Topic: Announcement for ALC's Trading and Mining Rule (Read 125 times)

Dear users:

Allcoin will officially open ALC's trading and mining, and the trading&mining rule is as follows:

The total circulation of ALC is 1 billion, of which 51% is used for mining and 49% is unlocked according to the mining speed. The 49% is allocated as follows: 30% for technology research and development, 15% for operational promotion, and 4% for strategic partners.

1. In line with the trading mining mechanism, Allcoin will adjust the trading fee of all markets as: 0.1% for both buy and sell. Adjustment time: 15:00 on July 3rd, 2018 Beijing time (UTC+8).
2.  The official trading&mining opening time is 15:00 on July 5th, 2018 Beijing time (UTC+8). On the first day, July 5th, the total mining volume of ALC is 1 million. The mining is finished when 1 million ALC are mined.
3.  For users who participated in trading and mining after 00:00 on July 6th, 2018, Beijing time (UTC+8), there is no limit on the total amount of ALC, and the mining is finished when all the 51% is mined.
4. On July 6th, 2018, Beijing time (UTC+8), Allcoin will distribute ALC mining fees to miners first time, the first mining time is between 15:00, July 5th to 23:59, July 5th, 2018, Beijing time (UTC+8). After that, the daily mining fees will be distributed next day.
5. From 00:00 on July 6th, 2018, Beijing time (UTC+8), inviting friends to participate in the trading and mining will receive an equivalent ALC of 20% of the friends' trading fee. The original activity of invitation for bonus will be suspended.
*Partner accounts that have not been charged with trading fees previously or been charged with favorable trading fees will not participate in ALC trading and mining.

Notes: The final interpretation of the platform token belongs to Allcoin.

Allcoin Team