The trading pair of VBT/USDT and SARA/USDT will be divided into BURN MARKET, We will we will suspend existing transactions of VBT and SARA and gradually cancel all existing pending orders, the specific arrangements are as follows:
Trading suspension: 13:00:00 (UTC+8), February 08
Divide time: 17:00:00 (UTC+8), February 08
Trading time: 17:00:00 (UTC+8), February 08
Burning rate: 3%
Note: It is recommended that you manually cancel all pending orders of VBT and SARA, or wait for the VB.CO to cancel all pending orders before reopening
【Introduction of BURN MARKET】
There is a fixed percentage of burning rate will be charged for each sale transaction in the Burning Market ( Deducted for the pending order and will be refunded if the order canceled, the specific proportion is subject to the disclosure of each transaction pair.) This part of the burn fee will be publicized in real time and publicly destroyed on the blockchain on the 1st of every month.
Currency in the burning market, trading is burning, open and transparent, extreme deflation
Note: Excluding the trading volume of Market value management.
VBT is the platform currency of the VB exchange and the core value of the VB community. Your can share activities airdrops, node plans, community management decisions, financial product participation, listing voting and other benefits if your hold VBT. VB.CO will continues to repurchase and destroy VBT.
VBT total amount: 911,369,580, Lockup volume: 417,247,134, circulation volume: 494,122,445
Lockup address (VBT):
block browser address (VBT):
The VB Exchange will complete the secondary market repurchase of 100 million VBTs by March 2020. Relevant publicity will be announced after the repurchase. Please look forward to it!
Samsara Network is the world's first decentralized application platform based on the POC consensus mechanism, it encourages the contribution of mining to the platform ecology. The POC consensus mechanism pioneered the hard disk mining model, using the size of the computer's hard disk space rather than the computing power.The larger the capacity of the hard disk, the more options it can store on the hard disk, and the more opportunities the miner has to match the hash value it needs.
While focusing on the POC consensus algorithm, SARA will continue to introduce better economic models to encourage miners to become nodes, and will also build Solidity-based Turing-complete scripting language to support smart contracts and build decentralized applications. Ecology. Developers can use their existing consensus "power" to build their own POC projects and certificates. The multi-chain symbiosis of POC can provide basic computing power and developer components for a variety of POC-based projects.
For better building the ecology of the Samsara Network, Samsara refers to certain features of the Proof of Stake (POS) consensus, introducing the POS mortgage (Staking) mechanism in the POC consensus algorithm, and the miners need to mortgage tokens to mine.
SARA website: https://www.samsara.vip
SARA white paper: https://www.samsara.vip/Samsara%20Network.pdf
VB EXCHANGE TEAM