Respected User:
Btex has upgraded the trading rules of BT on July 30, 2018. The new rules are as follows:
Trading mining:
1. Only trading fees of BTC, ETH, USDT count.
2. The platform will take snapshots of the trading fee every hour, and then 100% convert it into BT for accumulation according to the average price of BT in the past hour.
3. The platform will limit the maximum amount of mining for every hour. Orders after the maximum amount is filled would not be counted fro trading mining.
4. BT for trading mining rewards will be rolling matured after 24 hours
Depositing mining:
1. Users will be rewarded after depositing digital assets to BTEX.
2. We take snapshot of balances of BTC, ETH and USDT every hour on today, calculate the average value and in the next day reward back to users by BT .
For example, Alice deposits 10000 USDT at 17:15 today and keep the balance unchanged at 24:00, the BT she can get on the next day is calculated as:
(10000 * 7 / 24 * 1/1000) / BT average price today
3. Deposit mining reward will issued in every morning, users need to receive it manually, otherwise the reward will invalid after expired. Currently, only BTC, ETH, USDT count for deposit mining.
Inviting mining:
1. The invitee must use the inviter's invitation link to register, the inviter will be rewarded according to the invitee's mining output.
2. Users can view the number of invites and the exclusive invitation link on the page of "my coins".
3. The invitation bonus ratio will be dynamically adjusted according to the specific algorithm, by the range between 0% and 20%
Repurchase and destroy mechanism:
From now on, BTEX will no longer distribute the trading fee revenue, instead the revenue will be used to repurchase and destroy the distributed BT. The repurchase ratio in the first three months is 100%, and adjusted to 80% after three months. BTEX will publish the destroy records in time.
BT price change limit:
In order to prevent the BT price from changing suddenly and sharply, BTEX sets a increase and decrease limit for BT price ,which is dynamically adjusted.
The new trading rules will be effective immediately.
Thank you for your support of Btex!
Btex team
July 30, 2018
Btex community
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