Dear BHEXers,

BHEX new wave in September! Total of 5,000,000 BUT to get 50% Discount to subscribe and 30 days 100% annualized return lockup campaign. What's more! Total of 10,000 BHT Perks for all lockup participants to share.

Campaign details

BHEX Exclusive : 50% Discount to Subscribe 5,000,000 BUT

Subscription Rules:

1.Order Time: 2pm-3pm, 11 September 2019 (UTC+8)

2.Use BHT to subscript BUT

3.Total Allocation: 5,000,000 BUT

4.Participation criteria:

4.1System will do snapshot on BHT balance holding daily at 8am (UTC+8) from 8 September - 11 September 2019. The account will be qualified to participate only if it has a 4-day average BHT holding of more than 10,000 BHT (inclusive)

4.2.Bind Phone Number

4.3.Pass KYC (ID Verification)

5.Order quantity: A single UID account can only participate once. Minimum order is 500 BHT, and the Maximum order is capped at 2500 BHT. One order is equivalent to 500 BHT, and order quantity is restricted to integer multiples.

6.Order Price: BHT order pricing is calculated based on the average price of the BHT/BTC trading pair on BHEX platform 3 days before the subscription (8-10 September 2019).

BUT order pricing is calculated based on the average price of the daily closing price of BUT/BTC trading pair on Huobi Global platform 3 days before the subscription (8-10 September 2019).

7.Conversion ratio: use BHT’s order price to subscribe 50% off the BUT order price.

8.BHT will be returned automatically if unsuccessful participation.

9.BHT will be burnt for all successful participation.

10.BUT listing time: BUT/USDT trading pairs will be open for trading at 7pm, September (Singapore time, UTC+8).

Gentle Reminder: Any improper behaviour, including but not limited to robot subscribing and cheating, during the subscription campaign will not be allowed and BHEX reserves the right to retrieve the associated account’s order amount.

Allocation Rules:

System will automatically convert to discounted BUT proportionally after the campaign ends. And there will be 10 lucky users to subscribe with the full order amount. The rest participants will be distributed proportionally for the remaining BUT. (the calculation is after the minus of the quota of 10 lucky winners)

BUT Total Allocation: 5,000,000 BUT

Individual actual allocated BUT quota: Individual order amount/ total order amount * BUT Total Allocation (the calculation is after the minus of the quota of 10 lucky winners)

Individual actual BHT order amount = Individual actual allocated BUT quota * BUT order price

Result announcement:

BHEX will announce the subscription result at 7pm, 11 September 2019 (UTC+8) after system sort out all qualified participants and distribute BUT to your wallet account.

Lucky Winner Rule:

After the subscription, the BTC/USDT trading pair closing price on 3pm, 11 September 2019 (UTC+8) will be recorded as “lucky draw winning series”. The order id that matches most digits with the lucky draw winning series wins.

For example, the BTC/USDT price closes at 9501.84

, then “lucky draw winning series” is 950184. Take the last 6 digits of the order id and compare with the lucky draw winning series to see if there are exact matches. (if BTC/USDT closing price is above 10,000, then take last 7 digits)

Example “lucky draw winning series” = 950184

Suppose there are a1 orders that has order id ending with this series

If a1 >= 10, sort by order placing time and first 10 orders are taken as Lucky Winners;

If 0 <= a1 <10, then we take last 5 digits of the BTC/USDT closing price and compare with last 5 digits of the order id;

Now Example “lucky draw winning series” = 50184

Suppose there are a2 orders that has order id ending with this series

If a1=0, a2 >= 10, sort by order placing time and first 10 orders are taken as Lucky Winners;

If a1<10, a1+a2 >= 10, keep the a1 accounts got above as Lucky Winners. Then sort the a2 accounts by order placing time and first 10 – a1 orders are taken as Lucky Winners also;

If a1 + a2 < 10, then we take last 4 digits of the BTC/USDT closing price and compare with last 4 digits of the order id;

Continue this process until we find 10 Lucky Winners.

If 10 Lucky Winners are not found when matching last digit, then take the 2nd last digit of the “lucky draw winning series” and compare with last digit of the order id.

Example “lucky draw winning series” = 950184, then we compare “8” with last digit of the order id.

If we still don’t have 10 Lucky Winners, then we compare 3rd last digit of the “lucky draw winning series” and compare with last digit of the order id.

Continue this process until we find 10 Lucky Winners.

BHEX reserves the final right to interpret this campaign rule.

BHEX reserves the final right to interpret this campaign rule.

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Thanks for supporting BHEX! Happy Trading

BHEX Team

6 September 2019