Dear Users,

OceanEx now officially launches the 'VTHO Distribution Plan' .

VeThor Token (VTHO) is the energy, or the cost, of carrying on payment and smart contract transactions on the VeChainThor Blockchain. VeThor is generated from VeChain Tokens (VET) over time.

During the 1 month period (23:30 UTC+8, 9th October - 23:30 UTC+8, 9th November 2018), VTHO will be distributed to users who hold VET on a weekly basis. The VTHO generation rate of this period is 2 times of baseline setting (8.64 VTHO per 10k VET per day). After 23:30 UTC+8, 9th November 2018, VTHO will be distributed based on the standard generation rate (4.32 VTHO per 10k VET per day). Users can find it under account balance.

Detailed distribution rules are as follows:



Algorithm:

Daily VTHO generated by each user = Daily total VTHO generated by OceanEx * User VTHO holdings ratio*2

User VTHO holdings ratio = User VET holdings / Total VET held on OceanEx

OceanEx will randomly select a point each day to take a snapshot of all users' VET balances (including those in trading orders).

OceanEx will distribute weekly all of the dividends to the correspond account. Distribution will be completed on next Monday before 18:00(UTC+8).(Postpone to next workday if a statutory holiday comes)

Note:

1.VET balances under 1 VET (including those in trade orders) will not be eligible for the daily VTHO calculations.

2.According to baseline setting of v= 4.32 VTHO per 10k VET per day, each user with 10k VET holding will generate 4.32 VTHO per day.

OceanEx Team

10/10/2018

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