The specific details of the scheme are as follows:

1. HBC repurchase destruction and airdrop reward mechanism: cancel the daily 10 times PE repurchase, and adjust it to quarterly 100% profit repurchase. The source of repurchase funds is the full profit of the Hobbit Exchange + the full profit of the Coin Nuclear Cloud (thank you here for helping to promote the Coin Nuclear Cloud SaaS exchange and recommending corporate customers). The repurchase funds will be used to repurchase HBC in the secondary market every quarter, and all HBCs from the quarterly repurchase are distributed according to the following plan:
(1) Destruction of deflation mechanism: 80% HBC direct destruction;
(2) Captain locking reward: 20% HBC airdrops to all Hobbit Captain reward accounts to lock the position, and unlock it every day according to the captain's performance. The specific allocation method is: 15% Distributed according to the proportion of the captain's performance in the quarter to the total performance of the captain in the quarter. The other 5% is divided equally by the number of captains, but only captains who maintain the captain's identity for one quarter and whose quarterly performance is not less than USDT can receive airdrops;
(3) HBC unlocking rules for locking reward accounts: The captain can unlock the performance contribution on a day. For each performance of 1 USDT of equal value, the HBC with an equivalent value of 1 USDT can be unlocked at the closing price of the day. The unlocked HBC is free to circulate in the wallet account.

2. The HBC locked token circulation mechanism held by the team and investors: retained in the locked account. When the platform business grows to a certain scale and the HBC currency price rises to a certain price, you can vote on whether to initiate an internal repurchase according to the community proposal. Once the vote is passed, each quarterly repurchase will be used to repurchase the locked HBC held by the team and investors. The HBC obtained from the repurchase will be destroyed as the HBC obtained from the secondary market repurchase.

3. Captain's performance statistics rules: Maintain the original Captain's performance calculation rules. The main sources of performance are:
(1) The entire transaction income generated by the captain himself on the Hobbit platform, income performance = (transaction fee generated - invitation rebate);
(2) All transaction income generated by the captain directly and indirectly invites users at both levels, income performance = (transaction fee - invitation rebate);
(3) 5% of the total performance of the invited captain in the quarter;
(4) Invite new users to recharge and transaction amounts exceed USDT and complete the second-level KYC, and obtain 30 USDT performance points;
(5) Invite new users to become the Hobbit Captain for the first time and last for one quarter, earning 300 USDT results;
(6) The captain invites registered users and receives a reward of recruiting new users or captains, 20% of the rewards that the captain can receive;
(7) Feedback a new question and put forward a new suggestion. After being adopted, you can get 150 USDT performance points.

4. Acquisition and exit of captain qualifications: Starting from 8:00 on February 9 (UTC+8), any user who registers and completes the second-level KYC will automatically obtain the Hobbit captain status the next day when the total amount of HBCs held in the wallet account reaches 500. When the total amount of HBCs held in the captain user's wallet account is less than 500, it will be deemed to have waived the captain qualifications. The system will automatically revoke and destroy the ununlocked HBCs in the lock-up reward account. The recycled and destroyed HBCs cannot be restored.

5. Benefits after obtaining the Hobbit Captain's qualification
(1) Higher rebate: Enjoy spot 40% transaction fee rebate + contract 30% transaction fee rebate;
(2) Lower handling fee: Automatically get VIP Level 1 handling fee discount;
(3) transactions to obtain HBC: 20% of the quarterly repurchase HBC airdrop, participate in daily transaction unlocking activities;
(4) HBC coin mining income: HBC held in the wallet account can obtain the node staking share of HBTC Chain every day;
(5) 1-to-1 Community Manager VIP Service.

6. After the new token model is launched, the HBC processing solution for locking the existing reward account for the Hobbit Captain

Because these tokens are performance reward tokens and are not circulated in the secondary market, they cannot be made into secondary market circulation tokens after adjusting the token model. After there is no daily repurchase and application for sale mechanism in the future, this part of the tokens will lose its circulation channel. Therefore, we solve the coin holding rights of this part of non-circulating tokens through the following methods:

(1)HBCs with restrictions unlocked in the reward account: The platform will follow the 5-day average price of the HBC/USDT trading pair on the day of voting (4.021 USDT), using USDT to repurchase all on February 9 (UTC+8), and all HBCs obtained from the repurchase were destroyed.

5-day average price formula=sum of closing prices for the last 5 consecutive trading days ÷5=(5.229+3.823+3.859+3.843+
3.350)/5=4.021

Reward account locked ununlockedHBC: Start the captain's exclusive transaction unlocking HBC activity. For every USDT of performance generated by the captain, the captain releases an equivalent value of 1 from the reward account USDT's HBC system counts and automatically unlocks it to the wallet account for circulation every day. Just like the previous holding qualifications for locked tokens, you need to maintain the captain's qualification to hold this part of the token. If a captain loses the captain's qualification because of insufficient number of holdings of HBCs, the system will automatically recycle and destroy this part of the reward locked HBC.