BitMart Completes 1st 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 June 20th to July 19th to repurchase and burn 1408459.6 BMX (around 70,422 USD). The Repurchase Mechanism will continue until 500 million BMX are burnt, thus reducing the total supply of BMX.

You can check the burn records via the blockchain browser:

https://etherscan.io/tx/0x02328732b3f93f86364cfadc50475bb4df8e28ba2af7b2edab301f07665aa63d

Thank you for your support!

BitMart Team

August 8, 2018

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