To facilitate the implementation and extension of high-quality blockchain projects, we launched Bibox Orbit and we have received dozens of quality project applications from countries around the world. Through in-depth communication and discussion with various projects, we are about to launch the first phase of Bibox Orbit project, we decide to launch the first phase of Bibox Orbit on 04/22/2019 (GMT+8).
Based on the opinions and suggestions of all parties, the first phase of Bibox Orbit will determine the personal pre-purchase amount of BIX holders by randomly drawing, which is for the maximize fairness and equity by enabling more users to participate in the event and support the projects they like. The details are as follows:
1. Users are able to transfer BIX to the event page and get subscription numbers.
2. The highest subscription amount for an individual is 5,000 dollars, the highest actual amount an individual can get is 800 dollars. Users can independently allocate the maximum individual subscription amount among various projects of this phase.
3. At the drawing time, all subscription amount will be divided equally, and the draw will be conducted according to the proportion of the users’ total subscription amount and the actual issuing amount by project teams. The Least Winning Amount will be announced on the event page.
4. For a single project, in accordance with the proportion of the draw, the higher the amount subscribed, the higher probability of Lucky Draw.
5. Between the different projects, there will be a difference of winning draws due to the difference between the actual issuing amount and the users’ total subscription amount. Bibox recommends users to make choice according to their own situation and the understanding of the projects.
User Participation Process
1. Rules published on 04/17/2019 (GMT+8).
2. Subscription will start at 10:00 A.M. on 04/22/2019 (GMT+8), participants can transfer BIX into the event page according to the subscription amount and the personal subscription limits, and they will get the subscription numbers.
3. Subscription will be stopped at 5:00 P.M. on 04/22/2019 (GMT+8).
4. The drawing time is 8:00 P.M. on 04/22/2019 (GMT+8), users can view the result then. The BIX corresponding to the winning amount will be deducted automatically. The token users subscribed successfully will be released to user accounts on the same day.
1. The participants of Bibox Orbit must complete KYC real-name authentication first.
2. Sub-accounts are not allowed for Bibox Orbit.
3. Users in areas prohibited by law are not allowed to participate in the event.
4. During the subscription period, Bibox shall have the right to disqualify the applicant if it finds any cheating behavior such as false authentication information or repeated KYC.
5. Bibox has the right of the final interpretation of the rules.
Risk Warning: The Digital asset market is volatile and investors need to reasonably evaluate their risk tolerance and participate as appropriate. The content of this announcement and the information on the event page do not constitute any investment suggestions.