Dear XTers,
We are honored to announce that TFUEL(Theta Fuel) will be listed on XT.COM. TFUEL/USDT trading pair will be opened in Innovation Zone. Please take note of the following go-live schedule:
- Trading: 07:30 on March 2, 2022 (UTC)
The deposit and withdrawal of TFUEL have not been opened yet. Please stay tuned for further announcements.
Concurrently, XT.COM will hold a trading competition, trade to share $10,000 prize pool. Specific rules as follows:
Time Period: 07:30 March 2 — 07:30 March 17, 2022 (UTC)
Activity: Hit the Top 300, Win a Share of 10,000 USDT!
During the campaign period, the top 300 users with the highest TFUEL/USDT trading value (buys + sells) that reaches 1,000 USDT will share $10,000 in USDT!
The rewards will be distributed as follows:
|
Ranking |
Rewards |
|
Top 1 |
1000 USDT |
|
Top 2 |
600 USDT |
|
Top 3 |
300 USDT |
|
Top 4-10 |
100 USDT Each |
|
Top 11-50 |
80 USDT Each |
|
Top 51-100 |
60 USDT Each |
|
Top 101-300 |
6 USDT Each |
[Token TFUEL]
Theta Fuel (TFUEL) is the operational token (i.e., "gas") of the Theta protocol. It is used to complete transactions, such as deploying or interacting with smart contracts. If, for example, a relay node provides another party with a video stream it may earn TFUEL, which can subsequently be spent on the video platform for premium content, subscriptions, etc.
According to the Theta team, the average transaction fee could be as low as 10-6 TFUEL. The supply of TFUEL token is set at a protocol level and is initially targeted to have an annual inflation of 5%.
Next to relayers, Validator and Guardian nodes may also earn TFUEL as block rewards. The new TFUEL are subsequently distributed on a stake-weighted basis. For instance, if a node stakes 5MM out of a total 500MM staked THETA, it will earn 1% of the new TFUEL generated each block.
Website: https://www.thetatoken.org/
Blockchain Browser: https://explorer.thetatoken.org/
Notes:
Rewards will be distributed within 5 working days to winners’ XT accounts after the event.
XT reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation.
XT reserves the right to cancel or amend any activity or activity rules at our sole discretion.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. XT will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Thank you for your support!
XT.COM Team
March 2, 2022
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XT.COM reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website.