Dear CoinMex users:
Delphy was officially listed on CoinMex at 20th, July, 2018 and all the holders will be given the tokens. CoinMex will help Delphy to complete the DPY giveaways.
DPY Giveaway Mechanism:
- According to the original plan, 50% of the total DPY (50 million DPY) will be given away monthly to all DPY holders in a free way at a 1:1 ratio within 2 years. (The first giveaway time is 31st, October, 2017)
- Every giveaway will be done at the unit of one month and refers to one certain block at a certain Beijing time to take the snapshot (namely calculating the number of DPY holders and their holding amount). DPY holders will receive the giveaways within 3 business days after the snapshot.
- The total amount of giveaways every time is 2,083,333.33333 DPY (50,000,000 DPY/ 24 months).
- Actual receiving token amount by a DPY holder = DPY which should be given away – trading fee
DPY which should be given away = Current amount of DPY held by the user / (24 months + Already given away time)
Trading fee = (Gas Price*Gas Used)/DPY Price ≈ 0.5 DPY
(Reference of history transfer data: Gas Price ≈ 20Gwei, Gas Used ≈ 50000, DPY Price ≈ 0.002002 ETH）
Until 30th, July, 2018, with the specific block as a reference, user Xiao Tian held 4950DPY and user Xiao Suan held 16.5 DPY. Then they respectively can receive the giveaways:
Xiao Tian’s giveaways = 4950 (holding amount) /33 -0.5 = 149.5 DPY
Xiao Suan’s giveaways = 16.5 (holding amount)/33- 0.5 = 0 DPY
（Why 33 ? Because the total giveaway time is 24 months and there are already 9-month DPY tokens given away）
As above-mentioned, after deducting the trading fee, Xiao Tian will receive 149.5 DPY, while Xiao Suan’s giveaway amount of DPY was just enough to offset the trading fee, so he didn’t receive any DPY. Similarly, when a user holds DPY less than or equal to 16.5, he or she will not receive the tokens.
You can check your DPY balance in your Token account after every giveaway.
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.
2nd, August, 2018