HUNT Token Listing Announcement, Trading Competitions with about $25,000 worth of Prizes

in steemhunt •  11 days ago

daybit-hunt-listing.jpg

We are thrilled to announce that HUNT token will be listed in Daybit exchange on April 15th, 2019, at 12:50 pm (KST). There will be HUNT and BTC prized trading competitions for this listing event - 1) Top HUNT traders with 1,000,000 HUNT prizes (worth $20,000) and 2) Top trading profit makers with $4,850 worth of BTC prizes.

HUNT Token Listing in Daybit

HUNT token will be listed for the first time in Daybit from April 15th, 2019, at 12:50 pm (KST). Please see the details of the listing:

  • Trading pair: BTC
  • Listing price: 0.02 USD value at the listing time (based on CoinMarketCap conversion ratio)
  • Wallet opening: April 15th, 2019, at 12:50:00 (KST)

The first 10 minutes will allow only the buying orders, and then all orders will be released. Please check out the detailed time schedules of the day in relation to buying/selling orders.

  • Listing time: April 15th, 2019, at 12:50 (KST)
  • Buying order only: 12:50:00 - 12:59:59 (KST)
  • All orders available: after 13:00 (KST)

The lower limit will be set at -10% of the initial price for the first 24 hours.

Please check out the official announcement by Daybit for more details - https://support.daybit.com/en/support/solutions/articles/36000133745--event-steemhunt-listing-on-btc-market.

Top HUNT Traders Competition - 1 Million HUNT Prizes ($20,000 worth)

There will be two rounds of competitions for the top traders who trade the biggest amount of HUNT tokens during the dates as below:

  • Competition target market: HUNT/BTC
  • 1st Round: April 15th, 2019, at 12:50:00 (KST) - April 21st, 2019, at 23:59:59 (KST)
  • 2nd Round: April 22nd, 2019, at 00:00:00 (KST) - April 28th, 2019, at 23:59:59 (KST)
  • 1R Winner announcement: April 22nd, 2019
  • 2R Winner announcement: April 29th, 2019
  • Prize token distribution: May 1st, 2019

Prizes will total 500,000 HUNT in each round. The top 30 traders whose sum of buying/selling HUNT tokens is the highest will be the winners with the prizes distributed as below:

  • 1st place: 200,000 HUNT
  • 2nd place: 80,000 HUNT
  • 3rd place: 50,000 HUNT
  • 4th place: 35,000 HUNT
  • 5th place: 30,000 HUNT
  • 6th place: 25,000 HUNT
  • 7th place: 20,000 HUNT
  • 8th place: 15,000 HUNT
  • 9th place: 10,000 HUNT
  • 10th place: 5,000 HUNT
  • 11th - 20th place: 2,000 HUNT each
  • 21st - 30th place: 1,000 HUNT each

You will be allowed to participate in both competitions. Please check out the official announcement by Daybit for more details - https://support.daybit.com/en/support/solutions/articles/36000133579--event-hunt-listing-event.

Top Trading Profit Makers - $4,850 worth of BTC Prizes

daybit-trading.jpg

There will be an additional trading competition targeting the HUNT and DAY token traders who make the highest profits from their trades during the period as below:

  • Competition target market: HUNT/BTC, DAY/BTC
  • Period: April 15th, 2019, at 12:50:00 (KST) - April 21st, 2019, at 23:59:59 (KST)
  • Winner announcement: April 22nd, 2019
  • Prize token distribution: April 24th, 2019
  • Participation criteria: You must have a balance of at least 0.2 BTC worth of BTC, DAY, or HUNT in your wallet in Daybit.
  • Profit rate calculations: Rate of increases from initial asset value (including additional deposit and event rewards during the period) to the final asset value.

