OPINIONS ON THE NEW TRADING AS MINING SYSTEM AND DIVIDEND SCHEME IN GAEX.COM
Current Trading As Mining in GAEX.com:
1 million — 10 million BGX per day (10 million BGX per day before July 10).
- 10%: 100,000–1,000,000 BGX are used for the login mining based on the total number of users, once every half an hour, the amount being 100,000–1,000,000/48/login number
- 80%: 800,000–8,000,000 BGX are used for the trading mining based on the total trading amount, once per hour, the amount being 800,000–8,000,000/total transaction in the last hour (USDT)*user transaction in the last hour (USDT)
- 10%: 100,000–1,000,000 BGX are used for the users based on the ranking of their trading amount, once every 6 hours, the amount being 100,000–1,000,000/4. The user who ranks first of the trading amount in the past 6 hours will receive the award.
Users who login in GAEX.com will receive considerable rewards.
With the operation of GAEX.com, after analyzing the Token output system of other exchanges, GAEX.com will launch a new trading as mining system from August 15th. Now we are collecting opinions from the whole community.
In order to better carry out the mining mechanism, all GAEX users, as GAEXers, are divided into 2 types.
The first type of user is called “trader”. Traders are the ones who conduct transactions of cryptocurrencies for the purpose of investment, therefore, they always choose to deduct BGX as commission fee when transferring tokens. All the BGX that traders use to deduct will be regarded as the only source of our daily mining pool for trading, as the deducted tokens will be burnt completely, and an equal amount of BGX will be taken out from the GALAXY Mining System and given out to traders when trading in GAEX.com.
The other type of user is called “miner”. Miners pay the commission fee with ETH instead of using any BGX when conducting transactions in GAEX.com, and they are able to share dividends from the mining pool as well.
Meanwhile, we have improved the reward ratio for users based on the total trading amount and optimized the login mining and sign-in functions.
The New Trading As Mining System and Dividend Scheme:
The mining pool for trading is allocated according to the BGX amount that all traders consumed instead of a fixed output.
Mining Through Login:
- Rate: 5%;
- Range: All login users;
- Amount: the BGX amount for each time=the output of mining pool for trading during the last hour*5%/number of login users during that day.
Mining Through Trading:
- Rate: 90%;
- Range: All miners;
- Amount: the BGX amount for each time=the output of mining pool for trading during the last hour*90%/total transaction volume for all miners during last hour (in USDT)*the transaction volume of one miner during the last hour (in USDT).
- Rate: 5%;
- Range: The miner who has made the largest transaction volume during the last hour;
- Amount: the BGX amount for each time=the output of mining pool for trading during last hour*5%;
70% of all the commission fees that collected in GAEX.com (except for BGX) will be shared as dividends for the BGX holders who are in line with at least one of requirements as following:
- Previous investors of BIT.GAME who have participated in the lockup plan;
- Investors who have participated in the Super Node and Super Player project;
- Users who have participated in the lockup plan for dividends of GAEX.com (this event will launch in GAEX.com before August 12th).
Dividends Sharing Rules:
- All the commission fees (except for BGX) will be counted into ETH and allocated collectively;
- All users who have met the requirements will be rewarded:
Rewarded amount = dividends to be allocated on that day*locked up amount from the user/total lockup amount (ETH);
- Dividends will be allocated once per month. The first time of dividend-sharing will start at 23:59 pm on September 1st.
All the information will be officially published in the Homepage of GAEX.com.
Estimated Value of the Distributed Dividends (for yesterday): the total amount of ETH allocated yesterday
Estimated Value of the Dividends Per Million BGX: rewards for lockup 1,000,000 BGX
Estimated Value of the Dividends to Be Distributed (for today): the total amount of ETH allocated today
Estimated Value of the Dividends to Be Distributed (this hour): the amount of ETH to be distributed this hour
Burned Amount (for yesterday): the amount of burned BGX
Amount of BGX Distribution: the current total distribution of BGX
If you have any opinions or suggestions about GAEX.com Trading as Mining System and Dividend Scheme, please contact email@example.com.
July 26, 2018