In accordance with Bibox whitepaper, our team shall attribute 25 percent of the net profit into buying back and burning BIX tokens. Bibox team will buy back and burn 2,003,300 BIX tokens basing on the profitability of this quarter.
In addition, incentives distributed this quarter is 5,577,062BIX. We will continue to increase BIX applications and incentives events and reward Biboxers with solid actions for your support and encouragement.
Buying-back is projected to be completed before 2018.08.10 (GMT+8), by which Bibox team will issue announcement accordingly.
Thank you for all the support.