Bibox DeFi Innovation Board will list WenMoon Protocol (WENMOON) on 4/29/2021.
In order to facilitate user transactions, WENMOON deposited to Bibox will be automatically converted into mWENMOON (1mWENMOON = 1,000,000WENMOON).The platform will convert it into actual quantity according to this algorithm when withdrawing.Bibox does not support the token contract dividend mechanism for the time being.
【Bibox's instructions on WenMoon contract mechanism processing】
According to WenMoon's contract mechanism (https://wenmoon.space/#), users need to pay a 15% fee to the token contract every time they transfer money on the chain.Therefore, Bibox has the following rules for WenMoon deposit/withdrawal processing:
Deposit：Bibox deposit requires payment of 15% of the token contract fee.That is, the user successfully deposit to Bibox, the actual amount received = transfer amount-contract fee.
example: A user tops up 100 WenMoon, then the amount he actually received is 85 WenMoon.
The algorithm is the token contract fee 15 WenMoon.
Calculation formula：100-(100*15%)= 85
Withdrawal：According to WENMOON’s contract mechanism, Bibox charges a 15% Bibox collection fee for each withdrawal; The actual remitted amount of withdrawal = user's WENMOON withdrawal amount-Bibox collection fee-token contract mechanism fee.
example: A user withdraws 100 WenMoon, then the amount he actually remitted is 72.25 WenMoon.
The algorithm is Bibox collection fee 15 WenMoon, token contract fee 12.75 WenMoon;
Calculation formula: 100-100*15%-(100-100*15%)*15%=72.25
*BSC transfer fees will be normally deducted from the actual token withdrawal amount
For details of the token contract mechanism, please contact WenMoon official.
I. Listing Time
4/29/2021 18:00 (UTC+8), deposit function will be enabled.
4/29/2021 20:00 (UTC+8), mWENMOON/USDT trading pair and Grid Trading will be enabled.
4/29/2021 22:00 (UTC+8), withdrawal function will be enabled.
II. Token Information
WenMoon is a fast growing high yielding BSC token supporting the future of informed trading through a seris of decentralized applications releasing this quarter.
Please be aware that crypto market price is volatile upon listing. Please trade cautiously after evaluating the market carefully.
III. Related Links
Block Explorer (BSC): Click for Detail
Fees: Click for Detail
Cryptocurrency investments are risky. Please make investments wisely according to your own risk tolerance.
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