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News

Tibnioc contest

Created 08.05.2019 08:47
Dear clients, TIB (Tibnioc) developers welcome everybody to participate in a contest with valuable awards. The contest starts on May, 13, 2019

The traders will get their awards in the form of TIB coins paid into their accounts at Livecoin exchange. Equal prizes will be awarded to top-50 traders with the largest TIB balances at LIvecoin exchange accounts. The prizes will be determined depending on the buy-out price of tokens sell wall, offered at the contest start.

The contest is organized into 3 stages, each stage has its own terms; to proceed to a next stage of the contest, the previous stage should be completed, otherwise the contest closes at an unfinished stage.

Stage 1: Soft Cap. Duration - 3 days. This stage is held from 10 a.m. 13.05.2019 till 10 a.m. 16.05.19, UTC. At this stage the traders are required to buy out a sell wall of 10,000,000 tokens for 0.00000015 BTC each.

In case the first wall wouldn't be bought out within 3 days, the contest closes at that piont, the top-50 traders with the largest TIB amounts at LIvecoin exchange accounts get equal shares of the total 100,000 tokens. The tokens amounts will be fixed at 10 a.m. 16.05.19, UTC.

If the the first wall is successfully bought out, the contest proceeds to the 2d stage.

Stage 2: Hard Cap. Duration - 5 days. From 10 a.m. 16.05.2019 till 10 a.m. 21.05.19, UTC. The traders should buy out a sell wall of 10,000,000 tokens for 0.00000020 BTC each.

In case the second wall wouldn't be bought out within 5 days, the contest closes, and top-50 traders with the largest TIB amounts at LIvecoin exchange accounts get equal shares of the total 1,000,000 tokens. The tokens amounts will be fixed at 10 a.m. 21.05.19, UTC.

If the second wall is bought out, the contest goes to the 3d stage.

Stage 3: Trader Cap. Duration - 7 days. From 10 a.m. 21.05.2019 till 10 a.m. 28.05.19, UTC. The traders should buy out a sell wall of 10,000,000 tokens for 0.00000025 BTC each. If that wall wouldn't be bought out within 7 days, the contest closes, the top-50 traders with the largest TIB amounts at LIvecoin exchange accounts get equal shares of the total 5,000,000 tokens + equal shares of the total profit of the third wall sales.

If the third wall is sold out, the top-50 traders with the largest TIB amounts at LIvecoin exchange accounts get equal shares of the total 10,000,000 tokens + equal shares of the total profit of the third wall sales.

The tokens amounts will be fixed at 10 a.m. 28.05.19, UTC.
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