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The distribution of STEAMX coins to current SteamX holders (BSC) and introduce the rebate system for participants in the migration from BSC to the Rails Network. Please review the following information:
Distribution to Current SteamX Holders: A specific amount of STEAMX coins, determined by a ratio against the v2 SteamX tokens on BSC, will be minted and distributed to all current SteamX holders. This distribution will take place by utilizing a claims DApp, where users can connect their wallet and claim their allocated coins at a ratio of 550:1 from the BSC.
Rebate System: The rebate system is specifically designed to benefit investors who have paid fees on the BSC during the migration process. As a gesture of support, we are offering a refund of a portion of those fees through a tiered structure. Investors who have never sold or transferred tokens (Tier 1) can receive a 13% rebate, up to 25 million tokens. Those who have sold less than 25% of their holdings (Tier 2) are eligible for a 7% rebate, up to 12.5 million tokens. Participants who have sold between 25% and 50% of their holdings (Tier 3) can receive a 5% rebate, up to 5 million tokens. Certain exclusions apply, such as selling over 50% of holdings or attempting to manipulate the rebate terms. By adhering to the terms and conditions, investors can enjoy a partial refund of their BSC fees, providing valuable support during the migration process.
Terms and Conditions:
- 1.Rebate Eligibility: This rebate policy applies exclusively to investors participating in the migration from BSC to the Rails Network.
- 2.Tiered Rebate Structure: The rebates will be provided based on the following tier structure:
a) Tier 1 (Full Rebate):
- You have never sold or transferred tokens.
- 13% rebate at migration.
- Up to 25 million tokens.
b) Tier 2 (Partial Rebate):
- You have sold less than 25% of your holdings.
- 7% rebate at migration.
- Up to 12.5 million tokens.
c) Tier 3 (Partial Rebate):
- You have sold more than 25% but less than 50% of your holdings.
- 5% rebate at migration.
- Up to 5 million tokens.
d) Rebate Exclusions:
- You have sold more than 50% of your holdings.
- You have transferred significant amounts of tokens to mitigate rebate terms and conditions.
- 3.Multiple Wallet Participation: If you have already reached the maximum rebate threshold, you can still participate using a new wallet. By creating a new wallet and paying the 13% fee on the new wallet, you can join the migration and receive rebates according to the tier system mentioned above.
- 4.Disqualification for Mitigation: Any attempt to circumvent the terms and conditions by transferring tokens to a new wallet to take advantage of the rebate policy will result in disqualification of the new wallet from participating, rendering you ineligible for any rebate.
- 5.Financial Advice: Please note that this information is not financial advice. It is always recommended to consult with a financial advisor before making any investment decisions.
- 6.Modification or Cancellation: Steam Exchange reserves the right to modify or cancel the rebate policy at any time, without prior notice.
- 7.Agreement to Terms and Conditions: By participating in this rebate policy, you agree to abide by these terms and conditions.