Users in ONT community all know that tokens stored in the wallet will periodically generate GAS. (with ONG as its token) According to the current statistics, the majority of exchange platforms haven’t given the GAS (with ONG as the token) generated by the wallet to users. Therefore, after communicating with ONT team, CoinMex decides to support to give ONG produced everyday back to users weekly and to list the trading pairs of ONG.
1.Generating and Giving Rules
ONG gained by the user=Total ONG gained by CoinMex * ONT proportion of the user’ positions
ONT proportion of the user’ positions=Sum of daily ONT positions of the user/Sum of daily ONT positions of all users
Position Calculation Rule: At 23:59:00 every day (Beijing time), the system will calculate the user’s positions and the total positions of CoinMex.
Intraday positions less than 50 ONT will be excluded to the calculation.
2.Conditions for Giving Out
Giving Out Period: 31st, July of 2018-Subject to the ending time in our official announcement
Giving Out Time: 20:00pm at every Friday (The future time of giving out may be adjusted due to the objective reasons, please kindly understand.)
Giving Out Range of time: 20:01pm of the last Friday – 23:59:00pm of this Thursday
How to check: CoinMex-Asset Management-Token Account
User A, during the statistics process, have respectively 10 ONT, 100 ONT and 600 ONT for three days, while CoinMex has 1,000 ONT, 2,000 ONT and 3,000 ONT.
Suppose that CoinMex, in these 3 days, respectively has gained 100, 1,000 and 2,000 ONG.
Then User A actually can gain ONG as follows: 1,000*(100/2,000)+2,000*(600/3,000)
The reason why the positions of the first day is not included in the calculation is that it is less than 50 ONT.
CoinMex’s kind reminder: Digital asset, as a creative investment goods, features dramatic price fluctuations and has high investment risks. We hope that you fully understand the digital asset and take into consideration your ability of investment, thus making an investment decision cautiously.
31st, July, 2018