The top 50 traders whose trading profits are the highest will be the winners of the following prizes:

  • 1st place: $1,480 worth of BTC
  • 2nd place: $740 worth of BTC
  • 3rd place: $370 worth of BTC
  • 4th - 10th place: $185 worth of BTC each
  • 11th - 50th place: $25 worth of BTC each

Please check out the official announcement by Daybit for more details - https://support.daybit.com/en/support/solutions/articles/36000133827--event-day-hunt-trading-competition.

Steemhunt Wallet Revision

As you know, the HUNT bounties are granted based on the hunter’s user score, and the user score is calculated as below:

User Score = HUNT Power Score (HPS) X Contribution Score (CS)

HPS indicates how much of a stake in the HUNT token you have compared to other users at this moment (please read this announcement to learn more about the user score metrics).

Screenshot 2019-04-12 10.56.18.png

The HSP will be calculated from the total HUNT token balance in your HUNT wallet (https://steemhunt.com/wallet), and it has two separate wallets as below:

  1. Steemhunt Wallet - This is the off-chain wallet in your wallet section where Steemhunt keeps distributing the HUNT ecosystem bounties for your contribution.
  2. External Wallet - This is an Ether wallet that you can connect to your HUNT wallet in order to 1) transfer the tokens from off-chain wallet to your on-chain wallet, and 2) stake more HUNT tokens to increase your user score.

The new Steemhunt wallet is live now, so please check out at your wallet tab - https://steemhunt.com/wallet.

Lock-up and daily max limit to protect token value

We think maintaining the IEO price at the lowest level is the MOST important at this moment in order to protect the HUNT token value, and we strongly believe that this will enhance your return on investment.

Since the bounty holders have a variety of reference price points, we think that their trades should not overlap too much with that of the IEO investors during the initial price set up stage. So we’ve decided to run a lock-up policy on the Steemhunt wallet as below:

  1. From April 12, 2019 all HUNT balances collected previously will have a 13 week lock-up period with a daily vesting release. In other words, you will be able to get 1/91 transfer-ready tokens of your total balance every day at 20:00 (KST). For example, if you have 91,000 HUNT on April 12, 2019, 1,000 HUNT will be unlocked each day at 8pm (KST).
  2. There is a daily max withdrawal limit - 10,000 HUNT per day (this will be revised later based on the market price changes).
  3. This lock-up period is only for the HUNT tokens that users have collected before April 12, 2019 (there won't be any lock-up period for the HUNT tokens that users collect after this time).

...

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big news! congrats guys! excited for the HUNT future!

congrats on the listing ! looking forward in using that DAYBIT AI Trade to see how far it will go

Goodluck to Traders!

Posted using Partiko Android

About the wallet...
If I keep my tokens on the off chain wallet, would they be taken into consideration when determine the user score?

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Yes, you can connect your external ETH wallet, and the balance their will be considered together as the HPS (Hunt Power Score).

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Thanks :)

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Yes all tokens in your off-chain + connected ETH wallet is considered for the user score.

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Thanks

Congrats @steemhunt! <3

testing, and it's succeed :)

the fee per withdraw is 10 HUNT token right @tabris? so arround $0.20?

Its not showing the logo yet, i dont know why

Yay! congratulation! Gonna try on the DAYBIT AI to trade.

Wow, this is wonderful news. I got the daybit listing mail this morning and it was a good stuff to start my day with. But i have a question also, will the steemhunt still have access to our steemhunt wallets? I think a decentralized steemhunt wallet would encourage users to leave their tokens in the on-chain steemhunt wallet.

All together, the lock up is a nice tactics to preserve token value and maintain liquidity when trading starts.

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Thanks much always your big support :)

  1. Right now the Steemhunt wallet (so called off-chain wallet) is held by us and we send the tokens to the user's wallet when they request to withdraw. This is because we are still under the token distribution stage (SMT is not out yet).
  2. This is why we encourage you to connect your Ether wallet. You can withdraw tokens to the wallet or vice versa, you can purchase more tokens from exchanges and transfer them to the connected Ether wallet. Your user score will consider both the off-chain and connected Ether wallet together to calculate your HPS.

