BitZ spends 20% of its quarterly revenue on buyback each quarter. And the repurchased BZ will be destructed. BitZ has destructed all the BZ repurchased in the fourth quarter of 2020 amounting to 2,043,945 BZ.
Current Total amount= Total Issued amount- Total Destruction amount
Total circulation amount= total market amount - total repurchase destruction amount
Total destruction amount= total repurchase destruction amount + unreleased dividend fund destruction + the amount of the original early cofounder mutual fund that have been destroyed
Total repurchase destruction = the fourth quarter of 2018 (13,157,895 BZ) + the first quarter of 2019 (4,615,384 BZ) + the second quarter of 2019（3,690,000 BZ）+ the third quarter of 2019 (3,711,605 BZ) +the fourth quarter of 2019(1,043,478 BZ)+the first quarter of 2020 ( 1,852,911BZ) + the second quarter of 2020（ 1,453,265 BZ）+ the third quarter of 2029 (1,732,182 BZ) +the fourth quarter of 2020（2,043,945 BZ）
Total market = trading mining (146,000,000 BZ) + daily dividends (29,770,350 BZ of cumulated dividends up to May 31, 2019) + risk-control release (1,000,000 BZ)
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 no liability or guarantee of or compensation for the investment value of coins. Please make a rational estimation of your investment ability and make prudent investment decisions.
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