In order to better reflect the long-term value of BitZ Token (BZ), the Group Foundation decided to make the following adjustments to the BZ platform currency mechanism:
The original platform dividend fund, a total of 600 million BZ, accounting for 50% of the total number of BitZ Token (BZ), of which the unreleased part will be destroyed on June 1, 2019 (UTC+8). The daily dividends for users holding BZ will be cancelled at 00:00 on June 1, 2019.
From July 11, 2018 (UTC+8) to April 30, 2019(UTC+8), BZ dividends have reached 25.5 million BZ.BitZ will continue to spends 20% of its quarterly revenue on repurchase BZ and destroy every quarter, and BitZ has completed 2 quarters currently.
BZ destruction quantity(2019.06.01 UTC+8)=platform dividend fund - rading and mining rewards - BZ dividend（As of May 31, 2019, UTC+8）
Through this optimization, he BitZ Group and the BitZ Token will continue to increasevalue in the future.
First quarter of 2019 BZ burn txid
BZ First quarter of 2019 token burn announcement
Fourth quarter of 2018 BZ burn txid
BZ fourth quarter of 2018 token burn announcement
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Risk reminder: Cryptocurrency asset is a kind of innovative investment product with volatile prices. BitZ serves as a neutral trading platform, established only for providing convenience for cryptocurrency enthusiasts trading cryptocurrencies, and assumes not liability of guarantee of or compensation for investment value of coins. Please make rational estimation on your investment ability and make prudent investment decisions.
Thank you for your support!
May 30, 2019