PIEXGO will launch a DOT discount program at 17:00 on 19 September 2019 (UTC +8), where PIEXGO users can purchase DOT tokens at a discounted price. This campaign will only be limited to 30 minutes.
Purchase Token: PXG
Total Amount: 50,000,000 PXG
PXG Basic Price: 0.0032 USDT [The average price from 00:00:00, 10 September - 23:59:59, 16 September 2019 (UTC+8)]
DOT Basic Price: 160 USDT
Cap: 500,000 PXG per user
Minimum: 30,000 PXG per user
Application Time: 17:00 – 17:30, 19 September 2019 (UTC+8)
Withdrawal Time: To be announced after the mainnet launch of Polkadot
DISCOUNT 1 - More Participants, Higher Discount
The first discount will be decided by the number of users joining this discount program - the more users join, the higher the discount they will receive. Further details on the discount shown below:
DISCOUNT 2 - More Active Trading Days, Higher Discount
The second discount will be decided by the number of days that users trade on PIEXGO from 00:00:00, 16 September - 23:59:59, 18 September 2019 (UTC+8). For each active trading day, users must trade at least twice per day and each trading volume must be greater than 25 USDT - the more days traded will result in a higher discount entitled. Further details on the discount shown below:
DISCOUNT 3 - PXG Lottery
The third discount will be decided by the prize of PXG Lottery. Each lottery ticket costs 100 PXG, and each user can only win once. The lottery prize is limited, and the lottery fee will not be refunded if users do NOT win the lottery. Further details of the discount shown below:
After the user clicks on 'APPLY', the system will automatically pre-lock the amount of PXG. After the campaign ends, the actual amount of PXG used will be deducted, and the remaining amount will be unlocked.
In order to be entitled for DISCOUNT 2&3, users must apply for the token sale and get DISCOUNT 1 first.
Disclaimer: Although the total application amount on PIEXGO is less than 50,000,000 PXG, it will still be calculated as 50,000,000 PXG.
The actual purchasing amount of DOT will be calculated as of the following:
- The actual purchasing share of DOT per user = [50,000,000 PXG] / [The total application amount on PIEXGO] * [The total application amount of each user]
- The final discount of DOT per user = Discount 1 + Discount 2 +Discount 3
- Discount Price = DOT Basic Price * [1 - The final discount of DOT per user]
- The final amount of DOT token per user = [The actual purchasing share of DOT per each user] / Discount Price
For example: If 1,231 users join the token sale, the total application amount is 200,000,000 PXG, DOT basic price is 160 USDT, PXG basic price is 0.0032 USDT. User A purchases 500,000 PXG, has 3 active trading days and win the diamond prize, the discount price is 48 = (160*(1-(23%+28%+19% ))) USDT, allowing user A to be entitled to (50,000,000/200,000,000*500,000*0.0032)/48 = 8.3333 DOT.
1. Register on PIEXGO and complete the KYC process.
2. Please ensure that you have held or purchased a sufficient amount of PXG into your account before participating in the campaign.
3. At the end of the campaign, PIEXGO will summarise all the applications, calculate, send the final amount of DOT tokens to each user, and unlock the remaining amount of PXG.
4. Malicious behaviour is prohibited during the event. If the system detects multiple repeated participations or other malicious activities from the same IP, PIEXGO has the right to disqualify the user.
5. All rights are reserved by PIEXGO.
Risk Reminder: Digital currency investment is a high-risk investment, and prices can fluctuate tremendously. Please rationally judge all the related risks as well as your investment capacity and make investment decisions cautiously. PIEXGO endeavours to offer high-quality tokens; however, will not be responsible for any guarantees, compensations or outcomes related to investors' activities.
17 September 2019