Hello, this is DAYBIT Team. 

 

We are announcing improvement of DAY reward program to increase liquidity, to enrich order book on each market, and to reflect the current situation with large trade volume majorly based on Reward program. The updates are divided into two (2) parts.

 

Please refer to the details on the improvements below, so you can fully understand the updates.

 

1. DAY Reward Ratio

[Purpose of Improvement]

We would like to mitigate the biased concentration of transaction, which was mainly caused by excessive fluctuation of the DAY Reward ratio each round. 

 

[Improvement Detail]

DAY Reward ratio of the next round would be determined so that the average cost of getting 1 DAY token is not less than the market value of the DAY / BTC market.

(Fee cost for participating DAY Reward Program >= Market Price of DAY token)

 

[Applied Period]

The updated policy is applied from 2018-10-29 (Monday) 17:00:00 UTC +9

 


2. Stop to carry over unoffered DAY tokens

[Purpose of Improvement]

We would like to mitigate the biased concentration of transaction, which was mainly caused by excessive fluctuation of the DAY Reward pool.

 

[Improvement Detail]

  1. Unoffered DAY tokens in a round are not carried over to the next round.
    (The updated policy is applied from 2018-10-29 (Monday) 17:00:00 UTC +9)

  2. DAY tokens that are not offered in a round will not be carried over to the next round, so the total amount of DAY tokens offered to users each day is variable. 

  3. DAYBIT will unlock the same amount of DAY tokens which are given to users daily by DAY Reward without unlocking 960000 DAY token fixedly.

    (The updated policy is applied from 2018-10-29 (Monday) 14:00:00 UTC +9)

  


In the near future, DAYBIT will expand the utility of DAY tokens by developing DAY token-based functions. Moreover, we will keep striving to improve DAY Reward Program.  

 

We sincerely appreciate your interest and support.

 

Thank you.

DAYBIT Team.