Dear Users,
AOFEX exchange uses 20% of the fees profit per month to buy back OT from the secondary market and burn it.
Details of OT Destruction in Phase 4 is published as follows:
Destruction Time: 17:30 , October 31, 2020 (GMT+8)
Destruction Amount:605,601 OT(about 8.00 million AQ)
Destruction Address:
https://cn.etherscan.com/tx/0x793b360a0313e61793ca0ed95f39c708823fed8a8bda12c81b2015b06bdc88ba
Burning Records:
As of October 31, 2020, AOFEX has buried 3,602,657 OT
Details:
Burning Times |
Types of Burning |
Burning Time(GMT+8) |
Burning Amount(OT) |
1st |
New Project(DSF) |
July 2, 2020 |
31,172 |
2nd |
New Project(PD) |
July 23, 2020 |
60,532 |
3rd |
Platform Monthly Buy-back |
July 31, 2020 |
731,707 |
4th |
New Project(ATTN) |
August 7, 2020 |
64,599 |
5th |
New Project(ATIS) |
August 10, 2020 |
69,348 |
6th |
Platform Monthly Buy-back |
August 31, 2020 |
771,428 |
7th |
New Project(ATDF) |
September 5, 2020 |
72,463 |
8th |
New Project(DFD) |
September 8, 2020 |
62,500 |
9th |
New Project(OGT) |
September 11, 2020 |
68,493 |
10th |
Platform Monthly Buy-back |
September 30, 2020 |
609,756 |
11th |
Remaining OT destruction |
October 1, 2020 |
|
12th |
Remaining OT destruction |
October 27, 2020 |
|
13th |
Platform Monthly Buy-back |
October 31, 2020 |
605,601 |
Total Amount of OT: 96,397,343 OT
(Total Amount of OT = 100 million OT - Buried OT)
Total Circulation of OT: 16,397,343 OT
(Total Circulation of OT= circulated OT-Buried OT)
Deflation Rate of Circulating Stock in This Month: 6.08%
(Deflation Rate of Circulating Stock in This Month=1,060,659 OT, Burning Amount of OT this month /17,458,002 OT, Total Circulation of OT last month)
Through the burning of OT, the number of OT in the market circulation was further reduced, and the deflation attribute of OT began to work, which promoted the stable appreciation and potential development prospect of OT.
The Functions of OT
OT users can enjoy the following rights and interests:
1.Deduction of fees
2.Project side margin
3.Rights and interests of OT holders
4.Rush purchase of new projects
5.Air-drop award
6.Opening and settlement of options
7.Chat room bonus
8.Buy back and burning every month;
9.Vote to go live coins (under test)
10.Preferential purchase of hot financial products (under test);
11.Get bonus rebate (under test);
12.Position and mining (under test);
13.Reduction of the advertising fee of OTC;
14.AP integration center;
15.Exclusive customer service.
*With the development of AOFEX 's global ecological construction and partnership, the functions and ecological rights and interests of OT will be launched. Please look forward to it.
OT (Option Token) is a digital asset issued by AOFEX platform based on ERC20. The total number of OT issued is 100 million, 20% of which are in early circulation, and the remaining OT will be used for incentive output of market users.
OT is used to continuously promote the construction and improvement of AOFEX ecosystem, covering all businesses of the platform worldwide. The functions of OT cover all products and rights and interests in the platform, including but not limited to: deducting fees, obtaining air-drop awards, preferential purchase of hot financial products, bonus rebate, mining, AP integration center, etc.
In order to better promote the ecological value of OT, the platform will establish a sound deflation mechanism, adopt the way of burning before output, and the amount of burning ≧ the amount of output. After the launch of OT, 10% community operation and 70% of the release mechanism of ecological construction will not be opened temporarily, and the specific launching time will be announced in the following announcement, including the specific release purpose, amount and details, so as to ensure that the circulation volume in the secondary market does not exceed 20% (20 million) of the total amount, until the total amount of burning reaches to 20 million.
Warm Prompt:
Digital asset is a high-risk investment product featuring by wild fluctuation, round the clock trading and so on. We highly recommend that users involve and invest very carefully after understanding the rules and risks. It is highly necessary to be aware of the risks by considering the experience and tolerance.
Thanks for your support!
AOFEX Team
October 31, 2020
Comments
0 comments
Article is closed for comments.