Announcement on Co-Building the Mixin Node Ecosystem

Dear BigONE Users,

BigONE will co-build the Mixin node ecosystem with XIN users. There are four approaches to participate in with B1 Partners, KOL Co-Building, ONE Holders’ Co-Building and B1 Provisions respectively.

B1 Partners and KOL Co-Building Projects will be launched on February 22, 2019 4:00:00 （UTC）. Participation Link：https://b1.run/mixin

ONE Holders’ Co-Buildings and B1 Provisions Projects will meet our fans in the near future.

1. What is the Mixin Node?

Mixin node, which is a fast peer-to-peer digital asset trading network  with no cost, is going to be launched on February 28, 2019 accomplished with the launch of Mixin main network. Being a Mixin node not only promotes Mixin network development but also obtains the node’s profits.

• The Node Rewards:

Mining pool mining rewards (a total of 500,000 XIN; the first year of mining rewards is 10%)

Excess service fee rewards (the profits of Mixin network’s withdrawal fee) Other rewards (the payment of the development team calls the Mixin interface and the quality deposit for the evil node confiscated).

• The Node Quality Deposit:

In the first year, the quality deposit is 10,000 XIN tokens which will be increased by 10% each year.

• The Node Exits:

The nodes can quit free of charge when they operate for one year. If the nodes operate halfway out, 1% (100 XIN) of the quality deposit will be deducted as a service charge.

• The Node Does Evil:

The full quality deposit will be confiscated. 

(All above details are from the Mixin team. Official website: https://mixin.one/ )

2. BigONE Co-Building Mixin Node Ecosystem

Mixin is a premium project selected by the BigONE. Both BigONE and XIN users build the Mixin nodes, which are conducive to the co-prosperity of the ONE and Mixin Ecosystems.

• B1 Partners

The Node Introduction: Individuals or teams build Mixin nodes directly with BigONE. BigONE will provide technical and operational services to keep nodes up and running.

The Node Co-Building: If individuals or teams submit 10,000 XIN to BigONE, the nodes will be built successfully. When BigONE pledges those tokens to the Mixin network, the node would be officially launched.

The Node Rewards: After the node runs successfully, 90% of the node's net profit(node ​​net profit = node revenue - the cost of operating the node) would be distributed to B1 partners daily while the remaining 10% would be the platform service fee. BigONE will distribute the node rewards to the B1 partners every day.

The Node Exits:

(1) According to the official rules of Mixin, the nodes can quit free of charge when they operate for one year.

(2) According to the official rules of Mixin, 1% (100 XIN) of the quality deposit would be deducted as a service charge and cannot be revoked If the nodes operate halfway out. 99% of the remaining quality deposit will be returned in 72 hours while the application was approved.

The Co-Building Quota: No upper limit.

• KOL Co-Building

The Node Introduction: Anyone with a XIN can participate in KOL co-building. Among all participants, the user with the largest number of locked XIN is KOL who can enjoy the node naming rights.

The Node Co-Building:

(1) Before the launch of the Mixin main network, the user can submit the applications to those KOL co-building nodes that accept the application. When the current node does not raise 10,000 XIN, the user can freely choose to participate or quit. Once the 10,000 XIN is completed, the node is successfully built. When the Mixin main network launched, the nodes that have been successfully built would be officially launched and begin to calculate the revenue. On the other hand, if the nodes do not raise 10,000 XIN, the joint construction fails and is automatically disbanded.

(2) After the main network launched, the new KOL can initiate a joint registration with a deadline of 7 days. If the total amount of co-building is over 10,000 XIN within 7 days, the node will be built and launched successfully. Otherwise, the co-building will fail and be disbanded.

(3) The KOL co-building nodes will be gradually increased depending on market conditions. BigONE users can participate only after the new KOL co-building node accepts the application.

The Node Rewards: After the KOL node runs successfully, 90% of the node's net profit would be owned by all co-builders, and the remaining 10% is the platform service fee (net profit = node revenue - the cost of operating the node). BigONE will distribute the rewards on a daily basis based on the proportion of the co-builders’ quality deposit.

The Node Exits:

(1) According to the official rules of Mixin, the nodes can quit free of charge when they operate for one year.

(2) According to the official rules of Mixin, 1% (100 XIN) of the quality deposit would be deducted as a service charge and cannot be revoked If the nodes operate halfway out. 99% of the remaining quality deposit will be returned in 72 hours while the application was approved. 

(3) The node salvage fee paid by the user who quits in the middle of the journey will be classified into the B1 Provisions, which is only used to rescue the node to which the user belongs.

The Co-Building Quota: The first phase of the KOL co-building node will open 3 quotas. Follow-up quotas will be opened according to market conditions before users participating.

