48 hours until our listing on Binance DEX and our #BNBack competition

Dear qiibeeans

We hope you are as excited as we are about the QBX listing on Binance DEX and from now on the countdown is running. In around 48 hours, to be precise, on Wednesday the 10th of July, at 2pm CEST, the QBX token will be listed on Binance DEX. And we want to celebrate this special event together with you and encourage you, our loyal qiibee community, to adopt the Binance DEX platform, their Binance Chain and general BNB ecosystem with our #BNBack competition.

So, please make sure that you’re set for the QBX listing and have a Binance DEX wallet account. Should you not have one yet, check out our latest blogpost on ‘How To Create A Binance DEX Wallet Account’.

The qiibee token will be tradable on Binance DEX with the pair QBX/BNB or you’ll be able to purchase QBX for BNB by making use of the Trust Wallet app, which Binance DEX has built in.

Buyers get rewarded — #BNBack

To boost the adoption of the QBX on the Binance DEX and make our listing as successful as possible we will support the QBX/BNB orderbook with different sell orders from the qiibee wallet and adjust the orders to the market movement. And this is your opportunity! The #BNBack competition will reward all traders who buy QBX on the Binance DEX during the first 7 days, whereby the rewarding mechanism will work as follows:

• qiibee will reward all QBX buyers with 5% of the collected BNB’s on the qiibee wallet address (from which qiibee sells QBX)
• All QBX buyers will receive a percentage of the 5% BNB according to their buying volume compared to the total buying volume
• E.g. If the total QBX buying volume during the first three days is 1m QBX and trader A bought 100k QBX, he will receive 10% of the BNB rewards
• Only the net buying volume will count towards the total buying volume
• If trader A buys 500k QBX but also sells 300k, then only 200k QBX will count towards the buying volume of trader A
• The QBX need to remain on the wallet for the 7 day duration.
• If trader A buys 500k QBX on Binance DEX and sends 300k to another wallet, only 200k QBX will count towards the buying volume of trader A
• Otherwise trader A can buy QBX on one wallet and sell them on another and repeat the process, thereby manipulating his position

The above mentioned steps will enable the Binance DEX traders to get QBX independently whether many ERC20 QBX holders migrate to BEP2 and sell their tokens on the Binance DEX, or not. We will use the funds generated to make additional trading competitions, aidrops and further boost the adoption of the QBX.

Please note that trading the qiibee token (QBX) on Binance DEX is only possible with a BEP2 token which requires a SWAP from the ERC20 token to BEP2. This process is a ONE-WAY migration, whereby you won’t be able to migrate from BEP2 QBX to ERC20 QBX anymore, at least for the moment. In a later step the opposite will also be possible which we will then communicate. More information can be found in our previous blogpost ‘SWAP your ERC20 QBX to BEP2 QBX’.

Last but not least, we want to remind you that Binance has an ongoing competition whereby projects listed on the Binance DEX, can be directly get listed on Binance.com! One of the key criterias to be eligible for the listing is a minimum trading volume of $50’000 a day. We have something special prepared to achieve this goal together with you and will let you know more about our plan next week. Until then, let’s make the Binance DEX listing on Wednesday, the 10th of July, a success. We are very excited to have you on board the qiibee rocketship!

Loyally yours,

Team qiibee

Please note that the BNBs will be distributed within 5 business days and qiibee reserves the right to not send the rewards if we detect any misbehaviour, spam, scam or other malicious behaviour.