The second round of Kate’s Choice is going to start tomorrow KST 6th of July 2020. Please find the details as below.
1. Date and Size
- Date: 6th of July 2020
- From 00-23:59 6th July KST.
- Size : 50,000 Steem
2. How to participate
You will need to have JJM tokens staked and based on your stake you are allowed to participate at a specific hardcap. Please refer also to the following article to understand the rules better.
You are allowed to send max JJM’s to the account @kateschoice during the event time (6th of July KST). You are therefore able to buy Steem at a 50% sales price based on the decided Qty and participants. (Please refer to the first Kate’s Choice)
3. Hardcap
| JJM Staked | Hardcap Steem |
|---|---|
| Under 100 | - |
| 100~999 | 10 |
| 1000~9,999 | 100 |
| 10,000~49,999 | 150 |
| 50,000~499,999 | 10,000 |
| over 500k | 50,000 |
4. Price decision
The price for this round is fixed at 1JJM = 0.175 Steem. The JJM Hardcap is therefore as followed.
| JJM Staked | Hardcap Steem | Hardcap JJM |
|---|---|---|
| Under 100 | - | 0 |
| 100~999 | 10 | 57 |
| 1000~9,999 | 100 | 571 |
| 10,000~49,999 | 150 | 8571 |
| 50,000~499,999 | 10,000 | 57,143 |
| over 500k | 50,000 | 285,714 |
4. Swap Page
We are currently under preparation for a Swap page for Steem and JJM to make it easier to participate in Kate’s Choice. Details about this Swap page are going to be announced at a later timeframe when we have more details.