1.Wallet Register Process
User sends 0 ETH from an ETH wallets holding IHT (see minimum required IHT amount, otherwise transaction will fail) to the lockup registration contract address below:
i-HODL V2 smart contract address is: 0x0da7cac96acb2e25f4538132dd1009c45ce1ccbc
1.2 Fill the Data/Transaction Data according to your lockup period:
Note: Please click on “Advance” button in myetherwallet, imtoken, or metamask and put the the following code to select the period for the lockup.
2. On a successful transaction, a record of the address is created in the smart contract.
3. There will just be minimum 50,000 IHT and maximum 1,000,000 IHT lock amount.
4. We will capture the amount of IHT in the wallet at time of registration, if below min 50,000 IHT at registration time, reject transaction (fail registration), if above max, reward will be estimated at cap of 1,000,000 IHT.
5. We will reward based on the amount stored in the wallet that doesn’t fall below min (e.g. 50,000 IHT) at any time during lock period.
- At time 0, address A has 1,000,000 IHT in wallet
- At time 1 (time 1 > time 0) address A has 500,000 IHT in wallet
- At time 2 (time 2 > time 1) address A has 4,500,000 IHT in wallet
- 500,000 IHT will be used for calculating the reward amount lockup period
6. The lock v2 program is open only for 1 month, starts from August 1st, 2018 at 12:00 AM to August 31st, 2018 at 12:00 AM, UTC+8.
7. After the program is close, registration will be rejected
8. The vesting begins as soon as the registration is complete during the valid open period (see 6)
9. Bonus will be ONLY after the lock period has ended (e.g. if address A lock 500,000 IHT for 3 months, address A will get reward after 3 months period is over, NOT before)
10. There will be ONLY 1 per address, bonus will NOT be distributed in multiples
11. The same address can be registered multiple times (in case user changes their mind) during open period (see 6) by performing address registration (see 1). When the same address is registered multiple times, the last registration instance wins, old registration will be overridden
12. We support 3 lockup periods: 90, 180, 360 days.
13. IHT is being held in the user’s own wallet, and user can move IHT at will during lockup period. However, once the amount of IHT falls below min (50,000) required holding, the wallet will be disqualified from reward
Note: The reward will be distributed in the first week and third week after your lockup period ends and the following table shows the period i-House will distribute your reward.