This is amazing steemhunt team truly truly spectacular!

Posted using Partiko iOS

Great development!! And I liked lock up strategy. Thus Hunt token value keep saved by

Does this mean that we can now move our HUNT tokens into a hardware wallet supporting ERC-20 tokens? Would it impact our HSP if we do so?

Great progress and evolution!

Posted using Partiko iOS

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yeah, via metamask, and that supports hardware wallets and i'm pretty sure hardware wallets support all erc-20 tokens right? as in custom ones? -- not sure about the HSP question thou... sorry.

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Thanks! Just saw your video as I made the question!

Posted using Partiko iOS

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no worries. hope some of it helped, lots more to come as this unfolds of course! :)

Very very big and happy news to all. Future of hunt tokens looks bright. Thanks for sharing this great news.

Sweet I saw the Metamask option was enabled and came here wondering why some of my coins unlocked :D

Lets get this straight. All the people who worked hard on your platform, diligently collecting tokens are having them locked into a scheme that only allows them to withdraw 1/91 st of the total amount per day, and only to a maximum of 10,000 per day.....but anyone who simply bought them in the last few weeks, this rule does not apply?
Is this correct?

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It is not uncommon for early investors/adopters to be under "hold" periods that differ from those who buy on the open market.

This is to prevent those people from cashing out on the frenzy essentially creating a pump and dump.

IPOs also have a hold period for the early investors to prevent them from dumping at any level (which will is a profit) hence screwing the ones who bought it.

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As we addressed in the post, the most important mission for ALL token holders at this moment is to protect the IEO price point until we are ready to launch Reviewhunt and further large exchange listing. If we fail that price point, all the upcoming milestones will have huge risk, which will end up all token holders get damaged together.

IEO participants has a low limit reference price point which is appox 0.02 usd per HUNT. But the bounty holders have a variety of different price point. If these are mixing together too much in the initial stage, the beginning price will be in danger.

The maximum limit may be revised when the market momentum is changed. We think this is highly necessary set up for all the HUNT holders to protect their value.

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@ nathen007

As we worked hard to earn these hunt tokens, so we are happy with the 91-day lockup strategy. Steemhunt is not a pump and dump scheme but a decent project with bright future.

... but anyone who simply bought them in the last few weeks, this rule does not apply

Everyone is free to buy the tokens and trade on exchange.

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We're protecting the value in the beginning not only because we want to protect our investors, but also our genuine users who share our vision. On the other hand, we don't need to protect people who just want to dump all their tokens straight away.

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Why shouldn't all the people here who worked hard to amass tokens sell them straight away? They earned them fairly and squarely and are the people who got you into the position you're happily in today.
So many small users were hoping their hard work came to fruition and you have locked up their tokens.
I think its a bit of a shit trick to be honest. If you want open markets, let the market be open. This is manipulation!

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It also protects them.

Much more even. Most IEO participants will be looking for gains and place higher sell orders.

How would all those bounty participants feel if on Monday everyone — including those who just claimed their 1:1SP Airdrop but never participate to Steemhunt — just dumps all their HUNT and there’s no market demand for it because no resistance levels yet.

The token value will crash, the psychology in a market driven by massive down pressure will cause a bearish channel and recovery may take months.

At the same time, those active on the platform and who worked hard for it may prefer to keep a majority of their HUNT because it plays a big role in their user level (and thus also how much STU and HUNT they may earn). They will definitely appreciate it when the token doesn’t just drop to 1/5 because everyone could dump and did dump.

Is this disappointing? Maybe. Is this sensible? Yes, for everyone involved. And if markets support the daily limit may even be lifted. In 91 days, 87 after listing, it is all over and no restrictions.

That’s only when IEO participants get their bonuses. They also have to wait 90 days for those.

