MyBit, a blockchain-based Internet of Things(IoT) platform operator, updated main activities, according to its SNS.
- New Business Model
MyBit’s project, including MyBit Go and MYDAX, is moving towards infrastructure to distribute wealth around the world.
- Decentralised Development Fund (DDF)
The fund will reimburse developers for tasks they perform for MyBit Network.
- Fully Automated and Decentralised Future
Original vision of an autonomous and decentralised organisation remains. MyBit Foundation is still a non-profit parent organisation, with MyBit AG to develop the Network’s core infrastructure.
MyBit token MYB started trading on HitBTC.