Bit-Z spends 20% of its quarterly revenue on buyback each quarter. And the repurchased BZ will be destructed. Bit-Z has destructed all the BZ repurchased in the first quarter of 2019 amounting to 4,615,384 BZ.
BZ circulation information
Total supply amount：1,200,000,000 BZ
Current supply amount：1,182,226,721 BZ
Total destruction amount：17,773,279 BZ
Total circulation amount：154,726,721 BZ
Current Supply amount=total supply amount - total destruction amount
Total circulation=total market amount - total destruction amount
Total market amount=trading and mining rewards（146,000,000 BZ）+ BZ dividend（Accumulated dividends as of April 30, 2019:25,500,000 BZ）+ risk control fund（1,000,000 BZ）
Total destruction amount=destruction amount in 2018 Q4（13,157,895 BZ）+ destruction amount in 2019 Q1（4,615,384 BZ）
Destruction amount in 2018 Q4: 13,157,895 BZ
BZ first quarter repurchase destruction announcement:
Risk reminder: Cryptocurrency asset is a kind of innovative investment product with volatile prices. Bit-Z serves as a neutral trading platform, established only for providing convenience for cryptocurrency enthusiasts trading cryptocurrencies, and assumes not liability of guarantee of or compensation for investment value of coins. Please make rational estimation on your investment ability and make prudent investment decisions.
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May 10, 2019