Dear BigONE users,
BigONE will implement the strategic upgrade of BigONE Ecosystem Token ONE, encouraging all blockchain ecosystem participants to increase the value of ONE. BigONE will establish 「ONE Exchange Pool」which consists of cryptocurrency like BTC.
In 「ONE Exchange Pool」, ONE holders can exchange 0.14 USDT（≈ 1 CNY）with 1 ONE according to their 「Contribution Rates」. ONE that BigONE receive will be destroyed.
Get「Contributing Rates」by Trading
- All users who trade in BigONE and upgrade to any level VIP status, can receive a certain amount of 「Contributing Rates」.
About BigOne VIP : How to become VIP?
- The VIP users can receive a certain amount of 「Contribution Rates」every day. The table below shows the concrete amount.
Get「Contribution Rates」by Inviting
Invite friends to register BigONE.
- Invitees can receive 「Contribution Rates」by trading in BigONE and upgrading to VIP.
- Inviters can get an extra 20% 「Contribution Rates」which the invitees get.
「ONE Exchange Pool」
- From 00:00:00 (UTC+8), June 14, 2019, 100% exchange trading fees will flow into 「ONE Exchange Pool」.
- BigONE will continuously update the assets situation of 「ONE Exchange Pool」in order to get monitored by our community.
Exchange and Destroy Process
- Consuming 1 「Contribution Rate」can exchange BTC or ONE which values 0.14 USDT with 1 ONE.
- Once the exchange finalizes, the 「Contribution Rate」will disappear and the ONE exchanged will be destroyed.
Recently, BigONE will start to give out 「Contribution Rates」to users who contribute to our exchange ecosystem. After every 10 million 「Contribution Rates」has been distributed, BigONE will start the exchange and destroy the ONE received. To prevent the dramatic fluctuation of ONE price, the cryptocurrency that values 140,000 USDT （≈ 1 million CNY）can be exchanged during that period of time. If the exchange volume exceeds 140,000 USDT, it will be distributed proportionately among BigONE users who have applied to exchange.
In order to ensure the consistency of 「ONE Exchange Pool」, BigONE will put a portion of cryptocurrency which values 700 million USDT into it in advance. 「ONE Exchange Pool」will only contain BTC and ONE right now which are exchanged with exchange trading fees by BigONE.
When the value of assets in 「ONE Exchange Pool」exceeds the market cap of ONE, the strategic upgrade will go into the next phase. Hope to see you soon.
BigONE reverses the explanation right of this upgrade.
Thank you for your continuous support and love.
June 13, 2019