Dear all ABIT users:
We are glad to announce that ABIT.com will arrange the official IEO (Initial Exchange Offering) of SIT (SitKoin) from Singapore time Mar 5, 2020.
- IEO Application Opening：17:00, Mar 5, 2020 (Singapore Time)
- IEO Application Closing： 17:00, Mar 10, 2020 (Singapore Time)
- IEO Supply Volume: 50,000 SIT
- Volume Per Lot: 10 SIT/Lot
- IEO Price: 8 USDT/Lot
- Maximum Purchase Limit Per Account: 200 Lot
- The IEO of SIT is USDT-based. All participants should have enough USDT balance in their ABIT account.
- After the submission of the purchase, corresponding USDT amount will be frozen from the USDT balance of user's ABIT account until the final results are released and distribution are fulfilled.
- The final completed transactions for each account is subject to the total number of participants and total purchase volume.
- When results released, the USDT cost for any completed transactions will be deducted from user's account automatically, while the remaining amount will be released.
- All IEO participants have to complete the KYC verification of ABIT.com
- ABIT.com reserves all rights of explanation for this IEO.
SitKoin is first Hyper–Deflational token to serve as utility token . SIT has a 5% burn rate and a 200 million supply. whenever a transaction happens on the blockchain 5% 0f the sitkoin is burned and cannot be restored, also a fixed supply of SitKoin ios mined in genesis and no new coins can be printed, This automatically increases the value of existing Sitkoin whenever a transaction happens on the block chain.
Risk Warning: Digital assets are innovative investment products with great prices fluctuation. Please make a rational judgment on your investment ability and make investment decisions cautiously. We wish you a pleasant deal.