Join Dropil Buyback Sprint And Jade
Large Dropil buyback sprint Monday!
We were surprised and pleased by the quickness with which the first buyback sold out and we are excited to announce the next buyback sprint will be on a much larger scale with a maximum of 1.5 Billion Drops available for buyback.
The buyback will take place on Monday, November 19th at 10 PM PST (UTC -8). Please see what time this is in your current timezone to ensure you don’t miss out on the opportunity.
1. How to Participate
To partake in the buyback, users must have Drops in their portal wallet or in an active Dex profile. For users that participate, Drops that are not inside Dex will be applied to their sale first, and any Drops sold over the available balance of a user’s portal wallet will be taken from Dex. Any Drops taken from Dex as a direct result from selling during the buyback program will be treated the same as a normal withdrawal from Dex.
This means the user is forfeiting a proportional amount of unrealized profit for their current cycle and will have a corresponding withdrawal timer associated with the withdrawal (click here for more info on withdrawal timers). Selling of Drops will take place within the Dropil portal via a dedicated popup accessible from the main left-hand menu.
All buyback sprints will be operated on a first come, first serve basis up until the point that the maximum (1.5 billion Drops during this sprint) has been reached. In the interest of giving all eligible users a fair chance at participation, the maximum number of Drops a single user may sell per buyback sprint is 25 million Drops.
Drops will be purchased directly from users and in return will receive BTC, and as such it is necessary to have a BTC wallet address ready to provide to complete the transaction. If participating, please check and double check that the wallet address you provide is correct and it is a wallet you have secure access to. Once the operation is completed, there is no ability for the Dropil team to reverse it.
The responsibility to enter the correct receiving BTC wallet address is up to each user. Following the completion of the buyback program and internal audit, the BTC will arrive in the user provided wallet address within 5 days.
2. Buyback Value
The value of the Drop tokens that will be used for all calculations during the buyback will be displayed in both USD and BTC in the popup for the buyback sprint. The value of the Drop tokens will be pre-determined and will not change during the buyback.
All information (including but not limited to: amount of Drops being sold, price per Drop in USD equivalent, price per Drop in BTC, amount of BTC to be received) regarding the transaction will be provided to the user inside the popup before completing the sale.
When a user clicks the submit button labeled “Sell my Drops to Dropil,” the entered amount of Drops will become unavailable from the user’s portal wallet for withdrawal or use within the Dropil ecosystem. While the buyback is completed and during the internal audit period, the movement of these Drops will not appear on the blockchain; however, the in-portal lock of the Drops will be instant.
Following the completion of the buyback program and internal audit, the Drops will be moved to the Vault. This entire process should be completed within 5 days of the completion of the buyback sprint.
U.S. Participation Disclaimer
Users logging in with IP addresses in U.S. territory are not currently eligible to participate in the buyback program. This exclusion is due to the increasing levels of regulatory uncertainty involving transactions by U.S. residents converting virtually any digital asset for another. We will work towards allowing U.S. participation as soon as guaranteed compliance is possible.
Thank you for taking the time to read about our buyback program and your continued support of Dropil.
3. Meet Jade — Your Personal Trading Robot
— Meet Jade
The community has spoken and we have listened! Dropil could not be happier at the success and adoption of Dex, however, we also know there is a market for trading software that offers more visibility and control to the individual user.
Introducing the “Jade” trading software — Jade is all about control! For the first time we are offering access to a suite of custom trading bots that will run on a user’s personal exchange accounts. In typical Dropil fashion there has been an emphasis on making the system as easy to setup and use as possible while still delivering best in class functionality.
This includes access to a proprietary Jade dashboard in addition to the ability to watch all trades real time on your connected exchange account. The ability to run Jade as a ‘set it and forget it’ bot is there, but the real beauty of Jade past the ultimate transparency is the option for the user to also control aspects of its behavior.
— How do I get started?
There will be a paid waiting list where users can make a 100% refundable deposit of $100 in Drops and be put on a list in which they will be invited to use Jade in the order they signed up.
Users will also have the option to opt into a free waiting list from which we will notify users via email and/or an internal notification system when there are excess spots available (meaning the paid waiting list is empty and there are extra spots).
— How does it work?
Once a user has been approved to use Jade they will be able to navigate to the Jade user portal within the Dropil ecosystem and begin setup. To continue, you will need an account at one of the eligible exchanges with a recommended minimum of $500 available in tradeable currency of your choosing.
For initial release, Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) will be available funding options for Jade to trade. The convenient setup wizard will walk you through setting up Jade via API on your personal exchange account as well as your trading strategy and settings.
There will be both assisted simple setup and advanced trading logic options, all of which can be changed at any time. Currently, Jade is setup to allow diversified trading across dozens of cryptocurrencies, however more will be added in the future and of course the ability to set the universe of tradable coins in your account will be a customizable option.
Once your exchange account has been linked and you have set your trading strategy, you are ready to have Jade go to work for you. Trades will be visible as they are happening on your exchange account allowing you the utmost transparency possible.
While watching trades on exchanges can be informative, we found that it can also be hard to keep track of especially when diversifying across multiple assets, so to improve upon this we have included a number of statistics within the Jade user portal.
From within the Jade portal you will be able to quickly see important information such as positions open, number of closed trades, total to date returns shown in your selected funding currency and show on a percentage basis, as well as many more granular insights.
— Is Jade secure?
As with all our products, Dropil is devoted to maintaining the highest possible security for Jade. All transmission of API keys via the Jade portal are encrypted and then stored encrypted as well on a secured server. In addition the setup wizard will instruct and recommend that users take the extra precaution of not allowing fund withdrawal via API and ensuring all account access requires 2FA.
— How much does it cost?
Jade is a premium product that can be paid for via Drops on either a recurring monthly or annual basis. In addition to discounts for annual enrollment there are a few other incentives available such as referrals and MDC (million Drops club) member discounts.
Final pricing will be announced closer to launch, however we can disclose the generous referral program details presently. All Dropil users may generate and share a unique referral code that can be given out as many times as you want.
Users may apply a Jade referral code to their Dropil account which will activate a lifetime 10% discount off the full price of their Jade subscription. Users that share their referral code will receive 10% of ALL Jade payments made by their referred users. Yes, Jade can be used for free if you have enough referrals and even pay you additional Drops on a regular basis.
Just a friendly reminder that crypto trading involves a high degree of risk, and is not suitable for everyone. Before deciding to trade crypto on your personal trading account using the Jade software, you should carefully consider your financial objectives and risk appetite.
We feel that Jade is the perfect product for those wanting more control and visibility while still taking advantage of round the clock trading taking place on your account via bot trading. Designed with ease of usability in mind we know you will find Jade to live up to the Dropil name and expectations.
Jade is currently under heavy development and Alpha testing with an aggressive timeline to move to Beta testing very soon. Official launch of Jade will follow the completion of Beta testing. Stay tuned!
Thank your for Attention❤