Runixcoin Whitepaper

This whitepaper explains the use-case of The Runixcoin (RUNIX) Token


What type of token is Runixcoin?

Runixcoin is a utility token

"a digital token of cryptocurrency that is issued in order to fund development of the cryptocurrency and that can be later used to purchase a good or service offered by the issuer of the cryptocurrency."

β€”Merriam-Webster, Merriam-Webster.com Dictionary

The Runixcoin Token Explained

Peer-to-peer instantaneous transactions

Sending cryptocurrency to other Runixcoin users are free and instant and occur using encrypted hashing algorithms within Runixcoin's source code.

Funding

When profits are generated by the Runixcoin platform, within the portion distributed to the Runixcoin Cryptocurrency Exchange: 25% of all profits will be initiated as limit buy orders (at the best ask price), another 25% will be initiated as sell offers for the token (10% higher than market price), thereby increasing the price of the token over time for all holders/users to enjoy profits. The remaining 50% will be distributed to fund the liquidity pool. The token can be traded on our platform along with other cryptocurrencies, the direct link to purchase Runixcoin for the RUNIX-USDT pair can be found at this link.

Incentives

Giving back to holders: 10% of all profits recieved by Runixcoin are redistributed to all token holders that verify the holding address or by simply holding the token on our exchange, thereby increasing benefits of holding.

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