The MyBit Token is used on the Mybit platform to offer rewards to users who use the platform to invest in revenue generating schemes. The crowdfunding helps raise revenues. The revenues that accrue on various investment instruments are distributed to users, using the reliable blockchain technology. This eliminates fees and the costs associated with brokers.
The Mybit platform helps distribute revenue to investors. This is usually a difficult process that also involves additional charges. The Mybit platform does away with the fee and delays, allowing users to receive automated revenue transfers. Users purchase Mybit tokens and receive returns on it. They can earn commissions on the tokens in their wallet.
Users can persuade investors to crowdfund their business. In turn, investors get part of the revenue that the business generates. In particular, MyBit Tokens are used for crowdfunding the purchase of machinery and equipment. The revenue generated from the use of the equipment helps repay the investors. The app tracks machinery usage, to calculate revenue generated.
The process of repayment, in form of revenue distribution, is special focus of Mybit.
Once the users have bought tokens, they can earn commissions on the tokens. The tokens cannot be transacted for a few months. Once the maturity period is over, the user can move their currency as they like. In the meantime, the coins keep earning revenue for the users. Users may also receive 2% of transaction fees, charged on investments.
Businesses and startups that are looking to crowdfund for their business plans can get access to ready investors through the platform. On the other hand, investors can offer financing for projects they think will generate the most revenues. The revenue generated through the crowdfunded machines are then distributed among the investors.
Mybit particularly focuses on clean energy initiatives. Thus, for businesses looking to raise funds to buy solar panels and so on, might want to use this platform. Investors who want to earn good returns, choose the right machinery and invest in coins. This is one initiative that will also be good for the environment, supporting the purchase of green energy generating machines.
However, the promoters are not limiting their aims to green energy. They are looking at industries likely to make news in the future such as AI, and allow crowdfunding for related equipment.
With the focus on helping open up different investment opportunities, tracking returns on investments, and revenues are distributed to the investors using the blockchain.
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