Skycoin

S

Skycoin

Decentralized cryptocurrency exchange XBTS.io is set to offer its users the ability to buy, sell, and earn Coin Hours on its DEX beginning July 29, 12:00 UTC. Skycoin automatically generates a parallel currency called Coin Hours (SCH) at the rate of one Coin Hour generated per hour, per Skycoin. While Skycoin has been tradable on major exchanges for many years, XBTS represents the first time Coin Hours have been made available to trade on an exchange as a separate and distinct crypto asset. XBTS DEX is a BitShares-based decentralized exchange, which means that Coin Hours will have 45 trading pairs the moment it is listed. What are Coin Hours? Skycoin is a deflationary currency, with a total supply ultimately capped at 100 million coins. Coin Hours, on the other hand, were designed to be an inflationary currency with inbuilt deflationary control mechanisms, encouraging users to spend and trade Coin Hours instead of Skycoin. In short, Coin Hours are: - A commodity currency backed by the digital asset of bandwidth on the Skywire meshnet. - The basis of the first bandwidth market in history. - A form of interest on your investment in Skycoin. - A way to keep your transactions free - An anti-spam mechanism which prevents people from attacking the network with many tiny transactions. Learn more at www.skycoin.com/blog/posts/sch-listing-on-xbts/