Announcement of Casper (CLX) Validator Sale
Dear BitMax.io Users,
Casper (CLX) will launch a validator sale for BitMax.io users from March 26th, 10:00 a.m. EDT, 2020 to April 6th, 10:00 a.m. EDT, 2020. As the organizer, Casper takes full legal responsibility for its validator sale. BitMax.io only provides technology and execution support for this validator sale. Details are as follows:
Please click here to view more details about CasperLabs (CLX) Validator Sale . （PC only)
Casper Validator Sale
Initial Circulating Supply
During the first year and post mainnet launch, approximately 20% of the tokens will be in circulation.
Quantity for This Validator Sale
Validator Sale Price
1 CLX=0.01 USDT
Target Validator Sale Amount
Validator Sale Period
March 26th, 10:00 a.m. EDT, 2020 to April 6th, 10:00 a.m. EDT, 2020
No. of Validator Sale Rounds
Quota Allocation Method
Quota per Lottery Ticket
100 USDT (10,000 CLX)
Purchase Cap per User Account
150 Tickets (15,000 USDT)
Validator Sale Token Release
|This validator sale is part of the validator round. All tokens purchased will be subject to a 90-day lock up period from the mainnet launch (expected Q3-2020 at this point). After the lock up period ends, the tokens will be released linearly over the next 3 months at a rate of 1/13th per week. During this period, all validator sale tokens will participate in validator staking and earn certain staking rewards.|
Validator Sale Token Reward
All validator sale tokens will participate in validator staking and earn certain rewards with the following structure:
1) Initial reward:
15% reward on annualized basis before mainnet launch
2) Staking reward:
For the staking reward, the protocol will target a 15%+ gross yield for the first year and post mainnet launch.
3) Transaction fees:
Transaction fees will be distributed to the validators on the network post mainnet launch.
Note: This validator sale is part of the validator round. All tokens purchased CANNOT be circulated prior to mainnet launch and release of validator sale tokens. Please stay tuned for further announcement on the timing of listing and withdrawal.
3-Round Validator Sale Schedule
Lottery Draw Time
Validator Sale Price
Target Validator Sale Amount
No. of Winning Tickets Available
Bonus per Winning Ticket
March 30th, 10:00 a.m. EDT
April 1st, 10:00 a.m. EDT
April 6th, 10:00 a.m. EDT
Note: After the conclusion of each round of lottery draw, a bonus reward will be automatically distributed to winners based on their number of winning tickets in that round. The bonus will be distributed per following schedule: 5,000,000 CLX for the first round (1,000 CLX per winning ticket) and 5,000,000 CLX for the second round (500 CLX per winning ticket). Please note there will be NO bonus reward for the third round.
Validator Sale Process
1.Quota per ticket: 100 USDT (10,000 CLX). Every ticket will be assigned with a ticket number, and upon the conclusion of the purchase, a USDT payment will be deducted from the eligible participant's Cash Account. Each user account is capped to purchase 150 tickets (15,000 USDT);
2.Winning tickets will be announced after the conclusion of each round of lottery draw. Participants who do not win in the current round will be able to continue to participate in the next round of lottery draw.
3.Users with winning tickets will be assigned with a Casper Access Code, which grants the access to CasperLabs website and allows them to complete identity verification (KYC). KYC must be completed before April 13th, 10:00 a.m. EDT, 2020. Users failing to complete the verification on time or failing to pass the verification will be deemed to voluntarily give up their eligibility for participation; the purchased tickets will be cancelled and the USDT payment will be refunded.
Casper KYC Process
1.Winning ticket holders must visit Casper official website and type in their "Email + Casper Access Code + Email Verification Code" to access the identity verification page. They must sign a Validator Future Token Agreement (VFTA) and provide contact information as well as a proof of address before the start of verification process.
2.Proof of address includes, but is not limited to, utility bills, bank statements and mail receipts that are recent (from the past three months) and include personal identification information (date, name and address). Participants with a purchase amount ≥ 1,000 USDT must upload proof of address information. For participants with a purchase amount < 1,000 USDT, proof of address is not required.
3.If the following alert message appears at the bottom of the identity verification page "Please check email to proceed with KYC verification,” please check your email account and submit relevant documentations or proofs as requested to proceed with the KYC review.
Note:For participants who do not win the lottery draw, their USDT payments will be refunded back to their own user accounts between April 6th, 12:00 p.m. EDT - April 7th, 12:00 p.m. EDT. For participants who fail to complete the identity verification on time or fail to pass the identity verification, their USDT payment will be refunded back to their own user accounts between April 13th, 12:00 p.m. EDT - April 14th, 12:00 p.m. EDT.
1.Users are required to complete KYC 2 verification in order to participate in the validator sale.
2.Users are required to complete Google 2FA authentication for participation.
3.Users must be from a non-prohibited region or country. The following is a list of prohibited regions or countries: the United States, Balkans region, Belarus, Myanmar, Côte d'Ivoire, Cuba, Democratic Republic of the Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syrian Arab Republic, Zimbabwe, Algeria, Bangladesh, Bolivia, Cambodia, Ecuador, Nepal, Afghanistan, Burundi, Central African Republic, Singapore, Ethiopia, Guinea, Guinea-Bissau, Lebanon, Sri Lanka, Libya, Serbia, Somalia, South Sudan, Thailand, Tunisia, Trinidad and Tobago, Ukraine, Uganda, Venezuela, Yemen.
Casper is a Proof-of-Stake (PoS) based smart contract platform that scales for real-world businesses and simplifies experiences for developers and end-users, making it easy to use for everyone. Casper' network provides scalable, fast, and decentralized blockchain services, powered by "Correct-by-construction (CBC) Casper" proof-of-stake protocol. The CBC consensus protocol is a license-free, decentralized and highly secure proof-of-stake mechanism, and is an important component of Ethereum's final shift to a proof-of-stake mechanism. The Casper team has been developing the project since November 2018 and has now delivered 14 development releases. Alpha testNet is scheduled for the end of March 2020, and the mainnet launch will take place in 2020.
Token Symbol: CLX
Total Token Supply: 10 billion (10,000,000,000 CLX)
Initial Circulating Supply: approximately 20% of total supply during the first year and post mainnet launch
-60% of total token supply will be sold to the public via validator sales and future ongoing public sales.
-16% reserved for developer & entrepreneur incentives, advisors and community managers via a DAO structure coupled with an AWS credits style system deployed over 5 years.
-10% will be held by the Casper network; any and all distributions will be commensurate with public release.
-8% reserved for the team, vesting on a schedule similar to equity incentive programs over 3 years.
-6% for advisors and strategic partners, distributed in a manner similar to the developer and community incentives.
In addition to the initial supply, additional tokens will be issued at a certain low inflation rate and distributed to validators and delegators as block rewards.
White Paper: https://techspec.casperlabs.io/en/latest
Thank you for the continued support.
Mar 25th, 2020
Official Group: https://t.me/BitMaxioEnglishOfficial