It is exciting that OKEx Jumpstart has successfully presented eight token sales to global communities since its launch. After each token sale, the OKEx Jumpstart team received and reviewed all suggestions given by our users. Based on the valuable opinions, we are pleased to announce the following improvements on our token sale rules, which will be effective from the upcoming 9th token sale.
A. Participating in Subscription
Step 1: Obtaining OKEx Jumpstart Allotment
1. OKBelievers Exclusive Allotment Session
i. Users who hold a daily minimum of 100 OKB for 30 consecutive days before the token sale day are eligible to participate in the OKEx Jumpstart token sale. If one stops holding or falls short of the requirement, he/she can regain the eligibility by buying more OKB to achieve the average daily holding requirement at a later time.
ii. Holding a certain amount of OKB continuously can secure a higher allotment coefficient, and thus larger allotment, than by buying OKB to fulfill the daily average requirement. The corresponding coefficients are listed below.
iii. If one’s coefficients of minimum holding and average holding differ, he/she will be assigned the coefficient whichever is higher.
|
Daily OKB Holding |
Corresponding Allotment Coefficient for Fulfilling Minimum Daily Holding Requirement |
Corresponding Allotment Coefficient for Fulfilling Average Daily Holding Requirement |
|
100 – 499 |
2 |
1 |
|
500 – 999 |
10 |
5 |
|
1,000 – 1,499 |
20 |
10 |
|
1,500 – 1,999 |
30 |
15 |
|
2,000 – 2,499 |
40 |
20 |
|
2,500+ |
50 |
25 |
2．OKTraders Privilege Allotment Session
i. OKEx Jumpstart offers an OKTraders Allotment Privilege Sessionfor token sales of larger sale supply. Only selected token sales offer this session.
ii. The allotment coefficients for this session depends on one’s cumulative OKEx spot trading volume (in Bitcoin) since the establishment of OKEx. The corresponding coefficients are as follows. Users may check their own coefficients on the OKEx Jumpstart website.
|
Cumulative OKEx Spot Trading Volume (in BTC) |
5 - 9 |
10 - 19 |
20 - 49 |
50 - 99 |
100+ |
|
Allotment Coefficient |
1 |
2 |
3 |
4 |
5 |
Step 2: Participating in Two Subscription Sessions
1. Only OKB is accepted for subscription and payment.
2. KYC 2 verification is required for participating in subscriptions.
3. Each subscription session lasts 30 minutes. There is no over-subscription for each session.
4. Details such as individual subscription limits and exchange rate of each token sale will be announced in the token sale rules prior to each token sale.
Step 3: Allotted Token Delivery
1. After successful subscription, the allotted token will be delivered to one’s OKEx Funding Account. The corresponding OKB amount for subscription payment will be deducted and the remaining OKB amount will be unfrozen.
2. The second subscription session only starts after the subscriptionprocess of the first session is complete. The OKB unfrozen from the first session can be used for the second session.
B. Allotment Rules
1. Snapshot Rule: The daily snapshot of OKB holding is taken at a random time of a day. Snapshotted accounts include Funding Account, Spot Account, and C2C Account.
2. Checking Coefficient:OKB snapshot records and individual allotment coefficients can be viewed on the OKEx Jumpstart website.
3. Allotment Calculation:The individual allotments of both OKBelievers Exclusive Allotment Session and OKTraders Privilege Allotment Session are calculated based on the following formula:
4. Example:
User A, B, C, and D participate in the OKBelievers Exclusive Allotment Session and their OKB snapshotted amounts are as follows:
|
Snapshotted Holding |
A |
B |
C |
D |
|
Daily Minimum |
500 |
50 |
1,000 |
1,500 |
|
Daily Average |
1,500 |
50 |
1,000 |
5,000 |
The corresponding coefficients of User A, B, C, and D for the OKBelievers session are 15, 0, 20, and 30. Therefore, User B is ineligible for the subscription. Assuming that the session supply in the OKBelievers session is 1,000 tokens, and the subscription amounts of User A, C, and D are1,000, 300, and 500 tokens respectively, their actual allotments of the session are:
In the OKTraders session, assuming the cumulative OKEx spot trading volume of User A is 20 BTC and User B 8 BTC, the coefficient of User A in the OKTraders session is 3, and User B is 1. If the session supply of the OKTraders session is 300 tokens and User A and B subscribe for 200 and 300 tokens respectively, they will be allotted in the session:
C. Project Listing
All projects launched on OKEx Jumpstart can enjoy support from OKEx and our global partners, including:
1. Listing on OKEx, with an array of trading pairs against USDK, USDT, OKB, BTC, and ETH. At least one trading pair is guaranteed to list on the token sale day.
2. Priority listing on OKCoin Korea, OKCoin.com, or other partnering fiat-to-token trading platforms, as long as the project meets the compliance and other requirements of our partners.
D. Remarks
1. Trading digital assets involve 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 OKEx are not to be regarded as investment advice. OKEx is not responsible for any losses generated by using the information thereof.
2. Any individual who tampers or attempts to tamper with the process or the operations of the subscription will be disqualified from OKEx Jumpstart.
3. In case of dispute, OKEx Jumpstart reserves the final right of decision.
Regards,
OKEx Jumpstart
Sep 12, 2019