Wed, 28 Oct 2020 09:41:16 GMT
Quick Update with EBO customers:
After validation, the 80:20 rules being applied for the first 2 years of Controlled Trading Period i.e. when there is any purchase of EBO, 80% will source from existing seller and 20% will source from new EBO issued. After 2nd year, 100% will be sourced from existing seller first before issue new EBO. EBO team will specify this clearer in the T&C, and update the FAQ which is less accurate. Sorry for the inconvenience caused.
The purpose of the 80:20 rules is due to EBO does not have an ICO period to issue coins before trading, EBO concept is coin issuing and trading process being carried out at the same time i.e. from mid of June 2020 onwards, hence every purchase transaction will incur a 20% of new EBO to be issued out to supply enough EBO to the market to meet the demand.
Feel free to ask if there is further doubt. Thanks.
Wed, 28 Oct 2020 15:11:13 GMT
next time don't change it quietly, ok? lol
Thu, 19 Nov 2020 04:21:36 GMT
the formulae was fixed since day 1... but the legal team forgot to mention this point to the public... apologies for the inconvenience caused.