Dear CYBEXers:
The first Polkadot ETO of CYBEX attracted lots of users, but many users didn’t receive DOT due to the limited DOT amount. To enable more users to receive DOT, CYBEX Exchange will launch the second Polkadot (DOT) ETO, opening CYB and USDT session. Please get the qualification based on the following rules.
ETO Participation Rules:
Polkadot ETO Participation Price:
- DOT Price: 80% of the average market price from June 20 to June 26.
- The Price in CYB: The price in CYB will be announced before the Purchase Day to avoid price fluctuations. The DOT price in CYB will be calculated based on the average market price from the lockup period (from June 20 to June 26).
ETO Participation Schedule:
- Time for subscription: 12:00 June 17 – 12:00 June 20
- Time for locking up your CYB: 12:00 June 17 – 12:00 June 20
- Lock-up Period of CYB: from the time you finished locking up your CYB after subscription to 14:00 June 26
- Official review period: June 20 – June 26
- Time for the lottery draw: 10:00 – 12:00 on June 26
- Results Announcement: 12:00 on June 26
- ETO Rush Purchase Day: June 27
Purchase Amount:
The ETO includes three rounds, with the total amount of 3000 DOT. Among that, DOT will be sold by lottery draw in round 1 and round 2.
Total amount in round 1: 500 DOT. The number of winners is 250;
Total amount in round 2: 1000 DOT. The number of winners is 100;
Total amount in round 3: 1500 DOT. The number of winners is 50.
Based on the locking-up of CYB, the more CYB you have, the more likely you win.
Round |
Requirement |
Purchase Amount Available |
Tokens Accepted in ETO |
Round 1 |
locked volume >= 5k |
2 DOT Fixed |
CYB/UDST |
Round 2 |
locked volume >=25k |
10 DOT Fixed |
CYB/UDST |
Round 3 |
Top 50 locked volume during the activity (on June 20) |
1-50 DOT/Account |
CYB/UDST |
The Algorithm Link of the Results: https://ieo.oss-cn-hangzhou.aliyuncs.com/KYC-course/lotteryrules-CN.pdf
Process:
Step 1: Users can fill in Cybex [Subscription Intention Form] (link: 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 26.
- 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
2019/6/17
Comments
0 comments
Please sign in to leave a comment.