In the past 10 months, compared with the early investment prices, private sale investors have gained a lot of profit in the continuous rise of BHT price; however, each round of token unlocking has impacted the market price of BHT. In order to stabilize the market and support the development of various businesses within the BHEX ecosystem, the BHEX team has reached a consensus with the private sale investors based on the terms of the private sale agreement. The token unlock (last round) that will take place on August 29 will distribute the tokens to investors according to plan B. A total of 31,423,000 BHTs will be distributed with this unlock, 20,200,500 of which is unlocked by smart contract, 11,222,500 of which was bought back from secondary market thus will not increase the BHT circulation.
After completing this adjustment on August 29, the remaining locked private sale BHT (contract address 0x53fd248Ee3B482052Ffa3632ba1f84db32e98206) has a total of 101,002,500 BHT, of which 11,222,500 BHT will be destroyed after unlocking, and the remaining 89,780,000 BHT will not enter into secondary market in the future. These restricted circulation tokens held can be used to participate in BHEX Chain node pledging and voting. Institutions can gain income by participating in such events according to the number of BHT held.
The risk of currency fluctuations brought about by this adjustment should be treated with caution by relevant BHT investors and holders.
27 August 2019