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 — 0.14027792 BTC
Fline — 0.01568229 BTC
Sinovate — 0.00715729 BTC
Social Send — 0.00747372 BTC
1X2 Coin — 0.00863863 BTC
Total BTC sent to projects for development: 0.17922985 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 — 0.26073767 BTC
PIVX — 0.17802328 BTC
PHR — 0.04581054 BTC
DASH — 0.10969190 BTC
SIN — 0.01270483 BTC
SEND — 0.02017383 BTC
Total BTC sent to exchange: 0.65049061 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.