BigONE Parachain Slot Auction Product Description (FAQ)

A. How to release DOT liquidity for BigONE slot auction products?

1. What is the release of DOT liquidity?

BigONE will lock the DOT for the platform to participate in the slot auction and issue BDOT at a ratio of 1:1. At the same time, BDOT/DOT and BDOT/USDT trading pairs will be listed. Users can trade on BigONE to release the liquidity during the DOT lock-up period.

2. What is BDOT?

BDOT is a proof of asset equity that represents users participating in BigONE Parachain auctions and is anchored 1:1 with DOT. BDOT is a product that provides liquidity services for users locked DOT during the duration of the Polkadot Parachain slot lease. When the Polkadot Parachain slot lease expires, users can use BDOT to exchange for the locked DOT proportionally.

3. When is BDOT issued?

Users can use DOT to participate in Polkadot Parachain slot auctions. BDOT will be issued after each round of Polkadot Parachain slot auctions. The specific issuance time can be checked on the product page. The actual release time will be announced later, please pay close attention to follow-up related announcements.

B. How to distribute the rewards for participating in the Parachain Auction at BigONE?

1. What is the time for the awards to be issued?

The rewards will be settled according to the reward distribution rules of different project parties, and the actual payment time and the amount shall prevail.

2. What is the proportion of rewards issued?

BigONE will allocate 90% of the crowd loan rewards to participating users and 10% as platform service fees and invitation rewards. In order to encourage users to participate in this product, the platform has launched an invitation reward mechanism and the part used for rewards will be paid out of the 10% service fee.

3. How to calculate the rewards obtained by staking?

The number of rewards = the number of BDOTs obtained by a single user after participating in the staking / the number of BDOTs of all users * the number of rewards issued by the parachain * 90%.

4. If you sell BDOT, can you still get any income?

Users can conduct BDOT/DOT, BDOT/USDT transactions in the BigONE spot trading area. BDOT is the only voucher for issuing Polkadot slot auction revenue. Once sold, it will be deemed as the end of the staking and will no longer receive subsequent rewards.

C. Invite commission rebate

1. What is the invitation commission rebate?

Invite your friends to participate in the BigONE Polkadot slot auction product, and both parties can get additional rewards.

2. Where do the rewards for the invitation commission rebate come from?

BigONE will charge 10% of the reward tokens obtained as a service fee and put part of the service fee into the invitation reward library of BigONE Polkadot Parachain slot auction products. At that time, there will be a relationship between the inviter and the invitee. Users will receive a certain percentage of invitation rewards, and the invitation rewards are subject to the actual amount received.

3. What is the percentage of rewards for the invitation commission rebate?

BigONE will take out 20% of the platform service fee and reward the inviter and the invitee each by 10%.

4. How to calculate the invitation reward of the inviter (invite)?

The number of invitees (invited persons) rewards = the number of BDOTs obtained by the invitee after participating in the staking / the number of BDOTs of all users * the number of rewards issued* 10% * 10%.

D. Advantages of participating in the Polkadot Parachain slot auction through BigONE

1. Participate in the Polkadot Parachain slot auction in BigONE without worrying about the DOT lock-up period of up to 2 years. We will release its liquidity through BDOT to fully increase the utilization rate of user funds.

2. BigONE selects the best strategy to participate in the Polkadot Parachain auction. The DOT locked by users will share the reward tokens of multiple successful bidding projects, so there will be no chance of missing high-quality bids due to fund allocation issues.

3. Participants in BigONE Polkadot slot auction products can participate with just a click. Rewards are automatically credited to their accounts, saving time and hassle.

4. Invite friends to participate in the BigONE Polkadot Parachain slot auction, and both parties can receive invitation rewards at the same time.

5. How does BigONE ensure the openness and transparency of funds?

BigONE will use the DOT for participating in the slot auction to participate in the on-chain slot auction project according to the optimal strategy. The specific fund allocation details will be published on the Parachain slot auction page, and users can view it through the following steps: Parachain Slot Page-Participation Details.

Risk warning:

BigONE does not provide price endorsements or project guarantees for any project. Please consider factors such as project popularity, market trends, and your own risk tolerance to carefully decide whether to participate in the transaction and allocate your assets reasonably.