Dear Hoo users,
Hoo is launching IFT token sale at 14:00 on August 3. Detailed rules are as follows:
Rules:
Amount: 500,000 USDT
Mode: Super Invest, buy one IFT, get one TIFT for free
Reference price: 0.0032 USDT
Time: 14:00 to 18:00 on August 3, 2020 (UTC+8) (4 hours)
Accepted coin: USDT (wallet account)
Minimum invest: 100 USDT
Maximum invest: 1600 USDT
Vesting Time: August 3 - October 3
Gain Rate: 15%
Requirements: Complete KYC, VIP 2 or above.
Listing arrangements:
IFT deposit: 14:00 on August 3
IFT/USDT and TIFT/USDT trading pairs will be enabled at 20:00 on August 3
What's TIFT?
TIFT adopts a brand-new Gain Right model. TIFT will not be distributed to the investors once and for all, but will be vested daily during the Gain Right vesting period.
vesting amount each day = 1/ gain right vesting period *100%
TIFT can be circulated on the secondary market and will never be burnt. On October 3 vesting day, IFT official promises that the market bid price will be 1 IFT+1 TIFT ≥ 0.00368USDT (Benchmark Price * 115%)
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 tokens will be returned to their account.
For example, the target amount is 300 USDT, and user A and user B participate with 200 USDT and 400 USDT respectively. At the end of the Super Invest, user A will receive a token share of 200 /（200+400）=1/3, that is, 100 USDT. It will return user A exceeds the quota by 100 USDT.
Attention:
- IFT tokens will be distributed to the user's balance once the subscription is closed. TIFT tokens will be unlocked in equal proportions at 1.64% per day within the exercise period. On the day the subscription ends, users will need to go to the Hoo gain rights page to claim the released 1.64% TIFT, and 1.64% will be released daily thereafter.
- Users have to check TIFT on the Hoo Option page of PC or APP: Discover > Hoo Option to claim the TIFT tokens daily, users can claim the TIFT tokens released from 8:00AM to 8:00PM the next day. If the TIFT is not claimed on that day, the user is regarded as giving up the tokens.
- We will take snapshots of the participating user's IFT position from 23:00 - 24:00 daily. Only when the user's IFT position is greater than or equal to the original total IFT fundraising amount, they can enjoy unlocking volume of TIFT; if the participating user's IFT position is less than that till the snapshot is finished, the users' remaining unlocked TIFT option tokens will be invalidated and Hoo will not unlock any more.
- The 115% gains on the buy one price committed by the IFT official during the gain right of release period will be maintained until October 3 at 18:00 (UTC+8), and users have to claim TIFT within the time limit.
Introductions:
The IF team takes the wallet, the hub of the tokens economy, as the entry point, and is committed to combining blockchain and the Internet of Things (IoTFactor) to realize an IoTFactor system, enabling the payment, interaction and collaboration of the Internet of Things to penetrate every aspect of life based on blockchain. IF is IoTFactor is a set of protocols and tools to connect the information flow of the blockchain to the various participants of the Internet of Things, thus realizing the structure of interoperability and collaboration among people, devices and AI programs.
Total supply: 2,100,000,000 IFT
Official website: https://www.ifwallet.com/
Hoo Team
August 3, 2020
