The IOTX Lock-up & Earn for 90 Days will be launched on Gate.io HODL & Earn at UTC 4:00 March 28, 2020. The total amount of IOTX to be locked is 30,000,000. Web Users can purchase via (App users use HODL&Earn) https://www.gate.io/hodl/41
Introduction to IOTX
Founded as an open-source project in 2017, IoTeX is building the world's leading auto-scalable and privacy-centric blockchain platform for the Internet of Things (IoT). The total supply of IOTX is 10 billion.
IOTX Lock-up & Earn (90 Days) Purchase Rules
The purchase rules are as follows:
1) The token to be locked is IOTX, user will also receive interests in IOTX. The annual interest rate is 25%. The total amount of IOTX to be locked is 30,000,000.
2) The purchase time starts at UTC 4:00 March 28, 2020. Users purchase at a first come first serve basis.
3) During the first 10 minutes of the purchase, users need to be VIP 3 and above to participate. The purchase limit will be calculated based on users' GT holdings.
Below is the requirements for GT holdings:
4) After the first 10 minutes of the purchase, there are no VIP or GT holding requirements for participants. However, please note that the product might be sold out within the first 10 minutes.
5) The interests will be distributed to users when the lock-up period ends.
Attention: Once purchased, the principle will be locked immediately and will only be returned with the interest when the lock-up period finishes. The funds are not able to be withdrawn during the lock-up period. Losses incurred due to market volatility shall be borne by users. Please be aware of the market risks and use this feature with caution.