Initial Distribution Program Regulation
This regulation establishes the general rules, criteria, and limits to be applied in the Allvor Initial Distribution Program.
Ripple account holders may receive a predetermined amount of ALV directly into their accounts under the terms of this distribution program.
1. Amount of ALV to be received
1.1. The amount of ALV to be received corresponds to the amount of XRP available in the user’s Ripple account at 1:00 (GMT 00) on March 28, 2018, according to the calculation performed by Allvor, ledger 37539810, increased by 30% from the same amount, added to the standard amount of 5,000 ALV, limited to the maximum amount of 1,000,000 (one million ALV).
1.2. This is how it works:
– If you had 500 XRP in your account, you could receive 500 ALV + 30% + 5,000 ALV, which would give you 5,650 ALV.
– If you had 1,000 XRP in your account, you could receive 1,000 ALV + 30% + 5,000 ALV, which would give you 6,300 ALV.
– If you had 20,000 XRP in your account, you could receive 20,000 ALV + 30% + 5,000 ALV, which would give you 31,000 ALV.
– If you had 1,000,000 XRP or more, you could receive 1,000,000 ALV
2. Requirement of adding the ALV trust line to your Ripple account
2.1. To receive ALV from the Allvor Initial Distribution Program in your Ripple account, you must first add the trust line for the ALV account in order to receive the payment.
2.2. Here is how to add the ALV trust line to your Ripple account.
3. Use the distribution application made available on the Allvor’s portal
3.1 The only channel to perform the ALV’s distribution under this Program will be through the application made available on the Allvor’s portal.
3.2. The user should enter the Ripple code in the appropriate field and click the button to see if the trust line has already been added. If the trust line has already been added, the user can request a payment, which will be done automatically.
4. Restrictions and limits
4.1. The maximum amount of ALV to be received in the initial distribution program is 1,000,000 ALV (one million ALV). In other words, accounts with 1,000,000 XRP or more can receive up to 1,000,000 ALV.
4.2. The delimitation of the ALV amount to be distributed only considers the XRP balances actually allocated in the Ripple accounts at the time of the calculation, therefore it does not consider XRP balances deposited in accounts of brokers and operators. So, the distribution program only counts amounts of XRP that were in individual Ripple wallets at the specified date and time.
4.3. This distribution program will have a limited duration, at Allvor’s discretion, and will be effective until a date to be subsequently disclosed by Allvor on its website.
4.4. The amounts established for this Initial Distribution Program cannot be changed by any means, request, manifestation or objection.
4.5. Allvor reserves the right to suspend, change, adjust or remodel this program at any time.
4.6. By participating in this Program, the user assumes that agrees to the rules, procedures, and limits set forth in this regulation.
4.7. All matters not provided for in this regulation will be assessed by the Allvor team and reported on the portal.