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"Transaction as Mining" coming soon, New platform, Are you ready?

Dear all, 


Since the launch of Bitallex, the development has been very fast, because Bitallexs disruptive business model has quickly attracted a large number of promoters to join, in order to thank the users for their long-term support and participation. We will officially launch our second brand CatEx.io on July 21, using a "Transaction as Mining" business model, operated by an independent operations team. 


Here are some specific details: 

1. Platform token name: CATT (CAT Token) 


2. Total amount: 10 billion, no additional issuance 


3. The transaction fee is 100% returned to the participating users in the form of CATT token. The CATT price is calculated based on the average price of the previous day. 

For example: If you trading ETH/BTC and buy 100 ETH. That means you need pay 0.1ETH (0.1%) as trading fees. On platform CATEX. All of your trading fees will be return to you in form of CATT. if the previous days avg price is 0.1$, and ETH price is 500$, then you will get 0.1*500/0.1 = 500 CATT 


4. Dividend: 80% of the platform profit will be distributed to users holding CATT daily, the more CATT holding, the more dividends will get. (in form of every kinds of tokens) 


5. Up to 20% additional mining bonus, as long as the users involved in mining (transaction) hold BAE tokens, the details is as below: 

Holding 5,000BAE - 10,000BAE, an additional 2.5% mining bonus 

Holding 10,00BAE - 15,000BAE, an additional 5% mining bonus 

Holding 15,000BAE - 20,000BAE, an additional 7.5% mining bonus 

Holding 20,000BAE - 50,000BAE, an additional 10% mining bonus 

Holding 50,000BAE - 100,000BAE, an additional 15% mining bonus 

Holding 100,000BAE - above, an additional 20% mining bonus 

For the third one example: if you are holding 20000BAE, then you will get 50CATT (10%) more, total is 550 CATT 


6. 20% of the referral rewards: Once the referral member participates in the mining (transaction), the promoter can get 20% of the total CATT amount mined by referral member as referral bonus. 


7. Repurchase and burn Plan: The platform will use the 20% of the platform profit to repurchase the CATT circulating in the market and burn it every quarter, until the burn of 5 billion is completed.

 

8. CATT token distribution plan: 60% is used for mining, until the end of the excavation. The other 40% is held by the team for platform development and operation promotion. And locked for 5 years, releasing 20% every year. 

For example, the previous day mining yielded 600,000 CATT, and the CATT held by the team released 600,000 * 40% / 60% * 20% =  80,000 CATT, the remaining 600,000 * 40% / 60% * 80% = 320,000 CATT will be Locked up and released every year for the next four years 


Platform incentive activities: 

1. Users can get 10% mining bonus as long as they participate in mining. Users who participate in mining from July 21 to August 31 can get 10% mining bonus (in form of CATT). 


2. Mining ranking bonus: According to everydays Mining total, up to extra bonus 20%: Users who participated in mining from July 21 to August 31, the top 5 users according to the daily mining total will get mining ranking bonus as below: 

The first one 20%, The second one 15% The third one 10% The fourth one 10% The fifth one 10% 


3. Mining ranking for new coin list: Users who participated in mining from July 21 to August 31, after the activity, the top three users according to mining total will get a right to specify one new coin for listing. 


FAQ 

1. What is the difference between CatEx and Bitallex, why launch a new exchange? 

A: Bitallex is positioned on the motherboard and has a certain threshold for new coin listing. CatEx is mainly positioned on the innovation board, the new coin listing is easy, and the new coin listing mechanism will be announced later. At the same time, Bitallex and CatEx are         also fundamentally different in their business models. 


2. Is CatEx and Bitallex data interoperable? 

A: Considering that the positioning and mode of the two platforms are quite different, the data of the two platforms are not interoperable and operate independently. Even if users who have already registered Bitallex want to participate in CatEx mining, they still need to register again. 


3. Does CatEx not divert Bitallex users? 

A: The two platforms complement each other. In the future, there will be multiple strategies to promote the common development and interoperability of the two platforms. The CatEx platform is relatively more radical. The Bitallex platform is relatively more stable. Investors can choose according to their actual situation.


4. Is it necessary to transfer BAE to the CatEx platform for an additional 10% mining bonus? 

A: Yes, you can buy BAE from the Bitallex platform and then transfer to the CatEx platform. Of course, you can also purchase BAE directly on the CatEx platform. We will go live BAE trading pair on CatEx. 


5. Is there an API or a mining machine? 

A: In order to ensure the fairness of mining, we do not provide independent API or mining machine to accelerate mining. 


6. Why is the total amount of 10 billion so large? 

A: Although the total amount of issuance is 10 billion, there is no circulation in the early stage. Only the user mines every day to generate a new CATT circulation, which means that the CATT at the beginning of circulation is zero. At the same time, the platform has a repurchase burn mechanism and a platform-side lock-up plan, so don’t worry about the large circulation. 


7. When is the registration open and when is the mining open? When does CATT open trading? 

A: Open registration on July 21st, officially start mining on July 26th, open CATT transaction on August 1st, CATT mining between 07.26 - 08.01 will be calculated at a price of $0.05, after August 1st The price will be determined by the market 


8. Is there a private placement? Is the CATT produced by daily mining mining locked? 

A: In order to ensure the principle of fairness and justice, avoid private placement dumping, the CatEx platform does not have a private placement, and the CATT of the daily user mining output will not be locked. 


if you have any other questions, please join our official Telegram Group, we will answer your questions. 

Telegram Group: https://t.me/catex_group 

Telegram Channel: https://t.me/catex_channel 


Thanks a lot!

2018-07-15 16:09

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