In accordance with Bibox whitepaper, our team shall attribute 25 percent of the net profit into repurchasing and burning BIX tokens every quarter. Based on the profitability, Bibox team will repurchase and burn 1,509,044 BIX tokens in the first quarter of 2019.
In addition, incentive rewards distributed this quarter is 4,643,212 BIX. We will continue to increase BIX applications and reward events to feedback Biboxers with solid actions for your support and encouragement.
The repurchase is projected to be completed by 05/01/2019 (GMT+8). Bibox will issue the burning completion announcement then.
Thanks for your support on Bibox.