Fellow CoinTiger users,
CoinTiger has upgraded the contract address of its platform currency, TigerCash(TCH) (New contract address：0x9b39a0b97319a9bd5fed217c1db7b030453bac91).
New lock-up mechanism added. The lock-up period was implemented as promise according to the whitepaper for team and foundation. Investors are welcome to supervise.
TCH’s total supply was 1.05 billion, initial allocation plan & lock-ups as follows:
Subsequently, in April and July 2018, a total of 50M TCH was bought back and burnt at twice.
In September 2018，CoinTiger introduced equity mechanism into TCH and changed “Seasonal 50% profit for TCH buy-back and burn” into “Annualized 50% net-profit allocation to all TCH holders” mechanism.
In the meantime, the Foundation was agreed to extend the lock-up period from 5 years to 8 years, and the first unlock date was postponed to June 1, 2020, allocation for the team and Foundation is set according to the total amount of 1 billion TCH. As of now, the total number of TCHs, lock-ups, and circulations are as follows:
TCH total supply：1 billion
TCH lock-ups：Team holdings of 180M +Foundation holdings of 120M = 300M
Meanwhile, CoinTiger has swapped the prior TCH into the new TCH with a 1:1 ratio. Prior TCH in your account has been replaced with the TCH under the new contract address. Trading of the new TCH is now available and prior TCH will not be accepted.
CoinTiger Thank you for your support!
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