To take into account the rights and benefits of both Bibox users and Bibox Ambassadors (“BA”), there will be 2 rounds of subscription in Bibox Orbit 2. All users (including “BA”) can participate in the first round but only “BA” can participate in the second round.
Subscription Rules
1. Subscription Time: 07/14/2019 6:00 P.M. - 07/15/2019 6:00 P.M. (GMT+8)
2. Subscription Price: The price will be announced before the subscription begins
3. Subscription Method:
1st Round: Lottery Draw
2nd Round: Locking BIX (Exclusive for “BA”)
4. Subscription Amount: See table 1-1
5. Individual Winning Amount:
1st Round: Capped at 500 USDT
2nd Round: No Cap but it will be prorated to the BIX locking amount
Allocation of Subscription Amount
|
Round |
Percentage of Allocation |
Eligibility |
Allocation Method |
|
1 |
70% |
All Bibox users (including “BA”) |
|
|
2 |
30% |
“BA” |
|
Table 1-1
Subscription Details
1. The First Round: Subscribe with USDT (Lottery Draw)
- 07/10/2019 12:00 A.M. – 07/14/2019 6:00 P.M. (GMT+8): Take snapshots of USDT (only USDT asset) in user accounts (My Wallet + Exchange Account) at a random time every day.
- 07/14/2019 6:00 P.M. (GMT+8): Announce the number of lottery tickets for each user based on the snapshots, and users can start subscribing with USDT.
- 07/15/2019 6:00 P.M. (GMT+8): Subscription ends, lottery draw starts.
- 07/15/2019 10:00 P.M. (GMT+8): Announce the lottery results and deduct the corresponding USDT used for the successful subscription. The remaining USDT and the tokens subscribed successfully will be distributed to “Funds – My Wallet” within 24 hours.
【Special Notes】
a. During the snapshot period, Users with average daily holding amount of less than 200 USDT will not qualify for the lottery.
b. Holding more USDT can help users to be allocated with more lottery tickets and increase the winning chances in the lottery.
c. If users choose not to subscribe during the subscription period, then their lottery tickets will be forfeited.
d. Subscription amount
- 1 lottery ticket = 10,000 tokens
- Users will get 1 ticket for every 50 USDT they hold (according to the snapshots)
- For example, according to the snapshot, the average daily USDT holding amount of user A is 1,001 USDT, then user A will get 20 lottery tickets. User A can choose to subscribe all 20 tickets for the lucky draw or any number of tickets from 0-20. However, the number of winning tickets will only be determined by the lucky draw.
- Each individual’s successful subscription amount is capped 500 USDT equivalent amount of tokens, regardless of the total subscribed lottery tickets
2.The Second Round: Subscribe with BIX (Exclusive for “BA”)
By 6:00 P.M. on 07/14/2019 (GMT+8), users who lock at least 5,000 BIX for one year on the Bibox Ambassador Page will become Bibox Ambassadors and are eligible for round 2.
【Special Notes】
- All BAs will be confirmed to receive allocation. However, the allocation is proportional to the BIX locking amount of “BA” (No lottery needed, the more BIX one user locks, the higher allocation he/she will get). For example, if the total BIX locked by all “BAs” is 1 mil and 100,000 of the 1 mil BIX is locked by user A, then user A will receive 10% of the allocation of the Second Round.
- “BA” can also enjoy exclusive benefits, including locking dividend rewards, transaction fee discount and 2-tier friends trading commissions.
- “BA” can participate in both subscription rounds (there is no hard cap of 500 USDT individual subscription amount in the second Round).
- Users who have locked BIX on Incentive Reward Page can directly transfer the locking amount to Bibox Ambassador Page.
- Locked BIX for Bibox Ambassador Program cannot be used for subscription. “BA” can only subscribe with BIX in “My Wallet”.
- Bibox Ambassador Program is designed to reward loyal Bibox users, all “BAs” will have priority rights to Bibox new products and events.
* Special Note
Since the Bibox Ambassador program has been well received by biboxers and to maximize user participation there will be a slight adjustment to the token allocation to Bibox Ambassadors as the following:
The system will prioritize guaranteeing a ticket to each Bibox Ambassador, which is worth of 50 USDT. In addition, tokens will be distributed proportionately according to the amount of locked BIX, with the minimum distribution being one 50 USDT ticket.
*Attention
In order to meet the relevant laws and regulations, KYC is required for Bibox Orbit 2 participation. Accounts with same KYC information cannot participate repeatedly.
Bibox reserves the right of the final interpretation of this event.
Thanks for your support on Bibox.
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