Dear valued customers,
The token sale of OKX Jumpstart 14th Project WGRT (WaykiChain Governance Coin) will be launched on June 17, 2020 (UTC). The OKBelievers Exclusive Allotment Session will open at 04:00 (UTC), and the OKTraders Privilege Allotment Session will open at 05:00 (UTC). The rules are as follows:
I. Participation Guide
Step 1: How to get a higher allotment amount
1. OKBelievers Exclusive Allotment Amount
• Minimum threshold for participating in token sale: 5-day Average Holding Amount ≥ 100 OKB. If your OKB holding amount decreases or you stop holding OKB during the 5-day period, you may consider buying a larger amount of OKB before the token sale’s last random snapshot time to reach the participation threshold;
• Compared to buying large amount of OKB before the beginning of token sale, consistently holding OKB will guarantee higher allotment coefficients, and thereby acquiring a higher actual allotment amount;
• If the minimum OKB holding amount and average OKB holding amount correspond to different allotment coefficients, whichever the higher one will apply.
|
Average Daily OKB Holding (5-day) |
Allotment Coefficient for Satisfying the Minimum Daily Holding |
Allotment Coefficient for Satisfying the Average Daily Holding |
|
[100, 500） |
2 |
1 |
|
[500, 1000) |
10 |
5 |
|
[1000, 1500) |
20 |
10 |
|
[1500, 2000) |
30 |
15 |
|
[2000, 2500) |
40 |
20 |
|
[2500, ∞) |
50 |
25 |
2. OKTraders Bonus Allotment Amount
The allotment amount will be determined by users’ accumulated spot trading amount (calculated in BTC) since OKX established. The corresponding allotment coefficient can be viewed on the OKX Jumpstart homepage and is shown as below:
|
Accumulated spot trading amount on OKX (in BTC) |
[5, 10) |
[10, 20) |
[20, 50) |
[50, 100) |
[100, +∞) |
|
Allotment coefficient for the second round |
1 |
2 |
3 |
4 |
5 |
Step 2: How to Participate in the Token Sale
1. Only OKB is supported during the token sale;
2. Participants should pass the KYC Level 2 verification;
3. Each round of token sale will last for 30 minutes, there is no subscription limit before it ends;
4. Details such as individual subscription limits and exchange rate of each token sale will be announced in the OKX Jumpstart x 14th Project WGRT (WaykiChain Governance Coin) Sale Details.
Step 3: Allotment
1. Once the allotment period ends, tokens will be credited to users’ OKX Funding Account and the corresponding amount of OKB will be deducted. Any remaining amount of OKB on hold for subscription will be released;
2. The second allotment session will begin after we finish calculating the results. You can use OKB released from the first session in the second session.
II. Token Sale Details
1. Snapshot rules: we will randomly snapshot users’ OKB holding daily, including Funding Account, Spot Account, Fiat Account, and Margin Account;
2. The historic cumulated spot trading volume includes spot trading volume and margin trading volume;
3. View your allotment coefficient: You can view your OKB snapshot records and individual allotment coefficient on the OKX Jumpstart’s homepage;
4. Allotment Calculation
Both the OKBelievers Exclusive Allotment Session and the OKBelievers Exclusive Allotment Session will follow the same allotment formula below:
（allotment formula）
5. Example
User A, B, C, and D wish to participate in the OKBelievers Exclusive Allotment Session. Let’s assume their OKB holding snapshots are as follows:
|
Snapshot |
A |
B |
C |
D |
|
Minimum Daily OKB Holding |
500 |
50 |
1000 |
1500 |
|
Average Daily OKB Holding |
1500 |
50 |
1000 |
5000 |
According to the table above, the OKBelievers Exclusive Allotment Session allotment coefficient of user A, B, C, and D will be 15, 0, 20, and 30 respectively and user B is not eligible for the subscription. Let’s say the session supply is 1000 tokens, then the subscription amount of user A, C, and D will be 1000, 300, and 500 respectively. The allotment will be as follows:
If during the OKTraders Exclusive Allotment Session, user A’s cumulated spot trading volume is 20 BTC and user B is 8 BTC, then their allotment coefficients in this session will be 3 and 1 respectively. Say if the total supply of the session is 300 tokens, then the subscription amount of user A and B will be 200 and 300 respectively. The allotment will be as follows:
III. Listing
All projects launched on OKX Jumpstart will be supported by OKX and its global partners:
• The project listed on OKX will be launched with trading pair(s) against USDK, USDT, OKB, BTC and ETH. At least one of these trading pairs will be launched on the subscription day;
• If the project matches the compliance and other requirements of OKX’s partners, OKX may refer the project to partnering fiat exchanges, such as OKCoin Korea and OKCoin.com, which may prioritize the listing of the project.
IV. Risk Warning
• According to relevant regulations, users from the following countries/regions (according to KYC information) cannot participate in the subscription: China Mainland, China Hong Kong, Cuba, Iran, North Korea, Crimea, Sudan, Malaysia, Syria, USA [including all USA territories such as Puerto Rico, American Samoa, Guam, Northern Mariana Island, and the US Virgin Islands (St. Croix, St. John, and St. Thomas)], Bangladesh, Bolivia, Ecuador, and Kyrgyzstan;
• Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. This announcement and any other information on OKX are not to be regarded as investment advice. OKX is not responsible for any losses generated by using the information thereof;
• Any individual who tampers or attempts to tamper with the process or the operations of the subscription will be disqualified from OKX Jumpstart;
• In case of any dispute, OKX Jumpstart reserves the right of final decision.
Thank you for your continued support and we assure you our best services at all times.
Regards,
OKX
June 3, 2020 (UTC)
Click Here to Download OKX App >>>
