Question 1

What is the current price of GlobalBoost-Y (BSTY)?

Accepted Answer

The current price of GlobalBoost-Y (BSTY) is A$ 0.02997053, and it has decreased by -0.01% in the last 24 hours.

Question 2

Can you give me a brief on what GlobalBoost-Y (BSTY) is?

Accepted Answer

GlobalBoost-Y (BSTY) is a cryptocurrency that had its roots in a noble cause - aiding wounded soldiers. Inspired by a combat-wounded veteran, it emerged as a platform to enable easy crowdsourced funding and raise money for these heroes left physically scarred by wars. GlobalBoost-Y was born out of a fork from Litecoin and it had a 10% pre-mine to kick start its operations. Half of these pre-mined coins are earmarked for distribution amongst wounded soldiers. It follows a tiered “Reach \u0026 Release” timescale with an intention to payout over $100 million to charity. Meanwhile, the remaining 50% of the pre-mined coins serve the dual purpose of developing and maintaining an advertising platform.

Question 3

Who are the creators of GlobalBoost-Y?

Accepted Answer

As of now, a specific creator or team is not disclosed for GlobalBoost-Y. However, it was inspired by a combat-wounded veteran, and it's fair to say that this initiative is a collaborative endeavor by individuals who are passionate about helping those who have served and suffered in line of duty.

Question 4

How does GlobalBoost-Y work?

Accepted Answer

GlobalBoost-Y operates similarly to most cryptocurrencies. However, its unique selling proposition lies in its efforts to create a balance between creating a viable digital currency and contributing to a social cause. It generates new blocks every 30 seconds with a block reward of 95 BSTY coins. This block reward follows a halving cycle every four years, helping to control its supply and maintain its value. This value is boosted by the demand generated through the platform's advertising functionalities.

Question 5

What differentiates GlobalBoost-Y from other cryptocurrencies?

Accepted Answer

What makes GlobalBoost-Y stand out from the usual pack of cryptocurrencies is its inclination towards charity. It was specifically created with the idea to assist wounded soldiers in raising funds. Notably, 50% of its total pre-mined coins were intentionally reserved for distribution to wounded soldiers based on a tiered “Reach \u0026 Release” timescale aiming at a total payout of over $100 million to charity. This philanthropic facet in the world of cryptocurrency is what lends it uniqueness.

Question 6

What is the total supply and circulating supply of GlobalBoost-Y?

Accepted Answer

There will be a total of 1 billion GlobalBoost-Y coins minted over time. The current circulating supply is at 24.5M.

Question 7

Where can I buy GlobalBoost-Y?

Accepted Answer

GlobalBoost-Y (BSTY) can be purchased on YoBit, Probit. However, as with any financial decision, remember to do your thorough research before making any purchases.

Question 8

How is the value of GlobalBoost-Y sustained?

Accepted Answer

The value of GlobalBoost-Y is sustained through a balance of demand and supply. Demand for this cryptocurrency is driven not only by its utility as a digital asset but also the advertising capabilities of the platform. On the other hand, supply is controlled by a halving mechanism. Every four years, the block reward given to miners reduces by half. This ensures that the coin doesn't inflate over time, thus preserving its value.

Convert BSTY to AUD

Try our Crypto Pro app