Announcement on the Completion of the 1st Crowdloan Reward Distribution for the Polkadot Parachain Project - Clover

Dear BigONE users,
BigONE has already distributed the first 28% of the Clover token (CLV) reward to participating users' funding accounts. The specific participation details are as follows:
BigONE voted 18,957 DOT for Clover, received 108,746 CLV. BigONE participated in the Polkadot Parachain slot auction with a total of 148,957 DOT.

Please refer to the following example for the calculation method of participation reward:
User A invests 10,000 DOT in the BigONE slot auction product, User A can get 10,000 BDOT, and User A will receive 6,570.4465 CLV for the first crowdloan from Clover.
Calculation formula is as follows:
10,000 BDOT/148,957 BDOT*108,746*0.9 = 6,570.4465 CLV

Reward Distribution Rules:
BigONE will allocate 90% of the crowdloan rewards to participating users, and 10% as platform service fees and invitation rewards. In order to encourage users to participate in this product, the platform has launched an invitation reward mechanism, in which the reward will be paid from 10% of the service fee.

Reward calculation formula:
Amount of rewards = the number of BDOT obtained by a single user after participating in the staking / the number of BDOT of all users * the number of rewards issued by the Parachain * 90%

REMINDER:

•  Clover's first 28% token reward issuance will be based on the snapshot time of the BDOT holdings at 00:00 (UTC 8) on 8 February 2022.
• DOT participating in the Polkadot Parachain slot auction in BigONE can get reward tokens for the five successful projects in the first round of auctions. We will distribute rewards according to the number of BDOT you hold. Details of subsequent reward distribution will be announced.

More information:
BigONE Parachain Slot Auction Product Description (FAQ)

BigONE, more than just asset security.

Regards,
BigONE Team
8 February 2022