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BLIX will require all its projects to hold at least 100 BTC in order to host their project on BLIX chain.
Although, it’s sounds a huge amount, but it’s not a big deal while BLIX is giving away loans to buy BTC with no collateral.
This means any developer can come and loan 100 BTC in BLIXCHAIN and start hosting their project. They just need to have 30% of money, rest can be loaned.
Market will see huge bull run once BLIX chain lunch officially on 01 January 2025.
BLIX’s initiative to make their project owners hold 100 BTC in #BLIX chain will allow the end users to have more faith in the project and incase the project owner runs away, the #BLIXCommunity can report and the 100 BTC holding will be auctioned and the money will distributed to investors.
What do you think? Is this a great initiative?
Although, it’s sounds a huge amount, but it’s not a big deal while BLIX is giving away loans to buy BTC with no collateral.
This means any developer can come and loan 100 BTC in BLIXCHAIN and start hosting their project. They just need to have 30% of money, rest can be loaned.
Market will see huge bull run once BLIX chain lunch officially on 01 January 2025.
BLIX’s initiative to make their project owners hold 100 BTC in #BLIX chain will allow the end users to have more faith in the project and incase the project owner runs away, the #BLIXCommunity can report and the 100 BTC holding will be auctioned and the money will distributed to investors.
What do you think? Is this a great initiative?
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