BitCola.io will open the "Resonance Trading" mode to give back to users and promote the ecological development of BitCola. The total amount of BitCola resonant LDS is constant at 5 billion, of which 1 billion will be produced by resonance trading, 3 billion by ExPos mining, and the rest will be user community development and project launch.
LDS is a new consensus value network with the trading platform as the core, and it is also a new trading mode with ISO mode and resonance trading as the core. LDS TOKEN is the object of L-Dimension value bearing, which will play a very important role in the L-Dimension ecology, and will also be the L-Dimension value ecological embodiment.
ISO is a distribution mechanism with community interests as its core. The corresponding links in ISO remain open and transparent, and a good community feedback mechanism is established to ensure that the benefits generated at each stage are returned to the community. The development of the community will continue to provide motivation for the project. Compared with the past IEO, IMO, ICO and other modes, ISO is more open and transparent, which is more conducive to the long-term development and growth of the community. ISO resonance mode will also bring new development and opportunities to the trading platform
3. Resonance trading
Resonance trading will be divided into multiple stages, and the sooner users participate, they will get more corresponding LDS returns. The price corresponding to each stage is different. The higher the stage, the lower the price corresponding to LDS. On the contrary, the higher the price. Each stage is allocated a certain quota, and the quota will automatically enter the next stage after the sale is completed.
LDS issuance and distribution
The total amount : 5 billion
Consensus algorithm: ExPos
Resonance trading: about 1 billion, accounting for 20%. Will enter the resonance fund pool and release through the LTC resonance transaction. After the resonance is over, the portion that has not been resonated will be destroyed.
ExPos mining: 3 billion, accounting for 60%. ExPos mining is a combination of trading platform Exchange and Pos algorithm, which is more fair and fair than traditional Pos mining. The relevant details will be released after the resonance is over.
The team reserved: 800 million, accounting for 16%. It is mainly used for project start-up and risk reserve. The relevant use of this part will be announced regularly. After the development of the community stabilizes, the remaining unused parts will be publicly destroyed.
Market promotion reward: 50 million LDS, 100 marketing tools, community platforms, media and other propaganda partners, each 50,000 LDS rewards
Ecological initial capital: 40 million LDS for the initial ecological development of LDS, community construction, project promotion
Exchange Reward: 30 million LDS, used to reward online LDS trading platforms and users who trade. According to the white list, the top 30 trading platforms and eligible users will be rewarded according to the eligible conditions.
Endorsement rewards: 30 million LDS as a spokesperson reward, the currency circle is excellent for self-media, big V, etc. to promote in the form of text/picture/video/media;
Airdrop reward: 20 million LDS, will be used for airdrops to users held by Cola Token. With the ecological development of the BitCola platform, Cola Token holders will receive 1Cola Token: 1 LDS airdrop reward. The current volume of Cola Token will be announced during the airdrop. If the number of Cola Token flows is greater than the number of airdrops, the proportion of airdrops will decrease accordingly. If it is less than the number of airdrops, the remaining part of LDS will be destroyed.
Genesis Owner Award: 20 million LDS, will be used to recruit the creation of the group owner reward, after the application, the owner can get 100,000 LDS rewards
Volunteer reward: 10 million LDS, mainly used for volunteers who contribute to the ecological development of LDS
The distribution and use of LDS tokens will be strictly in accordance with the corresponding rules, and the use of LDS tokens will be released regularly. After the community stabilizes, the unused TOKEN will be destroyed and publicized.
LDS resonance details
The LDS resonance trading fundraising target is LTC, and the corresponding soft and hard top is set.
Soft top target: 10000 LTC
Hard top target: 120000 LTC
Resonance time: 20:00 on May 16, 2019 to 20:00 on June 16, 2019 (UTC+8)
If the soft top is not reached during the resonance time, the corresponding funds in the fund pool will be automatically returned to the corresponding account, and the LDS in the user account will be recycled. LTC will return the same amount.
Resonance details: Resonance will be assigned according to the principle that the earlier the participation ratio is higher. The return on investment of early participants was 5.72 times that of the stable period. The resonance will be divided into 1000 sub-stages. The higher the stage is, the higher the ratio is, and the more LDS is obtained. The LDS released in the first phase was 2212458. The price of each LDS in the first phase is approximately 0.004596 USDT (the specific price is based on the current LTC price). Each stage only matches 120 LTC. Once you reach 120 LTC, proceed to the next stage.
