iCoinbay is committed to establishing a tokenized digital asset exchange through joint development, joint success, and joint responsibility, so we have launched a [Trading Premium Gain] plan. As described in the white paper, community members can acquire TPG by contributing to the community via normal trading. TPG will then gradually be issued to the members, in total representing 51% of all TPG in the form of [Trade/Contribution Incentives]. View TPG white paper
Issuance rules for TPG corresponding to transaction fees
Except for TPG sell orders (Transaction Fee: 1%), all trades between the trade pairs included in the [Trading Premium Gain] plan will have a transaction fee of 0.05%.Frees
Starting at 00:00 (GMT+0) everyday, the exchange takes a snapshot of transaction fees incurred by a community member over a period of an hour. Then, the average price over said hour is taken based on the snapshot and used to issue corresponding TPG tokens to the community member.
Average Price per hour = Total transaction amount within said hour / Total trading volume within said hour
TPG Issuance Rules:
Starting from the date a transaction fee is incurred by the community member, TPG will be issued after 168 hours (7 days) . This issued TPG corresponds to the original transaction and transaction fee incurred 168 hours earlier during the same hour of time.
For example: During the hour of 00:00-01:00, TPG corresponding to the records taken between 00:00-01:00 from 168 hours (7 days) ago will be issued.
iCoinbay will adjust the above methods and rules in a timely manner according to community development and other factors and in combination with community opinions. New rules will be implemented from the time of public announcement.
This document does not constitute any investment advice or profit guidance. Before making any decision on the basis of reading and understanding the content presented in this document, users should be aware that any investment behaviors have certain risks. Participation means that they are willing to accept all relevant risks.
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