What is Power Up?When a blockchain company issues a token, Hoo Power requires them to issue an option token at the same time (Adding a letter "T" in front of the coin ticker). 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 has to hold one token and plus 1 option token (e.g. 1 BTC + 1 TBTC).
ZVC (ZV Chain) & Its Refund and Mining Right Token TZVCHoo Exchange will be an exclusive supporter to ZV Chain Genesis Miners Plan and will be one of the “ZV Chain Genesis Super Nodes”. Users who participated in the ZVC Genesis Miners Plan via Hoo Power will be able to gain the most stable and efficient mining rewards. Besides, according to the ZVC official rules, users can refund 70% of their investment when the Genesis Miners Plan is over.
Rules:Total Value: 2,700,000 USDT, about 9,000,000 ZVC
Mode: First come, first served. Buy 1 ZVC, get 1 TZVC for free
Benchmark Price: 0.3 USDT
Time: 14:00 Sept 17, 2019 - 14:00 Sept 27, 2019 (UTC+8)
Coin: USDT (OMNI) Wallet Account
Minimun Fund: 200 USDT
Qualification: Hoo users who have completed their KYC
Exercise Time: The mining earnings will be sent to investors on a daily basis starting September 30
Important Times Points on September 30:
14:00 - ZVC deposit
20:00 - ZVC/USDT & TZVC/USDT trading
20:00 - ZCV withdrawal
Refund right will be exercise in 9 month when the fundraising closes. Please stay tuned to out announcement.
ZVC Reward Details: the ZVC gained by the investors will be used for the genesis mining directly. “Assets Center” of the users will keep an record on the amount of ZVC gained during the fundraise. The ZVC gained via mining will be sent to the users on a daily basis according to the rules.
ZVC Mining Output Starting Date: Sept. 30, 2019
TZVC Issue Date: Sept. 30, 2019
Explanation to the Rights:Mining Right: The ZVC token gained through Hoo Power fundraise are seen as the mining right, which will all be used for the ZVC Genesis Miners Plan.
Refund Right: The TZVC token gained through Hoo Power fundraise are seen as the refund right, which will be exercised when the Genesis Miners Plan is over.
Details of the Two Rights:Mining Right: Users will participate in the 9-month Genesis Mining Plan after they obtained the mining right. The estimated monthly output would be 19% to 27%, and the 9-month output would be 175% to 250%. Investors will receive the tradable ZVC every day as their mining rewards.
Refund Right: Users can exercise their refund right in 9 month when the Genesis Miners Plan is over. 70% of the fundraising will be refunded to them if they hold ZVC and TZVC tokens, which means that they will receive 0.21 USDT for each 1 ZVC + 1 TZVC. Only those who participated the fundraise on Hoo Power are qualified to exercise their refund right. The exercise amount should be in accordance with the fundraising amount.
Example:
A user invested 300 USDT for 1000 ZVC. But he will not receive ZVC directly but will receive 1000 TXVC. In the 9 months after that, he will receive 1750 to 2500 ZVC as a mining reward ( 5% of the mining output will be deducted as a maintenance fee). The ZVC rewards are generated everyday which might be fluctuated based on the mining situation. He can get 210 USDT in 9 month with 1000 ZVC + 1000 TZVC.
Notice:Hoo will provide professional technology support and maintenance management after becoming one of the genesis super nodes of ZV Chain, insuring a more stable and efficient mining output. Hoo will allocate 5% of the mining output for maintenance at the same time.
Risk Alert: 1. Different from the past Hoo Power projects, investors of the ZVC Genesis Plan will not receive 100% of the tokens the first time. They will be granted with the mining right instead. Please read the rules throughly before participating.
2. Only those who participated the fundraise on Hoo Power are qualified to exercise their refund right. The exercise amount should be in accordance with the fundraising amount.
3. ZVC tokens that are not raised via Hoo Power are not qualified to enjoy the mining right.
4. TZVC token will be invalid and burned when the Genesis Miners Plan ends.
5. Digital currency investment is risky. Please evaluate your assets condition before participating and refer to ZVC official’s notification and explanation.
6. The rules related to ZVC are made by ZVC official, according to whom Hoo might make slight adjustments.
See more:
https://hoo.com/powers/zvc
