JobCoin will launch IEO with BitKing, which boasts the world’s largest leverage of 200x, following IEO on CoinBene.
Details will be available on the BitKing site. While on CoinBene, only BTC can buy JobCoin, however on BitKing, it can be purchased by six currencies: BTC, ETH, BCH, XRP, ADA, XLM.
BitKing IEO website：https://bitking-trading.com/IEOinfo.html
IEO Duration: 15 May 2019 (Wednesday), 21:00 JST to 16 May 2019 (Thursday), 23:59 JST
IEO Lock-Up and the bonus rates:
- Locked for 1 month – 10%
- Locked for 3 months – 20％
- Locked for 6 months – 30％
- Locked for 1 year – 50％
BitKing is a leverage exchange that boasts the world’s largest leverage ratio of 200 times.
With BitMEX’s 100-fold leverage rate, BitKing’s ability to leverage 200-fold makes it an attractive exchange.
The JobCoin token holders can use it as margin, since it has been officially adopted as Bitking’s Exchange Platform Token, and reserved currency for margin trading.
What is IEO (Initial Exchange Offering)?
IEO (Initial Exchange Offering) refers to the fundraising which the project consigns a specific exchange for selling and distributing tokens to their investors. When IEO starts, investors can directly purchase tokens from the exchange.
In addition, the chance of investors will be fooled by fraudulent token sales is expected to be drastically reduced as the exchange performs preliminary screening of tokens.
In the previous IEO conducted by Binance, the “BitTorrent (BTT)” token sale ended in about 18 minutes pricing 10 times higher than the IEO original sale price.
Also, the “TOP Network (TOP)” conducted on HUOBI sold out within about 10 minutes and priced 17 times higher.
Yet the coin with the highest growth rate among others is “Chronocoin (CRN)”, which is listed on the cryptocurrency exchange “CoinBene”, one of the TOP 10 cryptocurrency exchanges, and it has soared 40 times higher from the IEO sale.
Since Chrono Coin (CRN implemented IEO at CoinBene and the price has risen 40 times without being sold out, it is expected that JobCoin, which will be listed on CoinBene on May 17th, will have a further price increase.
JobCoin Will be the Exchange Platform Token of BitKing
BitKing is a cryptocurrency exchange that provides margin trading services and boasts the world’s largest leverage of 200x.
While BitMEX’s leverage is limited to 100x, BitKing’s ability to leverage 200x makes it an attractive exchange.
Initially, BitKing was planning to issue its own exchange coin, but since it shared its philosophy with JOBCOIN which they both want to donate a part of the revenue from the exchange to different countries. BitKing has decided to adopt JobCoin as its Exchange Platform Coin.
What is Exchange Platform Token?
Exchange Platform Token is a token issued by the cryptocurrency exchange independently. While the cryptocurrency market in 2018 has been a bear market, exchange tokens such as BNB tokens (Binance) have tended to increase their value as the exchanges’ services expand. BNB token (Binance) is an exchange token that has soared about 200x or more, and besides BNB token, there ate HT token (Huobi), OKB token (OKEx), etc. also r4emained favorable when compared with other typical cryptocurrencies.
JobCoin will be used as BitKing’s Exchange Platform Token, as well as margin by investors. There is a possibility that JobCoin will also follow the same path as other well-known Exchange Platforms Tokens.
What makes BitKing attractive?
- Normally, high leverage (up to 200 times) will result in high risk / high return investment, whereas with BitKing, the risk can be mitigated. For example, if you trade with 100JOB as margin, even if it becomes 0 ーworthless, after one year 50% of JOBCOIN will automatically come in as a bonus. I this case, 50 JOB will be at hand. Therefore, it provides an option to trade in the position which initially thought to be risk-taking.
※ Execution of the trade depends on your own decision.
- If the number of JOBCOINs increases by trading and the value of JOBCOIN increases a year later, you can profit from the increased value. For example, a trade started with 100 JOB as margin with the value of 1 JOB = 1 ¢, and one year later the total 200 JOB are held. If the value of JOBCOIN after one year increased10 times (1 JOB = 10 ¢), the profit of 200 JOB × 10 ¢ = 2,000 ¢ can be possible. That is, what started with 100 JOB = 100 ¢, became 200 JOB = 2,000 ¢. The value now increased to 20x, can be taken as profit. Conversely, even if the value of JOBCOIN falls to 1/10, from 1JOB = 1 ¢ to 1JOB = 0.1 ¢ , by trading with BitKing and increasing to 1,000 JOB, it is possible to assure the original value.
※ The above is limited to supposition. Ultimately your own judgment will be required.
Potential of its Pay-As-You-Go Business Model
To predict the potential of JOBCOIN’s Pay-As-You-Go Business Model(patented), there is the Wagestream’s success which also employs the same business model, and came out with a statement that the company will raise a round of financing from Village Global. Village Global is a venture capital consists of members of legendary entrepreneurs of our time, such as Facebook’s CEO Mark Zuckerberg, Amazon’s founder, CEO, chairman Jeff Bezos, and Microsoft’s founder Bill Gates. Such highest-net-worth individuals in the world convey the excellence of this business model, which Grameen Bank of Bangladesh has developed microfinance to the poor using this model and won the Nobel Peace Prize respectably.
While the charitable work of the Bill & Melinda Gates Foundation, which advocates that fulfilling financial services to the poor will be a solution out of poverty, Village Global has invested in Wagestream. These facts prove the potential of JobCoin’s business model.
Future Landscape of JobCoin
JobCoin is a FinTech company organized by elite specialists in the fields of blockchain, AI, IOT, and quantum computing, which aims for financial big-burn.
In the future, JobCoin will announce the release of JobCoin Exchange in different countries, in order to enable JobCoin payments around the world. By utilizing the VISA network, and licensing in each country ー Singapore, Japan, the United States, Korea, the UK, the EU, Asia, the Middle East, and Africa, the building network is in the process.
Furthermore, JobCoin has been developing proof-of-sharing with the aim to solve the problems of proof-of-work, proof-of-stake, and proof-of-concept. As the first step, it will be proving router-integrated server for the major software and hardware companies and, through using it as a super-distributed node, JobCoin will be provided as an incentive for sharing of free space in the server.
From now on, Ripple founding member, and developers of Bitcoin and Ethereum will collaborate for building JobCoin’s own blockchain which can solve server load caused by the rapid increase of IoT transactions, and also support big data analysis by AI, etc.
JobCoin has agreed to donate a part of the revenue through the partnership with the largest exchanges and providing payment systems. The details will be released later by the media.
BitKing Official website: https://bitking-trading.com/
JobCoin Official website: http://jobcoin.ch/
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