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 1,012,069 BIX tokens in the second quarter of 2019.
In addition, incentive rewards distributed this quarter is 2,299,054 BIX. We will continue to increase BIX application scenarios and reward events to feedback Biboxers for your support and encouragement.
The repurchase is projected to be completed by 07/31/2019 (GMT+8). Bibox will issue the burning completion announcement then.
Thanks for your support on Bibox.
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