5 BTC at 50% off: Massive pool sale from Bitbns

Dear Users,
Thanks for the tremendous response for the pool sale concept. We saw massive oversubscription to our previous Pool Sales. We made it 5x bigger in the 3rd. Now we are doing a 5 BTC pool sale with $BNSD.

Here’s the timeline

• Price ratio for BNSD/BTC is determined on 11th Sept 12 PM IST. Say it’s 500 Sats of BNSD/BTC. After applying for a 50% discount, the ratio is 1000 sats for BNSD/BTC. Basically it means you get more (twice the amount of) BTC for same amount of BNSD
• Subscribe for the event. Subscription goes live on 11th September 12:00 PM IST (GMT + 5:30)
• Subscription closes on 13th Sept 10 AM IST
• 13th Sept final allocation 11:59:59 AM IST
• Users can decide to accept or reject the allocation for the next 12 hours till 14th Sept 11:59 AM IST
• Distribution of BTC, or refund of unallocated BNS if any, by 12:15 PM IST 14th Sept.

How to participate:

• You need to stake a minimum of 100 BNSD to participate in the pool sales
• Your allocation in the pool sales is determined by the amount of BNSD you are staking.

The price for BNSD/USDT for BNSD staked would be taken according to 11th September 12 pm timeline
The price for BNSD/BTC has been taken according to 11th September 12 pm timeline

The more BNSD is being staked, the more allocation size. Utility and unlocked tokens can be used to stake

So, as an example, say the price of BNSD/BTC is 500 Sats on the price determination date. (22nd August 12 PM IST)
So for 5 BTC the total BNSD that can get allocated is:
(Number of Sats in 5 BTC)/(BNSD/BTC price)
i.e. 500,000,000/500 = 1,000,000
At 50% discount, BNSD/BTC price = 1000 Sats and therefore, 500,000 is the max BNSD that can be staked for the event.

Now let’s consider this:
Say, if you have staked 2000 BNSD:

Case A) Event is either under-subscribed or 100% subscribed:

This means less than or equal to 500,000 BNSD were staked. In this case for whatever amount of BNSD you have staked, you would get the allocation in that proportion.
Considering 1 BNSD is 1000 Sats after discount,
Your stake of 2000 BNSD would get you 1000*2000 Sats = 2,000,000 Sats

Case B) Event is over-subscribed:

Say, people staked around 1,000,000 BNSD for participating. So the oversubscription factor is 2. (1,000,000 BNSD/500,000 BNSD= 2). Now you would receive an allocation according to this formula:
(Total BNSD you staked/oversubscription factor)
In this case, you would get 2000/2 = 1000 worth of allocation. So for 1000 BNSD, you would get BTC at 1000 Sats price BNSD/BTC (after 50% discount)
Therefore, you would get 1000*1000 = 1,000,000 Sats and the rest (1000 BNSD) would be refunded back to your wallet.

Now moving to an important point. What you need to do to empower the BNSD ecosystem more? Now moving to an important point. What you need to do to empower the bns ecosystem more ? Spread the word about bns pool sales. We would always continue to build things to empower users to save money, make money or reduce their commerce friction. More on it here Most users would be thankful to you having discovered the cool things that are out there which would be there in bns ecosystem — Bitbns utilities — trading, lending borrowing, FIP, Bitdroplet, Pool sales, Buyhatke, Usemycards, Tatkalforsure, Cricket Swag, Salesla, Usemysubscription, Spidy, Flightsforsure and others.

FAQs:

Q. I want to participate but I do not have enough BNS?

You can buy BNS from the trading pairs listed on Bitbns, Uniswap or Hotbit

• Bitbns (With INR pair), You can also exchange your crypto to buy it from any corner of the world without having KYC or Indian bank account.
• Uniswap (With ETH)
• Hotbit (With USDT)

Q. What happens to my BNS?
With your staked BNS you get a certain allocation

Q. Where can I check pool sales ?
Here’s the web link https://bitbns.com/trade/#/pool-sales/.

Achievements and upcoming:

1. Innovative defi yield token with new innovations coming.
2. It was number 1 trending on CoinGecko (Screenshot).
3. It has 1000 ETH + liquidity consistently.
4. It has had consistent trading volume of millions of USD+ per day.
5. It is already listed on 3 exchanges. Uniswap, Bitbns & Hotbit.
6. It has halving built in which makes it all the more amazing by being disinflationary.
7. Super low market cap 1.2 million USD.
8. Transparent and public team having built multiple innovations under the fold.
9. High APYs.
10. Pool sale.

Till then
Onwards and upwards,
Team BitBns