QIBUCK COIN NEWS
BAG BONUS WILL BE PAID AT BI MONTHLY INTERVALS – ALERT EDIT
Qibuck coin is going in it’s third month and has successfully survived through high and lows in the CryptoSphere. QIBUCK Coin was primarily created to create a value coin in a much volatile Crypto Market and to make an effort to generate consistent returns and bonuses for those who Hold the coin for the longer term.
Through trial and error the QIBUCK TEAM has decided to make some core changes in the PROOF OF BAGHOLD Concept to make it more lock tight and rewarding for Holders of a more longer term nature. We have found that Bagholders only holding the coin in their wallets for several days to get the Bagbonus Reward then dumping the coin massively hasn’t bode well for the price or for the ideal behind the coin itself, which was to REWARD FOR LONG TERM HOLDING. Also making monthly bag bonuses is actually generating more assets slower for QBK as a whole and we find that it would be better to pay Bagholders at bi monthly intervals, giving the Team more time to generate MORE long term assets and Profits for the Coin and for the Bagholders. Also having more time to generate revenues than doing the monthly accounting will be more beneficial all round. Angel Investors will continue to be paid monthly though as there are only 2 of them.
This is what the new Bagholder Terms will be to create a more Bagholder Worthy Coin and hep the price also to steadily and gradually increase as more assets and revenues are created and less coins on the market to be sold, the value of the coin should see a steady uptrend.
NEW QBK BAGHOLDER TERMS
1. The Bagholder must incubate and stake at least 500 QBK in their downloaded wallet to be eligible for Bag bonuses BI MONTHLY This minimum is raised from the 100 coins as all our team think it is now way too low a minimum to be receiving these kinds of bonuses. A lot of work goes in trading, mining, research and website building, due diligence to generate the consistent returns we are thus having so far. We will though be launching our private forum over the coming 2 weeks whereby there will be weekly contests and giveaways to help smaller holders earn coins through various activities which will help promote the coin and also help smaller holders increase their Bags. For example we will launch video contests whereby the top winner may win a whole bag to Incubate of 500 coins and all other contestants can win a small bag for entering to give all levels of Crypto Enthusiasts a chance to participate and Baghold for Bonuses.
2. Bagolders need re register if they want to get paid in BTC..Otherwise screenshot will be taken A WEEK BEFORE the payment commences for bagbonuses, in this instance on the 4th of Dec. Bagholders must retain their coins for the two months in stake if they want to get paid.
3. Extra bag bonuses for higher staking bags.: We will award those with 5k or more QBK staked with 0.5% extra bag bonus, those with 10k or more with 1% extra bag bonus and those with 20k or more staked 2% extra bag bonus per 2 MONTHS. There is NO upper limit now for holding coins. We tried to make an upper limit with the intention of not allowing whale manipulation on our coin but that didn’t prove to be working. We believe that future demand for a bonus generating, asset growing coin will create more and more solid bagholding and with more coins locked away for staking there should be less volatility in the Marketplace. This is an OVERRIDE Bonus on top of the normal Bagbonus to be given to all Bagholders holding 500 QBK coins or more.
QIBUCK COIN CURRENT PLANS IN PROGRESS
Currently we are in talks with another coin of value, ABUNDANCE COIN, to start creating revenue generating websites. We have one planned to be created this month and will be the first of many to come.
We are also looking at hoarding more store of value coins like DNOTES, which have shown an extraordinary growth since their inception and are also in the category of long term holding and is geared to savers and asset collectors. We want to be an integral part in solidifying the Future of Crypto Currencies geared more towards those who wish to diversify their savings in anything other than Fiat which has steadily shown a decline and depreciation in value over time. Other new Asset Backed coins of Interest we will be also working with is UCI Coin which is geared more to offline Investment Projects such as Tea Plantations etc through its crowd funding portal and there is of course still the XC Collaboration Project which is still on, just waiting for the XC Team to be ready to deliver with the Tech. Not everyone is a trader or a miner and we know that many people want to generate a source of revenue for their savings, this is where QBK hopes to excel over the coming months and years, to be a vehicle for long term savers to appreciate their current asset holdings.
We believe that those sharing our vision and who have invested in our Crypto Currency will be delighted with the new changes that will not only help the price appreciate in value over time but should bring even better returns/ bag bonuses for their bags in staking mode. Also smaller term holders or bag holding aspirants will be able to win their ay to staking bags with our forthcoming big contests and giveaways planned over the coming weeks.