Post
Topic
Board Marketplace (Altcoins)
Re: Donation for the development of the cryptoindustry
by
AIF
on 10/10/2020, 01:02:03 UTC
If I want to convert back your much more profitable and useful money for the user, will I get back what I had and some of the new money will remain with me?
It is impossible to return everything that has already been burned down. Mining doesn't work the other way around. You cannot convert bitcoins and ethereum back into electricity. So the same situation is in our project, it is impossible to return those bitcoins and ethereum that you burned when mining EurBit tokens. But if you suddenly want to change your EurBits for bitcoins or ethereum, then you can do it on external cryptocurrency exchanges. They are created for this, so that people change their cryptocurrencies.
If I sell your tokens on an external exchange, will I return what I spent on them with a profit or not, did you double the rate or is it just inside you?
Profit from the sale of EurBit on an external exchange is guaranteed to be obtained only if their internal rate at the time of sale has become noticeably higher than it was at the time of mining. Do not forget that exchanges have commissions for operations and withdrawals from the exchange. If the internal rate of EurBit has not changed during the time between mining and sale (it cannot decrease), then you will have to donate all your profit from mining (5%) to the buyer + to make a discount so that he pays the exchange commission on it.  Otherwise, it will be more profitable for him not to buy EurBit from your exchange, but to go to our website and mine them there, having received his guaranteed 5% bonus.
Why do you call the burning (destruction) of cue balls and ethers mining if you destroy all the cue ball and ether what will only be your candy wrapper?