Cryptocurrency is a digital currency meant to act as a medium of exchange that conducts financial transactions using cryptographic features. Cryptography allows cryptocurrencies to establish and manage new units of exchange while also validating digital asset transfers.
For example, Bitcoin (BTC), first appeared in 2009, but over 3,000 altcoins have already been developed in the following decade. Cryptocurrency’s popularity is set to grow in 2030s as one of the hottest investment themes. So, how can you profit from cryptocurrencies?
Xbit Coin
Xbit Coin is a brand new digital currency with a single objective in mind. The goal is to completely transform the game industry. To this purpose, there is a financial organization and institute behind Xbit that will give this coin the potential to rise higher.
The online Casino Xbit is this financial institution. This coin was created for usage in Casino Xbit, but it can also be used in general in the online gaming industry. Furthermore, the Xbit Coin is regarded as a representational revenue share of the Xbit Casino. In the next section, we’ll delve deeper into this topic.
Wallet Setup
To avoid losing your assets, it’s critical to understand how different crypto wallets work before deciding on one. If you’re new to crypto wallets, start by deciding whether you want a hardware, desktop, or mobile wallet. After that, you’ll need to buy and download your wallet, install the software, create an account, and deposit your cryptocurrency.
In case of Xbit project, Counos platform provides a number of services, including the Counos Payment Gateway, Counos Staking System, and Counos Crypto Wallets that support Xbit Coin, such as Counos Mobile Wallet.
Counos Mobile Wallet now offers an encryption function that allows users to encrypt their private keys, considerably increasing the wallet’s security.
The addition of a PIN code is a new security feature. The new PIN code will take the place of the wallet’s old second password option. As a result, customers will be required to input their previous second password in order to set a new PIN code.
Hold and Earn
Counos Platform has also contributed their staking service to this project.
All Xbit currency owners will be able to stake their coins using this feature. The staked coins are frozen and transferable throughout the staking process. Users will receive a 5% yearly interest rate in exchange.
This enables gamers and all users to gain even more benefits from the Xbit coin.
In general, and simply put, anyone who holds these coins will benefit and receive interest from the casino because the coins are revenue sharing representatives. Xbit is a cryptocurrency that creates money and value, and its owners profit from it.
Mining
Because of cryptocurrency miners, cryptocurrency is self-contained. Block transactions are used in Blockchain technology, and miners must produce a hash code, or key, for each block. The block is added to the Blockchain by the first miner who discovers the key. The block’s transactions are then processed, and the miner is rewarded with a commission from the network.
In case of Xbit Coin the first 100 blocks of the Xbit Blockchain are used to mine all of the currency. After the first 100 blocks, the coins can be used. Only the official mining pool, which is known as a trusted miner in the system, uses the coin’s network. After block number 100, no rewards are granted from newly generated currencies; however, miners are rewarded from transaction fees. Only miners with at least 10 million Xbit Coins in the wallet that gets the payout are accepted into the official mining pool. The miners must also be checked. The main application in the online game industry is to manage the reward chain of a certain action.
Ways to buy Xbit Coin
The most convenient approach is to acquire Xbit Coins directly from this page.
Using this Direct Buy method, you will be able to purchase Xbit in exchange for Counos X (CCXX), Tether (USDT), and Wrapped Xbit (WXBT).
All you have to do now is fill out the form and select one of these digital currencies as your method of payment. You can, for example, use Counos X to make a quick and simple payment and then receive the appropriate amount in Xbit Coins.
Xbit Coin will also be available on Alterdice soon, with the following pairs: XBT/USDT and XBT/CCXX, allowing you to buy Xbit with Tether and Counos X, respectively.
Many more exchanges will list Xbit soon, and other than Alterdice, ExMarkets, DexTrade, Emirex, Koopal Exchange, DEX Koopal, Counos Centralized Exchange, and Counos DEX are also among these exchanges.
Closing Remarks
If you register with your email address at Casino Xbit, you will receive one free Xbit coin. This is accomplished using Counos Mobile Wallet’s Email Transaction feature.
Furthermore, when you sign up for an account at this casino, you will receive a $30 bonus to go towards a number of exciting games. The live casino has real live dealers and over 4,000 slot games. The Xbit cryptocurrency, which is based on the Blockchain, underpins everything.
