XBIT

XBIT, also known as XBT, operates on its own independent and exclusive blockchain network. Developed based on the SHA-256 algorithm, XBIT is a pre-mined coin with a total cap of 1 billion coins. The primary application of XBIT is to manage the reward chain of specific activities in the online gaming industry, particularly through the Xbit Gaming Platform. XBIT coins are also representative of revenue shares from the Xbit Gaming Platform, meaning coin owners may receive compensation from the platform's activities. XBIT also has a feature known as "Wrapped Xbit" (WXBT), a token that represents XBIT on various blockchains, allowing XBIT holders to participate in decentralized finance applications.

XBIT operates on a blockchain network where all coins were mined within the first 100 blocks. After the 100th block, no new coins are rewarded, but miners receive rewards from transaction fees. The official mining pool only accepts miners who have at least 10 million XBIT coins in their reward-receiving wallet and have been verified. XBIT coins can be used for conventional financial transactions, but their main application is to manage the reward chain in the online gaming industry. XBIT also has a staking system where coin owners can stake their coins and may receive compensation.

XBIT coins have several potential use cases. They can be used for conventional financial transactions, but their primary application is within the online gaming industry, specifically through the Xbit Gaming Platform. Here, XBIT coins can be used to manage the reward chain of specific gaming activities. Additionally, XBIT coins can be staked, potentially providing an incentive for coin owners to hold onto their coins. XBIT also offers Wrapped Xbit (WXBT) tokens, which allow XBIT holders to participate in popular decentralized finance applications on various blockchains.

XBIT was developed with the aim of creating a cryptocurrency that could manage the reward chain of specific activities in the online gaming industry. The coin was developed based on the SHA-256 algorithm and operates on its own independent and exclusive blockchain network. All XBIT coins were pre-mined within the first 100 blocks of the network's operation. The proceeds from the sale of XBIT coins are used for the development and improvement of the Xbit Gaming Platform. The platform's revenues cover all costs and expenses of the business, including current expenses and personnel. XBIT also introduced Wrapped Xbit (WXBT) tokens, which represent XBIT on various blockchains, allowing XBIT holders to participate in decentralized finance applications.