The First HCT buy back

Announcement: About the description of the HCT buyback & listing on DEX🏃‍♂️

🚀Dear Hero CAT Metaverse players,

First, we would like to thank all the community members who have been supporting the project. The development of the team is inseparable from the efforts of each member. The project team will start the HCT buyback activity and prepare for the HCT online decentralized exchange work. All the HCT buyback will be used as the initial liquidity pool of the decentralized exchange with 0.2 USDT as a trading pair. At the same time, the Hero Cat HCT withdrawal function will open after listing, and players can freely trade HCT on the DEX.

💰Rules of HCT buyback:

  1. Price of buyback: 0.2USDT / HCT

  2. The total amount of HCT buyback = 20% of the snapshot of the market HCT circulation at the time when the buyback is opened.

  3. The number of buybacks per community member = (snapshot of the total amount of HCT buybacks/snapshot of public hashrate ) multiplies by the snapshot of hashrate of community members

  4. Opening time: 22th October, 24:00 (EST)

  5. Time of duration : 3 days

📝Important notes:

  1. This buyback activity lasts for three days. If this buyback does not complete 20% of the HCT snapshot circulation, then the buyback automatically opens a second buyback activity of the remaining HCT shares at the end of this buyback. (Total amount of second HCT buybacks = Total amount of HCT buybacks - total amount of first HCT buybacks). The amount of buyback can recalculate each player’s shares, and shares can be calculated and obtained according to the snapshot at the second buyback. According to the above, suppose the second buyback activity also does not complete the HCT snapshot circulation of 20% buyback. In that case, it will repeat after the total amount of buyback reaches 20% of the HCT snapshot circulation.

For example, the total amount of buybacks is 1,000,000 HCT, and the total amount of buybacks in 3 days is 500,000 HCT, then the total amount of the second buyback = (1,000,000 - 500,000=500,000 )

  1. After starting the first buyback activity, new registers cannot participate in this buyback activity after this time (If the first buyback does not complete 20% of the HCT snapshot circulation. After the start of the second buyback activity, new registers can participate in the second buyback activity. After starting the second buyback time, new registers cannot participate in this buyback activity, and so on).

📷Description of snapshot:

  1. Snapshot of total HCT buyback = 20% of the market HCT circulation at 24:00EST on October 22 locked time

  2. Snapshot of public hashrate = Total hashrate of mining pets in the whole server at the locked time of October 22, 24:00 (EST)

  3. Snapshot of the community members' hashrate = The hashrate of the mining pets at the locked time of October 22, 24:00 (EST) HCT buyback:https://www.herocat.io/buyback

HERO CAT GAMEFI

22-10-2021

Last updated