MITH Token Stake and Burn — Burning Man Event on Binance Chain|秘銀幣安鏈火人季燒幣計畫規則
In celebration of the MITH community, along with the community spirit of Burning Man, we will hold this event on the same date when the Man burns on August 31, 2019. See countdown here.
For this event, we will burn MITH based on what MITH holders decide to stake, up to 50,000,000 MITH. MITH holders participating in this event can choose to stake their BEP2 MITH for 6 months to receive 10% more MITH, or 12 months to receive 30% more MITH. ERC20 MITH holders can send their MITH into Binance.com to convert them into BEP2 MITH. Deadline to send in your BEP2 MITH is 2019/08/30 2pm UTC+8.
HALF_YEAR_ADDR：bnb1wjhnglewunu3eetk5f76pa87q3yapp3zrgmue8
ONE_YEAR_ADDR：bnb1lfevzyetl9zudwdrslexcqkknnmdxjlre3vek4
For the stake:
1) Deposit your BEP2 MITH to HALF_YEAR_ADDR by 2019/08/30 2pm UTC+8, receive your MITH back in 6 months, and get 10% more MITH at the end of the 6 month period, 2020/02/28 2pm UTC+8.
2) Deposit your BEP2 MITH to ONE_YEAR_ADDR by 2019/08/30 2pm UTC+8, receive your MITH back in 12 months, and get 30% more MITH at the end of the 12 month period, 2020/08/31 2pm UTC+8.
For example:
Alice deposits 100k BEP2 MITH to HALF_YEAR_ADDR at 2019/08/25 and she will receive 110k BEP2 MITH at 2020/02/28 2pm UTC+8.
Bob deposits 500k BEP2 MITH to ONE_YEAR_ADDR at 2019/08/28 and he will receive 650k BEP2 MITH at 2020/08/31 2pm UTC+8.
For this stake and burn, we have set a limit of up to 50,000,000 MITH, or 5% of the total MITH float. Any MITH we receive after the first 50,000,000 MITH will be returned to the originating address. The maximum amount of MITH we will burn in this event is 50m BEP2 MITH, or 5% of MITH token total supply.
We will use the Binance Chain BURN feature to burn the BEP2 MITH we receive around 2019/08/31 2pm UTC+8. We will announce the TXID upon completion. You will be able to see this burn on-chain at the Binance Chain explorer.
Note:
- Only send your BEP2 MITH from a Binance Chain wallet address you control.
- DO NOT USE exchange wallet (binance.com) to send your BEP2 MITH.
- Using Trust Wallet or Binance.org is recommended.
- This burn is limited to BEP2 MITH only. ERC20 MITH holders can send their ERC20 MITH to Binance for conversion to BEP2 MITH.
- The minimum amount of deposit/burn transaction is 1,000 MITH. Any transaction amount below this amount will be ignored.
為了慶祝秘銀社群的廣大支持，秘銀幣安鏈火人季燒幣計畫將於 2019/08/31 2pm UTC+8（台北時間）執行燒幣，即日起我們公布兩個地址如下：
HALF_YEAR_ADDR：bnb1wjhnglewunu3eetk5f76pa87q3yapp3zrgmue8
ONE_YEAR_ADDR：bnb1lfevzyetl9zudwdrslexcqkknnmdxjlre3vek4
秘銀持有者使用自己的錢包在 2019/08/30 2pm UTC+8（台北時間）之前打入 BEP2 MITH，持有者將分別在半年與一年後獲得 10% 與 30% 的回饋，發放的時間分別為 2020/02/28 2pm 與 2020/08/31 2pm UTC+8（台北時間）。
為求容易理解，以下為範例：
Alice 在 2019/08/27 打入 100,000 BEP2 MITH 進入 HALF_YEAR_ADDR，Alice 的地址將在 2020/02/28 2pm UTC+8（台北時間）得到 110,000 BEP2 MITH。
Bob 在 2019/08/28 傳送 500,000 BEP2 MITH 進 ONE_YEAR_ADDR，Bob 的地址將在 2020/08/31 2pm UTC+8（台北時間）收到 650,000 BEP2 MITH。
兩個地址燒幣上限各自為 25,000,000 BEP2 MITH，按照幣安鏈區塊順序計算，若超過則會按照幣安鏈上的地址退還原額，故此次活動最大燒幣數量為 50,000,000 BEP2 MITH，佔秘銀總流通量的 5%。
秘銀官方會將 HALF_YEAR_ADDR 與 ONE_YEAR_ADDR 收到的總量 BEP2 MITH，在 2019/08/31 2pm UTC+8（台北時間） 於幣安鏈上執行燒幣，燒幣完的 TXID 連結會公布於秘銀官方渠道以供驗證，屆時可由 https://explorer.binance.org/ 查看。
Note:
傳送時不需要 MEMO，請勿使用交易所錢包 (例如：Binance.com) 傳送 BEP2 MITH，否則會導致持有者的權益損失。
- 建議使用私鑰自管的錢包（例： Trust Wallet 或 Binance.org ）傳送。
- 燒幣額度最小參加數量 1,000 MITH，小於此數字的交易會被忽略。
- 這次活動無關 ERC20 MITH。
