Supporters can purchase Q-Gas IOU with USDT on BitAsset starting from April 25 15:00 HKT. BitAsset is the exclusive exchange that sells the IOU.
The QLC Chain team is releasing a total of 150,000 Q-Gas backed IOU, the IOU follows the conversion rate of IOU : Q-Gas = 10 : 1
Unit price:1 IOU=0.02USDT
- Purchasing IOU start from 15:00 HKT, at spot trading portal, searchi IOU/USDT and enter
- Each account can purchase a maximum of $500 USDT worth of IOU, equals to 25,000 IOU
- Purchasing order won’t be processed if over $500 USDT
- Purchasing order will be processed in order, early come, early process
- The purchasing portal will be disabled when 1,500,000 IOU sold out, or April 27, 15:00 HKT whichever comes earlier
- The un-sold IOU will be burned, which doesn’t affect Q-Gas issuance and circulation
- IOU will be tradable starting from April 29, 15:00HKT
- IOU will start to be swapped to Q-Gas from May 28, on the same day that USDT/QGAS trading pair will be listed on BitAsset
Hot to redeem IOU to Q-Gas
Starting from May 28, IOU holder’s IOUs will be swapped to Q-Gas automatically. BitAsset will prioritize the large IOU holders swap. We estimate about 40 days to complete the whole swap process. When all IOU are swapped to Q-Gas, BitAsset will delist IOU/USDT trading pair from the market.