Mega bitcoin Pool Sale number 8–10 BTC at 50% off
Tags: Bitcoin, Cryptocurrency

Hi everyone

We have till now organised pool sales of over 39 bitcoins. Crazy if think about it.

Users who have held bns have benefited not just by

Trading fees benefits (Over 3 crores paid to users)

Referral benefits (Over 1 crore worth of bns users have received)

FIP benefits (Over 10 crore worth of FIPs users have received additional interest with bns)

And every single investor who has bet on bns in IEO or pre sale phases has been in positive

Pool sale benefits. Users can essentially get BTC at 50% off. BTC itself has rallied over 70% since pool sales started. So if someone received 10000 INR worth of BTC for 50% price. That BTC would now be worth 17000. And users got this just by having BNS. (Roughly 3 crore worth of benefits)

A lot of users used bns to farm BNSD and earn from there (Over 10 crores in value generated)

Many such utilities would keep unravelling over time. Larger point being with bns you keep benefits forever.So users not only have benefited from bns price change but also have benefited from all these utilities which makes their bns holding that much more powerful.

And as these utilities grow in size and scale BNS would start seeing growth.

Moving to the pool sale for now. We have seen massive response to our earlier pool sales.

Pool sale number 8 comes with 10 BTC at 50% off.

Timeline:

Stake tokens at: 23rd November 2020–12:00 IST

Staking ends at: 25th November 2020–10:30 IST

Accept/reject offer from: 25th November 2020–14:00 PM IST

Distribution happens on: 26th November 2020–12:30 IST

Instructions:

Login to your BitBns account. Buy BNS token from https://bitbns.com/trade/#/bns. Go to https://bitbns.com/trade/#/pool-sales. Stake your BNS token on 23rd November, 12:00 IST. Accept or reject allocation on 25th November. Allocated bitcoin & unallocated BNS token will get credited in your wallet on 26 November, 12:30 IST.

How to participate:

You need to stake a minimum of 100 BNS to participate in the pool sales

Your allocation in the pool sales is determined by the amount of BNS you are staking

Allocation slabs are as follows:

The price for BNS/USDT for BNS staked would be taken according to Nov 23rd 12 pm timeline

The price for BNS/BTC has been taken according to November 23 12 pm timeli

The more BNS is being staked, the more allocation size. Utility and unlocked tokens can be used to stake

So, as an example, say the price of BNS/BTC is 500 Sats on the price determination date. (2nd November 11 am)

So for 5 BTC the total BNS that can get allocated is:

(Number of Sats in 5 BTC)/(BNS/BTC price) i.e. 500,000,000/500 = 1,000,000

At 50% discount, BNS/BTC price = 1000 Sats and therefore, 500,000 is the max BNS that can be staked for the event.

Now let’s consider this:

Say, if you have staked 2000 BNS:

Case A) Event is either under-subscribed or 100% subscribed:

This means less than or equal to 500,000 BNS were staked. In this case for whatever amount of BNS you have staked, you would get the allocation in that proportion.

Considering 1 BNS is 1000 Sats after discount,

Your stake of 2000 BNS would get you 1000*2000 Sats = 2,000,000 Sats

Case B) Event is over-subscribed:

Say, people staked around 1,000,000 BNS for participating. So the oversubscription factor is 2. (1,000,000 BNS/500,000 BNS = 2). Now you would receive an allocation according to this formula:

(Total BNS you staked/oversubscription factor)

In this case, you would get 2000/2 = 1000 worth of allocation. So for 1000 BNS, you would get BTC at 1000 Sats price BNS/BTC (after 50% discount)

Therefore, you would get 1000*1000 = 1,000,000 Sats and the rest (1000 BNS) would be refunded back to your wallet.