A New Way of Distributing Our AT Rewards
Our Special Thanks to AT Supporters
In appreciation of users’ support to ABCC and AT, we are going to allocate more benefits to our long-term supporters and AT holders!On Aug 1, 2018 (UTC-8), our upgraded rewards distribution scheme will officially take effect! We’ll shortly explain how it works in this article.
A gentle reminder: to safeguard the interest of current AT holders, we have set July 25 to July 31, 2018 (UTC+8)as a transition period. During this time, all remain the same- all users will receive rewards based on the current distribution scheme. However, users’ AT holdings during this period will affect their rewards from Aug 1, 2018 onwards.
So, how does our new scheme work? It may seem a little overwhelming at the beginning, but please rest assured, our priority is to secure our supporter higher rewards!Starting from Aug 1, 2018 (UTC+8), daily rewards will be distributed based on each account’s minimum AT balance within the past 7 days. For rewards calculation purposes, a snapshot of each account’s AT balance will be taken at 24:00 (UTC+8) every day, and the lowest AT balance within the past 7 days will be used to calculate rewards distribution for each account (NOTE: this calculation only applies to circulating AT, locked AT of the team and investors are not eligible for this new distribution scheme).Here’s a simple equation for you to calculate your rewards:
Account’s distribution reward = distribution reward pool for all users and the platform * (account’s minimum AT balance within past 7 days / all circulating AT eligible for rewards)
Still a little confused? Don’t worry, let’s look at an example.Assume the rewards to be distributed is $900k. Users hold 400k AT, the platform holds 200k AT, while the team and investors hold 300k AT.
Based on the current rewards distribution scheme:
Total rewards of users = $900k * 400k AT / (400k AT + 200k AT + 300k AT) = $400k
Total rewards of the platform: $200k
Total rewards of the team and investors: $300k
Cite a specific user as example: assume this user holds 1% of the total AT held by all users, i.e. 4k AT, the rewards are equal to $400k * 1% = $4,000;
Based on the new rewards distribution scheme:
If total rewards of users + total rewards of the platform = $900k*(400k AT + 200k AT) / (400k AT + 200k AT + 300k AT) = $600k
Rewards of the team and investors = $300k;
For a specific user, assume the minimum AT holding within the past 7 days is 4k AT, the cumulative minimum AT holding of all users and the platform in past 7 days is 300k AT, then the rewards of this user are equal to $600k * 4k AT / 300k AT = $8,000.
See the difference? That’s how our supporters will benefit from our new distribution scheme!
Still not very sure? Don’t worry! Join our Telegram group. Our friendly customer service will assist you in understanding this new scheme.You can also check official announcement on our website.Interested in our other campaigns and activities? Follow our Facebook and Twitter. And don’t forget to subscribe to our Medium page for our latest news!
