Recently, the OceanEx exchange platform announced the sale of tokens Jur (JUR) will soon be rolled out on OceanEx GO. The event will start on August 28, 2019 (UTC + 8). Includes 2 sessions – OCE Special and VET Special for users to participate.
This is also the first sale opening of this exchange, promising to bring investment opportunities for retail investors, let’s CHK Go into learn about JUR as well as information of this sale. If you do not have an account, please register to support BTA: https://CHK.com/go/oceanex
What is Jur?
Jur is a blockchain ecosystem developed on VeChainThor Blockchain, providing revolutionary trust solutions in the legal and judicial industry for any business related case. Please refer to https://oceanex.pro/en/go/jur If you want more information of the project.
Information of the JUR token sale
- Token name: JUR
- Token Sale Hard Cap: 2,000,000 USD
- Total token supply: 1,000,000,000 JUR
- OceanEx GO! Allocation: 100,000,000 JUR (10% of total token supply)
- Registration token: OCE or VET
- Public Sale token price: 1 JUR = 0.02 USD (price in OCE and VET will be determined 72 hours before the sale)
- Token Sale Method: Weighted Average
- JUR will be released on VeChainThor Blockchain
- Token sale period: 18: 00–22: 00, August 28, 2019 (UTC + 8). OCE Special and VET Special will open at the same time.
- During the token sale, participants can register for JUR tokens through OCE or VET with their maximum token subscription amount. The tokens used for registration will be locked and deducted from your balance during the lockout period.
- Distribution of new tokens: OceanEx will distribute new tokens and return the remainder of OCE or VET to participants’ accounts by 10:00, August 29, 2019 (UTC + 8).
1. OCE Special
- Token available for OCE Special: 20,000,000 JUR
- The OCE Special Session is open to OCE Club Members only (reference Membership Info. Center for more information)
- OCE Club Membership Benefits: Members will be given access to the OCE Special session with different subscription amounts and maximum discounts according to their membership level. (See table below)
2. VET Special
- Token available for VET Special: 80,000,000 JUR
- The VET Special session is open to all KYC users.
- Special Bonus: If you are a VeChainThor X Node Holder or OCE Club member, you will be given a higher maximum token registration amount and a discount based on X Node type and Club membership level. (See table below)
Token Sale allocation calculation rule
Token allocation during OCE and VET sessions will be reviewed and calculated differently.
– If the token sale is oversubscribed:
- Project tokens received = (total number of tokens available for the current session) x (the amount of your new token registration) / (total amount of new token registration during the current session)
- Investment cost = project token received x (token price in VET or OCE) x (1 – any discount applied)
- Refunds = total amount registered on your VET or OCE – investment cost
The available tokens for the VET Special session is 80,000,000 JUR, if the total number of subscriptions from all users is 160,000,000 JUR, your subscription is 10,000 JUR, your discount is 5%, the token price is 1 JUR = 100 VET (OCE):
(1) The project token you receive = 80,000,000 x 10,000 / 160,000,000 = 5,000 JUR
(2) Your Investment Cost = 5,000 x 100 x (1–5%) = 475,000 VET (OCE)
(3) Your Cashback = 10,000 x 100–475,000 = 525,000 VET (OCE)
– In all other cases your token subscription amount will be fully distributed. You will be reimbursed the rest of the VET (OCE) if any discount opportunities are offered to you.
Note: Every account can submit new token applications up to 10 times per session. For each session, the total number of subscriptions from each account cannot exceed the account’s maximum token subscription amount for that session.
Benefits for OCE Club Members and Holder X Node VeChainThor
- The maximum number of sign-ups and token discounts vary by membership level and X Node VeChainThor.
- If the total amount of your token registration in VET or OCE is X, your price discount is 5%, then your refund (VET or OCE) will be added with an extra amount of X * 5% as token sale distribution calculation rules.
- Your OCE Club membership level will be recorded the FIRST TIME you signed up for the Project Token Subscription (including OCE Special and VET Special) and it will be used for the 2-session subscription benefits.
- Your VeChainThor Type X Node will be recorded the FIRST TIME you sign up for a Project Token in VET Special and it will be used for VET Special subscription benefits.
Remind: Users need to complete KYC and accept the IEO Sale Agreement before entering into 2 sessions.
* Risk warning:
- All projects are selected by OceanEx GO! are blockchain start-up projects, meaning there are future application and sustainability uncertainties, so make your decision after conducting a thorough research and review.
- The final project token you get depends on the amount of your subscription and the total amount registered by many other participants. If you unsuccessfully register OCE or VET, the money will be refunded to your account. You also need to know that OCE or VET will be affected by price movements during the event, please pay attention to the risks.
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