BISS UP will soon launch its new premium program,ULM (UltraLink Machine System), on Sep.12, 2019. The token name will be abbreviated as ULMT.
The full name of ULM is UltraLink Machine System, a project led and developed by ULM, a technological innovation-focused investment company and a global leader in internet, internet of things, mobile internet cloud platform and big data analysis.ULM fund has accumulated rich experience in the industry of Internet of Things and other related industries.ULM boasts multiple successful application cases, including a shared printing brand incubated by ULM, which is ranked No.1 in the shared printing market share and produces over 90% of products and devices for the market. In addition,ULM has 23 independently-developed patents and 114 computer software copyrights, making ULM a benchmark in the industry of IoT. In the future,ULM will continue to commit itself to becoming the leading infrastructure supplier for the tokenization of IoT assets. Meanwhile,ULM will seek to provide protocol transfer support for various IoT public blockchains, building successful blockchain use cases in the field of IoT.
Token Issuance and Circulation
Total circulating supply: 1 billion
ULMT will release about 275 million tokens during the first launch, after which there will be 2-N times of releases for private placement (2 or more times of releases for all the remaining 725 million tokens). The number of tokens released since the second launch will be determined by the amount of assets which have been newly tokenized (the number of ULMT tokens to be released will be determined by the value of collateralized physical assets). All the unreleased tokens until now and in the future will be constantly locked-up and be publicized.
275 million tokens will be released for the first launch, among which:
Institutional investment: 200 million
Private placement: 30 million
BISS UP: 40 million
Community rewards and airdrops: 2 million
Position holding placement: 3 million
Subscription schedule: 12:00, Sep.12 – 20:00, Sep. 12 (HKT)
Settlement schedule: 20:00, Sep. 12 – 22:00, Sep. 12 (HKT)
Open trading starts: 22:00, Sep. 12 (HKT)
Non-membership: subscription limit: 50BISS; 1BISS=20ULMT, maximum is 1,000ULMT per user;
Membership owners: subscription limit: 500BISS*VIP level; 1BISS=30ULMT;
- V1 subscription limit: 500*1*30=15,000ULMT;
- V2 subscription limit: 500*2*30=30,000ULMT;
- V3 subscription limit: 500*3*30=45,000ULMT;
- V4 subscription limit: 500*4*30=60,000ULMT;
- V5 subscription limit: 500*5*30=75,000ULMT;
- V6 subscription limit: 500*6*30=90,000ULMT;
- V7 subscription limit: 500*7*30=105,000ULMT;
BISS UP will release a total number of 40 million ULMT. If subscription amount exceeds that number, the following formula will be applied: final ULMT amount a user gets=(ULMT amount ordered by the user/ULMT amount ordered by all users)*40m ULMT
Explanation for subscription multipliers of VIP members
As stated in our announcement BISS Membership 2.0 Rules Officially Launched, the original VIP subscription multiplier for each level is 1, 1.5, 2, 3, 5, 7 and 10.
However, since there is only a limited number of VIP6 and VIP7 users at present and we’d like VIP2, VIP3 and VIP4 users to enjoy more subscription rights, we’ve decided to change the original subscription multipliers to 1, 2, 3, 4, 5, 6 and 7 during the ULMT subscription.
After the subscription multipliers have changed, VIP1 and VIP5 users will not be affected in terms of their subscription rights while VIP2, VIP3 and VIP4 users will be able to enjoy more subscription rights.
Trading digital assets involves high risks and may incur losses of part of or all your assets. Please be cautious before making any investment decisions by taking into full consideration your experience in digital asset trading and your risk preference. The content of this announcement and any other information provided by BISS exchange do not constitute any investment advice and BISS will not cover any losses directly or indirectly incurred by the information we provide. BISS bears no responsibility to sponsor or compensate for any trading behaviors.
- BISS reserves the right of final interpretation for all the aforementioned rules.
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