Benefits of holding TBE, the native token of TowerX
How do we know how much TBE is equivalent to $50? Does it change daily?
At the beginning of TowerX, $50 is equivalent to 834 TBE, calculated at approx $0.06 per TBE at ICO price. This minimum amount of TBE to be held is calculated every 2 weeks and once calculated, it remains the same for 2 weeks. So, for the first 2 weeks after trading begins on TowerX, everyone who holds at-least 834 TBE will be eligible for the above mentioned benefits.
As the price of TBE increases, you will be required to hold lesser amount of TBE to be eligible to get the benefits. But, also keep in mind that lesser the amount of TBE you hold, lesser will be your rewards. So, it is advisable to get hold of maximum amount of TBE to maximize your benefits.
I have an open order for buying or selling of TBE in the order book. Does it count in the calculation minimum amount of TBE required?
The open orders for TBE are not counted. Only the available balance is taken into account to calculate the amount of TBE based on which you receive your reward daily. On your account at TowerX, you will be able to view your available balance of TBE.
The formula used to calculate available balance of TBE is given below.
Available Balance = Total Balance Amount in Trade
What time of the day is the snapshot of available balance taken to calculate the amount of reward?
The snapshot of available balance will be taken randomly at any time within the 24 hour period. The time has been kept random to minimize the chances of manipulation by users. The best way is to continuously hold TBE and watch your wealth grow.
I have TBE in MyEtherWallet or other private wallets. So do I get these benefits?
No, the TBE in your personal wallet is not counted. To receive benefits, you need to deposit TBE on TowerX. This is because your available balance of TBE on TowerX is used to calculate the benefits that you will receive.
Referral Bonus
You can refer others to join TowerX using your unique referral code. The referral code will be visible after you register on TowerX website. You will receive 20% of the fees collected by TowerX for the trading done by your referrals. This 20% will be sent to your account instantly as soon as fee is collected by TowerX
Why TowerX?
We are an investor friendly company and we are happy to do what investors want us to do. The private investors who participated in Pre-ICO stage want us to build an exchange which includes the best features available on existing exchanges.
Accordingly, we will be using our existing technical know how and our data center infrastructure to build a reliable and secure exchange. Since, we are a SaaS company working with big data and coding is our core strength, we expect the exchange to be live much sooner than expected. However, for the record, we have kept the target date of launch of TowerX exchange in Q3 2018.
ICO on exchange
The TowerBee crowd sale will be on the TowerX exchange which will also mark the launch of the exchange. The TBE token will be listed on TowerX immediately after the crowd sale is over.
We are an investor friendly company and we are happy to do what investors want us to do. The private investors who participated in Pre-ICO stage want us to build an exchange which includes the best features available on existing exchanges.
Accordingly, we will be using our existing technical know how and our data center infrastructure to build a reliable and secure exchange. Since, we are a SaaS company working with big data and coding is our core strength, we expect the exchange to be live much sooner than expected. However, for the record, we have kept the target date of launch of TowerX exchange in Q3 2018.
ICO on exchange
The TowerBee crowd sale will be on the TowerX exchange which will also mark the launch of the exchange. The TBE token will be listed on TowerX immediately after the crowd sale is over.
More info:
Website: https://towerx.co/
Ann Thread: https://bitcointalk.org/index.php?topic=5059525
Twitter: https://twitter.com/towerbee
Facebook: https://www.facebook.com/silverbeegroup
Telegram: https://t.me/towerbee
author:
rivaldo2020
BTT Profil link:
https://bitcointalk.org/index.php?action=profile;u=2051385
0x320f6344D4BE878C96e77AD580e2EE132C4BF6F8
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