Dear Hoo users, 

In order to provide users with the demand for quality projects, Hoo Labs will launch the Dfinity (ICP) token sale on March 31, 2021 from 14:00 - 18:00. The project will be supported using the Super Invest model, and users's invest amount of Dfinity will be based on their 5-day average daily HOO position, total amount of 100,000 USDT to be invested!

The snapshot of HOO position starts from 00:00 on 26 March 2021 - 24:00 on 30 March 2021 (UTC+8).


Mode: Super Invest

Amount: 100,000 USDT

Reference price: 1 ICP= 50 USDT

Time: 14:00 - 18:00 on March. 31, 2020 (UTC+8)

Accepted coin: USDT (wallet account)

Minimum invest: 100 USDT

Maximum invest: 500 USDT

Requirements: complete KYC, VIP 1 or above


The amount is distributed as follows.



Project Listing details

1. Trading pair: FICP/USDT

2. Listing time: April 1, 2021 15:00 (UTC+8)


Note：

The ICP amount for Hoo Labs is the share raised by the channel, and Hoo will follow the official unlocking rules of the redemption for users, users will be notified of the latest progress in the form of hoo announcement.

ICP futures product FICP will be listed on April 1, 2021, 15:00 (UTC+8), listing price may fluctuate drastically, successful subscription amount will not be refunded, please participate with caution. As the project has not yet officially issued tokens, withdrawals are temporarily closed and users will be notified by announcement when withdrawals available.

The information and introduction of the projects mentioned in the Hoo announcement are from the internet source and may be inaccurate, please be noted of the investment risk.

Project Introduction

DFINITY is an infinitely scalable intelligent distributed cloud computing system and third-generation blockchain, and is highly compatible with existing Ethereum applications.

It has brought a series of cutting-edge cryptography and distributed system innovations, including THRESHOLD RELAY, probablistic slot protocol, USCID, etc.

It achieves the 3-7 seconds final confirmation of the public chain, which is 50-200 times faster than the current network based on the PoW workload proof mechanism.

At the same time, it introduces the blockchain nervous system in the governance mechanism, uses algorithms to manage the network, realizes the upgrade of the network without forks, and reverses hacker attacks.


Project Highlights

Dfinity uses Probablistic Slot Protocol, Threshold Relay, Uscid, Blockchain Nervous System and other technical goals to build a blockchain computing system with unlimited calculations and unlimited expansion.

By expanding and strengthening the EVM ecosystem, Dfinity provides applications with platforms with different characteristics, which conceptually belongs to the category of "Ethereum competitors".


Project Links

1. Official website: https://dfinity.org/

2. Whitepaper: https://dfinity.org/pdf-viewer/pdfs/viewer?file=../library/dfinity-consensus.pdf

3. Twitter: https://twitter.com/dfinity

4. Telegram: https://t.me/dfinity/

5. Medium: https://medium.com/dfinity

6. Facebook: https://www.facebook.com/dfinity.org

Funding Information

Total funding amount: Approximately $195 million. The details are as follows:

February 14, 2017: Seed round, with a total funding of 3.9 million Swiss francs (approximately 4.2 million US dollars). When the fundraising started, Dfinity’s fundraising soft cap was 1 million Swiss francs. The goal was reached in just 75 minutes.

24 hours after reaching the soft cap, about 3.9 million Swiss francs were raised at the end of the fundraising period, which accounted for 24.72% of the initial token distribution on the mainnet, and the fundraising cost was 0.0362 USD per token.

February 7, 2018: Strategy round, raised $61 million from Andreessen Horowitz (A16Z) and Polychain Capital, accounting for 6.85% of the initial token distribution on the mainnet, and the cost of fundraising was $1.8978 per token.

August 28, 2018: VC round, this round of financing raised a total of 102 million US dollars, led by Andreessen Horowitz (A16Z) and Polychain Capital, joined with SV Angel, Aspect Ventures, Village Global, Multicoin Capital, Scalar Capital, Amino Capital, KR1 and DFINITY community members, accounting for 4.75% of the initial token distribution on the mainnet, and the cost of fundraising was USD 4.5765 per token.


Total Supply and Token Allocation

Total supply: 469,213,710 ICP

9.5% - early contributors

24.72% - seed round investors

6.85% - strategic investors

4.75% pre-sale fundraising donors

1.25% - community airdrop

52.93% - foundation grants, team and partners


Risk Alert

All investments are subject to high market risk. Please make your investments very cautiously. Hoo will choose high-quality projects, but will not be responsible for any investment losses.
 

Hoo Team
March 29, 2021