Dear Respected Hotbit Users,
After our stringent selection process, we are excited to announce the project of Hotbit Polaris, VGO（VirtualGoodsToken）.
VGO (Virtual Goods Token) aims to address many limitations of Bitcoin system. As a transactional daily currency, VGO aims to provide a scalable and sustainable alternative to Bitcoin. VGO is a Bitcoin Differentiation Project. The algorithm mainly includes SHA256 and RIPEMD160. Bitcoin combines the application of these two hashing algorithms into two functions: hash 256 (d) = sha256 (d) and hash 160 (d) = ripemd160 (sha256 (d). D is an array of bytes to be hashed, which generates 256 bits (32 bytes) and 160 bits (20 bytes) respectively. The hexadecimal value. Hash256 is mainly used to generate identifiers, such as block ID, transaction ID, etc., while hash160 is mainly used to generate VGO addresses. The above algorithm can be mined on any computer, and no special mining equipment is ever needed. VGO can achieve efficient transaction confirmation. And through VVM (VGO Virtual Machine) intelligent contract virtual machine to run intelligent contract coding, provides a faster, more scalable block chain platform, more suitable for daily transactions.
Detailed Rules and Regulations of the Purchase Application
1. The purchase application of VGO is VGO/USDT sessions. The duration for the purchase application of the session is scheduled during 19:00:00(UTC+8), June 30th, 2019 – 19:15:00(UTC+8), June 30th, 2019. The purchase application session lasts for 15 minutes.
2. The total volume of VGO tokens available for purchase during the session will be 300000 VGO in total. The total value of VGO tokens available for purchase during the session will be 60000 USDT worth of VGO tokens. The total volume of tokens available for purchase during VGO / USDT session will be 300000 VGO tokens, with the price being 0.2 USDT.
3. After finishing all purchase sessions, our system will calculate all valid purchase application records and allocate all relevant tokens to be distributed to each user based on the proportion of the volume of each user’s contribution compared with the volume of total contributions from all users. Our platform will finish the distribution of all allocated tokens to all users’ accounts at19:50:00(UTC+8), June 30th, 2019.
4. VGO will be officially listed on our platform and available for trading at 20:00:00(UTC+8), June 30th, 2019.
The trading pair to be opened for VGO will be VGO/USDT.
Please refer to the following website for further information of VGO（VirtualGoodsToken）:
Official Website: http://vgo.life/
White Paper: http://vgo.life/vgo_white_paper.pdf