Community voting for Founder Captains airdrop incentives and distribution has ended at 12:00, 21 May 2020, Singapore Time (UTC+8). A total of 181 Captains participated in the vote. The consensus vote is, 89.5% for 'Option 2'. HBTC Exchange will implement the desired plan as detailed in 'Option 2':
30% Equal distribution benefit for Founder Captains.
20% Distribution to Founder Captains with whose performance exceeding his/her target for the day.
The Rules for Option 2 are as follows:
When the number of HBTC Founder Captains reaches 1000, the HBC airdrop rewards will be initiated. 50% (500,000 HBC) of the HBC tokens will be airdropped to the Captains. 60% will be distributed equally to Captains who meet the monthly performance quota. 40% will be distributed proportionately to the volume of Net Revenue contributed by each Founder Captain.
Computation of Excess Performance
Excess Performance Formula: x-y * n / 30> = 0
% of Excess Performance: (x-y * n / 30) / Total Excess Performance
x = the total performance of the last n days, n <= 30 days
y = the 30-day performance
If 1 million HBCs were repurchased from the secondary market, 50% (500,000 HBC) of the HBC tokens will be airdropped to the Captains.
60% (300,000 HBC) will be distributed to Captains who meet the monthly performance quota.
40% (200,000 HBC) will be distributed proportionately to the volume of Net Revenue contributed by each Founder Captain.
When the number of HBTC Founder Captain reaches 1000, the HBC airdrop rewards will be initiated. Among the 1000 Founder Captains, 979 Captains have achieved the 30-day performance quota of 8.33 HBC. One Founder Captain was on the Captain scheme for 15 days and achieved the 15-day performance quota. 20 Founder Captains are not showing any results.
If Captain A has joined the Captain scheme for 30days and generated a Net Revenue of 1,000 HBC that meets the performance quota. Captain A will be entitled to an equal share of the "30% Equally distribution benefit for Founder Captains".
Captain A will receive (300,000 HBC / (979 * 30 + 15) * 30) = 306.27 HBC.
For any excess Net Revenue over and above the minimum performance quota generated by Captain A, he/she will be entitled to the "20% Distribution to Founder Captains whose performance exceed his/her target for the day.".
Computation: 1000 HBC - 8.33 HBC * 30/30> = 0
Ratio of Excess Net Revenue: (1000 HBC-8.33 * 30/30) / 100,000 HBC = 0.99%
Captain A will receive an additional (200,000 HBC * 0.99%) = 1980 HBC.
Total entitlement for Captain A is 306.27 HBC + 1980 HBC = 2286.27 HBC.
Voting Results URL: https://www.hbtc.com/topics/vote/1
24 May 2020