Resonance release formula:
For example: 1. When at the beginning of resonance (first phase), n=1, the release amount of LDS =2212458. At this time, the unit price of LDS is 0.0000542383 LTC, approximately 0.004596 USDT (specific prices are based on current LTC prices). 2. When in the 532th stage of financing, the release of n=532 LDS = 870343 . At this time, the unit price of LDS is about 0.01277 US dollars; the specific price will be calculated according to LTC real-time, LDS pricing is subject to LTC, and each round will release a certain amount of LDS according to the release formula.
The resonance will be divided into ten phases, each phase will last for 48 hours, and at the end of each phase, it will enter a 24-hour resonance dormancy period with a cumulative time of 30 days. Each period will have a quota of 100 stages, with a fixed 120 LTC quota for each stage. After the end of each period of resonance, the unresoned LDS will be destroyed directly. E.g:
In the current first phase, the first phase is the 1-100 phase. If the resonance reaches the 89th stage at the end of the current resonance, the remaining 90 to 100 stages of the LDS quota will be directly destroyed. And enter a 24-hour resonant dormancy period. The second phase will start from the 101st to the 200th phase, and the resonance release ratio will be calculated from the 101st phase. For example, the 89th phase resonance ratio is 1 LTC: 16097 LDS, after which the 90-100 phase resonance credit will be destroyed, the next phase will start from the 101st phase, then the resonance ratio will become 1 LTC: 15793 LDS .
In order to expand the ecological development of LDS and the long-term interests of the community, LDS will open the resonance locking mechanism. After the user participates in the resonance, the 75% LDS obtained by the resonance will be locked and 25% will be available.
For example, if user A participates in the resonance 100 LTC in the current period, it will automatically unlock 25% LDS, and the remaining 75% of the LDS part will be unlocked by resonance unlocking.
After the user participates in the resonance, the user can be unlocked by inviting the friend to participate in the resonance or the period to automatically unlock. The details are as follows:
The resonant lock section will be unlocked in two ways. After participating in the resonance, the remaining 75% of the locked portion will unlock 1% per day for a total of 75 days to unlock.
Invitation to unlock
The user can accelerate the unlocking by inviting the friend to participate in the resonance. Each time the user invites a friend to participate in the resonance, the user can unlock the quota, and the unlocking will be unified and unlocked after the end of each period. The specific calculation formula is as follows:
User unlock amount = invited friends to participate in the resonance amount * 25%
For example, user A invites user B. User A currently locks the amount of 100 LTC to LDS, and user B participates in resonance 200 LTC. At this time, user A can unlock 200 * 25% = 50 LTC corresponding credit.
To further expand the LDS community and ecological development, LDS will introduce an invitation reward mechanism. After the user successfully invites the friend to participate in the resonance, the inviter can obtain the LDS of the invitee's resonance amount of 2.5% as an invitation reward. This part of the invitation to reward LDS share will reserve some of the expenses through the team, the invitation will be paid in real time.
The nodes will be divided into super nodes and ordinary nodes, and the relevant details will be officially released after the resonance ends.
LDS ecological rights
1. Holding money as equity
During resonance, the user can obtain LDS through resonance trading, and the LDS holder will be given the corresponding ecological rights. Its interests include promoting decision-making rights, rewarding decision-making rights, and developing decision-making rights. The ecology of the community as a trading platform will also help the growth and development of the LDS community. LDS holders will be directly related to LDS related rewards and interests.
2. Destruction mechanism
As the community continues to grow, users enjoy the LDS ecological rights, but also need to contribute to the LDS shared ecology, the corresponding destruction mechanism will play a positive role in the development of LDS ecological. In the future, destruction will be carried out through other destruction mechanisms such as incentive destruction, cooperative destruction and participatory destruction. Ensure that LDS liquidity is always within a reasonable range and protect the basic rights of LDS holders
3. New trading ecology
The combination of a new community-based trading platform and resonant trading will also bring new opportunities and developments to the trading platform, and the continued ecological profitability of the trading platform will also provide the driving force for LDS's community development. The strong profitability of the trading platform will continue to help LDS ecological development. At the same time, we will continue to explore new development directions and opportunities, and constantly improve the LDS ecological construction. Bring more LDS development bonuses to community users
LTC fund pool allocation and use
30% of the pool will be used as a pool of team operations and development funds. The remaining 70% will be used as a pool for community promotion funds, and will be rewarded to users through community promotion and rewards. The distribution and distribution of relevant rewards will be publicized and accepted by the community. . The specific use arrangements are as follows:
1. Initial development, after the resonance is completed, release 30% of the funds pool as development funds for subsequent LDS development and operation.
