[Attention] The world's first professional blockchain asset trading platform for trading and mining will be officially launched.

from: bfx pubdate: 2018-07-16 16:58:16

As the world's first professional blockchain asset trading platform to open trading and mining, BFX is committed to improving the industry ecology, providing the most professional contract trading service for global enthusiasts, and creating a fair, just, and open trading platform, so that "burned position maliciously” can disappear from contract transactions completely!

Ⅰ Introduction of platform token - BFX 

BFX (Token) is a token issued and managed based on the blockchain ERC20 at the beginning and it is the only token. BFX will support BFX's global business and all its products. It’s total circulation is 1 billion and 50% is rewarded to users through “mining”.

Ⅱ Mining instructions

1. Mining module: all contracts in the station, opening or closing positions can be mined to obtain BFX

2. BFX bonus rule: the trading fee generated by users will all be rewarded back to themselves in the form of BFX in real time according to the current mining difficulty.

3. Quantitative Trading: In order to provide better trading liquidity to platform users, we introduced quantitative trading. As quantitative trading is fee free, and we want to provide equal trading opportunities for all trading users, the quantitative trading does not participate in the activity of trading and mining.

4. Mining opening time: 14:00, July 18th, 2018

5. BFX (token) rules of mining difficulty

500 million BFX are rewarded as bonus through mining and the difficulty of mining is divided into 10 stages. If the former stage is mind up, the latter stage will be opened automatically.

The handling fee for mining will be converted into BFX according to the current mining stage, and will be distributed to the corresponding account in real time.

Stage     Bonus quantity     Bonus ratio    

1st stage   50 million        every 0.015 usd handling fee is generated, 1 bfx will be rewarded.

2nd stage   50 million        every 0.03 usd handling fee is generated, 1 bfx will be rewarded.

3rd stage    50 million        every 0.06 usd handling fee is generated, 1 bfx will be rewarded.

4th stage    50 million         every 0.12 usd handling fee is generated, 1 bfx will be rewarded.

5th stage    50 million         every 0.24 usd handling fee is generated, 1 bfx will be rewarded.

6th stage     50 million        every 0.48 usd handling fee is generated, 1 bfx will be rewarded.

7th stage     50 million        every 0.96 usd handling fee is generated, 1 bfx will be rewarded.

8th stage     50 million        every 1.92 usd handling fee is generated, 1 bfx will be rewarded.

9th stage     50 million       every 3.84 usd handling fee is generated, 1 bfx will be rewarded.

10th stage    50 million        every 7.68 usd handling fee is generated, 1 bfx will be rewarded.

6, Opening rules of the other 500 million BFX

The amount of mining output on the day of trading is equivalent to the release of the amount of frozen ones. For example, if 10 million BFX is traded and mined in the first day, then 10 million BFX in the frozen 500 million will also be opened. The frozen three parts will release 10 million rebates according to their respective proportions. :

(1) 30% is for the management team, i.e. 300 million. It will be held by the management team for long-term and will not be circulated into the secondary market. The holders have the right to get bonus during the frozen period according to the bonus rule.

(2) 10% is for community promotion and marketing, i.e. 100 million. It will not be listed and circulated within one year, and will be circulated one year later. The circulation will be divided into 5 years, and each year for 20 million, and the circulation will be announced one month in advance. The holders have the right to get bonus during the frozen period according to the bonus rule.

(3) 10% is for institutional cooperation, i.e. 100 million. It will not be listed and circulated within one year, and will be circulated one year later. The circulation will be divided into 5 years, and each year for 20 million, and the circulation will be announced one month in advance. The circulation must be announced one month in advance. The holders have the right to get bonus during the frozen period according to the bonus rule.

Ⅲ Bonus rules of trading fee

80% of the trading fee income is rewarded in the form of USD to users who hold platform tokens, and another 20% is rewarded as invitation bonus. Incoming rebate ratio of 20% of the user's transaction fee rebate will be rolled back to the daily pool of the total fee to be rebate to the full station holder.

Ⅳ Opening time of BFX (token) trading: 10:00, July 20th, 2018

Ⅴ The first time for BFX bonus time: 12:00, July 20th, 2018

Ⅵ The bonus time and statistical interval of the bonus after the first time

1. The total trading fee generated by the former day from 12:00:00 to the day at 11:59:59 will be rewarded to the users at 12:00 on the day.

2. The settlement basis is according to the BFX (token) quantity of trading fee by 11:59:59 of the day's deadline.

Ⅶ Invitation bonus

Users can promote according to their own invitation links, and the max bonus rate is 20%. In addition to direct invitation bonus, the platform also creates an indirect invitation mode. The platform will use the big data analysis to reward users indirectly. The bonus will be settled in real-time in the form of USD and will be distributed to the user's corresponding account.

For more information, go to the latest announcements on this site or the white paper.

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July 14th, 2018