Announcement about BigONE’s first time repurchase and destroy ONE in 2019

Dear BigONE users,

The first half of 2019 has just passed. We would like to introduce the situation of ONE Ecosystem profit and our plan for the first time repurchase and destroy ONE in 2019.

According to 《BigONE Repurchase and Destroy ONE Plan》, BigONE has calculated 2019 first and second-quarter profit of ONE ecosystem on July 1, 2019. 

According to 《 The introduction of ONE Ecosystem》, besides the exchange business, the projects in ONE ecosystem include OTC, PoS mining pool, Mixin Node Ecosystem, and info.

Among them, since BigONE charges no trading fee for OTC, there is no profit from OTC. The info project also doesn’t have profits now. As to the PoS mining pool, the EOS mining pool has a loss of 15,983 EOS for BigONE subsidizes users. Because other mining pools have just run for a short time, there is a small loss after deducting the prior investment. Thus, the profits used to repurchase this time are mainly from Mixin Node Ecosystem.

In order to reward our users for their long-time support, BigONE will take the loss of 15,983 EOS. Besides, 100% profits of the Mixin Node Ecosystem will be used to repurchase.

After calculation, the total amount for this repurchase is 300,362 USDT.

As mentioned above, BigONE team will repurchase and destroy ONE with 300,362 USDT in July 2019.

From now on, we will calculate the profits of ONE ecosystem every quarter to repurchase and destroy ONE.

Thanks for your continuous support and love.

BigONE Team

July 3, 2019