The Company will initiate the transformation exercise commencing June 2015. The member is allowed to request for withdrawal until 31st May 2015.
After the transformation of the UToken platform to the New Platform, UToken Cash and Bonus reward will be converted into Pre-IPO shares.
The existing Register Point and Activation Point will automatically be transferred into the new platform as New Registration Point. Registration of new member can only use registration points as 10% of the package to register. The remaining 90% as Activation Points must be purchased from the Company to complete the new registration process.
Example: New Platform
Member John: Registration Wallet = 1100 registration points
1 Star – 5000
10% of Package = 500 registration points
90% of Package = 4500 activation points purchase from the Company
Completion of registration process:
Balance Registration Wallet = 600 registration points
Existing Global Turnover Incentive (GTI) qualifiers will continue to enjoy one-year global bonus reward in the New Platform.
Thereafter, this GTI benefits will be removed from the GTI qualifiers. This benefit is limited to the GTI qualifiers from old platform only. The GTI Incentive bonus is not offered in the New Platform.
The allocation of the GTI bonus is stated below:
7 x 3 stars = 0.8%
7 x 4 stars = 0.6%
7 x 5 stars = 0.4%
The Company wishes all members an enriching and successful journey in our envisioned New Platform.
Making It Happen
The Management