23/04/2016
Hi Guys , I just want to talk about a market we have on BTCpool.Exchange and put a bit of an explanation about it here..
The is a Token in the BTC market MIT(MiningIndustryToken) , this is a in house crypto that is used to purchase Mining Power from various locations , all tokens that are purchased these funds are put into mining 100%, we have been testing this over the last 3 months and are happy to say it has worked out profitable for all people involved .
How It Works:
Firstly there are just over 10 million tokens , currently they are selling for 0.00000255 btc each .
So Basically you purchase these tokens then work out what profit margin you would like to make and place them for sale on the market at that price , so if you want to earn 10% you would put them on the market in the sell side for 0.00000280 btc .
Each day the earnings from the different mining is collected and 100% is used to buy back the MIT tokens from the cheapest price on the sell market up , so if you want to earn a higher profit % then obviously will take longer for repurchase of the tokens but they will all be bought back , the mining power will always increase and will always be there , and once all the tokens are purchased , they will continued to be bought back .
Ok a added feature is that the sell price of the MIT tokens will over time increase so that all tokens that are bought will sell higher and that the market is always moving up so everyone gets there tokens bought back!!
And the tokens that are bought back will be resold again so people can buy and sell them again , the whole time the mining will increase so that more and more tokens are bought back each day!!
This is the link to the market
https://btcpool.exchange/Market?pair=MIT/BTC
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