In addition to the two announced policies, today GIBX POB wants to announce to you that in order to increase the value of our ecological platform currency GUSDT ™, GIBX Digital Bank Exchange will soon launch the third-largest policy in the background of 2.0! The new black hole burning proves the new GIBX POB (Proof Of Burn) dual currency destruction mining policy!

 So, what is GIBX POB (Proof of Burn/PoB)?

Proof of Burning is a method of investing in a brand-new cryptocurrency: in order to obtain a new currency, you must “burn” (destroy) another currency, such as Bitcoin, Ethereum or our ecological platform currency GUSDT™ In theory, this will make the value of each new cryptocurrency equal to the value of the destroyed currency, but in fact you can not really destroy the cryptocurrency. The GIBX POB system requires you to send it to a value that will reduce its total supply. For example, black holes.

1:1 Burn and destroy GUSDT! GIBX POB proves deflationary mining output

 The 1 billion Ethereum ERC-20 version of GUSDT currently circulating in the market can produce the world’s top 10 mainstream digital currencies you want through dual currency destruction and staked mining. These include:

The top 10 mainstream currencies in GIBX POB with the highest market capitalization in the world on CMC coinmarketcap, such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Binance Coin (BNB), Ripple (XRP), Dogecoin ( DOGE), Polkadot (DOT), SOL (Solana) and UNI (UNISWAP), etc.

 So, what exactly is token destruction? Why destroy these tokens? Where will the destroyed coins go?

 First, Coin Burning is the permanent removal of tokens from circulation. In other words, the destroyed tokens are equivalent to being permanently frozen and can no longer flow into the market.

 So, how to achieve token destruction in GIBX POB? The most common method is to insert tokens into black hole addresses. A blackhole address (Eater Address) refers to the address where the private key is lost, or the private key cannot be determined. These addresses are like black holes. They can only enter and have no way of exiting. Any token that hits the black hole address cannot be transferred out and enter the market circulating.

1BitcoinEaterAddressDontSendf59kuE

The following are the more famous Bitcoin and Ethereum black hole addresses:

1BitcoinEaterAddressDontSendf59kuE

0x0000000000000000000000000000000000000000

There are about 13.2 BTC in the Bitcoin black hole address mentioned above in GIBX POB, and about 7780 ETH in the Ethereum black hole address.

 For your information, through black hole mining, this time users can participate in staked mining with a high proportion of GUSDT™ digital asset portfolio. While burning GUSDT™, they can directly mine new blockchain verification rewards. Users can be in the background when withdrawing from a black hole mining wallet, you are free to choose the top 10 digital currencies in the world that have the best downside performance or obvious upside trends. Free choice of currency, the only condition you need to match is to fill in the personal withdrawal address.

The black hole dual currency mining income is distributed to the user’s black hole mining wallet every day in a “return of principal and interest”. In other words, users can cash out GUSDT™ staked into the hash rate pool into the top 10 mainstream currencies at a faster speed in GIBX POB. The most important thing is that all GUSDT™ staked into the black hole will be directly destroyed until the contract burns to the expiration date.

For miners who provide GIBX POB proof of burn POB for the entire black hole, they will be directly rewarded with the entire hash rate pool miners maintenance fees rebate and high community nodes promotional rewards.