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GIBX POB Market Attraction

GIBX POB (proof of burn) will continue to reach out to new audiences and showcase the unique digital assets of our coins around the world.

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The GIBX POB (proof of burn) ecology of GIBXSWAP drives up coin prices.

5 November 2021 

KUALA LUMPUR — Digital currencies have frequently appeared in the eyes of news and investors in the last year, especially when they can bring along high profits to attract a large number of funds. There is no doubt that an increasing number of investors are becoming aware of the significance of digital currency and blockchain technology.

The GUSDTTM token is one of the most optimistic digital tokens in the emerging digital assets market. Its currency price rose more rapidly as a result of the impetus provided by GIBXSWAP. GIBXSWAP is about to begin "burning black hole mining" based on the GIBX POB (proof of burn) mechanism to cause deflation, the most robust innovative value consensus in 2021.

What is coin burning according to the GIBX POB (proof of burn) mechanism?

As the name implies, Coin burning is the deliberate 'burning' or elimination of coins by rendering them unusable on the GIBX POB (proof of burn). This is accomplished by sending a portion of the coins to an 'eater address,' also known as a 'black hole,' because the private keys to that address are not accessible to anyone. As a result, any coins sent to an eater address are unrecoverable and will never be usable again! These coins are effectively removed from circulation, and their existence is publicly recorded and verifiable on the blockchain-based on GIBX POB (proof of burn) mechanism.

Punching tokens into black hole addresses is the most common method on GIBX POB (proof of burn) mechanism. The term "blackhole address" (Eater Address) refers to an address where the private key has been lost or cannot be determined. These addresses are equivalent to black holes. They can only be inserted, not exported. Any token that reaches the black hole address on GIBX POB (proof of burn) mechanism is unable to be transferred or circulated in the market.

Below is are some famous Bitcoin and Ethereum black hole addresses:

1BitcoinEaterAddressDontSendf59kuE

0x0000000000000000000000000000000000000000

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

Coin burning uses the GIBX POB (proof of burn)method to ensure miners reach a consensus. The number of coins burned by a miner demonstrates his virtual mining power. As a result, the more coins there are, the greater the power, and vice versa. It is worth noting that, as in PoW systems, more mining power improves the speed with which new blocks are discovered. As a result, the miner earns more rewards.

GUSDTTM, GIBXSWAP’s native token, is a GIBX POB (proof of burn) token with a total issuance of 1 billion. GUSDTTM will no longer be able to enter the market once the black hole mechanism is activated thanks to GIBX POB (proof of burn) method.

With that said, GIBXSWAP introduces a new decentralised currency, "X", on its digital assets exchange platform. The new currency will be the GIBXSWAP platform's core token, and it will be used for voting, repurchasing, fundraising, trading, and earning coins. The emergence of "X" is primarily due to the gradual increase in the circulation of the original GUSDTTM market. The market value urgently requires a larger carrier to achieve breakthrough growth; the market requires new currency to stimulate. 

The maximum supply of "X" is one billion, and the block reward is 20 "X"s. Professional organisations such as Ernst & Young and Deloitte audit the "X" open source code to ensure safety. Simultaneously, X will support BSC, HECO, and ETH's decentralised cross-chain transaction protocol, employing "dual mining incentives through liquidity mining and transaction mining," allowing participants to maximise returns while seamlessly integrating with Binance and Huobi's massive global traffic and head resources.

X has an infinite value. GIBXSWAP will be one of the leading exchanges in the future, with a market value that is conservatively estimated to be hundreds of times higher thanks to the GIBX POB (proof of burn) method.

Stay tuned for our upcoming events and receive a free GIBXSWAP E-Book; click on the link below and fill out the form: 

https://gibx.info/register/

About GIBXSWAP

GIBXSWAP is powered by GIBX POB (proof of burn), a blockchain consensus mechanism with minimum energy consumption. With the access that GIBXSWAP brings, powered by this consensus mechanism, we will serve as a bridge between the worlds of digital assets and finance for investors and traders. GIBXSWAP is opening up the way for individuals, investors, and traders to maximise the benefits of a new financial system.

For more information:

Name: GIBXC GROUP PTY LTD

Website: gibxchange.io

Address: RELAXURY TRAVEL PTY LTD, SUITE 1112 , 401 DOCKLANDS DRIVE , DOCKLANDS VIC 3008

Email address: mathew@gibx.inf