BitMax.io (BTMX.com) will utilize principal capital to conduct a $300,000 buy-back program of DEEP to support market stability and promote further engagement for the BitMax.io community. The initial buy-back of $300,000 worth of DEEP tokens will last for the next seven (7) days.
Transparency is one of the core values to BitMax.io’s mission of building an institutional-grade platform. This buy-back initiative comes as a response to the DeepCloudAI team’s announcement of strategic investments resulting in an increase to the originally communicated circulating supply of tokens.
The exact quantity of DEEP custodied at BitMax.io can be monitored at all times at the following public addresses:
The outstanding circulating supply can be broken down into three distinct categories: (1) DEEP provided to satisfy commitments from public sale investors, (2) DEEP provided to presale investors, and (3) DEEP provided to the BitMax.io team to support exchange-related activities. See the below table for a detailed breakdown:
All tokens purchased as part of BitMax.io’s $300,000 buy-back program will be transferred and permanently locked in an external wallet; thus, removing the tokens from circulation. The BitMax.io team hopes these efforts demonstrate the platform’s steadfast commitment to its loyal community.
Please stay tuned for future announcements of additional token buy-backs, as well as an upcoming announcement regarding the next public sale to be hosted on the BitMax platform.
Thank you for the continued support.
July 24th, 2019
BitMax Official Group: https://t.me/BitMaxioEnglishOfficial