📚 Terms of Service and Platform Documentation
Complete guide to using the XBYT platform
📑 Contents
1. 🪙 How Coins Are Created
The XBYT platform allows any user to create their own personal coin in just a few steps:
Creation Process:
- Name and Symbol — unique for each coin
- Description — tell potential investors about your coin
- Logo — visual representation of your coin
- Initial Capitalization in USDT — minimum 10 USDT, determines starting price
- Total Supply — fixed supply (emission)
Starting Price = Capitalization (USDT) / Total SupplyExample: 100 USDT capitalization, 1,000,000 supply → Starting price = 0.0001 USDT
Coin Distribution at Creation:
- 10% — received by coin creator (locked until airdrop ends)
- 10% — reserve for referral airdrop
- 80% — available for free trading on the exchange
2. 💰 Two-Balance System: USDT and XBYT
The platform uses a two-balance system to separate trading operations and operational costs:
USDT Balance (Trading Balance):
- Used for trading coins
- Determines coin capitalization
- Buy/sell coins in USDT pairs
- Deposited through administrator
- Withdrawn through administrator request (fraud check)
XBYT Balance (Commission Balance):
- Used for paying platform commissions
- Covers exchange maintenance costs
- Pays for transaction costs
- Deposited separately (independent from USDT)
- Fixed rate: 1 XBYT = 0.01 USDT
Why Two Currencies?
USDT — stable coin pegged to US Dollar. Used for trading to avoid volatility in coin capitalization.
XBYT Token — platform's internal coin for service payments. Allows the exchange to cover operational costs (servers, security, support) independently from trading operations.
3. 💸 Commissions and Their Purpose
Commission Structure:
- On Buy: 0% commission (stimulating capital inflow)
- On Sell: Commission in XBYT (set by administrator)
- On Coin Creation: One-time payment in XBYT
Why Commissions on Sale?
Sale commissions serve several critically important functions:
- Minimize volatility — reduce sharp price fluctuations
- Prevent panic — make mass sell-offs unprofitable
- Protect capitalization — maintain coin market stability
- Encourage long-term investment — traders incentivized to hold positions
Example: Without sale commissions, traders could instantly withdraw all capital, crashing the coin price. Commission creates a "cushion" that protects other holders from sharp drops.
Where Do Commissions Go?
- Server and infrastructure maintenance
- Platform security
- New feature development
- User technical support
- Blockchain transaction cost coverage
4. 🎁 Referral Program and Airdrop
How the Referral Program Works:
Each coin automatically receives a referral link that the creator can distribute to attract new users.
- Coin creator receives unique referral link
- New users register via this link
- Referrals are recorded in the system
- After airdrop period ends, proportional distribution occurs
Airdrop Distribution (Hare Method):
10% of total emission distributed proportionally among all inviters:
Coin with 1,000,000 supply → airdrop reserve = 100,000 coins
Participants:
- User A invited 5 referrals
- User B invited 3 referrals
- User C invited 2 referrals
Distribution:
- User A: 50% (50,000 coins)
- User B: 30% (30,000 coins)
- User C: 20% (20,000 coins)
Marketing Benefits for Creator:
- Viral growth — referral system motivates distribution
- Active community — attracted users become holders
- Organic demand — more users = more trading operations
- Increased capitalization — growing interest raises coin price
- Network effect — each new participant brings value to ecosystem
Automatic Unlocking:
After airdrop period ends and rewards distributed:
- Airdrop reserve zeroed (100,000 → 0)
- Creator's coins automatically unlocked (10% become available for trading)
- All participants receive rewards instantly
5. 💳 Deposits and Withdrawals
Deposit System:
All balance deposits (USDT and XBYT) are controlled by administration for security:
Deposit Process:
- User sends deposit request through personal account
- Administrator provides wallet address for transfer
- User transfers funds (USDT TRC20)
- After transaction confirmation, administrator credits funds to balance
Withdrawal Process:
- User creates withdrawal request with amount and wallet address
- Administration verifies operation legitimacy
- Fraud and suspicious activity check conducted
- After approval, funds transferred to specified wallet
Why Are Withdrawals Controlled by Administration?
- Money laundering prevention — source verification
- Account hack protection — if account compromised, funds won't be withdrawn instantly
- Manipulation combat — detecting "pump and dump" schemes
- Compliance — anti-fraud policy enforcement
- User protection — ability to block suspicious transactions
Processing Times:
- Deposit: 15 minutes - 24 hours (depends on admin workload)
- Withdrawal: 24-72 hours (includes security check)
6. ♻️ Coin Lifecycle
Active Coins:
Coins demonstrating trading activity receive special status:
- Addition to XBYT ecosystem — coin receives official status
- Increased visibility — priority display in listings
- Marketing support — possible platform promotion
- Partner integration — access to additional services
Inactive Coins (30-Day Rule):
If a coin shows no trading activity for 30 days, it will be delisted (completely removed from exchange).
Delisting Process:
- Day 20 — creator notified of delisting risk
- Day 25 — final warning
- Day 30 — coin removed from exchange
- Capitalization return — all remaining capitalization (USDT) returned to creator
Upon coin removal, creator receives:
- Main capitalization — all USDT remaining in liquidity pool
- Residual funds — any undistributed capital
- Coins deleted permanently and cannot be restored
What Counts as Activity?
- At least one buy or sell trade within 30 days
- Activity from any user (not necessarily creator)
- Minimum trade volume: from 0.01 USDT
Tip for Creators: To keep your coin on exchange, maintain community activity, share coin news, use referral program.
7. ⚠️ Risks and Liability
The XBYT exchange IS NOT RESPONSIBLE for:
- Loss of funds from trading operations
- Coin creator actions — we don't verify project business models
- Price volatility — prices determined by market
- Technical failures — platform outages possible
- Account access loss due to user fault
- Third-party fraud
- Regulatory changes — legislation may change
Cryptocurrency trading is high-risk activity. Only invest funds you can afford to lose.
Security Recommendations:
- Use strong passwords (minimum 12 characters)
- Don't share account access with third parties
- Verify wallet addresses before withdrawals
- Start with small amounts to learn platform
- Do Your Own Research (DYOR) before investing
8. 📜 Account Usage Rules
Prohibited:
- ❌ Market manipulation (wash trading, spoofing)
- ❌ Creating fraudulent coins (scam coins)
- ❌ Using bots without admin permission
- ❌ Creating multiple accounts to bypass rules
- ❌ Hacking attempts or DDoS attacks
- ❌ Malware distribution
- ❌ Copyright violation in coin names/logos
Account Blocking:
Administration reserves right to block account without warning in case of:
- Platform rule violations
- Fraud suspicion
- User complaints
- Illegal activity detection
Terms Changes:
Administration has right to change terms of use at any time. By continuing to use platform after changes, you automatically agree to new terms.
Technical Support:
For questions or issues, contact administration through personal account or official communication channels.