Announcement on the upcoming official ABC Lucky Draw – ABIT

Dear all ABIT users,

We are delighted to announce that the official ABC Lucky Draw will be started from later this month. ABC Lucky Draw will be the only official channel for all users to earn the official platform token of ABIT Exchange—— ABIT Token, also known as AB. Here are the details:

Introduction：

ABIT Token (AB) is the official platform token of ABIT Exchange. It is also the main prize for the ABC lucky draw.
ABCash（ABC） is the lucky draw ticket. Each ABC standard for one opportunity to participate in the lucky draw. By applying for the lucky draw with 1 ABC, the participant will get 1 ticket number. There is no upper limit for one single account’s ticket volume. ABC is distributed by every ABIT super node and is only used for the ABC lucky draw on ABIT.
We will organize 4 phases of ABC lucky draw. Each phase will have 4 rounds of lottery. Each round of lottery will randomly decide which tickets can win the lottery. There is no upper limit for the number of winning tickets of one single account.
If a ticket has won a round of the lottery, it will not be selected in other rounds.
By winning different rounds of lottery, participants can earn substantial bonus of AB or even USDT. Non-winning participants can still receive AB at a fixed exchange rate in the end.

Prize Pool of ABC Lucky Draw：

The prize pool of 4 phases of ABC lucky draw are indicated as follows：

Phase 1: 10,000 ABC in total (available tickets)

Round 1：To randomly select 1,000 tickets. Each ticket wins 5,000 AB
Round 2：To randomly select 200 tickets. Each ticket wins 10,000 AB
Round 3：To randomly select 20 tickets. Each ticket wins 100,000 AB + 1,000 USDT
Round 4：To randomly select 1 ticket. Each ticket wins 1,000,000 AB + 10,000 USDT
Non-winning tickets will be automatically exchanged：1,000 AB per ticket

Phase 2: 10,000 ABC in total (available tickets)

Round 1：To randomly select 1,000 tickets. Each ticket wins 5,000 AB
Round 2：To randomly select 200 tickets. Each ticket wins 10,000 AB
Round 3：To randomly select 20 tickets. Each ticket wins 100,000 AB + 1,000 USDT
Round 4：To randomly select 1 ticket. Each ticket wins 1,000,000 AB + 10,000 USDT
Non-winning tickets will be automatically exchanged：1,000 AB per ticket

Phase 3: 20,000 ABC in total (available tickets)

Round 1：To randomly select 6,000 tickets. Each ticket wins 2,000 AB
Round 2：To randomly select 100 tickets. Each ticket wins 10,000 AB
Round 3：To randomly select 10 tickets. Each ticket wins 100,000 AB + 1,000 USDT
Round 4：To randomly select 1 ticket. Each ticket wins 1,000,000 AB + 10,000 USDT
Non-winning tickets will be automatically exchanged：1,000 AB per ticket

Phase 4: 40,000 ABC in total (available tickets)

Round 1：To randomly select 8,000 tickets. Each ticket wins 2,000 AB
Round 2：To randomly select 100 tickets. Each ticket wins 10,000 AB
Round 3：To randomly select 10 tickets. Each ticket wins 100,000 AB + 1,000 USDT
Round 4：To randomly select 1 ticket. Each ticket wins 1,000,000 AB + 10,000 USDT
Non-winning tickets will be automatically exchanged：1,000 AB per ticket

Unlock Plan (Same for all phases):

AB portion obtained by automatic exchange for non-winning tickets will be released 100% after the official listing of AB.
AB portion won by winning tickets will be applied a linear unlock schedule, with 1% released per day after the official listing of AB.

Schedule:

Warm-up Time: Relevant marketing materials and info are released to the market
Stating Time：When users can start using ABC to apply for the lucky draw tickets.
End Time：When ABC lucky draw application window will be closed.
Lottery Time：4 rounds of lottery will be randomly drew consequently and results of winning tickets will be published simultaneously.
Available tickets：Each phase of the ABC lucky draw will follow the same rules and prize standards. However, the number of available tickets for a new phase will always be greater than that of last round.
The next day to the end date of the Phase 4, AB will be officially listed on ABIT market to open trading for users.

Phase	Warm-up Time	Starting Time	End Time/Lottery Time	Available Tickets
Phase I	Apr 20, 2020	May 4, 2020	May 10, 2020	10,000 ABC
Phase II	May 1, 2020	May 11, 2020	May 14, 2020	10,000 ABC
Phase III	May 11, 2020	May 15, 2020	May 30, 2020	20,000 ABC
Phase IV	May 15, 2020	May 31, 2020	Jun 30, 2020	40,000 ABC

*The event adopts Singapore Time（GMT+8）

*Starting time and end time are both 13:00. Lottery time is 15:00

* ABIT reserves all the rights of the final explanation

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.

ABIT Offcial

2020.04.15

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