PIEXGO – RocketGO is officially launching the 4th IXO project, 8848Chain, which will use blockchain technology to reshape the production relationship of the e-commerce industry. The token sales will be determined by a lottery system.
IXO Period: 18:00, 16 August – 10:00, 19 August 2019 (UTC+8)
Winner Announcement: 15:00, 19 August 2019 (UTC+8)
Token Release Time: 16:00, 19 August 2019 (UTC+8)
Token Trade Opening Time: 20:00, 19 August 2019 (UTC+8)
Public Chain Token: ONT
Project Token: VEC
Total Supply: 8.848 billion VEC
Initial Liquidity: 55,000,000 VEC
Private Offering Amount: 442.4 million VEC
Private Offering Price: 1 VEC = 1 PXG (Estimated: 0.003 USD)
Public Offering Price: 1 VEC = 0.67 PXG (Estimated: 0.002 USD)
Ratio: 1 PXG : 1.5 VEC
Cap: 33,333,336 PXG
Token Type: ERC20
1. Lottery Assignment: Users must hold PXG ≥ 41,666.67 and ONT ≥ 30
Users can choose the number of lotteries when participating in the IXO. Each pre-locked 41,666.67 PXG and 30 ONT is entitled to one lottery, and each user is entitled to up to 3 lotteries.
After the user clicks on APPLY, the system will automatically assign the lottery to the user and pre-lock the amount of PXG and ONT corresponding to the lotteries. Please ensure that you have deposited enough assets on your account before participating in the IXO.
For each winner, the system automatically converts the user's PXG into the project token VEC and unlocks ONT holdings after token releases.
For example, if the user has won one lottery, PIEXGO will deduct 41,666.67 PXG from the user’s account and release VEC into the user’s account at the ratio of 1:1.5.
2. Referral Contest
During the IXO period, if an existing IXO participant successfully refers friends to join the IXO token sale, he/she will receive an extra lottery or be guaranteed to win at a lottery. The total number of guaranteed lotteries is limited to 160.
DEADLINE: 10:00, 19 August 2019 (UTC+8)
The number of referrals will be displayed and updated on the IXO page.
- Should the user receive one extra lottery, he/she needs to click on ACTIVATE, authorising the system to automatically assign the lottery to the user and pre-lock the amount of PXG and ONT.
- Should the user receive one guaranteed lottery, he/she shall still apply for the lottery in order to claim.
3. PXG big holders can get up to 2 lotteries directly
From 00:00:00, 13 August to 17:59:59, 16 August (UTC+8), PIEXGO will select users with PXG holdings randomly. PXG users holding ≥ 2,000,000 (including PXG Vault, not including locked private offering) can apply for up to 3 lotteries with 1 lottery winning guaranteed. Meanwhile, PXG users holding ≥ 4,000,000 (including PXG Vault, not including locked private offering) can apply for up to 3 lotteries with 2 lotteries guaranteed.
After the lottery starts, the system will randomly select lottery tail numbers until it draws out 1,400 lottery winners.
- The number of lotteries issued will depend on the actual number of subscriptions for this RocketGo project.
An example is shown below, with 41,666.67 lotteries issued for demonstration:
*The first lottery number will start from 100000.
a. User A has 3 lotteries: 100013, 100014, 100015
Based on the above, User A has won one lottery: 100013.
In this case, PIEXGO would deduct 41,666.67 PXG from user A’s account. At the same time, 1 quota of VEC would be issued to the user. All the remaining PXG and ONT will automatically be unlocked back to user A’s account.
b. User B has 3 lotteries: 100012, 100013, and 100014
Based on the above, User B has won two lotteries: 100012 and 100013.
In this case, PIEXGO would deduct 83,333.34 PXG from user B’s account. At the same time, 2 quotas of VEC would be issued to the user. All the remaining PXG and ONT will automatically be unlocked back to user B’s account.
8848 Chain aims to reshape the production relationship of the e-commerce industry utilising blockchain technology. Focused on breaking the autonomous enterprise boundary of a classic centralised e-commerce platform, the autonomous chain seeks to establish a transparent, credible and fair distribution mechanism, mobilise e-commerce ecological parties, form a large-scale e-commerce ecological cooperation of voluntary organisations and promote the e-commerce model to evolve from a centralised to decentralised community business system.
Learn more about 8848 Chain(VEC) through the project website and block browser.
Project Website: www.everestchain.org
White Paper: www.everestchain.org/8848chain.pdf
- The lottery winning chance is completely driven by market demand. The PIEXGO team is not aware of the winning rate. As the market demand increases, the winning rate of this project will be lower.
- PIEXGO – RocketGO's IXO model is known to have relatively high risk and users are responsible for their own decisions. Before participating in the project, PIEXGO strongly recommends users to conduct in-depth research of the project. Please only participate at your own discretion.
- Digital currency investment is a high-risk investment, and prices can fluctuate tremendously. Please judge all the related risks as well as your investment capacity and make investment decisions cautiously and rationally. PIEXGO endeavours to offer high-quality tokens, however, will not be responsible for any guarantees, compensations or outcomes related to investors' activities.
We constantly appreciate your support for PIEXGO. Enjoy trading!
9 August 2019