The BiKi Exchange has repurchased 70 million of BIKI tokens in the past six months and it shall be burned on July 1, 2019 at a current value of more than 50 million RMB. Including this recent destruction, BiKi Exchange has cumulatively burned a total of 344 million of BIKI tokens, accounting for 34.4% of the total supply; and the total supply and circulation supply of BIKI tokens has been decreased to 656 million and 393 million respectively, and with the distribution for the Team and Foundation reduced to 263 million. In future, BiKi Exchange will repurchase BIKI tokens on a daily basis and burn them publicly on a quarterly basis.
The hash of this destruction is: 0xca78408dd88cec775f5dffe2ad820589f546a30b6d2f032a018ffd7ee473ccd4
The latest data can be viewed at the BIKI contract address: https://etherscan.io/address/0x6efb20f61b80f6a7ebe7a107bace58288a51fb34
BIKI token is the core value of BiKi.com Exchange, and is also one of the world’s most deflation-able digital currency with 100% of the fees pledged to repurchase and burn the token, while launching the Community Partner Program to boost traffic influx, protect our community, expand consensus, and eventually to reduce the total supply and circulation supply gradually. With the decreasing supply, the demand will increase hence creating an extremely deflationary economic ecology. We believe that only with an extreme deflation, it will form a positive cycle to gather enough resources together to build the BiKi Exchange into the world’s top exchange.
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