ProBit Exchange to launch beta testing period for upcoming trade mining feature that will provide transaction-fee free trading
The beta testing session will feature trading pair BTC/USDT
ProBit Exchange has been amassing an impressive arsenal during just 6 months since its launch. Their diverse repertoire features over 30 IEO campaigns being run with multiple sellouts, nearly 70 coins with unique listing events such as trading competitions to promote trade and provide user airdrops, and even a referral program to encourage new participants.
Now, they have made a major announcement regarding the upcoming trade mining beta testing that is scheduled to commence on June 17. This feature will provide transaction fee compensation in the form of ProBit Exchange’s native token PROB, which also grants users exclusive discounts and airdrop privileges.
Trades conducted on trade mining trading pairs BTC/USDT will reward users with 100% of the transaction fees incurred in the equivalent amount of PROB tokens. This significant addition to the crypto platform will essentially unlock free trading for users as transaction fees will be fully recouped in PROB.
Trade mined PROB will be deposited to staking wallets prior to 24:00 KST the next calendar day and will be eligible for immediate transactions without any lock-up restrictions. This rapid cycle of payout without any lock-up restriction will further invigorate the trading environment.
Mining PROB provides a much more efficient method of acquiring PROB tokens as opposed to having to exchange currency in the process. With trade mining, traders can simply conduct transactions of their choice and earn PROB completely free in the process.
Trade mining will also be allocated towards ProBit Exchange’s PROB buyback policy which was devised to purchase tokens and drive demand. A total of 80% of all trading fee income will be redirected to their Buyback Program to ensure stability and long term growth of PROB and its ecosystem. Additional details will be announced regarding the buyback program in the future.
While many exchanges offer trade mining, ProBit Exchange will also introduce a new form of mining called stake mining to their already welcoming set of user benefits. PROB staking allows users to receive transaction fee discounts and various airdrops, while also determining membership levels which will unlock ProBit Exchange’s multi-tiered set of membership discounts.
PROB staking also qualifies users for a listing event that distributes additional tokens of a new listing in return for staking PROB in their wallet.
The brand-new stake mining option will expand on these benefits which will provide yet another airdrop determined by PROB distribution from trade mining. This daily airdrop amount will equal 10% of all trade mined PROB throughout the entire day and distribute them to PROB staking users according to the amount of PROB staked in their wallets.
A total of 100,000,000 PROB has been allocated for trade mining and stake mining, and with the beta testing launching in a few days to further refine and improve the major updates, this new feature should provide a healthy boost to trading volume and provide a beginner-friendly incentive which will help promote trades with what is essentially transaction-fee free trading.
About ProBit Exchange
ProBit Exchange is a global cryptocurrency exchange. ProBit Exchange boasts order matching the speed of over 1.5 million orders per second, superb security supporting hardware security keys and a customizable user interface.
ProBit Exchange has also introduced new features such as introducing PROB staking on April 30 for users to earn discounted trading fees, a referral program that provides 10-20% in further transaction fee savings, as well as an app that is currently in beta testing for pending release.
IEO at ProBit Exchange
ProBit Exchange is able to support an IEO with more than 5 currencies, multiple sales round, different bonus rates, and various lock-up structures. Probit Exchange has completed almost 40 rounds of IEO, raising millions of dollars. Probit Exchange is the one stop shop for crypto startups looking to do fundraising, local and global marketing, and liquidity provision through the listing.
For more information on running an IEO at ProBit Exchange, please send an email.