<N-Hub Virtual Synthetic Asset Investment Policy Improvement Announcement>. "Everything you want. Do it All.
29 Apr 2022, 05:11
<N-Hub Virtual Synthetic Asset Investment Policy Improvement Announcement>
"Everything you want? Do it All!"
A new world in which everything enjoyable becomes profitable!
Hello. This is NvirWorld.
N-Hub Virtual Investment open beta service for the users’ better familiarity and system update will be run until 01:00 May 2 (Mon) (GMT) and Virtual Synthetic Asset Investment service will be officially open in the afternoon on May 2 (Mon). (Opening time will be separately announced)
Triple rewards for the users who participated in Virtual Synthetic Asset Investment during the open beta service period will be given between May 2 (Mon) and May 3 (Tue).
NVIR collateralized during the open beta service period will be restored to each user’s N-Hub wallet and USDW will be reset.
Please refer to Virtual Synthetic Asset Investment policy renewed as below for more user-friendly official service, which will be implemented in the afternoon on May 2 (Mon).
1. Triple Rewards policy
1) Basic rewards (given in NVIR) : will be given to all users who collateralize NVIR and swap USDW
※ Given in proportion to the collateralized NVIR Tokens.
2) Earnings rate rewards (given in NVIR) : will be given to top 50% users in terms of earnings rate after swapping USDW and making at least 1 trading in Virtual Investment
※ Given in proportion to the collateralized NVIR Tokens.
3) Trading rewards (given in ETH) : will be given to users in proportions to their Virtual Investment trading volume (the total sum of trading amount)
※ Basic rewards, earnings rate rewards, trading rewards consists triple rewards system and are given after each VI cycle is over (No lock-up period)
※ USDW amount will not be reset when the official service opens, but earnings rate will be reset every cycle, and you will be eligible for the earnings rate rewards if you make it within the top 50% in earnings rate in each cycle.
※ Rewards eligibility for the open beta service period will be based on the snapshot at 00:00 May 2 (Mon) (GMT).
2. Virtual Synthetic Asset Investment (VI) EXIT Policy
When your Target Redeem Point in Virtual Investment is below 50% for more than 2 months, the EXIT request button will show up. When you click the EXIT request button, NVIR you collateralized will be given back to you after 3-month lock-up period.
※ Additional EXIT events will be held irregularly.
(e.g. When a user who has participated in the VI longer than certain period of time wishes to EXIT)
※ As forced liquidation was removed, the amount of NVIR collateralized will not decreased even though the amount of your USDW decreases because of loss in investment, and will rather increase through the NVIR rewards in each cycle.
3. Calculation method of users in a tie in earnings rates in Virtual Investment
① A User with the more USDW will be ranked higher
② When two users hold the same amount of USDW, they’ll be calculated as a tie
4. Stay Pending Roll-up Frequency Change from 4 times a day to 1 time a day
After the end of the VI open beta service and from the beginning of the official service, in order to reduce the gas fee burden on the users, Stay Pending roll-up, which was previously 4 times a day, will be executed once a day at 15:00 (GMT).
※ Withdrawal is possible once a day after the Stay Pending roll up at 15:00
※ When there is no change in your balance, you can withdraw immediately.
※ The operation policy of N-Hub may change depending on the circumstances of NvirWorld.
NvirWorld promises to create the digital economy ecosystem that truly co-exists with users through the user-oriented NEW P2E Investment Platform N-Hub.
Thank you.