We are pleased to announce that the first OceanEx GO! project - Jur (JUR) will be launched for token sale soon! The JUR token sale will start on August 28th, 2019 (UTC+8). We have prepared 2 sessions - OCE Special and VET Special for users to participate in.
Jur is a blockchain-based ecosystem developed on VeChainThor Blockchain providing revolutionary trust solutions in the legal and justice industry for any business-related circumstances. Please refer to https://oceanex.pro/en/go/jur if you want to know more about the first OceanEx GO! project.
JUR Token Sale Information
- Token Name: JUR
- Token Sale Hard Cap: 2,000,000 USD
- Total Token Supply: 1,000,000,000 JUR
- OceanEx GO!’s Allocation: 100,000,000 JUR (10% of Total Token Supply)
- Subscription Token: OCE or VET
- Public Sale Token Price: 1 JUR = 0.02 USD (price in OCE and VET will be determined within 72 hours prior to the token sale)
- Token Sale Method: Weighted Average Allocation
- JUR will be issued on VeChainThor Blockchain
- Token Sale Period: 18:00 - 22:00, August 28th, 2019 (UTC+8). OCE Special and VET Special will open at the same time.
- During the Token Sale Period, participants can subscribe JUR tokens by using OCE or VET subject to their Maximum Token Subscription Amounts. The tokens used for subscription will be locked and deducted from your balance for the lock-up period.
- New Token Distribution: OceanEx will distribute new tokens and refund the rest of OCE or VET to participants’ accounts before 10:00, August 29th, 2019 (UTC+8).
1. OCE Special
- Tokens Available for OCE Special: 20,000,000 JUR
- The OCE Special session is only open to OCE Club Members (refer to Membership Info. Center for more information).
- OCE Club Member Benefits: Club members will be granted access to the OCE Special session with different Maximum Token Subscription Amounts and Discounts according to their membership levels. (See table below)
2. VET Special
- Token Available for VET Special: 80,000,000 JUR
- The VET Special session is open to all KYC’d users.
- Special Bonus: If you are a VeChainThor X Node Holder or an OCE Club Member, you will be granted with a higher Maximum Token Subscription Amount and Discount based on your X Node type and Club membership level. You will enjoy the more favorable bonus out of these two structures. (See table below)
Token Sale Allocation Calculation Rules
The token sale allocation in OCE and VET sessions will be considered and calculated separately.
- If the token sale is oversubscribed:
- The project tokens received = (total token available for current session) x (your new token subscription amount) / (total new token subscription amount received in current session)
- Investment cost = the project tokens received x (token price in VET or OCE) x ( 1 - any discount applied)
- Refund = your total VET or OCE subscription amount - the investment cost
The token available for VET Special session is 80,000,000 JUR, if the total subscription from all users is 160,000,000 JUR, your subscription is 10,000 JUR, your price discount is 5%, the token price is 1 JUR = 100 VET(OCE):
(1) The project tokens you received = 80,000,000 x 10,000 / 160,000,000 = 5,000 JUR
(2) Your investment cost = 5,000 x 100 x (1-5%) = 475,000 VET(OCE)
(3) Your refund = 10,000 x 100 - 475,000 = 525,000 VET(OCE)
- In any other cases, your token subscription amount will be fully distributed. You’ll be refunded the rest of VET(OCE) if any discount applies to you.
Note: Every account can submit applications for new token subscription at most 10 times each session. For each session, the total subscription from each account can not exceed the account's maximum token subscription amount for that session.
Benefits for OCE Club Members and VeChainThor X Node Holders:
- The Maximum Token Subscription Amount and Discount are varied from membership levels and VeChainThor X Node types.
- If your total token subscription amount in VET or OCE is X, your price discount is 5%, then your refund (VET or OCE) will be added with an extra amount of X * 5% as the Token Sale Allocation Calculation Rules show.
- Your OCE Club Membership level will be recorded the FIRST TIME you apply for Project Token Subscription (including both OCE Special and VET Special), and it will be used for the 2 sessions subscription benefits.
- Your type of VeChainThor X Node will be recorded the FIRST TIME you apply for Project Token Subscription in VET Special, and it will be used for VET Special subscription benefits.
Reminder: Users need to complete Verification (KYC) and accept IEO Sale Agreement before participating in the 2 sessions.
* Risk Warning:
- All projects selected by OceanEx GO! are startups blockchain projects, which contain
uncertainty in terms of the application and sustainable development afterwards, so please make your decision after conducting comprehensive research and consideration.
- The project tokens you finally received depends on your subscription amount and all other participants subscription amount in total. Unsuccessfully subscribed OCE or VET will be returned to your account. You should also be informed and noticed that OCE or VET will be suffered by price fluctuation during the event period, please pay attention to the risk.
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