BKK buyback and burning mechanism

BKEX Global started the buyback and burning mechanism at 12:00 on June 16, 2019 (UTC+8). BKEX uses 70% of the handling fee generated by platform spot trading to buy back BKK and burn BKK regularly and the current burning cycle is weekly burning.

The details of buyback and burning:

• Every week (Monday to Sunday) is a buyback and burning cycle
• BKEX uses 70% of the handling fee generated by platform spot trading to buy back BKK irregularly and burn BKK
• The BKK bought during each buyback cycle will be burned within the next cycle
• The buyback and burning mechanism will be stopped when the BKK amount is burned to a total of 80 million