BitWell WellPool launches Spell Token (SPELL)

Dear users,

BitWell WELL Pool will launch Spell Token (SPELL) on October 23, details are as follows:

Event time: Oct 23 10:00AM UTC – Nov 23 10:00AM UTC

Invite to win rewards

This WELL Pool will have a new 10,000 USDT equivalent invitational prize pool. During the WELL Pool, all users who participate in deposits to pool invite their friends to register using their own invitation code and complete identity verification, both the inviter and the invitee will be able to participate in sharing the reward.

  • Inviter A’s reward = Total prize pool * 80% * Total number of A’s invitees / Total number of invitees
  • Invitee’s rewards = Total prize pool * 20% / Total number of invitees

To ensure the fairness of the activity, cheating behaviours such as swiping and mutual knocking are strictly prohibited. The platform will immediately disqualify any user who commits any irregularities that affect the normal operation of the activity, and will freeze the account in serious cases.

During the activity period, BitWell reserves the right to disqualify trades that are deemed to be wash trades or illegally bulk registered accounts, as well as trades that display attributes of self-dealing or market manipulation, and the account will be frozen in serious cases.

Entrance:

On the home page of BitWell’s website, click on the ‘WELL Pool’ button in the ‘Financial Product’ section at the top to enter.

On APP home page, click ‘WELL Pool’ in the middle to enter.

Saving rules

  • WELL may be saved at any time from the opening of the WELL Pool, up to a maximum of 100 WELL per deposit, and may not be withdrawn earlier than the end of the campaign.
  • The system will automatically redeem 100% of the WELL saved for you at the end of the campaign.
  • No rewards will be calculated for inputs made within the last 24 hours of the closing time.

Reward Calculation

  • At the end of the campaign, the system will automatically calculate the coin days saved by the user during the campaign period (one coin day saved= amount of coins saved* number of coin days saved).
  • The final reward received by the user = prize pool * days of WELL coins saved by the user / the sum of days of WELL coins saved by all users on the platform.
  • The reward tokens will be issued to your spot account within 24 hours after the end of the campaign.



Project Introduction

Spell Token (SPELL)

Zone:DeFi

Community heat: 40,000

SPELL is the protocol incentive token for Abracadabra, a lending platform that uses interest-bearing tokens (ibTKN) as collateral to borrow USD-pegged stablecoins (Magic Internet Money – MIM) that can be used just like any other traditional stablecoin. Abracadabra offers the opportunity to use assets that are currently locked up in places like yVaults and thus cannot be used further.

Official website address: https://abracadabra.money/

Contract address:
0x090185f2135308bad17527004364ebcc2d37e5f6 (ERC20)

Click to view: Spell Token (SPELL) Project Analysis

Risk Warning:

Cryptocurrency investment is innovative blockchain products, and subject to price fluctuation. Please judge your risk-taking ability rationally and make your investments with caution.

BitWell is not responsible for any direct, indirect or consequential losses as a result of the cryptocurrency trading and holding.

BitWell Team
2021/10/23



BitWell is committed to building a fair and transparent global digital asset trading platform, providing investors with secure, convenient and intelligent blockchain derivatives trading services.

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