•  ONE Holders’ Co-Building

The Node Introduction: In order to increase the ONE ecological rights, BigONE will open the ONE holders’ co-building Mixin node plan. Users who meet the requirements can use ONE to participate in the Mixin node co-construction. Meanwhile, BigONE will distribute the profits to the participating users.

The Node Co-Building:

(1) Participation requirements: Hold ONE (non-freeze status) ≥ 1 million;

(2) Participation form: users can switch ONE into XIN according to a fixed proportion. The switched amount of XIN is ranging from 1 XIN to 5 XIN. (Only integers are supported)

(3) Participation opportunity: Each user has only one chance to compete for each phase, and each phase is divided into multiple times depending on the situation; 

The Node Rewards: Users who participate in the ONE holders’ co-building nodes can enjoy the rewards distribution right equivalent to the co-building of KOL nodes. BigONE will issue the rewards on a daily basis based on the proportion of the participant's quality deposit amount.

Note:

(1)  The ONE holder co-building plan will not consume or deduct the ONE held by the user. After unlocking, all ONEs will still be freely controlled by the user. The ONE in the co-building plan does not affect its 100% platform revenue allocation during the lock-in period.

(2)  The ONE that the user participates in will become the locked status. After the node is successfully operated for one month, it will be automatically unlocked. It is up to users to decide whether to participate in the next phase.

The Co-Building Quota:

(1) The ONE holders co-building quotas are limited and are available on a first-come, first-served basis.

(2) In the first phase, a total of 900 XIN would be opened. The ratio of ONE to XIN will be 60,000 to 1. This phase is conducted in three times, each with an open quota of 300 XIN.

(3) Follow-up quotas will be opened according to market conditions before users participating.

• B1 Provision Plan

Considering that not all users can participate in the construction of the Mixin node, BigONE has launched a backup plan to meet users who hold XIN but not able to participate in node building.

 B1 Provision Introduction: The user who deposits the XIN into B1 provision can enjoy the reward distribution every day. According to the rules, BigONE will enable to utilize the provisions to rescue the KOL co-building nodes which have been dismissed due to the insufficient quality deposits.

Deposit More, Earn More：The user can deposit XIN into B1 provision at any time and withdraw it at any time. The more you deposit, the more you earn!

B1 Provision Revenue Source：In the co-building node ecosystem, BigONE charges 10% of the net profit of each node as the platform service fee, of which 10% will be used as the revenue of B1 provision.

B1 Provision Instructions： 

(1) In the KOL co-building node, the node with insufficient quality deposit due to user’s halfway out has 72 hours of rescue time. During the rescue phase, if the last hour of the KOL co-building node has not yet completed 10,000 XIN, the platform will start the node rescue fee and B1 provision for rescue.

(2) At the end of the rescue time, if the node is still less than 10,000 XIN, then the node would be disbanded. BigONE will give priority to the exit quality deposit before the node to make up for the 100 XIN deduction of the node exit, and the remaining cost will be apportioned by all co-builders. 

3. The Co-Building Node Cost Introduction

• BigONE will co-build the Mixin node with the user, providing users with the cost of services required by the node, including but not limited to: server leasing, system development and maintenance, node operations, and subsequent risks associated with market changes.
• The cost of building a node may vary depending on market conditions.
• BigONE will announce the cost on the official website in the near future.

4. The Distribution of Team’s Rewards

In the Mixin co-building node ecosystem, BigONE will use all the rewards (excluding the various costs and the distribution of the B1 Provision) to repurchase ONE and then to destroy those ONE.

5. Risk Warning

• According to the official rules of Mixin, the quality deposit must be pledged in the Mixin network. BigONE is not responsible for any loss of the quality deposit which is not caused by the BigONE factor.
• For those interested in participating, please read the above rules carefully. If you have any questions, please feel free to contact us at the Telegram or WeChat Community. BigONE is not responsible for any losses caused by not fully understanding the rules. 

Attachment: Profit and Risk Table

Service Type	Profit	Risk
B1 Partners	90% node net profits	1% autonomous exit fee; loss of quality deposit for non-platform reasons;
KOL Co-Building	Distribute 90% node net profits based on the input ratio	1% autonomous exit fee; 1% node passive disbanded fee; loss of quality deposit for non-platform reasons;
ONE Holders’ Co-Building	Distribute 90% node net profits based on the input ratio	The platform bears all risks, except for the exception
B1 Provision	Distribute 1% node (built or participated through BigONE) net profits  based on the input ratio	The platform bears all risks

Details: Please check ： Mixin （XIN）/ Mixin Whitepaper

BigONE reserves the right to cancel or amend the event rules at our sole discretion.

Thanks for your continuous support and understanding.

BigONE team

February 22, 2019