“Blockchain is interesting. And some blockchain ventures look promising. Anyhow, I don’t plan on investing with my half-baked knowledge about the project.”
This is probably the most frequent response from investors when asked about blockchain and crypto investments.
Want to venture into crypto investment but just can’t seem to keep up with the hard to crack terms and rules?
Don’t worry. We have got it sorted out for you.
Bithumb Global is launching a learning zone named BG Learning with an aim to foster premium projects and give back to our community for their overwhelming support throughout these years.
By signing up for our BG Learning, you can learn more about the project in question and collect project tokens as rewards for your level of understanding.
BG Learning will be an interactive platform where discussions on premium blockchain projects are held to create a buzz around the project. A variety of content-rich Q&A sections will be hosted on the platform from time to time giving users the opportunity to learn in detail about new blockchain ventures. This way, investors can get their doubts cleared from experts and take the plunge into blockchain investment without falling prey to traps, hoaxes, and misunderstandings.
If you are new to blockchain, BG Learning will be an ideal place for you to get started. So, how does BG Learning really work? Let’s take a look.
The Voting Form
On BG Learning, the voting event consists of a series of questions related to the blockchain projects listed on the program. Users have to learn about the project prior to the voting event and answer the questions correctly. If so, the user’s votes will be taken into account and rewards will be given accordingly. But if the user fails to give the right answers to the questions, the votes will be discredited and the user earns no tokens as a result.
How are Votes Calculated?
In the voting events, the basis of the number of votes allocated will be the assets held by Bithumb Global users and the amount they have transacted on the platform. However, low commission rate market maker accounts will be excluded.
The number of votes a user is eligible to cast is determined as follows:
The total number of votes a user is eligible to = number of votes given for asset holdings + the number of votes given for the total transaction amount on the platform.
A. The number of votes users are awarded on account of their asset holdings is calculated as the average of their net asset holdings in the account 14 days before the voting. This includes spot assets and margin trading assets, excludes borrowed assets in margin trading.
= [Total value of BTC, ETH & USDT holdings / 200*1 + Total value of the tokens holdings other than BTC, ETH and USDT/200*0.5]
B. For every 100USD transaction made in the 14 days before the voting event, the user is eligible for one vote.
Let us take a real-life example to explain this better.
The average of net assets held by Mr. Jake in the 14 days before the voting event are -
- BTC, ETH, and USDT amounting to USDT 410.
- Tokens other than BTC, ETH, and USDT amounting to USDT 620.
And the total transactions made by Mr. Jake in the 14 days before the voting event amounts to USDT 465.
Thus, the total number of votes Mr. Jake will be eligible to = (The value of BTC, ETH, and USDT / 200 * 1) + (The value of tokens other than BTC, ETH, and USDT / 200 * 0.5) + ( total transactions made in the past 14 days / 100* 1)
= (410/200) + (620/200*0.5) + (465/100)
= 2.05 + 1.55 + 4.65
= 2 + 2 + 5
= 9 votes.
Please note that if we come across any discrepancies or receive complaints regarding the transactions and holdings and they are confirmed to be true, we reserve the right to cancel the votes.
The final interpretation of the calculation of votes and tokens will be made by Bithumb Global.
Learning about the blockchain ventures will help you make the right investment decision. The reward-based system followed on BG Learning will motivate investors to get to know about the projects they are going to invest in before committing any mistake due to a lack of understanding.
Once the voting event is wrapped up, a definite amount of project tokens will be airdropped for the users. If your voting event had gone great and you had answered the questions correctly, you will get your share of reward tokens. The airdropped tokens will be distributed among users who had answered correctly based on the proportion of their votes to the total votes in the event.
For instance, a voting event had 50 votes in total. If 5000 tokens are airdropped and you were eligible for 5 votes, your share of tokens will be,
5000 * 5/50 = 500 tokens.
Come, Be a Part of BG Learning
The massive interest seen in cryptocurrency trading in the wake of the economic downturn owing to the global pandemic is only set to increase with each passing day. However, like any other assets, crypto trading is also fraught with risks. However, the risk:reward ratio in case of cryptocurrency trading is much more than traditional assets. That makes it more exciting and difficult to crack.
However, with BG learning, we endeavor to make blockchain investing informative and fun, so that you can invest in promising blockchain projects with a full understanding and with a high level of confidence. This will eventually enhance your chances of earning handsome profits.
BG Leaning Season 1 Launches — MANTRA DAO
MANTRA DAO leverages the wisdom of the crowd to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO focuses on staking and lending to give financial control back to the people to grow wealth together.
Check out more on >> https://www.bithumb.pro/en-us/learning