The Defibox Whitepaper V2.0 Is Published Officially, and the Total Volume of BOX Is Reduced to 5 Million

Dear users,

Hello! The Defibox whitepaper V2.0 was officially published at 03:00 (UTC) on September 18, 2020. The total volume of BOX was reduced from 100 million to 5 million, and the token issuance rules were upgraded newly. After the BOX total supply reaches 1 million, it will became effective.

New issuance rules of BOX token:

The unissued 4 million BOX will all be used for DeFi protocol mining, and the Foundation, team and Newdex will no longer participate in the distribution of BOX. At the same time, the BOX staking dividend is cancelled, and 0.1% of Swap transaction volume is distributed to the Foundation. In order to reward Newdex's funding, the Foundation uses 10% of it for NDX buy-back and burning, that is, 0.01% of Swap transaction volume will be used for NDX buy-back and burning.

Token issuance plan after the total volume of BOX reaches 1 million:

1.Swap

2.4 million BOX is distributed to swap market-making mining, and the release of token is executed simultaneously with market-making mining.

Release rules:

0.024 BOX is released to the market-making mining pool every second for market-making mining, and the release ends in about 3 years.

Mining rules:

• Becomingmarket maker to provide liquidity canget BOX incentives of market-making mining pools
• The BOX amount obtained by market-making mining per second = the proportion of the liquidity you provide converted into EOS × 0.024

2.USN Stable Coin

600,000 BOX is distributed to USN generation mining, and the release of token is executed simultaneously with USN generation mining.

Release rules:

0.006 BOX is released to the USN generation mining pool every second, and the release ends in about 3 years.

Mining rules:

• StakingEOS to generate USN can get BOX incentives ofUSN generation mining pool
• The BOX amount obtainedby generation mining per second = your USNgenerated amount / the total USN generated amount × 0.006

3.Decentralized Lending

     600,000 BOX is distributed to decentralized lending protocol mining, and the 600,000 BOX is locked before the mining starts.

4.Other Mining

     400,000 BOX is distributed to other forms of mining of Defibox. The 400,000 BOX is locked before the mining starts. The Defibox Foundation has the right to adjust the mining distribution rules according to actual needs.

For more details, please click to view: "Defibox Whitepaper V2.0"