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 – 0.18309064 BTC
- Fline – 0.03582379 BTC
- Social Send – 0.01293262 BTC
- Beacon – 0.01711067 BTC
Total BTC sent to projects for development: 0.24895772 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 – 0.28718479 BTC
- FLN – 0.04545779 BTC
- SEND – 0.03593076 BTC
- CSPN – 0.10983736 BTC
- BLOCK – 0.03955135 BTC
- PIVX – 0.00942284 BTC
- BECN – 0.07493703 BTC
- 3DC – 0.01498545 BTC
Total BTC sent to exchange: 0.61730736 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
- 3600 MIDAS
- 5.4 DASH
- 67000 SIN
- 497 BLOCK
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.
