Dear CYBEXers:
CYBEX will launch Polkadot (DOT) on June 15th, 2019 Singapore Time (SGT), the third ETO (Earlybirds Token Offering). The ETO will open CYB and USDT session. Please get the qualification based on the following rules.
ETO Participation Rules:
The exchange rate of the Polkadot ETO:
USDT: 1DOT=98USDT
The exchange rate of CYB: The DOT price in CYB will be announced before the subscription to avoid price fluctuations. DOT price in CYB will be calculated based on the average market price during the lockup period.
ETO Participation Schedule:
- Time for subscription: 10:00 May 27th to 12:00 June 8th
- Time for locking up your CYB: 12:00 May 28th - 12:00 June 8th
- Lock-up Period of CYB: from the time you finished locking up your CYB after subscription to 14:00 June 14
- Official review period: June 8th - June 13th
- Time for the lottery draw: 10:00 - 12:00 on June 14th
- Results Announcement: 12:00 on June 14th
- ETO Rush Purchase Day: June 15th
Purchase Amount:
The ETO includes four rounds, with the total amount of 6500 DOT. Among that, DOT will be sold by lottery draw in round 1 and round 2.
Total amount in round 1: 3000 DOT. The winning number is 1000;
Total amount in round 2: 1500 DOT. The winning number is 100;
Total amount in round 3: 1500 DOT via rush purchase;
Total amount in round 4: 500 DOT via rush purchase.
Ways to participate in each round (users can participate in many rounds if meeting the requirements):
Requirement |
Round |
Purchase Amount Available |
10k <= locked volume <=50k |
Round 1 |
3 DOT Fixed |
50k < locked volume <=500k |
Round 2 |
15 DOT Fixed |
Top 100 locked volume during the activity |
Round 3 |
1-50 DOT/Account |
No lock-up period, top 50 users based on the coin age algorithm |
Round 4 |
1-50 DOT/Account |
Process
Step 1: Users can fill in Cybex [Subscription Intention Form] :https://olddex.cybex.io/eto and read the rules carefully. The ETO purchase includes four rounds. Please create subscriptions based on actual situation.
Step 2: In round 1 and round 2, a lottery-like method is adopted to determine ETO allocation. Users can process the locking-up of CYB within a period after filling in [Subscription Intention Form]. CYB volume determines the amount available to purchase, which means the more CYB you have, the more likely you win.
Step 3: Please wait for the results patiently after the subscription. We will announce the winners and the user accounts that meet ETO Rush Purchase requirements one day before the Purchase, and unlock all participants’ CYB.
Step 4: You can Rush to Purchase on the ETO day based on your allocated amount. And tokens successfully purchased will be released to your account in real time.
Tips:
- You have to fill in [Subscription Intention Form] first before making transfers to the specific accounts. Otherwise, it is invalid. The amount of invalid transfer will be refunded to the original account within 3 working days after the end of ETO.
- KYC is not needed in the ETO subscription.
- Please unlock your CYB in [Lockup Assets] on June 14th.
- The amounts of DOT are all calculated and allocated in integers.
- Cybex has the right of final interpretation of the rules and to adjust it as appropriate.
CYBEX Team
2019/5/27
Please unlock your CYB in [Lockup Assets] on June 14th.
- The amounts of DOT are all calculated and allocated in integers.
- Cybex has the right of final interpretation of the rules and to adjust it as appropriate.
CYBEX Team
2019/5/27
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