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The ETHBIT token is a type of currency used to pay fees on the ETHBITS Local platform (for example buy/sell Bitcoin, Ether and other cryptocurrencies). ETHBIT tokens can also be used to distribute dividends to investors. If you hold ETHBITS tokens, you hold a portion of our platform, and by holding a portion of our platform you are entitled to your share of a distribution of 40% of the platform's profit. The dividends will be paid on a quarterly basis.