Dear HiBTC users,
HiBTC upholds the principles of openness, transparency and self-governing of community and is committed to sharing benefits with all global block chain community members. To this end, we released the program of Trade+Mining by holding coins as well as Bonus dividend plan to return the benefits to our community gradually. Now we are going to launch the FomoHIBT bonus pool Plan to escalate the benefits of all community members.
One. FomoHIBT prize pool
Inspired by the popularity of Fomo3D , FomoHIBT Prize Pool is optimized on the basic rules of Fomo3D to ensure that our users can both gain the bonus benefits and enjoy the premium trading experience. HiBTC will set up a prize pool growing in size along with the exchanges growing incomes. Once the pool is triggered, the HIBTs trading contributors of the day will be distributed all prize in the pool.
The HIBTs trading contributors refers to those users whose HIBTs buying amount excels 0 from 0:00 to 24:00(UTC).
The HIBT positive contribution value= HIBT buying amount - HIBT sell amount - HIBT withdrawal. (Note: Deposit and mining output HIBT will not be count in contribution value.)
Two. Interpretation of FomoHIBT rules
During every accumulation of the prize pool, the HiBTC will put the 100% of the daily dividend of the account “Holder Shared Fund” into the prize pool. Once HIBT hit certain price, the prize pool will be triggered. All coins or tokens in the prize poll will be automatically distribute among all HIBT positive contributors at that day.
- The prize pool: HiBTC shall put the 100% of the daily dividend of the account “Holder Shared Fund” into the bonus pool, every day before someone trigger the price. (The prize pool contains the daily dividends on the trigger day)
Trigger condition: HIBT trigger price is pre-setup at the beginning of each round, it will not change during the current round. If the price of any HIBT transaction is greater than or equal to the trigger price at certain time, the prize pool will be triggered.
Prize distribution: after the prize pool was triggered, HIBT's positive contribution ranking competition continues. HiBTC will distribute the bonuses according to user’s HIBT positive contribution amount on the 23:59:59(UTC time) on the trigger day. The top three contributors will be awarded 50%, 20%, 10% of total prize pool. The remaining 20% will be assigned to other HIBT positive contributors at the trigger day according to the proportion.(If the prize pool is not triggered on one day, the HIBT positive contribution ranking will be reset at UTC time 23:59:59, it means the HIBT positive contribution users not at the trigger day are unable to get the prize.)
After the prize pool is triggered, a new round will start soon with a new price been set up.
The prize will be distributed to the winner's HiBTC wallet within next day.
The top ten HIBT positive contributors of the day will be list on the Leaerboard with real time update.
The first round of FomoHIBT prize pool shall be officially initiated on 0:00, Sept. 6th, 2018 (UTC)
The final interpretation of the rules shall belong to HiBTC. We will continue to optimize the above rules as per the real-time operating conditions and feedback from the community members. The details of the adjusted rules shall be displayed on the official website. Please keep.
HiBTC shall be committed to the unique innovative model of HIBT and try to bring more premium trading experience and more bountiful incomes for the investors. Thanks again for all investors’ support for HiBTC. Lets work together in forging ahead!