Xbit Coin is not just a cryptocurrency for ordinary financial transfer of money and assets. It is also a special coin for the online gaming world. This coin has been especially designed for online gaming.
Xbit Coin has an already established financial institution behind itself, which is the online Casino Xbit. As such, it is considered that Xbit Coin is considered as representative shares for the Xbit Casino.
In the following sections, we will review this coin in detail.
What Advantages Does Xbit Have for Users?
Users will be able to stake Xbit Coins. In the process of staking, the staked coins are frozen and transferrable. In return, users will receive an annual interest of 5 percent.
This allows gamers and all the users to benefit even more with the help of Xbit cryptocurrency.
At the end of the year, the return for staking is determined and announced by the Xbit online casino based on specific calculations. The return is divided by 800 million to determine the return for each single coin. Therefore, Xbit coins could be considered as representative of revenue shares of casino Xbit. Since, in a way all the users and owners of the coin will benefit from the casino as well.
As the casino performs better and more and more players are attracted to its games, this increases the value of the coins that are used in this casino, which is Xbit coin.
How Can You Buy Xbit?
The easiest way is to purchase Xbit Coins directly from this link.
With the help of this Direct Buy method, you will be able to purchase Xbit in exchange for Counos X (CCXX), Tether (USDT), and Wrapped Xbit (WXBT).
You ony need to fill the form, pick one of these digital currencies to make the payment. For instance, you can make the payment easily and quickly with Counos X, and then receive the appropriate amount in Xbit Coins.
In addition, Xbit Coin will soon get listed on Alterdice, with the following pairs: XBT/USDT and XBT/CCXX, meaning that you will be able to purchase Xbit with Tether and Counos X, and also vice versa.
Many more exchanges will list Xbit soon, and other than Alterdice, ExMarkets, DexTrade, Emirex, Koopal Exchange, DEX Koopal, Counos Centralized Exchange, and Counos DEX are also among these exchanges.
Technical Information of Xbit
Xbit Coin, also known with its exclusive code XBT, has been developed based on SHA-256 algorithm. This algorithm is one of the most popular in the crypto world, with other cryptocurrencies having implemented it, including Bitcoin and other digital currencies.
Xbit Coin has its own independently run and operated Blockchain network. This is not the case for all cryptocurrencies. Many cryptos are developed and run based on other Blockchain networks. But, obviously, having an independent Blockchain network will have enormous advantages for the users.
Xbit Coin has a total cap of 1 billion (1,000,000,000) coins. All of these coins have already been mined and ready for use.
The one billion coins are distributed in the following way: 400 million coins are provided to early investors who established the casino and the development team. 400 million coins are offered to ordinary buyers. The rest of the 200 million coins are provided to the business operators.
So we saw the most important ways in which Xbit coin can be beneficial for owners and users. We also talked about the technical information about this coin and the different ways in which this coin can be purchased.
But perhaps, above all, it is crucial to point out that the vision of Xbit is to create wealth in the casino for the users by the users. Therefore, the more wealth is created in this casino, more revenue is divided among coins as annual staking profit, and as a result, the more valuable these coins will become. Which is, basically, one of the most fundamental financial and economical concepts, the more demand for a certain supply, the more valuable it will become.