Question 1

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

Accepted Answer

The current price of GlobalBoost-Y (BSTY) is XRP 0.02513097, and it has decreased by -0.55% 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.

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