PROB is the native utility token for ProBit Exchange. Users are eligible to get trading fee discount upon payment of the trading fee using PROB. The percentage of trading fee discount users will receive depends on the status of theirShow more [+] membership, which is determined by the user’s PROB holding. Holders of PROB can enjoy other benefits such as voting rights and airdrops.
ProBit will utilize 20% of its profits to buy-back the PROB tokens on the exchange. The buy-back will occur until 50% (i.e., 100,000,000 PROB) of PROB have been through the BUY-BACK program. The BUY-BACK tokens will be placed in a contingency reserve that will function as an insurance fund. The tokens in this reserve will only be utilized in limited scope cases that constitute as emergency situations.
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