MXC held a voting to seek our community member’s opinion on the “Buy-back and burn ratio of MX” starting at 8:00 am, June 30. Till 16:00pm, June 30, the voting ended. A total of 15932 MXC community members participated the voting, and many others expressed their opinions on MXC community groups or posted suggestions under our official microblog. The MX used for the voting will be returned to your account soon. The voting results are as follows:
Support “Burn All”: 32612463 MX, a proportion of 78.98%
Support “Retain Dividends”: 8680761 MX, a proportion of 21.02%
MXC will support the majority user’s opinions and execute the “Burn All” scheme. That is to say, as of July 1, 2019, MXC will use 100% of profits from trading fees for MX buy-back and burn each month, and abolish the dividend model at 24:00, June 30, 2019 (MX holders will get the dividends for the last time after 24:00, June 30).
The Specific MX Buy-back and Burn Scheme:
- Money used for buy-back: 100% of profits from trading fee each month
- Buy-back Time: As of July 1, 2019, MXC will buy back MX from secondary market unregularly.
- Burn Frequency: Each month
- Burn Time: MXC will check its account and calculate the profits from trading fees before 5th of each month starting from August 2019. MXC will announce the amount of buy-backed MX of the previous month on 5th of each month.
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Enjoying your trade on MXC.
The MXC team
June 30, 2019