Page 7 - CBI Magazine_August 2021

CBI MAGAZINE | August 2021
Cryptocurrency was not unaffected by the rollercoaster ride that seems to have become our daily reality, which is a clear indication that complacency has no place in the life of the, even moderately keen, investor.
True to form, the assets rallied at the beginning of June, with another dip towards the end of the first week, apparently, as a result of an Elon Musk tweet, yet again. Although a relatively new kid on this block, a whale causing waves, nonetheless. But, realistically, what can be expected for the future?
Well, when you see headlines like: “Regulators starting to take cryptocurrency seriously” - CoinShares exec says, “Cryptocurrency Revolution” – CGTN, “Google to Let Crypto Exchanges and Wallets Target US Users” – U.Today and “Tanzanian President Urges Central Bank to Prepare for Crypto” – Finance Magnates, one must conclude that it’s highly unlikely that the recent volatility is indicative of the end in sight. Quite contrary, it would seem that these official financial bodies and, especially, the media at large, are willing to come to the party albeit with a somewhat sheepishly
cautious, tongue-in-cheek approach. We also need to remember that the word cryptocurrency has us immediately thinking Bitcoin, Ethereum, Litecoin and all the older, more common coins, in spite of the fact that we know there are 1000’s of coins in the market these days. As a result, there are 100’s of low cap altcoins with 10X, 100X and even 1000X potential! But we don’t have to worry about how to find them and invest. As a member of CBI, that all gets taken care of, for you.
So let’s look at the CBI Ecosystem:
1. CBI Association: This is the Association that ONLY registers ALL the members and gives them the required support. The currency is UHC (CBI Coin - name will change with new website). FYI - 1 UHC/CBI = R15.30 (for deposits) and R14.70 (for withdrawals). To join is 0.75UHC per month or UHC7.5 (R114.75) per year. Once you're a member of CBI Association, you can participate in any of the products.
2. CBI Global: This is the company that creates and maintains all the products available to the CBI Association members. This company is registered and operates from CYPRUS.
3. CBI-X SA (PTY) LTD: This company is an EXCHANGE (like Altcoin Trader, Luno, etc). This is the company that is used to exchange your rand deposits (Standard Bank) into UHC; BTC and/or ETH and back again. When you have a profile, the transactions go in and out of your CBI wallet automatically, through the Deposit or Withdraw link - You do not engage with CBI-X SA directly.
Products:
1. CBI Pools: CBI operates 13 pools. Each pool has various tokens and the number of tokens in each pool varies. Some tokens are in more than 1 pool. The minimum amount for pools is UHC32.0000. This MUST be deposited and approved by 21:00 every Monday. Profits are declared weekly. You can withdraw everything every Monday, withdraw some and re-invest some or auto reinvest everything too. NB: Besides the CBIx7, which you can increase or decrease at any time, this is the ONLY product that you can add funds to weekly.
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