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 second quarter of 2019 amounting to 3,690,000 BZ.
BZ Circulation Information（up to July 26, 2019）
Total supply amount: 1,200,000,000 BZ
Current supply amount: 684,307,071 BZ
Total destruction amount: 515,692,929 BZ
Total circulation amount: 158,182,071 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）
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)
+ early investors have unlocked (2,875,000 BZ)
Announcement On Partial Disposal And Unlocking of BitZ Token (BZ)
BitZ Token（BZ）Adjustment Notice：https://help.bitz.cm/article/100001452
BZ 2019 Q1 Token Burn Completed：https://help.bitz.cm/article/100000000
BZ 1st Quarter Token Burn Completed：https://help.bitz.cm/article/100000179
BitZ official WeChat：BitZExperience
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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July 26, 2019