Total Supply: 50,000,000 TCKB
Mode: First come, first served
Benchmark Price: 0.001 USDT
Time: 16:00 Nov. 16 - 18:00 Nov. 16 (UTC+8)
Accepted Coin: USDT (wallet account)
Minimum Investment: 100 USDT
Maximum Investment: 500 USDT
Exercise Date: Dec. 16
Right Nature: Insurance Right
Qualification: KYC completed; VIP1 or above
Listing Arrangement: TCKB/USDT trading pair will be enabled at 19:00 on Nov. 16
What is TCKB?
TCKB is a 30-day Insurance Right token which is tradable. Users who hold TCKB will be able to exercise their insurance right in 30 days on Dec. 16. With 1 CKB + 1 TCKB, they will receive 0.01 USDT, i.e., the public sale price of CKB. The exercise date lasts only for one day on Dec. 16, after which TCKB will become invalid and delisted from Hoo Exchange.
What is Insurance Right?
Insurance Right is another assets right digitization initiative of Hoo after Refund Right, Mining Right and Gain Right. The object of the Insurance Right is the market price of the token. It is agreed that the Insurance Right guarantees that users who hold the token can return the token to the platform or the project at an agreed price in the future. The insurance right token will be circulated in the trading market. Users who hold both the token and its insurance token are qualified to exerise the right.
Introduction to Nervos
The Nervos Network is network protocol standard started and maintained by Nervos Foundation. It is an open source public blockchain ecosystem and collection of protocols solving the biggest challenges facing blockchains like Bitcoin and Ethereum today.
The Nervos CKB (Common Knowledge Base) is the layer 1, proof of work public blockchain protocol of the Nervos Network. It allows any crypto-asset to be stored with the security, immutability and permissionless nature of Bitcoin while enabling smart contracts, layer 2 scaling and captures the total network value through its "store of value" crypto-economic design and native token, the CKByte.
Nov. 16, 2019