In appreciation of our users’ support to ABCC and AT, we have decided to allocate more benefits to users who continuously support and hold AT. We will upgrade our rewards scheme on Aug 1, 2018 (UTC+8).
To safeguard the interest of current AT holders, we have set July 25 to July 31, 2018 (UTC+8) as a transition period. During this time, all users will receive rewards under the current rewards scheme. However, users’ AT holdings during this period will impact their rewards from Aug 1, 2018 onwards.
Our new rewards scheme:
Starting from Aug 1, 2018 (UTC+8), daily rewards will be calculated and distributed based on each account’s minimum AT balance within the past 7 days. For calculation purposes, a snapshot of each account’s AT balance will be taken at 24:00 (UTC+8) every day. The lowest AT balance within the past 7 days will be used for calculation. (Note, this calculation only applies to circulating AT).
To secure higher rewards for users holding AT, the rewards calculation and distribution for AT released to the ABCC team (20%) and investors (10%) but still under lockup will remain unchanged.
One’s rewards = rewards pool for all circulating AT * (one’s minimum AT balance within the past 7 days / the sum of minimum AT holdings across all users and the platform in the past 7 days)
* Kindly note that transaction fees generated from API trades do not contribute to AT Holding Rewards.
The daily rewards to be distributed is $900k. Users hold 400k AT, the platform holds 200k AT, while the team and investors hold 300k AT (under lockup).
1. Under the current rewards scheme:
Total rewards for users = $900k * 400k AT / (400k AT + 200k AT + 300k AT) = $400k
Total rewards for the platform: $200k
Total rewards for the team and investors: $300k
If a user holds 1% of the total AT held by all users, i.e. 4k AT, his / her rewards will be calculated as $400k * 1% = $4,000;
2. Under the new rewards scheme:
Rewards pool for all circulating AT = $900k * (400k AT + 200k AT) / (400k AT + 200k AT + 300k AT) = $600k
Rewards pool for the team and investors (under lockup) = $300k;
If one’s minimum AT holding within the past 7 days is 4k AT and the sum of minimum AT holdings across all users and the platform in the past 7 days is 300k AT, his / her rewards will be calculated as $600k * 4k AT / 300k AT = $8,000.
July 24, 2018