Dear Users,
Hello!
As per requested by RES project team and community, we will be implementing Lower Price Limit Policy (LPL Policy) for RES/USDT Market starting December 15th, 2019.
RES team has made changed its policy to distribute RES-M1 Mining Machine worldwide. The purchase of the machine can only be made with RES Token. This allows RES Team to share profit with the token holders by reflecting profit to the market price of RES Token. Lower Price Limit Policy will follow the schedule below, and during the implementation time (16:00 ~ 17:00 KST), trading will not be allowed until the market is resumed.
|
Implementation Date |
Lower Price Limit (LPL) (Unit: USDT) |
|
Dec 15, 2019 |
0.030 |
|
Jan 15, 2020 |
0.033 |
|
Feb 15, 2020 |
0.038 |
|
Mar 15, 2020 |
0.044 |
|
Apr 15, 2020 |
0.054 |
|
May 15, 2020 |
0.068 |
|
Jun 15, 2020 |
0.085 |
|
July 15, 2020 |
0.106 |
|
Aug 15, 2020 |
0.132 |
|
Sep 15, 2020 |
0.165 |
|
Oct 15, 2020 |
0.207 |
|
Nov 15, 2020 |
0.258 |
**Implementation Time: 16:00 ~ 17:00 KST
Please be advice, RES/USDT trading will be available until 16:00 KST, and during the implementation time, all orders (ask or bid) below Lower Price will be cancelled. Bid order below Lower Price Limit will not be permitted after each implementation.
Please see illustration to understand the process
[Lower Price Limit Policy]
What is Lower Price Limit Policy?
Lower Price Limit Policy (LPL Policy) is implemented by the project team. By utilizing LPL policy, project team can reflect their performance on the market while protecting the value of the RES Token.
What will happen to the Bid or Ask order lowered than Lower Price Limit?
All orders less than Lower Price Limit will be cancelled during each implementation phase. Please be advice cancellation of order, if you have any bid or ask that has not been completed.
After Lower Price Limit Policy, can I place Bid order?
Yes, bid order may be place if equal or greater than Lower Price Limit after each implementation.
How is lower price is decided and is lower price is guaranteed?
Please be advice the Lower Price Limit is set by the project team’s discretion which the team claims to reflect their current business performance. Coineal Exchange does not take in part with price decision. Thus, there is no price guarantee by Coineal. For further details and information please contact RES team.
/Lower Price Limit Implementation Process/
Step1: Trading Market Halt (No Bid / Ask Order)
Step2: Deal lower than Lower Price Cancelled
Step3: Market Open
[ABOUT RES]
As a Ethereum token sharing the profits of mining system, RES Token can generate the best return on investment through a system related to newly developed mining equipment.
The mining system of KEMtechnology that organizes RES Token supplies electricity with a new and renewable energy source through the development of eco-friendly, wind, solar and hybrids, and applied VLLC(Vapor Liquid Loop Cooling) system to improve performance and longevity. Furthermore, by utilizing vanadium redoxg flow battery(VRFB)ESS system controlling peak power, RES Token completed the eco-friendly Mining Infrastructure using the world’s first 100% new renewable energy.
Mining machine of RES-M1 self-researched and developed, by consuming about a tenth of its power compared to the existing one, is a new concept mining machine that mines 10 times the coin production of the existing mining machine. As the best mining machine in the world, it solved the performance degradation caused by heat and dust, a disadvantage of the existing mining system, with Vapor Liquid Loop Cooling and greatly improved the performance and life of miner.
[KEM Technology RES-M1- FPGA Miner]
50% of the coins mined will be paid in the form of airdrop to the RES token holder, the remaining 40% will be used to purchase additional miners and 10% will be used for operating fund of Mining System. Also, through Smart Voting, RES Token holders can seek to operate a transparent company and maximize its ultimate profit by directly participating in the decision-making process of running a company.
Common Link
Official website: http://www.restoken.com
White paper: http://endlessmining.io/wp-content/uploads/2019/05/RES-WHITE.pdf
Block Explore Address: https://etherscan.io/token/0x20db51995f9dba069c5734c3199bf7426aba803e
Telegram: https://t.me/Kem_technology
Twitter: https://twitter.com/TechnologyKem
Facebook: https://www.facebook.com/KEM-Technology-456395735163400/
Risk Disclaimer
Above Schedule for price of RES has been provided by the project. Any Crypto assets are innovative investment products with high price fluctuations and high investment risks. Coineal is not liable for any loss from trading the crypto asset. Please ensure a through understanding of the crypto assets and confirm validity of the information above before making investment decision and use extreme caution when doing so.
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2019.12.9