BitMart Exchange
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BitMart Exchange

BitMart Completes the 19th Monthly BMX Burn

Dear BitMart Users,

As stated the “Repurchase Mechanism” in our white paper, BitMart has used 20% of the income earned from trading fees from December 20th, 2019 to January 19th, 2020 to repurchase and burn 3,729,988.158977453 BMX (approx. 79,076 USD). The Repurchase Mechanism will continue until 500 million BMX are burnt, thus reducing the total supply of BMX.

We have completed this round of BMX burn. You can check the burn records via the blockchain browser: https://etherscan.io/tx/0xa423838257b8a79b38083071b400b1fa5b89d34c43a97a16fe0f69f5b2c43a7c

Thank you for your support!

BitMart Team

February 11, 2020

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