The latest BISS UP project, Artfinity, is scheduled to be launched on Sep. 27, 2019 (HKT). The token name will be abbreviated as AT.
Artfinity is leading blockchain-based ecosystem focusing on seeking the sources of standardized assets, security monitoring and trading. By recording the entire process of asset creation from asset creators or trustees to the circulation of successive holders on the blockchain, Artfinity makes use of industry alliance or IoT technologies to collect information and carry out verifications, and then project these information onto the chain after the right to asset is ascertained. Artfinity combines the features of decentralization and tamper-proof of blockchain has built a system which enables on-chain transactions of standardized assets, property right verification and traceability. The system aims to eliminate the problem of fraud and insufficient liquidity in the standardized asset market.
Token Issuance and Distribution
Token name: Artfinity (AT);
Total supply: 1,000,000,000;
Official team: 200,000,000;
Private sale: 200,000,000;
Total Circulation Supply
117,682,667 (calculated on CMC 19.09.19)
Token Lock-up Rules
Team tokens will be unlocked for 36 consecutive months, with one thirty-sixth to be unlocked each month. Node tokens will be distributed on a monthly basis, among which half of them will be shared with super nodes and the other half will be shared with trustee nodes according to the percentage of their on-chain assets. Rewards will be delivered for 10 consecutive years, the amount decreasing year by year. As for foundation tokens, 100 million will used to build ecosystem partners, another 100 million for business operations and the rest 300 million used as community incentives, which will be released for 4 consecutive years.
Subscription schedule: 12:00, Sep. 27 - 15:00, Sep. 27 (HKT);
Settlement schedule: 15:00, Sep. 27 - 17:00, Sep. 27 (HKT);
Official trading starts: 17:00, Sep. 27 (HKT);
Buyback schedule: 12:00, Oct. 27 - 18:00, Oct. 27 (HKT).
Open Charge and withdraw time：12:00，Oct.8（HKT）
Non-membership: Subscription limit: 40 BISS, 1BISS=2.5AT, maximum is 100AT per user;
Membership owners: Subscription limit: 750 BISS*VIP level²; 1BISS=2.9AT (1AT approximately 0.043USDT);
V1 subscription limit: 750*1*1*2.9=2,175AT;
V2 subscription limit: 750*2*2*2.9=8,700AT;
V3 subscription limit: 750*3*3*2.9=19,575AT;
V4 subscription limit: 750*4*4*2.9=34,800AT;
V5 subscription limit: 750*5*5*2.9=54,375AT;
V6 subscription limit: 750*6*6*2.9=78,300AT;
V7 subscription limit: 750*7*7*2.9=106,575AT.
A total number of 8 million AT will be released in BISS UP. If the total subscription amount exceeds this number, the following formula will be applied: final number of AT a user gets = (number of AT the user has ordered/total number of AT all users have ordered) * 8 million AT.
AT official team will buy back AT tokens at the price of 0.0585USDT on 12:00, Oct. 27 - 18:00, Oct. 27 (HKT).
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.
Thank you for supporting BISS!
Official website: https://biss.com
Sep. 24, 2019