Dear CCFOXer：
CCFOX will exclusively launch an innovative DeFi product, CCFOX Finance (CFI), with new concepts, new models, and new experiences to help users participate in the DeFi Liquidity Mining. CCFOX will initially provide five million USDT equivalent blockchain assets for the DeFi Liquidity Mining, generating stable income with a low threshold, Staking USDT to obtain three benefits:
- Easy to participate: Sharing high mining profits. CCFOX greatly simplifies the process for retail investors to participate in the DeFi mining and reduce the cost for users to participate.
- One-click to stake: In order to facilitate the DeFi Liquidity Mining process, CCFOX will reserve a share of the platform token “FOX” specifically to motivate CFI participants.
- "Free Margin" ordering: Users who participate in the CFI project can exchange USDT margin with a 1:1 ratio for CCFOX contract trading to better manage to yield farm staking while being able to trade at the same time.
Project Specification
|
Lock-up project |
Period |
Min amount for a single user |
Max amount for a single user |
Total amount |
|
CFI |
30 days |
100 CFI |
50,000 CFI |
5 million CFI |
The minimum amount for the participation of each user is 100USDT, and the maximum limit is 50,000USDT. The first phase funding of the CFI liquidity mining project is five million USDT.
Staking Rules
|
CFI/USDT |
1:1 |
Staking one CFI to obtain one USDT margin.
Introduce to CCFOX Platform Token FOX
1.Description
The FOX is a platform ecosystem token issued by CCFOX Exchange based on the Etherum network, after FOX has been circulated, token holders will enjoy trading fee discounts on the CCFOX platform, priority to subscribe for other innovative products such as DeFi Mining, sharing dividends, airdrops, and many other features on CCFOX.
|
Total Supply |
1 billion |
|
Initial circulation (through CFI product) |
10 million |
|
Initial Price |
0.1USDT |
2. How to get FOX Token
To facilitate the DeFi Liquidity Mining process, CCFOX will offer 1% of FOX shares to CFI participants. 20% is generated by H2P (Hold to Play), which means users could share the rewards by subscribing to CFI products through Defi activity. The remaining 80% is generated by "trade mining". Locked-up CFI can stake CCFOX USDT margin with a 1:1 ratio. Margin can be used for contract trading.
3.Rewarding Mechanism
The rewards for liquidity mining will eventually be converted to USDT. The amount of the rewards will vary depending on the actual profit of the liquidity pool, CFI will automatically be redeemed at the expiration of the lock period. Users willing to unlock the CFI in advance can sell it directly on the secondary market during the lock period.
4.Note
- The "CCFOX Finance Product (CFI)" is our first liquidity mining product; many more products will launch once we have gauged the performance and success of CFI.
- CCFOX's announcements and other information is given shall not constitute investment advice and CCFOX shall not be liable for any direct or indirect losses. CCFOX shall not undertake any liability for the user's subjective behavior. (such as lock-up or trading).
CCFOX
11th Sep 2020