Amount: 500 million CKB, approximately 5 million USD
Mode: Super Fund
Benchmark Price: 0.01 USD
Time: 00:00 August 14, 2019 - 00:00 August 18, 2019 (72h)
Coin: USDT （OMNI） DAI
Minimum Fund: 100 USD/DAI
Maximum Fund: 100,000 USDT/DAI
Qualification: VIP1 or above users of Hoo Exchange who has completed their KYC
Notice：Users from USA is not allowed to join CKB investment.
What Is Super Fund?
Different from the standard fundraise, Super Fund closes when the time is due instead of when reaches the target amount. Investors are still able to fund even though the target amount has been exceeded. When the fund raise completes, investors will get their targeted coins based on the share of their total investment/the total amount of fund raised, and the extra coins will be refunded to the account of the user when the who process finishes. For example, with a target amount of 300 USDT, user A and user B invested 200 USDT and 400 USDT respectively. When the fund raising is completed, user A will get a share of 200/(200+400)=1/3, i.e. 100 USDT. So he will be refunded with 100 USDT.
Hoo Labs aims to discover, invest and accelerate great blockchain projects globally. By selecting, investing and supporting the project, Hoo Labs will help propel the development of the project and list the coin on our spot trading area so as to bring benefits to our users.
Introduction to Nervos
The Nervos Network is an open source public blockchain ecosystem and collection of protocols solving the biggest challenges facing blockchains like Bitcoin and Ethereum today.
Nervos Network includes a layered protocol based on blockchain technology, which guarantees network security and decentralization through a layer of public chain protocol. The Layer 2 protocol provides scalable transaction and computing services and multiple application layer protocols to connect business scenarios to build the common infrastructure of the next generation of cryptoeconomic networks.
The Nervos Network is a decentralized application network with a layered architecture. The CKB (Common Knowledge Base) is a public blockchain protocol which is the foundational layer of the Nervos Network and designed to serve as the trust engine of the whole ecosystem. Aligned with Nervos’s goal of building a layered architecture, CKB is the layer that stores assets and provides arbitration for all the upper-level layers and allows the deployment of limitless possibilities for the configurations of different Layer 2 protocols.
- The CKB Cell model is a universal Bitcoin UTXO model that can store and validate any type of data, supports smart contracts and multiple cryptographic primitives. Through the Cell model, users will truly own Tier 1 assets;
- CKB virtual machine uses open source low-level CPU instruction set architecture RISC-V development, to ensure the stability of virtual machine operation using real hardware, and to build a more natural, more future-oriented operating cost model;
- Consensus Agreement NC-MAX uses two-phase commit to save bandwidth and adjust its own parameters according to network conditions, which enhances the scalability of Nakamoto Consensus;
- The CKB economic model uses the issuance policy to limit the growth of global state storage, and is committed to creating a smart contract platform for value storage, ensuring the value of the underlying network under the layered architecture of the cryptoeconomics network.
Coin Name: CKB (Common Knowledge Base)
Type: Nervos Network native token
Total Supply: 33.6 billion
Circulation rate when main net launch: 36.8%
20% of the total supply will be available for public sale 1 CKB = 0.01 USD(Official sale is scheduled on mid-September at CoinList)
Burned when main net launch: 25%
Private Sale: 14% (0.006USD)
The role of CKB:
CKB is not only the native token of the CKB network, but also represents a piece of storage space that can be written with data. Having one CKB means that you can write 1 Byte of data on CKB's Layer 1. It is the global consensus space, which is used by the node to store the current global state, and needs to be stored in the memory provided by the node. Therefore, CKB is a scarce resource.
Jan Xie - Architect & Researcher. Founder at Cryptape, former core researcher & developer at Ethereum Foundation, co-founder of ethfans.org, former architect at Peatio.
Terry Tai - Jack of all Trades. Core developer at Yunbi & Peatio cryptocurrency exchange, co-founder of Teahour.fm, one of China's most popular tech podcasts.
Daniel Lv - Community Building. Former CTO of imToken (world's most popular Ethereum wallet), former CTO of Yunbi, and co-founder of ruby-china.org and KOL
More info: https://docs.nervos.org/introduction/welcome