Proof of Business is a concept created by the STP Network that intends to showcase the 'legitimacy of a company's cashflow'. The platform has created this method because the cryptocurrency market is full of scams and fraudulent activities, especially from ICO projects or startups.
'Proof of Business is a framework in which STP’s lead developer, Block72, utilizes a portion of quarterly revenue to buy-back STPT tokens on the secondary market and then permanently locking these tokens in a publicly viewable address.'
Read More here: https://busy.org/@hatu/proof-of-business-the-new-way-to-be-transparent
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Topic: Is Proof of Business the Best Way to Ensure Transparency? (Read 98 times)
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