Dear CITEX users,
CITEX will list SIT on Innovation Board, and open the trading pairs for SIT/USDT .
Deposit: 14:00 on 27th Oct, 2021 (UTC+8)
Trading: 15:00 on 27th Oct, 2021 (UTC+8)
Withdrawal: 17:00 on 27th Oct, 2021 (UTC+8)
Based on blockchain technology, silicon takes Proof-of-Balance as consensus mechanism by combining the advantages of PoW and PoS,to build a fair, green, independent, open and win-win digital society through the six in one framework of energy-saving mining output, reasonable staking model, network node service, green digital assets, Dao autonomy and a new generation of smart contract.
Proof-of-Balance automatically adjusts the difficulty of mining by staking, avoids over-centralization of computing power, and greatly increases the cost of double-spending attacks (the attacker must have both enough plots and funds), and finally achieves the workload and capital, the balance between giants and retail investors, interests and contributions,realizing a more complete, stable, long-term and safe mining ecosystem.
Maximum Supply: No upper limit of total amount , about 4608 blocks per day, each block produces 1 SIT, the amount of produced is halved every 3 years
Circulating Supply: 500,000
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25th Oct, 2021