To reward trans-fee mining users for their contribution towards the CITEX platform, they will be awarded with CFT in 40:1 by participating in trans-fee mining or making net purchase of CTT from 0:00 on January 11, 2019, Seoul time (23:00, January 10, 2019, Hong Kong time).
Introduction of Trans-Fee Mining or Net Purchase of CTT
(1)What are the contents of the activity?
Users will be awarded with CFT by participating in trans-fee mining (based on successful credit of the CTT gained from the user’s participation in trans-fee mining) or making net purchase of CTT in the secondary market (CTT/ETH, CTT/BTC and CTT/USDT).
(2)How to calculate the net purchase?
Calculated by day (from 0:00 to 24:00, Seoul time; from 23:00 to 23:00 on the next day, Hong Kong time), the total CTT purchased by the user minus the total CTT sold is the net purchase.
For example: If Mr. Wang purchases 50,000CTT in total and sells 20,000CTT in total in the CTT/ETH (or any CTT trade pair) trade market on January 12, then his net purchase on January 12 is 30,000CTT.
(3)How to calculate the trans-fee mining amount?
Calculated by day (from 0:00 to 24:00, Seoul time; from 23:00 to 23:00 on the next day, Hong Kong time) and based on successful credit of the CTT gained from the user’s participation in trans-fee mining.
(4)How to calculate the quantity of CFT awards?
CFT is awarded in 40:1 for either users’ participation in trans-fee mining or net purchase of CTT.
For example:If Mr. Wang makes a net purchase of 400,000CTT on January 12, 2019, he will be awarded with 10,000CFT;
Another example:If Mr. Wang gains 40,000CTT from trans-fee mining on January 13, 2019, he will be awarded with 1,000CFT.
(5)When will be the CFT awards credited into account?
The CITEX platform will issue the CFT to the user’s account on the next day (before 18:00, Seoul time).
No CFT will be awarded for any malicious fake purchase, which includes without limitation “using two or more accounts to trade with each other”.
CFT Introduction
(1) CFT Introduction
CITEX Fund Token (referred to as “CFT” for short) is the token of the CITEX liquidity regulation system issued based on Ethereum ERC 20 protocol.
(2) Liquidity Fund Introduction
Liquidity fund is a liquidity regulation system launched by the CITEX trade platform, which reduces non-rational drastic market fluctuations by enhancing the liquidity of CTT trade.
(3)CFT Issue Scheme
The total issue of CFTs is 50 million pieces with no additional issue ever again; there is no private offering or team holding of CFTs and all CFTs are released through the “liquidity” work certificate or community airdrop.
(4)CFT Income Guarantee
The CITEX trade platform will use a portion of income to maintain the CFT price and income of certain game projects to distribute dividends to CFT holders.
CITEX reserves the ultimate right of interpretation.