This announcement comes on the heels of GIBX Digital Bank Exchange’s announcement that the directors would introduce a third major policy in the backdrop of 2.0 to help boost the value of our ecological platform currency GUSDT TM. GIBX POB (Proof of Burn) dual currency destruction mining strategy is validated by a new black hole on the horizon that is burning now.

1:1 Destroy and burn GUSDT GIBX POB shows that mining output is deflationary.

Through dual currency destruction and staked mining, the 1 billion Ethereum ERC-20 version of GUSDT now circulating on the market may create the world’s top 10 major digital currencies. Some examples are as follows:

In terms of market capitalization on CMC, the top 10 most popular cryptocurrencies in GIBX POB are as follows: Bitcoin, Ethereum, Cardano, Binance Coin, Ripple, Dogecoin, Polkadot, Solana, and UNISWAP.

 What exactly is GIBX POB?

In order to get a brand-new cryptocurrency, you have to “burn” (destroy) an old currency like Bitcoin, Ethereum, or our eco-platform money in order to “prove” your investment. GUSDT™ According to principle, the value of each new cryptocurrency will be equal to that of destroyed money, however, this isn’t true in practice since a cryptocurrency can’t be destroyed. The GIBX POB system necessitates that you set its total supply to a lower figure. Take black holes as an example.

So, what is this concept of token destruction exactly? Who benefits if these tokens are destroyed? What will happen to the destroyed coins?

Burning Coins is the process of permanently removing coins from the economy. To put it another way, the tokens that have been destroyed are akin to being permanently frozen, and no new ones may enter the market.

Token destruction in GIBX POB may be accomplished in a number of different ways. Tokens inserted into black hole addresses are the most prevalent attack vector. It’s also known as the Eater Address, and it’s used to describe an address where the private key has been lost or cannot be found. These IP addresses are ominous; they are like portals to the underworld. They are only allowed to enter, with no means to depart. The black hole address prevents tokens from being moved out and circulating in the market.

For your information, users of GIBX POB may now take part in staked mining with a large amount of their GUSDT digital asset portfolio via black hole mining. They may mine fresh blockchain verification rewards while burning GUSDT. If you are withdrawing funds from a black hole mining wallet, you may select from any of the world’s top 10 digital currencies, regardless of their overall performance. You may withdraw in whatever currency you like as long as you provide your personal withdrawal address.

Every day, the user’s black hole mining wallet receives a “return of principal and interest” from the black hole dual currency mining. To put it another way, users will be able to withdraw GUSDT staked in the hash rate pool at a quicker rate into the top 10 mainstream currencies in GIBX POB. All GUSDT staked into the black hole will be destroyed until the contract burns out. This is critical.

The complete hash rate pool miners’ maintenance fees rebate and the high community nodes promotional prizes will be given to miners who present GIBX POB proof of burn POB for the full black hole.

So, why do we need to burn tokens? The following are the primary factors:

A GIBX POB consensus technique is used in this research. By destroying the coin, PoB (Proof of Burn), a burning proof method, users may demonstrate their investment in the network and get the privilege to mine and verify transactions. When it comes to computing power, more is better when it comes to burning (destroying).

Reduce the amount of GIBX POB tokens in circulation in order to raise the value of the tokens. Costs are affected by the supply-demand relationship, and if other factors stay constant, rising supply will result in higher prices. Projects that routinely destroy tokens to limit their circulating supply create value to them. Examples include Binance, Huobi, and OKEX. These exchanges constantly destroy tokens to provide value to the tokens they exchange. Due to deflation and greater market scarcity, the value of the devalued currency will skyrocket. Many real-world examples may be found from previous exchanges apart from GIBX POB.