock platform. This is because tokens are involved in most of the processes that occur within the operating system of this platform. The main objective of this platform is also to maximize the use of tokens as mined assets. Therefore, tokens will be discussed further in this article.

MinedBlock applies a system of using 2 digital tokens, namely security tokens and utility tokens. The security token is given the MBTX symbol while the utility token is given the MBTU symbol. As the name implies, MBTX tokens are preferred to support security facilities. This token is a type of Security Token with the PolyMath ST-20 type. The involvement of this token takes place passively, meaning that this token is not used for exchange transaction activities with other types of digital currency. But this does not rule out the possibility that MBTX tokens can be used for trading. What distinguishes it from MBTU tokens is that MBTX token trading can only be done through security token trading exchanges such as Fusang Exchange, which is the first security token exchange in Asia and based in Hong Kong. Because this token has a high level of security, the buyers of this token are limited in number and in circles. The profit promised by this token trade is the acquisition of 75% of profit.

MinedBlock will hold the sale of this security token through the STO or Security Token Offering period. From the offer of tokens by a number of people, users will get a portion of the profit. PolyMath which is the creator of this security token is a platform that is run with the Ethereum network system. This platform is specifically functioned to support the distribution of security tokens with procedures that are safe and in accordance with the rules. Users who want to join the STO period will be required to fulfill special requirements, especially for investors. MinedBlock implements a whitelist system in purchasing tokens so that each prospective buyer must be registered first in the whitelist. Minedblock Whitelist applies KYC provisions in the registration process.

PolyMath ST-20 security tokens rely on full KYC provisions so that they can be released in the form of a mid-level security system in the blockchain Ethereum. The function of this security token can be said to be a unit that simplifies the process of distributing monthly income for MinedBlock and token holders that have been clearly identified so that this platform does not apply the requirements to skip the registration procedure and bypass KYC verification. The MBTX Token is not determined by the maximum amount of distribution. MinedStone will provide improved services along with the increasing number of tokens distributed through sales.

However, the distribution of these tokens will be divided into 2 groups, namely for the founder or founder of the platform and for sale. Most of the MBTX tokens provided will be used for trading transactions, which are 95% of the total number of tokens. While the remaining 5% will belong to the founder of MinedBlock. In accordance with the stipulated conditions, the tokens distributed to the founders will be temporarily locked until January 1, 2020. This means that new tokens can be distributed after that date. Buyers who are investors from the United States are given additional requirements to be able to join in the period of selling security tokens. In addition to having to be registered in a whitelist and go through KYC procedures, US investors must have good accreditation. Each transaction will involve a smart contract system that is only available to users who are already registered in the whitelist.
MinedBlock provides STO periods as another method to obtain tokens other than through mining. MBTX tokens are only valid in the purchase process, but for the mining process, MinedBlock provides other types of tokens with a high market capitalization rate in cryptocurrency trading.

Reference

Web: https://www.minedblock.io/
Twitter: https://twitter.com/mined_block

Facebook:https://www.facebook.com/MinedBlock/ 
Reddit: https://www.reddit.com/r/MinedBlock
Telegram: https://t.me/minedblockofficial

Bounty0x user: fatmaloka

ETH: 0x337dec29bea29859be3088b58854a909a551cab6

“This article was created in exchange for a potential token reward through Bounty0x.”

Published at Sat, 04 May 2019 03:32:43 +0000

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