Convert Voucher DOT VDOT to BigONE Token ONE

vDOT (voucher DOT) is a liquid staking derivative (LSD) of staked DOT, with fully underlying DOT reserve and yield-bearing feature of DOT staking reward. Users can deposit DOT into Bifrost SLP protocol and get vDOT as return, vDOT can be traded in the open market or be redeemed back to DOT. Holding vDOT equals to holding the DOT staking position, staking rewards appriciate the exchange price of vDOT. Why vDOT? 1. Liquid Staking The product allows users to stake DOT for liquid vToken, (vDOT). vDOT will keep receiving staking rewards and can continue to be used in Bifrost and Polkadot-based DeFi for additional rewards. 2. Automatically Staking rewards capturing without scenario limitations SLP will issue Staking rewards to vDOT by adjusting the price of vDOT / DOT upwards. vDOT Rate = SLP Staking DOT (SUM) / vDOT Total Issuance. 3. Floating redemption period, vDOT redemption ≤ 28 days While Polkadot’s original chain Staking has a fixed 28-day redemption period, Bifrost SLP helps users to realize the possibility of early vDOT redemption by matching the real-time vDOT minting quantity with the redemption quantity at the protocol layer in the form of a queue. Theoretically, it can achieve second-level redemption. 4. Higher Staking Yield In the SLP protocol, the protocol screens more than 10 verified nodes through governance (subsequently increasing with the overall staking volume) and adds multiple filters such as the number of nominees, commission ratio, and history of blocks out to maximize the return of this verifier portfolio while ensuring that none of the nodes have experienced slashes. 5. Multi-environment Compatibility vDOT is one of Substrate assets in Bifrost parachain, by using the HRMP channels between Bifrost and others, it can be easily utilized in EVM, WASM and Substarte competiable parachains.

“ONE” is BigONE’s new platform token, issued at total number of 20 billion, and will be locked until mined, and gradually released through an innovative “Trade-Mining” Mechanism. ONE holders will receive 100 percent of trading fee on BigONE’s platform. ONE is divided into two parts: Community-owned 51% of all ONEs belong to community. The total amount is 10.2 billion. Once mined/released, these ONE tokens can circulate on BigONE. BIG token holders owned 49% of all ONEs belong to existing BIG token holders. Total amount of this part is 9.8 billion ONEs, and will be released at the same rate as the community-owned part in proportion. These ONEs will be airdropped to all BIG token holders every day. However, these ONEs airdropped to BIG holders will be frozen till June 21st, 2022 UTC+8, and cannot be circulated on the BigONE trading platform or other platforms during this period. Trade cryptos in the “Trade-Mining” section, and get your trading fee rebated in ONEs of the equivalent value. Refer new users to complete registration, pass identity verification (KYC) on BigONE, and start trading in the “Trade-Mining” section. As incentive, you will receive 20% of your referred new user’s trading fee rebate in the form of ONEs. BIG tokens stored on BigONE platform will automatically be airdropped ONEs. Hold ONEs, Share All Platform Trading Fee Everyday at 00:00 UTC+8, BigONE will take a snapshot according to the current ONE balance on the platform. All trading fee occurred on the platform during the past 24 hours will be airdropped to all ONE holders in the form of a number of crypto assets received by the platform. Allocation formula = number of ONE held / total number of ONE released All ONEs are locked until mined, and will be gradually mined through “Trade-Mining” or “Referral-Mining” or “Airdrop to BIG token holders” until 20 billion ONEs are all mined. 【Trade-Mining】 Trade-Mining can only be achieved by trading crypto assets in the “Trade-Mining” section. Every midnight (or 00:00 UTC+8), the platform will calculate all trading fees occurred in the “Trade-mining” section during the last 24 hours (from the previous 00:00 AM to 24:00 PM UTC+8) and unlock equivalent worth of ONEs using the average price of ONE on the same day. On the following day’s 10:00 UTC+8, the trading platform will rebate these unlocked ONEs to users / miners who traded in the “Trade-mining” section in the previous day. 【Referral-Mining】 Referral-mining is the incentive mechanism for the platform’s existing users to invite new users to sign up BigONE. Every midnight (or 00:00 UTC+8), the trading platform will calculate the total trading fee from your referred new users’ tradings on the previous day (from 00:00 AM to 24:00 PM UTC+8) to the equivalent value of ONEs. BigONE will rebate 20% of your referred new user’s trading fee to you in ONE tokens. Such incentive will be given to you on the same day at 10:00 AM UTC+8. Note: The ONEs that are referral-mined are released in addition to the regular trade-mined portion, thus BIG token holders will also receive their equivalent proportion of referral-mined ONEs airdropped. 【Airdrop ONEs to BIG Token Holders】 Every midnight (24:00 PM UTC+8) the platform will take a snapshot of the balance of BIG tokens, and airdrop mined ONEs to BIG holders’ according to the formula: [Previous day’s number of unlocked ONEs in the Community-owned part] / 51 x 49]. However, these ONEs given to BIG holders will be frozen until June 21st, 2022, and cannot be circulated on trading platform during this period, but the platform rebates continue to apply. 【Friendly Tips】 As soon as the new “Trade-mining” rule applies and 100% of BigONE's revenue (trading fee) is rebated to ONE holders gradually, the previous BIG buy back scheme will be terminated, because BIG holders will get airdropped ONEs and receive related rebate and incentives. ONE is a platform token of BigONE and is not traded on other platforms. Please be reminded that crypto assets could be highly volatile with high risks. Any investment decisions should be made with caution.