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What is ZBTC coin ZBTC platform currency mining and currency co

Date:2024-04-08 18:45:27 Channel:Exchange Read:
In today's turmoil of digital currencies, ZBTC, as a striking new coin, is gradually attracting widespread attention. So, what exactly is ZBTC? How does it define the concept of a coin? This article will deeply explore the characteristics of ZBTC, introduce its operating mechanism in platform currency mining, and unveil the mystery of ZBTC for you.
**Explore the Essence of ZBTC**

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

ZBTC, as the representative of Bitcoin in China, contains a brand new digital currency concept. Compared with traditional coins, ZBTC is not only a medium of transaction, but also a symbol of digital assets. Its birth subverted the traditional financial system and gave users more financial autonomy. In this era of information explosion, the emergence of ZBTC has undoubtedly opened up a new path for the development of currency.
**New Definition of Coin**
Traditionally, a coin is defined as an item used for exchange of value, usually made of metal. However, with the advent of the digital age, the concept of coins has also undergone revolutionary changes. As a virtual currency, ZBTC no longer relies on physical metal, but is based on blockchain technology and uses encryption algorithms to ensure the security and traceability of transactions. This new coin definition gives ZBTC an unparalleled advantage in the digital economy.
**ZBTC platform currency mining**
To understand the operating mechanism of ZBTC, we have to mention the concept of platform currency mining. The issuance of ZBTC is not controlled by a central organization, but is generated through mining. Mining refers to solving complex mathematical problems through algorithms, verifying transactions and adding them to the blockchain, thereby obtaining new ZBTC. This decentralized currency issuance method ensures the security and fairness of ZBTC and also provides opportunities for more people to participate in the digital currency market.
**Introduction to Currency Concept**
In the field of digital currency, the concept of currency is a crucial part. As an emerging digital asset, ZBTC contains rich monetary concepts. By learning the rules of currency issuance, circulation and use, we can better understand the status and role of ZBTC in the digital economy. Currency is not only a payment tool, but also a symbol of social credit, and ZBTC relies on this social credit to thrive in the digital world.
**Summarize**

What is ZBTC? ZBTC is also called ZBTC. ZBTC coin is a token based on the Ethereum ERC20 standard issued by the ZBTONE trading platform. Each ZBTC stored on the platform enjoys the right to dividends on all income of the corresponding trading platform of ZBTONE. Every day, the trading commission income from the ZBTONE project will be distributed to all ZBTC holders according to the ZBTC holding ratio.

In order to maintain the value of ZBT held by users of the old platform, the official decided to reduce the number of ZBT
The total amount was reduced from 200 million to 20 million and was renamed ZBTC. The total amount of ZBT coins in circulation on the old platform was reduced from 20 million to 2 million and replaced with the new currency ZBTC. According to the daily mining quantity of individuals on the new platform, they will be circulated and distributed to the new platform in a 3:1 manner and dividends will be distributed.

The ZBTONE trading platform will conduct statistics on the mining status of "miners" every day. The statistical period is 0:00:00 on that day.
23:59:59. After the smart contract releases ZBTC the next day, the platform will allocate the newly issued ZBTC to the corresponding "miner" account based on statistical data the next day.

1. The ZBTC mined by “miners” through trading activities are distributed as follows:

(1) “Miners” receive 40% of the ZBTC coin reward;

(2) Primary market brokers will receive a 7% ZBTC coin reward;

(3) Secondary market brokers will receive a 3% ZBTC coin reward.

(4) The ZBTONE Foundation will receive 30% of the ZBTC reward (frozen for one year: used for project marketing)

(5) The ZBTONE project party will receive 20% ZBTC reward (permanently frozen: used for platform technology research and development, introduction of talents, project operations, etc.)

2. Distribution formula:

①ZBTC coins obtained by miners from transactions = total personal transaction fees on the day/total platform transaction fees on the day*total amount of ZBTC coins generated on the day*40%

② ZBTC coins earned from invitation registration = Total transaction fees of the invited miners on the day/Total platform transaction fees on the day*Total amount of ZBTC coins generated on the day

*7%【Level 1】

③ ZBTC coins earned from invitation registration = Total transaction fees of the invited miners on the day/Total platform transaction fees on the day*Total amount of ZBTC coins generated on the day

*3%【Level 2】

(If B uses A’s promotion code to register, A is B’s promoter)

4. ZBTC dividend mechanism:

50% of the commission income from the ZBTONE trading platform will be distributed to ZBTC holders, and 50% will be included in the unified management of the foundation.

The ZBTONE trading platform will mine ZBTC on the same day and will arrive in the account the next day, so users can receive ZBTC dividends on the same day = instant snapshot data + ZBTC mined on the same day.

Dividends will be distributed the next day and will be distributed to each holder's account in the form of USDT.

Dividend formula: The total amount of ZBT is reduced from 20 million to 2 million and is replaced by the new currency ZBTC (for example, the old currency holdings are 100,000 and then reduced to 10,000) according to the new platform every day

Mining circulates to the new platform in a 3:1 manner (participating in dividends on the second day) (for example, ZBTC mining on the first day released 100,000 old platform coins and released 3.30,000 coins to the new platform)

User dividend income = Dividend income to be distributed * [ZBTC holdings / (total mining amount of the day - ZBTC destruction amount)] * 50%

Income to be distributed = transaction commission fee + other project income

Dividend proportion

①100% daily platform transaction fee

②20% will be used to buy back and destroy ZBTC coins;

③10% is used to hold ZBTC coins established in the foundation;

④20% will be used for ZBTC platform technology research and development, talent introduction, project operations, etc.;

⑤50% will be used for dividends to users holding ZBTC coins. (Gradually increase the proportion later)

Note: All the above instructions are in Singapore Standard Time (UTC/GMT+08:00)

5. ZBTC destruction mechanism:

20% of the daily platform fee income is put into the repurchase pool. After the transaction is started, the platform will conduct pending order repurchases every day and destroy them immediately to gradually reduce the stock.

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