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
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
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.