BKEX Global decides to change the BKK quarterly burning mechanism to BKK weekly burning mechanism, and opens transparency system of repurchase fund pool.
Rules of buyback and burn:
- A buyback cycle is each week (Monday to Sunday). The 70% of the transaction fee of the previous phase to buy back BKK from the secondary market during that phase;
- The BKK repurchased in each cycle will be burned in the next cycle;
- The burning mechanism will be terminated until the BKK amount is burned to a total of 80 million;
- The weekly burning mechanism will start on October 19, 2020.
- The detailed data of each burning will be published in announcements.
BKK, the BKEX platform token, is a one of most important parts of ecology block of BKEX Global strategic deployment, and our team will add its applicable scenarios continuously and build complete value system.
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