i think its work, i get some detail from GCOX website..maybe u can have a look :)
The idea of Proof of Trade was conceptualised from a rebate model to reward usersfortrading
on the GCOX platform. The Applause Tokens (APL) are the gas tokens that control the
utilisation of GCOX platform resources and are required in order to transact on the Acclaim
Blockchain. With a totalsupply of 1 Billion APL tokens, 200 Million (20%) are pre-mined during
the Genesis block and the remaining 80% will be trade-mined. The Proof-of-Trade utilises
trade-mining to allow traders and users on GCOX’s decentralised exchange (DEX) to be
rewarded for trading activities on the DEX.
Trade-Mining is an innovative concept that allow users of the DEX to “trade-mine” and be
rewarded for using the DEX based on their trading value. This mechanism is structured to
incentivise the traders on the DEX and also to be involved in part of the generation process of
the remaining APL tokens. This block reward for trade-mining will also present itself as a form
of rebate.
The Proof-of-Trade will provide a mining mechanism in the GCOX ecosystem to facilitate the
release of the remaining APL supply while incentivising usersto trade on the DEX by rewarding
them in proportion to their trading value. The more you trade-mine, the more you are
rewarded.
yeah ,and which platform or trading projects using this ?im curious about this,its quite fresh
i think its work, i get some detail from GCOX website..maybe u can have a look :)
The idea of Proof of Trade was conceptualised from a rebate model to reward usersfortrading
on the GCOX platform. The Applause Tokens (APL) are the gas tokens that control the
utilisation of GCOX platform resources and are required in order to transact on the Acclaim
Blockchain. With a totalsupply of 1 Billion APL tokens, 200 Million (20%) are pre-mined during
the Genesis block and the remaining 80% will be trade-mined. The Proof-of-Trade utilises
trade-mining to allow traders and users on GCOX’s decentralised exchange (DEX) to be
rewarded for trading activities on the DEX.
Trade-Mining is an innovative concept that allow users of the DEX to “trade-mine” and be
rewarded for using the DEX based on their trading value. This mechanism is structured to
incentivise the traders on the DEX and also to be involved in part of the generation process of
the remaining APL tokens. This block reward for trade-mining will also present itself as a form
of rebate.
The Proof-of-Trade will provide a mining mechanism in the GCOX ecosystem to facilitate the
release of the remaining APL supply while incentivising usersto trade on the DEX by rewarding
them in proportion to their trading value. The more you trade-mine, the more you are
rewarded.
well explaination and very details, thank you so much for the sharing
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