Each week, we will provide the Midas community a quick report about how much BTC funds we provided to projects and coin support from our communities purchasing on InstantBuy. Over the last seven days, InstantBuy has produced the following results:
BTC sent to projects
Midas — 0.0.11328401 BTC
Fline — 0.06561024 BTC
Sinovate — 0.01939857 BTC
Total BTC sent to projects for development: 0.1982982 BTC
20% of the BTC received for coin sales is revenue generated for the project. Some projects choose to have all BTC provided to coin support, which is why they do not feature above.
BTC provided for coin support on exchange
MIDAS — 0.14150071 BTC
ONEX — 0.01662379 BTC
KTS — 0.01275406 BTC
DASH — 0.04138375 BTC
ESBC — 0.01008987 BTC
SEND — 0.00785264 BTC
KYD — 0.00875825 BTC
SIN — 0.07650255 BTC
Total BTC sent to exchange: 0.32831435 BTC
Depending on our agreement with the project, between 75–95% of the BTC spent on InstantBuy goes to exchange for buy wall price support on exchange. Coins purchased on exchange come back to InstantBuy to provide more liquidity on InstantBuy allowing us to take more sales and generate further revenue for the project and funds for coin support.
Coins purchased from exchange and supplied back to InstantBuy
These coins have been generated from last weeks ‘BTC provided for coin support on exchange’ and purchased from exchange and sent back to InstantBuy to provide further liquidity.