Thanks for your attention and support all the way. Based on the principle of openness and transparency, WBFex now discloses the information of WBF Token (WT). Information disclosure on WT circulation is as follows:
- Total token supply：300 million
Ⅱ、Unreleased WT No.：200 million, with one year of lockup
WT lockup contract address：0x09115c388Da7e23C7884a8625A6A4DAFac9b8706
The specific distribution of 200 million WT lockup is as follows:
Ⅲ、Current released WT No.：100 million
3.1 Private subscription amount：30 million
Private subscription circulation：6 million（unlock20%）
lockup number for private subscription：24 million（locking 80% and release 20% at the end of each month from July）
3.2 Private subscription amount：70 million
（1）The incentive plan of the first lockup:10 million
According to the lock-up period submitted by the user, the original lock-up reward announcement is as follows:
Number of lockup in March: 5.371 million
Number of lockup in June: 3.298 million
Number of lockup in December: 1.331 million
（2）Number of current circulation: 50 million
（3）Current number of buybacks: 10 million
Considering that WT is used for user rewards and community operation in the distribution scheme has been locked up, WT/USDT has bought back 10 million WT from the secondary market so far, and will feed back to the community users in the future in order to reward the users who have contributed to the platform.
20 million WT will be repurchased later on, and a total of 30 million WT will be used for user incentives and platform rewards during the period of June 20, 2019.6-June 20, 2020, which will be successively sent out in the form of activity rewards, including but not limited to the following scenarios: Community partner awards; Super node reward; Users invite rewards, etc.
IV.Basic functions and application scenarios of WT
- Regular repurchases by the platform
According to the WBF Token (WT) repurchase plan, WBFex will repurchase 20% of the revenue each quarter starting from Q4 2019, and the repurchased WT will be destroyed directly.
- Deduction of service charge
If having full amount of WT in coin-to-coin transaction, the system will discount the service charge required and deduct the commission fee by converting the equivalent WT quantity into the market value at that time. Discount rate in the first year: 50%; Second Year: 40%; Third year: 30 %; Fourth year: 20%
WBFex is expected to launch the function of WT commission deduction at the end of July. Please pay attention to the announcement for the specific time and details of the deduction.
- Lockup in the platform
(1) Bonus for the locked position (Once a month, 8%-12% annualized income; Phase I has locked up 10 million )
(2) The project party's margin lockup (implemented from July 15)
(3) OTC merchant margin lockup (to be determined)
(4) Lock position of community partners (to be determined)
(5) Lock position of super nodes (to be determined)
- Open WT transaction zone.
- User margin to ensure the security of users' investment assets
* More WT application scenarios will be released in the future, please keep close attention.
3 July, 2019