InstantBuy weekly update: 09.12.2019–16.12.2019

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 — 0.07461751 BTC

Fline — 0.03080707 BTC

1×2 Coin — 0.00789251 BTC

Beacon — 0.01736442 BTC

Klimatas — 0.00641156 BTC

Know Your Developer — 0.00409619 BTC

Total BTC sent to projects for development: 0.14749363 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 — 0.21513757 BTC

FLN — 0.03422944 BTC

1X2–0.08529197 BTC

BECN — 0.06618218 BTC

KTS — 0.02785272 BTC

BIR — 0.00665828 BTC

DASH — 0.01748238 BTC

BLOCK — 0.01081575 BTC

Total BTC sent to exchange: 0.46365029 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

9000 MIDAS

683 PHR

151800 KLKS

7700 BECN

18500 BIR

3900 PAWS

180000 SEND

8000 KTS

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.


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