Dear Valued TideBit user,
TideBit Connect will be launched tonight at 21:00, we believe TideBit Connect will provide you with the most convenient way to access the opportunities to purchase the tokenized project with high potential growth. TideBit Connect will gather top-notch projects from around the world and introduce them to our users.
TideBit Connect will launch its first project TideBit Token (TBT) at 6 May, 2019.
1.Introduction to TideBit Token (TBT)
TideBit is a digital assets trading platform backed by blockchain technology, which focuses on linking up the token to life. TideBit believes our concept “Consumer-Investor Token” will bring significant changes to the digital assets industry. TideBit aims to become the world’s first “Consumer-Investor Token” trading platform, a new feature to go live before July. TideBit Token (TBT) is a token that circulates on the TideBit platform.
2.TideBit Token (TBT) Project Overview
(1) Token Symbol: TBT
(2) Total Supply: 200,000,000
Cornerstone Round Price: 1 TBT=1.05 HKX，
Connect First Round Sale Amount: 1,000,000 HKX
Connect First Round Price: 1 TBT= 1.1 HKX
Total 5 rounds (to be determined)
3.TideBit Token (TBT) Sale Rules
(a) Start at May 6 (GMT+8) 21:00 until May 14 (GMT+8) 18:59.
(b) Users can place orders using HKD、USD、BTC、ETH.
（HKD will be converted to HKX with 1:1, USD will be converted to HKX with 1:7.8, BTC and ETH will be converted to HKX with the current price of TideBit trading pairs BTC/HKD and ETH/HKD.）
(c) Users can place orders from 6 May（GMT+8） 21:00 until 14 May（GMT+8） 18:59. Order placed by qualified users during this period will be treated equally.
(d) We will collect all the qualified orders and distribute the tokens according to the individual purchased orders: total purchased orders ratio. The distribution calculation rules are as follow:
If the total purchase amount is less than the total sales amount of HKX 1,000,000, each person will be fully allocated.
If the total purchase amount exceeds the total sales amount of HKX 1,000,000, it will be distributed equally according to the purchase amount.
TBT supply limit is HKX 1,000,000 (actual payment amount in HKX). The ordered TBT is HKX 3,000,000. Thus: HKX1,000,000 / 3,000,000 ＝33.33%。
If userX oredred HKX 30,000, he will receive: 30,000 x 33.33%=HKX10,000 (9,090.9 TBT). The system will return the HKX20,000 unsuccessfully purchased asset to his TideBit account.
- 3. Choose the currency you use: HKD/USD/BTC/ETH.
- 4. Input the amount of currency you use.
- 5. Click to agree the note.
- 6. Click to submit the order.
- The start-up project is still in its initial stage, factors including the operation and underlying technology of the project, and other related regulatory activities might contribute significant risks.
- Advanced technical and financial knowledge is required to understand and uate the inherent risks of crypto-asset investment.
- The volatility of market is high, and the price of token might fluctuate drastically due to technical, regulatory and marketing factors etc.
- Users may not be able to withdraw all the purchased tokens due to technical issues of the project or TideBit.
May 6, 2019
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