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Probinex

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Discover Probinex's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Probinex?

Probinex (PBX) is a utility token that powers a comprehensive ecosystem of cryptocurrency and fintech solutions. It aims to bridge the gap between traditional financial markets and the world of cryptocurrencies, offering a range of products and services including a regulated exchange, investment platforms, and a loyalty program called StayKing. The token provides various benefits to its holders, such as lower exchange fees, higher returns on investments, and access to exclusive events.

How is Probinex used?

Probinex (PBX) is the native cryptocurrency of the Probinex exchange platform. It serves various purposes within the ecosystem:

  • Trading Fees: PBX tokens can be used to pay for trading fees on the Probinex exchange, offering lower fees compared to other payment methods.
  • Community Governance: PBX holders participate in community governance, influencing the direction and development of the platform.
  • Staking Rewards: Users can stake their PBX tokens to receive rewards, which are generated by semi-to-fully-automated trading strategies.
  • VIP Events and Airdrops: Token holders gain access to exclusive events and airdrops of partner projects' tokens.
  • StayKing Program: By locking PBX tokens in smart contracts, users can participate in the StayKing program, which offers monthly rewards and benefits within the Probinex ecosystem.

How do I store Probinex?

To store Probinex (PBX) tokens safely, consider using "Cold Wallets," which are offline wallets. There are two types of cold wallets:

  1. Paper Wallet: This is a simple, offline wallet created by generating a public and private key using a program. The keys are printed in the form of QR codes, which can be scanned for future transactions. Store the paper securely to protect your assets.

  2. Hardware Cold Wallet: This is a physical device that stores your cryptocurrency. Your crypto addresses and keys are kept in a USB drive device, and only the person with the USB drive can access the assets. Hardware wallets are preferred by many users, especially for storing large amounts of coins or tokens.

How to buy Probinex?

To buy Probinex (PBX) tokens, follow these steps:

  1. Choose a Reliable Exchange: Find a reliable centralized exchange where Probinex is listed. You can refer to Coinmarketcap.com's Markets section for a list of exchanges that support PBX.

  2. Set Up a Crypto Wallet: Download and set up a crypto wallet like Trust Wallet. Ensure you keep your seed phrase safe and note your wallet address.

  3. Buy Base Currency: Buy BNB as your base currency on Binance. If you are not an existing user, refer to the guide on registering and buying your first cryptocurrency on Binance.

  1. Transfer BNB to Your Wallet: Send the BNB from Binance to your Trust Wallet. Set the network to BNB Chain and provide your wallet address and the amount you want to transfer.

  2. Select a Decentralized Exchange (DEX): Choose a DEX that supports your wallet. For example, if you use Trust Wallet, you can go to Pancake Swap.

  3. Connect Your Wallet: Connect your Trust Wallet to the DEX using your wallet address.

  1. Trade for Probinex: Select your BNB as the payment and select Probinex as the coin you want to acquire. If Probinex does not appear, find its smart contract address on BSCScan and paste it into Pancake Swap.

  2. Complete the Swap: Click the Swap button to complete the transaction.

Alternatively, you can also buy PBX tokens directly through Transak using EUR via SEPA transfer or card payment. Follow the step-by-step guide on the Probinex website for this method.

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History of Probinex

The history of Probinex (PBX) began in 2021 when all 550 million PBX tokens reserved for token sale were sold, establishing a solid financial foundation for Probinex worth 17.6 million USD. This capital enabled the project to become self-sustaining, building an ecosystem of products and sharing its successes with the community.

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How Probinex works

Probinex is a cryptocurrency project that aims to bridge the gap between the traditional financial world and the world of cryptocurrencies. At the heart of the project is the native utility token, PBX, which fuels the entire ecosystem. Here's how it works:

PBX Token

The PBX token is the central component of the Probinex project. It was created to connect and fuel the various products and services offered by Probinex. The token has several benefits for its holders, including lower exchange fees, higher shares of returns from the Earnio platform, access to VIP events, and airdrops of partner projects' tokens. There are a total of 1 billion PBX tokens, with 50% of them scheduled to be gradually burned by purchasing tokens equal to 20% of the Exchange's revenues each quarter and sending them to a burn address.

StayKing Loyalty Program

One of the key features of Probinex is the StayKing loyalty program. By locking their PBX tokens in smart contracts, users can participate in the overall performance of the Probinex project and receive monthly rewards. Currently, 520 million PBX tokens (52% of the total supply) are locked in StayKing.

Earnio Platform

Earnio is a regulated investment platform that utilizes cryptocurrencies. It offers users the opportunity to invest in cryptocurrencies through semi-to-fully-automated trading strategies. The platform aims to provide stable returns of around 4% per month, with the revenue distributed among clients based on the size of their investment or staked PBX. Earnio addresses inflation and money devaluation by offering a share of the trading results without any entry, exit, or management fees.

