PREAMBLE
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Sobit, a blockchain based project which is aiming to develop a digital asset trading platform has arrived.
Now that I have your attention, let’s get right to it.
What exactly is SOBIT?
SOBIT.ONE is the first user-owned digital assets exchange. Being a community centric exchange, SOBIT.ONE was designed to give users exclusive right to own and participate in the revenue distribution of cryptocurrency exchange for the first time.
Furthermore, nowadays, traditional centralized exchanges hold a lot of wealth. When these wealth are gathered in the hands of a small number of private owners, they may secretly manipulate the market for more benefits, damaging the interests of other users and even the industry.
In order to build a more free and transparent platform, we redefine traditional equity as quasi-equity on Sobit platform. As long as you hold an amount of SBT, you can enjoy all the rights of the quasi-equity. Besides, we are developing a user autonomous community where all shareholders can join and easily exercise their rights.
Sobit platform specializes in digital trading and cryptocurrency mining. All processes within the project are fully automated thanks to artificial intelligence. The work of Sobit is based on blockchain technology, which reliably protects the users’ information and money. Moreover, the undoubted advantage of blockchain is the ability to integrate any technology into the project without additional settings. The project launches a news line, where users can track the internal news of the project, as well as learn about the changes in the world of cryptocurrency. The internal chat of the project will allow investors to communicate directly, and for traders - to negotiate additional conditions of transactions within short period of time.
The Goal
Sobit goal is to establish a digital asset trading platform in which all users of revenue participate, create value, enjoy the benefits involved and also belong to the user's community.
The Core System
The core system of Sobit consists of the following elements:
Shareholding Plus Community Autonomy
The platform gives quasi-equity rights to the users who will hold a number of SBT tokens. Quasi Equity means where a debt has some traits of equity or in other words it is a non-legal equity. The quasi-equity rights include receiving dividends, voting rights, right to know etc.
Dividend
If a user holds a certain amount of SBT which accounts for 1% value of total circulation then the user will get 1% dividend on the amount of profit made. For example, on a profit of 100 BTC the user will receive 1 BTC.
Rights and Obligations
The users will get access to the quasi-equity rights depending upon the amount of SBT he/she holds. If the user holds SBT less than 1000 then he can not have access to any rights. If the hold tokens are more than 1,000 and less than 20,000 then the user will get dividend from the platform. The users who hold 20,000+ SBT will enjoy all the quasi-equity rights on the platform.
Community Autonomy
The platform will develop a reward system where the users, team and developers will be rewarded for contributing on the platform and helping the platform develop.
Trans-Fee Mining:
Sobit exchange platform as adopted a different method of charging transactional fees which is trans-fee mining. In this method the user when pays the transaction fee, gets back the fee amount in the form of platform specific tokens. In Sobit, 80% of the transaction will be reimbursed to the users in the form of SBT. The amount of Trans-fee mining will be reduced based on the total amount of circulating supply.
The Features
Fast Transactions: Up to 2 milions times per secon ensured an elegant and comfortable trading experience
Highly Safe Platform: The process guarante 95% cold wallet processing of digital asset, multipe audit, offline signature and multipe key co-management to ensure to your funds are safe
Autonomical: User-centric and community centric
Simple To Use Trading Platform With Advance Charting Tools by Tradin gview
An Easy To Use User Interface
The Benefits
Dividend distribution: Sobit will allocate their 100% platform profit to All SBT Holder hold more than 1000 SBT
User been owned: Applies to users hold more than 20000 SBT
Community autonomy
Trans — fee Mining: Sobit will refund their 80% transaction fee income to users on the second day in SBT
Token Sale and ICO Details
The Sobit.one exchange will be powered by the token, SBT. SBT is an ERC20 standard based token issued on Ethereum Blockchain, ensuring wide usability and stability. Given its inherent design a as P2P transaction token, it will be used to pay for all payments on the exchange including listing fee, trading fee, advertising fee withdrawal fee as well as the dividend payment on users holding more than 1000SBT in their portfolios.
Furthermore, to ensure the maximum engagement of users, SOBIT.ONE will give SBT-holding individuals a non-legal equity rights which correspond the number of tokens in their possessions.
Token Details
Token Symbol : SBT
Platform : ETHEREUM
Total Supply – 10 Billion SBT
Price – 0.00025 ETH
Soft Cap – $1M USD
Hard Cap – $5M USD
Fund Allocation
• 49% of the fund is reserved for Trans-fee mining
•20% is allocated for the Team and Advisors
•Private Sale amounts to 5%
•10% of the fund goes for promotion and partnership
•16% is reserved for the community
NB: SBT coins are a direct proof of all rights to the platform. Tokens, in general, will be produced in the following forms:
Mining transactions;
Private placement of investors;
Remuneration to the community.
On the platform, users will have the right to quasi-capital, in accordance with the offer of coins on the exchange. This concept includes the following advantages:
Dividends;
The right to receive information;
The right to vote and the like.
The notion of quasi-capital also includes opportunities to exercise the right to own returnable capital, without taking on legal obligations.
WHY SOBIT OUT RIGHTLY STANDS OUT?
A LIGHTENING-SPEED EXCHANGE:
With a high speed and highly scalable matching engine technology capable of processing up to 2million orders per seconds, SOBIT.ONE exchange will ensure an efficient and effective trading experience devoid of interuption in the event of large order executions , hence, attracting institutional high frequency traders.
HIGHLY SECURED:
Security has been one of the major challenges preventing the growth of crypto markets in recent years. No thanks to incessant attacks to cryptocurrency exchanges since the beginning of the year. These ugly incident have dampened the investment drive of market participants, consequently drying the liquidity pool in the sector. However, having identified the security loopholes in crypto exchanges, SOBIT has designed an optimum level security features including load balancing, Cloud-based DDos firewall, unusual activity alarm trigger, multiple exchange audits, offline wallets coins storage and robust encryption system to protect the both the trader’s funds and trading operations from authorized access.
COMMUNITY BASED EXCHANGE:
While recognising the importance of community, SOBIT built a platform that gives every user the right to make an input in the day-to-day activities of the exchange. Giving participants opportunity to be major stakeholders will encourage them to make excellent decisions that will ensure the development of the exchange.
ROADMAP
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website: https://sobit.one/
Whitepaper: https://resource.sobit.one/assets/whitepaper/whitePaper_EN.pdf
Official Announcement: https://sobit.zendesk.com/hc/en-us
ANN Thread: https://bitcointalk.org/index.php?topic=4866231.0
Telegram: https://t.me/sobitExchange
Twitter: https://twitter.com/sobitone
Facebook: https://www.facebook.com/sobitone
Medium: https://medium.com/@sobitone
Reddit: https://www.reddit.com/r/SobitExchange/
Author: TheMichaelMatch
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.
Warning! This user is on my black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!
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