After 5 days voting from BHEX communities (3pm, 17 July - 3pm, 21 July 2019). BHEX has received 100% passing rate about upgrade of BHT Buyback & Burn Mechanism.
The upgraded BHT Token Mechanism will be executed on 22 July 00:00am (UTC+8). BHEX will airdrop all rewards by 25 July to BHT holders account.
Introduction about upgraded BHT Token Mechanism
BHEX has achieved rapid development since the launch of Bluehelix Global Custody Chain, Blue Helix Exchange (BHEX.com), and the hybrid cloud exchange business (BHDM). Under the steady pace, BHEX has quickly grown in community building and the development of BHDM which highlight the value of our platform token – BHT. In order to make BHT better servicing and empowering Blue Helix ecosystem, according to voting result from community, BHEX has decided to upgrade the BHT token mechanism:
- BHEX business source of revenue:
- Bluehelix decentralized custody and clearing chain
- BHEX exchange revenue
- BHDM hybrid cloud exchange system revenue
- Buyback & Burn mechanism of BHT:
BHEX will use 80% of its profit to buyback BHT from the market and burn it quarterly until it burns 50% of the 2.1 billion BHT issuance, or 1.05 billion BHT. BHEX will remain 1.05 billion BHT to support businesses within the ecosystem.
- BHT usage and value:
BHT will be used as trading fee deduction, payment for BHDM hybrid cloud exchange system service, partner node reserve fund, OTC partner safety deposit, Bluehelix blockchain node election, node staking, users reward and etc.
21 July 2019