The second phase of mining MBT distribution method:
After the first official trading mining starts, MineBit will allocate MBT based on the user's trading volume. The specific release amount is as follows:
The platform will settle account the total MBT output of the user 24 hours a day at 24:00 (UTC+9); The resulting MBT is issued to the user’s account in turn at 16:00 (UTC+9)---16:30 (UTC+9) the next day.
During the second mining period, which is on November 14, 2018, 00:00-December 13, 2018, 24:00 (UTC+9), the total MBT release was 93 million.
The calculation is as follows:
User’s MBT quantity per hour = MBT release per hour* (user volume per hour / current hourly total network transaction volume)
The number of MBTs per user per day = the sum of the MBTs of users per hour on the current day.
Best Regards,
MineBit Team
November 13th, 2018
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