Dear BigONE users,
BigONE will stop the “Trade-Mining” on December 19, 2018 at 15:59:59 (UTC).
The details are as follows:
1. "Main A (Trade-mining)" section , "Trade-Mining" will no longer be implemented;
After stopping the "Trade-Mining", "Main A" (formerly "the Trade-Mining Section") will no longer carry out mining.
The trading fee committed by the user in the "Main Board Area A" transaction will no longer be converted into ONE.
2. BigONE invitation incentives will no longer earn additional ONE;
After the “Trade-mining” stopped, the invitation rebate mining mode that all users lock the ONE will also stop. For the ONE they locked using this mining mode, the system will unlock it automatically after the platform stops mining.
3. BIG token holders will no longer receive ONE airdrops;
After the “Trade-Mining” is stopped, ONE mining airdrops that users receive every hour, which because they hold BIG, will be stopped. All the BIG token holders will no longer receive ONE airdrops.
From January 2019, the locked token (frozen status) which got because of holding BIG, will be released at the rate of 1/365 of total amount, and will be completely released within 1 year.
We will reopen the BIG token deposit on January 2019. All BIG tokens that flow outside the BigONE platform can be deposit to the platform. We will distribute the ONE airdrops and trading fee rebates that should be obtained during the mining process to the users who have successfully deposit.
4. ONE upgrades to “ONE Ecosystem Token"
The original 「BigONE’s new platform token」will officially be upgraded to "ONE Ecosystem Token" after "Trade-mining" stopped.
A detailed description of "ONE Ecosystem Token" will be released on December 20, 2018.
After stopping the “Trade-Mining”, ONE holders will continue to have the 100% transaction fee rebate on the BigONE platform (according to token that received by the BigONE platform).
The rebate rules remain unchanged：
The platform will still take the number of snapshots of the ONE held by the user on each hour of the day, and the digital asset trading fee charged by the platform will be distributed to the ONE holder’s account on the next day.
The distribution ratio is: the average number of ONE snapshots held by the user for each hour (00:00-24:00) / the sum of the average number of ONE held by all accounts on the platform.
* Due to system accuracy limitations, the rebate amount is only sent to the 8 digits after the decimal point.
BigONE reserves the right of final interpretation of the above content.
If you have any questions, please contact our global operation managers via our global telegram: https://t.me/B1_EN
Thanks for your continuous support and understanding.
December 17, 2018