2. Resonance is completed, releasing 20% of the community promotion fund pool for the distribution of resonance ranking rewards
3. 2% of the community promotion fund pool will be used to invite rewards to expand the LDS community
4. 30% of the resonance community promotion funds will be used to stabilize the secondary market price, market value maintenance and management, and ensure the long-term growth effect of LDS prices.
5. On-line light node mining, and more than 1000 miners settled, releasing 10% of the community promotion fund pool
6. Open ExPos mining and release 10% of the community promotion fund pool.
7. The number of community-held addresses and platform holders reached 200,000, and 10% of the community promotion funds pool was released.
8. Open the open platform for resonance financing, release the community promotion fund pool 8%
9. Ecological Development Fund, 10% of the community promotion funds pool is reserved for the subsequent development of LDS ecosystem
Resonance ranking reward
In order to encourage the resonance participants to actively promote the expansion of the community, 20% of the resonance funds of the community promotion fund pool will be used to reward users participating in the resonance.
Resonance ranking: refers to the individual participating in the resonance amount ranking, the top ten users will receive the personal resonance ranking reward. The specific distribution ratio is: first place 8%, second place 5%, third place 2.5%, fourth place 1.5%, fifth place to tenth place each 0.5%. Calculated as follows:
Personal resonance ranking reward amount = community promotion fund pool * personal ranking corresponding reward ratio
For example: User A, ranking first, the current total amount of funds for community promotion funds pool is 100000 LTC, then the reward for personal resonance ranking is: 100000*8%=8000 LTC
Resonance invitation reward
In order to encourage users to expand the LDS ecological construction, users can invite friends to participate in resonance, and 2% of the funds in the community promotion fund pool will be used to reward the inviters to expand the LDS ecological construction. The specific rules are as follows:
1. The invitee needs to fill in the invitation code when registering BitCola
2. The invitee can be counted in the invitation resonance amount after successfully participating in the resonance.
3. The reward will be weighted and evenly distributed according to the amount of resonance of the user inviter. The more the inviting person resonates, the more rewards the inviter can receive.
4. Afterwards, we will open the relevant page of the inviter details, and the user can view the reciprocal amount of the invitee. The distribution of relevant fund awards will also be issued uniformly after the end of the resonance.
LDS development route
1. The first stage, market warming up
May 13, 2019 to May 16, 2019
Recruiting the founding owners, media cooperation, LDS community building and related information announcement. A total of 100 people were recruited to create a world leader, and 100 cooperative media will jointly promote and promote the work.
2. The second stage, turn on resonance
May 16, 2019 to June 16, 2019
The official opening of the resonance will start a one-month resonant transaction. During this time, community outreach efforts will be synchronized with resonance. Further expand the community and market. After reaching the resonant soft top, the recharge and withdrawal of the LDS will be opened.
3. The third stage, community reward distribution
June 16, 2019 to July 17, 2019
After the resonance is completed, the ranking reward distribution will be performed according to the resonance ranking. At the same time, the second phase of community promotion will be launched.
4. The fourth stage
Node mining, ExPos mining. According to the ecological development of the community, the mechanism of open node mining and ExPos mining will be selected to further promote the ecological development of LDS.
The development of the blockchain industry is changing rapidly. In order to cope with market changes and future industry development, the platform will retain the right to modify the development route of the LDS project. The platform has the right to make appropriate adjustments to the existing development routes to ensure the community rights and community health development. . We will publicize the release and distribution of the fund pool to ensure the basic rights and interests of the community. The LDS tokens used in the LDS ecological development process will also be released regularly.
The blockchain industry is still in the early stage of exploration and development, and there are high risks in the digital currency field, which has greater volatility than traditional assets. Users are familiar with the basic knowledge and risks of digital currency when investing. BitCola will also continue to explore and provide users with more quality projects and encryption assets. Thank you for your support and trust.
May 17, 2019