In order to keep the stability of DFT’s price, we will make several adjustments to the distribution rules for holding DFT.
The adjustments show as follow:
- For the snapshot rules of DFT balance in user’s account, instead of taking one snapshot at 23:59:59 every day, 24 snapshots will be taken every day at every sharp hour separately. The average of the number of DFT valid for distribution shows in 24 snapshots will be the number of user’s valid holding DFT for distribution daily.
- The number of DFT valid for distribution = The total number of DFT user possesses – the number of DFT invalid for distribution.
- The definition of DFT invalid for distribution: The DFT frozen because of opening sell orders (If there are multiple sell orders within an hour, the number of DFT frozen equals to the largest amount of DFT involved among all sell orders).
If user A has 2400 DFTs in total, and he opens a sell order of 2400 DFT in the first hour. All 2400 DFTs are sold in the second hour. The user buys back 2400 DFTs at the last hour of the day.
Following the old rule, the number of DFT valid for daily distribution equals to:
(The number of DFT when snapshot is taken at 23:59:59) 2400 / (the times snapshot is taken) 1
With the new rule, the number of DFT valid for daily distribution equals to:
[(valid DFT at 1:00:00) 0 + (valid DFT at 2:00:00) 0 + (valid DFT at 3:00:00) 0 + …… + (valid DFT at 23:00:00) 0 + (valid DFT at 24:00:00) 2400] / (the times snapshots are taken) 24
If this user never sells any DFT nor opens any DFT sell order, the number of DFT valid for daily distribution equals to:
[(valid DFT at 1:00:00) 2400 + (valid DFT at 2:00:00) 2400 + …… + (valid DFT at 23:00:00) 2400 + (valid DFT at 24:00:00) 2400] / (the times snapshots are taken) 24
The adjustments above were made on 15th July, 2018
The adjustments above came into effect on 16th July, 2018
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