The crypto winter is continuing to rapidly recede.
18 Apr 2023, 17:04
The crypto winter is continuing to rapidly recede.
Since Bitcoin broke the $30,000 mark on April 11 it has hovered around this price and will soon go even higher, according to experts.
Such positive changes tell us that it's time to return to the old payment scheme that the company had before the start of the crypto cooldown.
As you may remember, beginning on October 12, 2022, we started paying you compensation from the insurance fund so that your mining rewards would not be too low.
At that time, there were 16.1 BTC in the fund. In 7 months, we have paid out 39.65 BTC to token owners and 1.95 BTC to NFT holders in addition to the amounts mined.
Our company paid out the missing 25.5 bitcoins from its own fund, because we promised to support you until the crypto winter ends.
And now this day has come.
Against the backdrop of a growing bitcoin, we have decided to bring back C3 (insurance costs) and C4 (management fee) payments.
Now, if the price of BTC is above $30,000, then on this day we will deduct 2% of the pool accrual amount to the insurance fund.
At a BTC price of $35,000 and above, we will take 8% of the pool accrual on this day to account for management fees. These are the costs associated with the IT development, management, and legal support of the project.
Such measures will help us to accumulate a new "safety net" to survive the next crypto winter.