Probinex Exchange

The Probinex Exchange is a unique platform that allows users to trade cryptocurrencies and other assets in a centralized and regulated environment. It tokenizes forex, stocks, commodities, and other derivatives, merging all markets into one pool. This approach aims to simplify market access and offer investment platforms compliant with regulations, making it attractive to both retail traders and large institutions.

PBXpay

PBXpay is an e-wallet with an IBAN and payment card that enables users to make payment transactions instantly and rewards clients with cashback options. This service is designed to make it easy to operate within the entire ecosystem.

Regulation and Compliance

Probinex is committed to operating in a regulated environment. It holds a VASP (Virtual Asset Service Provider) license, which allows it to run its own spot exchange. This ensures that users can transfer, buy, and sell cryptocurrencies with ease and confidence.

Community and Development

Probinex has an active community with a strong presence on social media platforms like Telegram and Twitter. The project is constantly evolving, with new products and services being developed to enhance the user experience. The team behind Probinex consists of over 30 internal members and numerous freelancers and advisors, ensuring that the project stays on track to achieve its goals.

In summary, Probinex is a comprehensive cryptocurrency project that offers a range of products and services designed to simplify market access and provide users with a secure and regulated environment to invest in and utilize cryptocurrencies. The PBX token is the central component that fuels the ecosystem, offering various benefits to its holders.

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Probinex's strengths

The token Probinex (PBX) has several strengths that contribute to its potential and value within the Probinex ecosystem. Here are some of the key strengths:

  1. Lower Exchange Fees: Holding PBX tokens allows users to benefit from lower exchange fees, making trading more cost-effective.

  2. Higher Share of Earnio Returns: PBX token holders can earn up to 50% of trading results through the Earnio platform, which utilizes semi-to-fully-automated trading strategies to generate stable returns.

  3. Access to VIP Events: Token holders gain access to exclusive VIP events, both in-person and online, offering opportunities for networking and learning.

  1. Airdrops of Partner Projects' Tokens: PBX token holders are eligible to receive airdrops of tokens from partner projects, expanding their exposure to various cryptocurrencies.

  2. Token Burning Mechanism: The tokenomy includes a burning mechanism where 20% of the exchange's quarterly revenue is used to purchase and burn PBX tokens, reducing the total supply and potentially increasing the token's value.

  3. Regulated Environment: Probinex operates in a regulated environment, ensuring compliance with international financial licenses and providing a secure and reliable platform for users.

  1. Diverse Passive Income Opportunities: The PBX token offers various passive income streams through its integration with different products within the Probinex ecosystem, such as Earnio and StayKing.

  2. Freely Tradable: PBX tokens are freely tradable on multiple exchanges, allowing users to easily buy and sell them.

  3. Strong Community: The Probinex project has a dedicated community and a Telegram group where team members engage in discussions, providing support and updates to users.

  1. Comprehensive Ecosystem: The Probinex ecosystem offers a suite of products, including a unique exchange, investment platforms, and a payment app, all centered around the PBX token, providing users with a comprehensive suite of tools for cryptocurrency trading and management.

These strengths position the PBX token as a valuable asset within the Probinex ecosystem, offering users a range of benefits and opportunities for growth.

Probinex's risks

Probinex (PBX) is a cryptocurrency project that aims to bridge the gap between traditional financial markets and the world of cryptocurrencies. It offers a comprehensive ecosystem of products, including a unique exchange ready for the regulated world, a compliant investment platform, and its own utility token, PBX. The project's goal is to simplify market access and offer investment platforms compliant with regulations thanks to international financial licenses.

The financial risks associated with Probinex (PBX) include the potential for software bugs, unclear legislation, and the reluctance of traditional financial institutions to embrace cryptocurrencies. These challenges can hinder the widespread adoption of digital assets among the general public. Additionally, the market for cryptocurrencies is often characterized by unclear regulations, leading to legal consequences for exchanges operating without necessary licenses. This can result in issues with trading and withdrawing cryptocurrencies, as banks may limit options for safely cashing out virtual currencies through local exchanges, leading to blocked transactions.

Furthermore, the project's reliance on its utility token, PBX, means that the token's performance is crucial to the overall success of the project. The token's price can fluctuate, and market share drops can lead to significant price decreases. For instance, if the M0 crypto market share drops to 16%, the price of PBX could drop to $0.1078. These risks underscore the importance of careful consideration before investing in Probinex (PBX) or any other cryptocurrency project.

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Probinex's ecosystem

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Probinex’s team

  • Michal Baturko Olbert: Head of Business Development, co-founder, and board member with over 17 years of entrepreneurial experience, responsible for the business strategy of the project.
  • Adam Neuberger: Head of PR & Communication, co-founder, and expert in cryptocurrencies with experience in fundamental and technical analyses for traders.
  • Stavros Hodjikyriacou: Head of License & Regulatory, a key figure in the CyBT (Cyprus Blockchain and Technology Association).
  • Ondřej Koraba: Head of Marketing.
  • Lukáš Straka: Head of Operation & Product Manager.
  • Barbora: Team member (no specific role mentioned).

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