It’s been a pretty quiet week, of course, the FTX case is gaining momentum, but there are also some interesting events happening in other areas. For example, ByBit is tightening its KYC policy. What does it mean? Non-verified users will now not be able to use fiat currency as a deposit, nor will they be able to conduct transactions on ByBit’s p2p and NFT marketplace. Accordingly, the limits for non-verified users will also change from 2 BTC/day to $20,000/day and $100,000/month.

🗞Here’s in the article we will take a close look at real case of loyalty points at the BIT.TEAM. 👀You will know why BTT could be named as stablecoin, due to what actions BTT price is increasing, and when will be the next token burning. ⌛️Read time: 5 min Read completely — https://bit.team/blog/how-the-btt-token-by-bitteam-on-decimal-blockchain-works-a-working-case-on-loyalty-points/

🔵 The Bit.Team irrevocably burns 20% of tokens in each company reporting period. The company’s first report was in the middle of the third quarter (22 August 2022). The next fourth quarter report is scheduled for January 2023 and every four months thereafter. 🔵 In order to burn 20% of the tokens of the total supply, Bit.Team must have them on its account. And since all tokens are already redeemed from the market and are held by users, the company to burn BTT must earn them from the services of its platforms or redeem the missing tokens from the market within 1 week before the burn date.

The new merch giveaway is coming to an end. Thanks for your participation! We want all participants who published their video content on YouTube to put links to videos into the Google form via the link: https://docs.google.com/forms/d/e/1FAIpQLSfvIQua9qsLN14E_xivxtzLRFNHUuua8w6YsvspG2LRrO-V-w/viewform As soon as Monday, we’ll announce the winners. Each winner will get a piece of our new merch.

The team of BIT.TEAM added the contract of BTT into BSC (Binance Smart Chain) network by Decimalchain cross chain bridge. Here is the contract address: https://bscscan.com/token/0xec6432b90e7fd4d9f872cc5c781f05b617db861e. A new trading pair BUSD/BTT was added as well: https://pancakeswap.finance/swap?inputCurrency=0xec6432b90e7fd4d9f872cc5c781f05b617db861e&outputCurrency=0xe9e7CEA3DedcA5984780Bafc599bD69ADd087D56

All users of BIT.TEAM exchange are well-known with BTT token and its perks and benefits. In the article the previous week we carefully described all available possibilities for users (that’s a lot!). One of the significant BTT token feature is a technically prescribed burning functionality. Once in a quarter BIT.TEAM…