lnncoin will launch an ICP discount program from April 28, 2021, to May 6, 2021 (UTC), and users can purchase ICP tokens at a discounted price.
DFINITY specializes in blockchain-based cloud computing and support the development of the Internet Computer, and aims to reduce the costs of cloud services by creating a decentralized "internet computer".
Lock Time：08:00, April 28 - 8:00, May 6(UTC+8)
Exchange Time: 08:00, May 6 - 8:00 ，May 11(UTC+8)
Purchase Token: ICP
Total Shares: 5000 ICP
Discount Price: 70 BAC = 1 ICP
Users can get tickets with numbers and colors through lock-in LNN, and the lucky tickets will be drawn randomly from all tickets at the end of the campaign.The winner who holds the lucky tickets will be eligible for purchasing ICP at a discounted price.
According to the level from low to high, the tickets will be divided into three types: White(normal), Green(junior), and Blue(senior), and each level corresponds to a kind of bonus pool. The winners of every level will share the shares of the corresponding Bonus Pool equally.
The details are as follows:
Provided that there were 5000 white tickets, 200 green tickets, and 50 blue tickets eventually, there would be 750 white lucky tickets, 60 green lucky tickets, and 25 blue lucky tickets. every White winner can get a 1.3333(1000 / 750) ICP shares per ticket, every Green winner can get 25(1500 / 60) ICP shares per ticket, and every Blue winner can get 100(2500 / 25) ICP shares per ticket.
At 8: 00 a.m. on May 6th,2021(UTC+8)， lnncoin will announce the list of the winners and open "Exchange", and unlock all locked LNN tokens at the same time.
Lnncoin will issue ICP tokens to the user account, and deduct the corresponding amount of BAC to purchase ICP tokens and unlock LNN at the same time.
1. During the campaign, users can lock LNN to obtain tickets repeatedly;
2. Users can get a white ticket by locking a specified number of LNN within an allotted date, as shown in the following：
3. If each time the tickets obtained is greater than or equal to 100, an additional green ticket will be obtained;
4. If each time the tickets obtained is greater than or equal to 1000, an additional green ticket will be obtained;
5. During the campaign, users can use white tickets to synthesize green tickets, and green tickets to synthesize blue tickets. It will cost 0.02USDT for each synthesis. The success rate and failure loss are as follows:
For example, synthesizing a green ticket:
6. the blue and green ticket can be dismantled, 1 blue ticket can be disassembled into 8 green tickets, and 1 green ticket can be dismantled into 8 white tickets. It will cost 0.02USDT for each dismantling;
During the exchange period, please ensure that there are enough BAC tokens for subscription in your account;
If the user's BAC balance is not enough to exchange all the shares, the system will automatically calculate and exchange the shares of the available part;
The shares of the lucky tickets must be exchanged within the validity period (before 8:00 on May 11, 2021), otherwise they will automatically become invalid；
Tickets synthesis has a certain chance of failure, which will cause tickets loss;
Lnncoin reserves the right to the final explanation of any activity or activity rules.
Risk warning: Digital assets are a new type of investment product with large price fluctuations. Please judge your investment capacity rationally and make decisions prudently; Lnncoin will not be responsible for any losses caused by your investment behavior.
Thanks for your support and attention.
April 25, 2021