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What about the manipulation of the largest holders of HUNT tokens, the founders, for example, dumping their tokens immediately as soon as they go on sale and cashing out? What do you think that does to those buying the tokens? They would be part of a pump and dump scheme then.

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The founders have 2 years vesting. This time is not your usual ICO team. No offense to all honest ICO teams, I just have seen too many teams without vesting terms.

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Its a possibilty, but at the end of the day, the rank and file Steemians who earned their tokens over a long period of time should be given the same opportunity to trade them if they desire as the people who boght theirs last week.
You dont think these 'investors' won't be dumping their holdings if the token price increases? That is also pump and dump and the result is that the token earners miss out when the dump happens and the price drops.
As I said, it should be their chance to take, and not be excluded by last minute rule changes by @steemhunt

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Sometimes decisions need to be made for the best of the business. That is not to benefit the team, that is to protect everyone.

Often, the behavior displayed on Steem can also be a deterrent to attract more businesses. Have you noticed how often it is a “can’t win” attitude which is always displayed?

This is what currently happened and you complain about: dApp decides to protect the token value. User decides it’s manipulation and it’s better if everyone can just earn less because system favors total dump even before market creation. ¯\_(ツ)_/¯

Last minute rule change? The “rank and file” benefit most from it because most don’t even know the need to first create markets.

You understand that those who bought them last week(s) and their activity will be are market making, right? Without them... no demand for a token and thus the rank and file could dump all they want for zero market.

Of course, you would have been right if so far nobody had earned on Steemhunt, but that isn’t true. Everyone already earned STU too.

All those tokens, even the community member roles like mods, are airdrop tokens. If Steemhunt had decided airdrop tokens will be available only after 90 days, because “bonus tokens” then that would also have been a fair system.

The “rank and file” needs to start using its brain slightly more often rather than being an entitled own goal scorer. A deterrent to new businesses joining due to its attitude.

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The problem is that investors are not going to invest if there suddenly millions of tokens are dumped on the market. That would affect Steemhunts ability to trade in the future and every other Steem based token that follows.

Yes buyers will sell once they see the price go up...that is why they are buying in. Steemhunt has a responsibility (as do all token project) to protect the price of the token and leave the platform open for liquidity.

Again put yourself on the other side. You decide you like the Hunt project and buy in when the tokens go live. It is 2 cents but then, suddenly, another 150M worth of tokens show up on the sell board because the founders and other large holders decide to immediately cash out. How would you react seeing that the insiders were just profiteering off the backs of newer buyers? I am sure you would accuse them of manipulation and running a con (which would not be totally inaccurate).

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We're not interested in an open market, our best interest and goal is our project's succeed. If a user who takes our lock up strategy in that way, we don't need them to stay in our community.

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If a user who takes our lock up strategy in that way, we don't need them to stay in our community.

I'm sure they wouldn't want to stay too! Sadly they can't leave though...not with their tokens anyway.....

Quality reply!! lol...your community? and seriously, feeding this news in at the bottom of a long article with no mention of it in the headline of joyous giveaways....sneaky, no?

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@nathen007 if you want to know about the sh community for agree or not agree with the team decision you must ask for each others here.. I've some Friends who's here almost in their start join steemit and almost of us agree and feel comfort with team decision cz we know the value of the platform and the community not just for rewards and also we believe the team is doing this to maintain the value of tokens as well as the value of the platform being qualified not from users who only want to get tokens and discard to destroy the platform. I've join in many platform in EOS and almost platform doing like this for maintain their token and their platform.

Posted using Partiko Android

Congratulations team and steemhunt community

Congrats :) Really glad to hear this news, and will look into the competitions.

Thats a really Good news that we have added a new feature,thank you so much.@steemhunt

Awesome updates! Congrats

Feeling awesome 😉

Posted using Partiko Android

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🔄 @steemhunt , Will we ever be able to trade our hunt tokens directly and easily for steem!? or will it be difficult and a pain in the ass like everything else that has to do with crypto!