COINBIGPlatform currency，Innovative“Trans-Fee Mining”
What is CB Token?
Rights for CB holders
How to get CB
What is CB Token?
CB is the platform token of COINBIG exchange. We have adopted an innovative “Trans-fee Mining” Model mechanism, which rebates user's transaction fees at 100% in the form of CB tokens. It is also essential and fundamental to the community governance of our platform.
The total supply of issued CB tokens is set to 10 billion and will never be increased.On a daily basis, COINBIG will distribute to the holders of CB tokens, 80% of the revenue acumulated from trading fees. In addition, CB token holders share multiple rights such as election decisions and community governance.
ALLOCATION of CB Tokens
"COINBIG was built in 2016 and is an innovative "community eco-autonomous digital asset trading platform" for global digital currency enthusiasts. We are the core believers of the devout bitcoin and blockchain, the core members of the team. The top elite team consisting of world-renowned companies, technology finance and blockchain community operations, and former OKcoin founding members joined forces. Recently acquired, encryption vision, Blackpool Group and Zhao Dong, Sun Yuze and other famous institutions and industries Big tens of millions of angels invest.
Token will become the basic element of the future digital economy era. CB on behalf of the COINBIG community rights, is the foundation of community governance.
COINBIG community members will have several rights by consuming CB. CB holders can participate in Global Partner election and decision-making on major business matters.
COINBIG exchange’s revenue will be distributed to CB holders at a fixed proportion. Initial distribution proportion: 80% for CB holders, and 20% for COINBIG development and operation.
Community members of COINBIG can participate in Global Partner election and decision-making on major business matters. Moreover, CB holders have the rights to conduct due diligence and transparency on COINBIG exchange.
We operate using the mechanism of “Trans-Mining synchronous release” to complete the issuing of CB tokens. From the total supply of the CB tokens, 51% (5.1 Billion) will be rewarded to the comunnity through the main model of “Transaction Mining”.
"Transaction mining | Trade mining" refers to the direct conversion of trading fees at the time of order executed, into USDT and then directly converted into equivalent CB tokens as rebate, according to the current USDT/CB price.
The total amount of "trade mining returns" is 5.1 billion (Which is 51% of the supply), through the trade mining model this amount will be released, then will be regarded as the end of “trade mining”.
Revenue distribution via staking CB
According to the circulating supply of CB and stake of each users. CB holders will be rewarded according to their stake of CBs during snapshot period. Rewards will be issued in each trading pairs and each reward cycle is 1 calendar day.
The total of amount of mining pool available for invitation mining is 5.1 Billion CB Tokens. If “Trade mining” was released it means that the “Invitation mining” has ended, thus the fund pool of “invitation mining” will switch to that of “trade mining”, so the output of “trade mining” is changed to 20% for the user transaction fee that is converted to CB tokens and continues to be rebated to the user.