SOBIT - The First User-owned Exchange Platform

The influx of people into the cryptocurrency market has made an astronomical rise in the adoption of blockchain technology. Numerous supporters, investors from different field of professions and businesses around the world have embraced new technological innovation which has helped reshape the world. Basically the rise of cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations One firm at the forefront of this innovation is SOBIT

ABOUT SOBIT

Sobit is the first user-owned digital assets exchange. Nowadays, traditional centralized exchanges hold a lot of wealth. When these wealth are gathered in the hands of a small number of private owners, they may secretly manipulate the market for more benefits, damaging the interests of other users and even the industry.

In order to build a more free and transparent platform, we redefine traditional equity as quasi-equity on Sobit platform. As long as you hold an amount of SBT, you can enjoy all the rights of the quasi-equity. Besides, we are developing a user autonomous community where all shareholders can join and easily exercise their rights. There are three basic rights on Sobit platform: dividends, the right to vote and the right to know.

The main goal of the Sobit project is the creation of a digital exchange that belongs to users, functioning on which people receive preferences. For example, dividends. The operating platform has a certain profit — intraday income minus the cost per day. If the user has 1% of the offer of tokens, then he is entitled to 1% of dividends.

features;

Shareholding Plus Community Autonomy:

The platform gives quasi-equity rights to the users who will hold a number of SBT tokens. Quasi Equity means where a debt has some traits of equity or in other words it is a non-legal equity. The quasi-equity rights include receiving dividends, voting rights, right to know etc.

Dividend:

If a user holds a certain amount of SBT which accounts for 1% value of total circulation then the user will get 1% dividend on the amount of profit made. For example, on a profit of 100 BTC the user will receive 1 BTC.

Rights and Obligations:

The users will get access to the quasi-equity rights depending upon the amount of SBT he/she holds. If the user holds SBT less than 1000 then he can not have access to any rights. If the hold tokens are more than 1,000 and less than 20,000 then the user will get dividend from the platform. The users who hold 20,000+ SBT will enjoy all the quasi-equity rights on the platform.

Community Autonomy:

The platform will develop a reward system where the users, team and developers will be rewarded for contributing on the platform and helping the platform develop.

Trans-Fee Mining:

Sobit exchange platform as adopted a different method of charging transactional fees which is trans-fee mining. In this method the user when pays the transaction fee, gets back the fee amount in the form of platform specific tokens. In Sobit, 80% of the transaction will be reimbursed to the users in the form of SBT. The amount of Trans-fee mining will be reduced based on the total amount of circulating supply.

Daily income is the total revenue for the given day, which includes:

listing fees;
commission on transactions;
commission for withdrawal of funds;
commission for advertising, etc.
Daily expenses are:

average labor costs;
the content of the site;
the maintenance of servers;
advertising costs, etc.
If the user has SBT tokens of at least 1,000 units, he is entitled to receive dividends, but not more. If the user has less than this amount, then he has no rights completely. If he has 1000 to 20 000 SBT — the user is entitled only to dividends. When a user has more than 20,000 coins, he can realize all the rights to quasi-capital and join the Sobit community, having different advantages.

On the eco-platform, a community will be created where users with 20,000 SBTs and more will be received to specifically impact the work of the platform. The community will have complete autonomy on a separate platform, where a fund of rewards will be created, and vital community missions will be identified. Developers, teams and individuals will receive rewards for a certain contribution to the development of this community. The platform will grow with its users. The level of security and cohesion will increase.

Sobit Technologies
On the platform there will be significant events that will really affect the work of the exchange.
Informing the community about new platform features, industry news, plans.
On-line, platform managers will communicate with users.
Users will be able to vote for the proposed solutions, take part in new projects, receive payment in the following form and for various actions:

referral commissions;
participation in customer service;
platform testing;
money transaction;
message about bugs on the platform;
bringing new business partners to Sobit, and so on.
Users of the platform will be able to make new friends among the famous crypto-enthusiasts and ordinary customers of the exchange. Regular reports on financial activities of Sobit are also included in the list of actions to be carried out on the platform. With the help of this information, monitoring will begin.

In addition to certain rights, the community platform will have responsibilities, for example, maintaining confidentiality of information relating to the internal affairs of the exchange. Users do not have the right to expose the platform in a bad light, violate the rights of other users.

In Sobit there will be free entry and exit — anyone who does not want to use the exchange any more will be able to leave it. When you join, you need a minimum amount of SBT that is frozen. They are defrosted if they wish to leave the platform.

All users will be able to use the support, which works with each client individually.

THE UNIQUENESS OF SOBIT EXCHANGE

Sobit platform specializes in digital trading and cryptocurrency mining. All processes within the project are fully automated thanks to artificial intelligence. The work of Sobit is based on blockchain technology, which reliably protects the users’ information and money. Moreover, the undoubted advantage of blockchain is the ability to integrate any technology into the project without additional settings. The project launches a news line, where users can track the internal news of the project, as well as learn about the changes in the world of cryptocurrency. The internal chat of the project will allow investors to communicate directly, and for traders - to negotiate additional conditions of transactions within short period of time.

Fast Transactions: Up to 2 milions times per secon ensured an elegant and comfortable trading experience

Highly Safe Platform: The process guarante 95% cold wallet processing of digital asset, multipe audit, offline signature and multipe key co-management to ensure to your funds are safe

Autonomical: User-centric and community centric

Simple To Use Trading Platform With Advance Charting Tools by Tradingview

An Easy To Use User Interface

TOKEN INFORMATION

The creators of Sobit made a new ecosystem that works on the block, supported by the SBT tokens. Each user who owns a certain number of these coins has the right to receive dividends from the activities of the platform.

To date, 10 billion SBTs have been produced, they do not plan to release them additionally. Depending on the number of SBT coins that the user has available, his right is realized — to determine the future development of the platform. Creators are planning the emergence of a completely new ecosystem on the blockhouse, which is in full ownership of users.

SBT coins are a direct proof of all rights to the platform. Tokens, in general, will be produced in the following forms:

Mining transactions;
private placement of investors;
remuneration to the community.
On the platform, users will have the right to quasi-capital, in accordance with the offer of coins on the exchange. This concept includes the following advantages:

dividends;
the right to receive information;
the right to vote and the like.
The notion of quasi-capital also includes opportunities to exercise the right to own returnable capital, without taking on legal obligations.

Token – SBT
Total Supply – 10 Billion SBT
Price – 0.00025 ETH
Soft Cap – $1M USD
Hard Cap – $5M USD

Distribution of tokens with ICO

Miners — 49%
Private sale — 5%
The team is 20%
Partners — 10%
Fund — 16%

FUND ALLOCATION

49% of the fund is reserved for Trans-fee mining
20% is allocated for the Team and Advisors
Private Sale amounts to 5%
10% of the fund goes for promotion and partnership
16% is reserved for the community

ROADMAP

TEAM

FOR MORE INFORMATION ABOUT THE PROJECT PLEASE VISIT THE BLINKS I HAVE PROVIDED BELOW;
Website: https://sobit.one/

Whitepaper: whitePaper_EN.pdf

Telegram: https://t.me/sobitExchange

Twitter: https://twitter.com/sobitone

Facebook: https://www.facebook.com/sobitone

Author: BrainerdPaul

BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1680409