Announcement of BigONE will Adjust Invite Rebate Coefficient

Dear BigONE users,

BigONE will adjust the invite rebate coefficient at 00:00 (UTC+8) on November 18, 2018. The details are as follows: 

11月16日 00:00(UTC+8)：Invite rebate coefficient is 25

11月19日 00:00(UTC+8)：Invite rebate coefficient is 10

11月25日 00:00(UTC+8)：Invite rebate coefficient is 5

11月30日 00:00(UTC+8)：Invite rebate coefficient is 1

The rules that invite users to mine for 20% extra mining rebates will be adjusted to the invited users must lock a certain number of ONEs that the inviter can enjoy the extra rebate. The specific ratio will be determined according to the number of locked ONEs, with an upper limit of 20%.   

The specific formula is as follows:

the ratio of invite rebate = the number of locked ONEs/ONE’s total number in circulation * the coefficient of the invite rebate

For example, the ONE’s total number in circulation is 6,000,000,000. We assume that the coefficient of the invite rebate is 25, if users want to enjoy the 20% of current rebates they need to lock 0.8% of the total number in circulation, in other words, they need to lock 48,000,000 ONE.

For example, the formula is 20%=48,000,000/6,000,000,000*25  

Note:

1. The system will choose the "minimum value of ONE that invited account locked per hour" as lock amount. Calculate the amount of rebate received by the invite account, based on the transactions produced by the invited account within the next hour.
2. The percentage range of invite rebate is 0% to 20%.
3. The invite rebate coefficient will be disclosed, BigONE will announce in advance when adjustments are needed.

For example:

Users need to lock ONE before 00:00 (UTC+8) on November 16, 2018, that they can enjoy the invite rebate from 00:00 to 01:00. If users lock ONE after 00:00, the minimum value of locked ONE is zero, so that the invite rebate is zero too.

How to lock ONE?

Users can see the "Lock/Unlock" button on the "Accounts - Assets - ONE" page. Click the button and then enter the number of "Lock/Unlock" ONE.

Thank you for your continuous support and understanding for BigONE.

BigONE Team

November 14, 2018