Total Value: 500,000 USDT
Mode: Super Invest. Buy 1 BUT, get 1 TBUT for free
Benchmark Price: 0.001627USDT
Time: 14:00 Oct. 10 – 14:00 Oct. 11, 2019 (UTC+8)
Coin: USDT in Wallet Account
Minimum Fund: 100 USDT
Maximum Fund: 2,000 USDT
Qualification: Hoo users who have completed their KYC; VIP 2 or above
Exercise Time: Nov. 11
Gain Rate: 12%
Important Times Points on Oct. 11:
- 18:00 — BTU deposit
- 18:00 —BTU /USDT & TBTU /USDT trading
- 18:00 —BTU withdrawal
What is TBUT?
TBTU is a 30-day gain right token. In 30 days (on November 11) when the fundraising closes, users can exercise their gain right by holding both BTU & TBTU. With 1 BTU and 1 TBTU, they are able to receive 112% of the benchmark price in USDT, i.e. .001822 USDT. The exercise time lasts only for one day on November 11, after which TBUT will become invalid and delisted from Hoo Exchange.
What is Super Invest?
Different from common fundraising rules, Super Invest ends when the time is due, rather than when reaches the target amount. Users are still able to participate when exceeded the target. When the fundraising closes, users get their shares based on a certain percentage and the extra coins will be returned to their account.
What is Gain Right?
When a blockchain company issues a token, Hoo Power requires them to issue an option token at the same time. The option stipulates that the user holding the token can return it to the project at a certain price in the future. It will be circulated in the trading market at the same time. When the user exercises the right in the future, he can hold one token and plus 1 option token to exercise the right.
Introduction to BTU
BITSOU TOKEN is a decentralized digital asset based on blockchain issued by Bitsou (blockchain data service provider) and Beacon APP (online learning system with social attributes), referred to as "BTU".
Oct. 8, 2019