Reference to the announcement made pertaining to the Launch of HBC Mainnet and BHT Token Swap, HBTC will use 100% of the revenue and 80% of Bluehelix Cloud's profit for the 10x Repurchase-and-Burn scheme on a daily basis.
From April 20, the daily repurchase of HBC in the secondary market on HBTC Exchange with the formula (10x PE = HBC price / annualized revenue of HBC * 10), 50% of the HBC tokens attained from the daily repurchase will be shared amongst the 1,000 HBTC Captains who have pledged 1,000 HBC as a security deposit via airdrops.
When the number of Captains reaches 1,000, all accumulated HBCs from the daily repurchase will be released to the Captains at once and the daily distribution policy will then be initiated. (Revenue paid to the negative rate maker, invitation rebates and broker rebates do not fall into the token Repurchase-and-Burn scheme)
Below is the record of the daily repurchase made 8 May（GMT+8）:
|
Date |
Revenue generated from non-trading (USDT) |
Revenue generated from trading (USDT) |
|
8 May |
18830.73335412 |
5073.641274 |
|
Summary of 10x Repurchase (PE) |
|
|
Total revenue generated from fees (including revenue from trading gifts) (USDT) |
473279.95917429 |
|
30-day average revenue (excluding revenue from trading gifts) (USDT) |
18507.15392135 |
|
Total revenue generated from trading gifts (USDT) |
121644.03466863 |
|
Number of HBC attained from repurchased (HBC) |
159702.05 |
|
Amount used for HBC repurchase (USDT) |
382,854.12 |
|
Price of 10x Repurchase (USDT) |
3.2167 |
|
Price of 5x Repurchase (USDT) |
1.6084 |
|
Cumulative amount to be repurchased (USDT) |
48011.32536328 |
Repurchase Price Computation: Repurchase Price = Total revenue in the last 30 days * 12/21 million (BHC in circulation) * 10 (10x PE)
100% rebate on the trading fee from trades made on HBTC Exchange is excluded from the 10x Repurchase-and-Burn scheme.
HBTC reserves the final interpretation rights of the content.
HBTC Team
9 May 2020