Dear users,
HBTC is excited to announce the listing of FIL3 (Filecoin's 3-Month Futures). Trading of FIL3/USDT pair will start at 20:00, 24 July 2020, Singapore Time (UTC+8). (please refer to the details of FIL3 at the end of this announcement).
To celebrate the listing of FIL3, HBTC will launch an event HODL HBC and Get 50% Off FIL3 Subscription” at 20:00, 22 July 2020, Singapore Time (UTC+8) in two separate phases, details as follows:
HODL HBC and Get 50% Off FIL3 Subscription
Phase 1
1. Mode of Payment: USDT
2. Eligibility:
a. Verified KYC Level 2;
b. Holding at least 10 HBC (subject to the HBC balance in the user’s wallet, including the locked position from HBC Captain's scheme (assets under frozen category will be excluded)
3. Subscription rules
a. Subscription Period: 20:00, 22 July 2020 - 21:00, 22 July 2020, Singapore Time (UTC+8)
b. Total quota for Phase 1: 30,000 FIL3
c. Limit on subscription per user: 1-10 FIL3
d. Subscription price: 1 FIL3 = 8 USDT
Phase 2
1. Mode of Payment: USDT
2. Eligibility:
a. Verified KYC Level 2;
b. Holding at least 1000 HBC (subject to the HBC balance in user’s wallet, including the locked position from HBC Captains (assets under frozen category will be excluded)
3. Subscription rules
a. Subscription Period: 12:00, 23 July 2020 - 12:00, 24 July 2020, Singapore Time (UTC+8)
b. Total quota for Phase 2: 70,000 FIL3
c. Limit on subscription per user: 70,000 FIL3 (Quota will be assigned to each subscriber based on the amount of USDT pledged. (maximum limit of 6000 USDT))
d. Subscription price: 1 FIL3 = 8 USDT
HBTC reserves the right to final interpretation of this event.
Token Swap of FIL3 to FIL
FIL3 is a 3-month Futures of Filecoin. HBTC will conduct a token swap of FIL3 to FIL at a ratio of 1:1, three months after the launch of Filecoin Mainnet.
About FileCoin
Filecoin is the incentive of IPFS which uses the token incentive model of the blockchain to build a decentralized storage network. The symbol of the Filecoin token is FIL. Filecoin aims to build a storage system and retrieval services market by Filecoin incentive model. With storage and retrieval services, miners can obtain the FIL tokens paid by users.
What is IPFS
The Interplanetary File System (IPFS) is a protocol and peer-to-peer network for storing and sharing data in a distributed file system. IPFS uses content-addressing to uniquely identify each file in a global namespace connecting all computing devices. IPFS allows users to not only receive but host content, in a similar manner to BitTorrent, as opposed to a centrally located server. IPFS is built around a decentralized system of user-operators who hold a portion of the overall data, creating a resilient system of file storage and sharing.
Filecoin Website: https://Filecoin.io/
Risk Disclaimer
Digital assets are electronic investment products with high volatility. We encourage our users to make rational judgement on your investment and to invest carefully. Please seek advise from your professional investment advisor.
HBTC
17 July 2020