Answers to all the frequently asked questions
Our first token sale was sold out in barely one second. Overwhelming, it is. But we will not stop at this result. OK Jumpstart was built on a simple mission — helping quality projects connect to opportunities and a liquid market, and at the same time, fueling the growth of a robust digital asset ecosystem. To fulfill this mission, we believe there’s still a lot of work to be done.
Our first priority is to allow wider participation in our token sales. Thanks to the community feedback, we understand that the demand for participation is unusually high. We strive to include as many participants as we could. Hence, here comes an added second subscription session.
The second subscription session
In this session, there will be NO over-subscription limit, meaning that this session does NOT operate on a first-come, first-served mechanism.
The time limit for this session is 10 minutes. Within the time, all eligible users* are able to subscribe and are guaranteed to get an allotment. The allotment amount is based on the user’s average OKB holding amount. The more the OKB holding amount you have, the greater the allotment amount you will get.
*An eligible user must have over 500 OKB in his/her average OKB holding amount and past KYC level 1 verification or higher.
Enhanced calculation on Average OKB Holding Amount Period
We have simplified the rules on counting your Average OKB Holding Amount. Our system will simply take the average of your OKB holding amount to determine the allotment coefficient.
For example, if you held 1,000 OKB for the first 7 days, and 100 OKB for the following 8 days, your Average OKB Holding Amount will be 520 (allotment coefficient = 1).
Details of all the enhancements can be found in the below:
Enhancement of OK Jumpstart Token Sale Rules
Some Frequently Asked Questions
We understand that the community has a lot of questions regarding our token sale. While it takes time for us to answer them one by one, we hope the followings could help to clear the doubts.
How to participate in OK Jumpstart token sale?
OKB is the only accepted token. You must have a minimum of 500 OKB for your 15-day Average OKB Holding Amount for the 2nd round of the token sale (to be announced soon). For the 3rd round and onwards, you will need a minimum of 500 OKB for your 30-day Average OKB Holding Amount.
What is 15-day or 30-day Average OKB Holding Amount?
It is the average amount of OKB you hold in your Funding Account in the recent 15 days / 30 days prior to the token sale (including the token sale day).
How can I get more a larger allotment?
Your allotment amount is determined by your allotment coefficient.
In short, the more the Average OKB Holding Amount you have, the higher the allotment coefficient you will get, and the greater the allotment you will receive. A zero coefficient means that you’re not eligible for the token sale.
How do I know my Average OKB Holding Amount?
You can check your allotment coefficient and your average OKB Holding Amount at https://www.okex.com/activity/jumpstart.
When is the snapshot time?
The snapshot time is now set as random. It can happen at any time of the day.
Is the Token Sale first come, first served?
There will be two sessions in each token sale. Yes for the first subscription session. No for the second subscription session.
First Session: there is an over-subscription limit, which will be announced prior to every token sale. Once the limit is reached (or the time runs out), this session will end.
Second Session: there is NO total subscription cap. Any successful subscription will be guaranteed an allotment, which the amount is based on the allotment coefficient.
Can I participate in both subscription sessions?
Sure! As long as you’re eligible for the token sale, you can participate in both the first and the second subscription session.
Is the token sale automatic?
NO. You will have to enter your desired subscription amount during the token sale.
Can I use the OKEx mobile app to subscribe to the token sale?
Yes! But for the best experience, we recommend you to use a desktop computer with a good internet connection to participate in the token sale.
Risk Warning: Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
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