"Token VC Mining" and "XLM Bonus" on "https://yuanzhu.io"
Jetmint is building a community oriented, shared and trusted peer to peer venture platform. Here, you can issue and invest token fast and safely on.
To encourage the development of community-oriented tokenization, promote the process of tokenization for traditional industry, and prosper Jetmint ecology, yuanzhu.io launches the community development plan of "Token VC Mining" and "XLM Bonus".
1 " Token VC Mining"
XYZ Foundation supports the Token VC Mining of the yuanzhu.io platform comprehensively. yuanzhu.io will exchange XYZ with XYZ Foundation by fees it received from project launchers. Then put the XYZ into mining pool.
Mining Condition: One who launch fundraising. Once launch fundraising, a user will start mining XYZ immediately.
Mining Circle: A user who launch fundraising owns her/his exclusive mining circle: from start time to end time of a project fundraising.
Production: Mining production=(Completion rate) * (the fee of a fundraising paid by a user)/(XYZ price). The fee of a fundraising paid by a user=1%*(Total amount of fundraising).
Distribute Time: The mined XYZ will distribute into the user account once his/her fundraising ends.
When the project is launched, the platform automatically deducts the commission fee. Fees will not be changed due to the completion rate.
For example:
User A launched a fundraising project, which from November 13th to November 15th. The project plans to raise 100 thousand XLM by A Token. At the end of the raising, user A will get: 100 thousand *0.01*160 (XYZ) =160 thousand XYZ.
2 "XLM Bonus"
Bonus Condition: XYZ holders.
Bonus Circle: Each bonus circle starts from 00：00：00 to 23：59：59 of each day.
Bonus Pool: From 00：00：00 to 23：59：59 of each day, XYZ Foundation put 80% of all fees(XLM) of the day into the bonus pool.
Bonus Basis: We snapshot XYZ in the platform on 00:00:00 of each day. The number of snapshot acts as the bonus basis.
Bonus Amount: XYZ/(Total amount of XYZ in trading)* (Amount of XLM put in Bonus Pool of the day).
Distribute Time: 00：00：00 of each day. The bonus will put into the accounts of yuanzhu.io for XYZ holders.
Bonus for XYZ not on the Platform: To get XLM bonus, XYZ holders out of the yuanzhu.io should click “Receive Bonus” on each day.
We would change the bonus pool and bonus basis according to XLM bonus progress.
For example:
When snapshot on 13th November 00:00:00, user A holds 100 thousand XYZ. If XYZ in trading is 1 million at that time, and yuanzhu.io receives 1000XLM fee. Then on 14th November 00:00:00, user A will get 100 thousand /1million *0.8*1000=80XLM for the previous 24 hours.
yuanzhu.io reserves the right to future adjustments and the final interoperation of this event.
Jetmint
13th November, 2018