During the event, a snapshot towards the users’ account will be taken at 17:00 (GMT+8) on each Friday. And 45% of trading fee of Bibox will be issued based on the proportion of BIX holding of user. The Incentive Rewards will be directly issued to user account in related token after accounting.
The top 100 trade volume account will get a 150% incentive reward based on the above standard.
The new calculation mode as below,
The user A holds 130,000 BIX and ranks in top 100 in trade volume, and the trade fee revenue of Bibox during that week is 1,000 BTC, then the incentive rewards user A can share will be (130000/130000000）* 45% * 150% * 1000BTC = 0.675BTC.
F&Q of BIX Incentive Reward Program
Q：What is the highest reward ration?
A： 67.5% in maximum.
Q. I have BIX but not in my bibox account, can I get the reward?
A. You have to keep the BIX on your Bibox account to get the reward.
Q：There was no deal this week, can I get the reward?
A：No, you need to trade at least once a week.
Q. What are the restrictions on token and quantity for trading?
A. You can trade any token and any amount.
Q. When will be distribution the reward?
A. Bibox will take a snapshot of BIX balances on every Friday at 17:00（GMT+8）. All the reward we will distribution to users’ account within 1 hour.
Q. Where can I check the reward.
A. The reward will be distribution to your account. You will be able to check the distribution record in Funds > My Bill.
Q. Duration of BIX incentive reward program
A. June,15 2018 – August,3 2018 (GMT+8), subsequent adjustment is based on the situation. Please pay attention to the official announcement.