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 – 0.15348505
- BTC Fline – 0.00938636 BTC
- Sinovate – 0.00589019 BTC
- Kalkulus – 0.01489533 BTC
- 1X2 Coin – 0.02401834 BTC
- Onex – 0.00899689 BTC
Total BTC sent to projects for development: 0.21667216 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 – 0.04157897 BTC
- SIN – 0.03343297 BTC
- 1X2 – 0.10024135 BTC
- BIR – 0.00932216 BTC
- KLKS – 0.05594190 BTC
- DASH – 0.01545086 BTC
- ONEX – 0.00790512 BTC
Total BTC sent to exchange: 0.26387333 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
- 7000 MIDAS
- 13000 BIR
- 13 DASH
- 3500 1X2
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.
