Jubi will launch HPR Repurchase of November at 15:00 (UTC+8) in Nov 20th, 2020. Unlike many relatively passive and opaque repurchase mechanisms on the market, Jubi will adopt a new HRP premium repurchase model, conducting monthly premium repurchase at current HRP (abbreviation of Highest Reached Price) price to drive token value appreciation. The detail repurchase plan is as follows:
1.Repurchase Fund Scale
Jubi will use 50% of the trading fee every month for repurchase.
We will adopt exclusive HRP scheme for repurchase.
HRP can be defined as follows:
Repurchase Price Computation: Repurchase Price= Sell price 1 x Sell quantity 1 + Sell price 2 x Sell quantity 2 + Sell price 3 x Sell quantity 3 +…+ Sell price n (HRP) x Sell quantity n.
Statistics are made at the end of each month, using the order data in three days (Oct 25th, Oct 27th, Oct 31st) with least fluctuations of the week as sample and monthly trading fee to calculate the highest reachable price (HRP). The HRP price of Nov is 0.1220USDT.
Repurchase once a month.
Repurchase day in November: Nov 20th, 2020 (UTC+8).
We adopt HRP repurchase mode in both secondary market and OTC repurchase.The total trading fee of spot trading in Oct is 312,177.38 USDT. That is, 156,088.69 USDT, instead of the original market order, the repurchase will be executed by non-scheduled limit order. The other 25% of the trading fee will be used in OTC repurchase according to HRP.
Among them, 20,000 USDT will be provided for premium repo guarantee of 1,000 USDT (equivalent to 8197 JT) for JFI top 20 holders!
5.How to join the repurchase pool?
All JT holders can participate this repurchase. The number of JT for repurchase cannot exceed the average daily JT holdings 20 days before the user's application.
Users who participating in the repurchase pool should apply on the event page during the application period and lock the corresponding JT.
Repurchase time: Nov 20, 2020, 15:00-20:00 （UTC+8）
Payment Time: Nov 20, 2020, 21:00-23:00（UTC+8）
Definition: Contribution Weight
For the transaction fee weight W (V), deposit contribution W(D) and luck weighted W(L) from November 1 to November 20, Jubi will calculate the user's contribution through the comprehensive evaluation of the above three dimensions.
Calculation method of contribution W: contribution w = w (V) × w (D) × w (L);
The corresponding weight W (V) of cumulative transaction fee V (unit: USDT) from November 1 to November 20 is as follows:
*The cumulative transaction fee V is limited to currency transactions only.
Weight W (D) corresponding to cumulative net deposit D (unit: USDT) from November 1 to November 20:
Lucky weighted w (L): before November 20, all users selected as Koi will get twice lucky weighting.
Calculation method of JT number that users are ultimately repurchased by HRP: the ratio of individual application to total weighted application after weighted contribution Buy back money obtained by users: JT repurchase quantity finally allocated by users × repurchase price HRP.
The interpretation right of this activity belongs to Jubi.
Risk tips: Crypto currency is a high-risk investment method. Investors are advised to purchase carefully and pay attention to the investment risk. Jubi shall not be liable for guarantee and compensation for investment. Thank you for your support.