InstantBuy weekly report: 05.11.2019–12.11.2019

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

1X2–0.01284873 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

3500 MIDAS

5700 BIR

1500 FLN

40000 SEND

7500 KYD

10000 ONEX

9000 1X2

6 DASH

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.

TOTAL WEEKLY VOLUME: 0.50745100 BTC

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