YOB is the platform token of YOEx platform. It represents owners’ equity of the trading platform. It is generally through trading mining and community ecology and other ways to gradually release. The total amount of issuance is constant at 5 billion.
Trading Mining Rules:
Method: according to user's transaction fee per hour, the platform converts the transaction fee into corresponding amount of YOB and returns 100% of the corresponding amount to user based on the 24-hour average price of YOB in the same day.
Cycle: the mining cycle is estimated about 360days, that is, part of YOB trading mining will be distributed to release within 360 days.
Difficulty: refers to the quota of YOB that each account digs out each day. In order to ensure daily output of the YOB is balanced, the platform will adjust daily mining difficulty with a reference value that completion of release about 360 days. For example, the difficulty of mining of the day is 360000, that is, the mining quota of YOB for each account on the day is 360000. When the account reaches the difficulty of mining on the day, if the transaction continues, YOB will not be returned. The difficulty adjusting time is 00.00(UTC+8) per day and the website will announce the mining difficulty at 00.00 every day.
Allocation time: the yield of previous day will be released to your account in hours by 00:00 at the next day.
Transactions that use YOB to deduct fees do not participate trading mining.
YOEx trading platform has the right to adjust the trading mining rules and reserves the right to the final explanation of the rules.
As a certificate for revenue, YOB will enjoy numerous rights and interests of the YOB trading platform. During popularizing trading mining, YOE.x will prorate 20% of the transaction fee income (including all currencies) to all eligible YOB holders per day， 10% to the operation team and other revenue will be put into the Crazy Prize Pool (See link below) to reward YOB investors.
Revenue Reward Rules ：
Participation conditions: account hold position YOB is greater than or equal to 100.
Reward allocation: the currency of the platform transaction fee revenue is allocated according to YOB position ratio held by the user (YOB held/total circulation YOB). For example, the platform revenue is BTC, ETH, CMT, WTC, USDT, then according to proportion to allocate 20% revenue of the BTC, ETH, CMT, WTC, USDT. Note: when the dividend of currency is less than 0.00000001, it is regarded as 0.
Calculation rules: randomly take a snapshot of the user's YOB position once every hour from 00:00 to 24:00 (UTC+8) per day, and calculate 20% of the total handling fee generated by the platform in the past hour according to the proportion of the YOB positions of the snapshot user, and accumulate the total by hour.
Allocation time: today's revenue will be allocated to your account at 00:00 (UTC+8) the next day.
11th Nov. 2018