BigONE Has Completed 2019 Third Quarter ONE Repurchase and Destroy

Dear BigONE users,

The third quarter of 2019 has just passed. We would like to introduce the situation of ONE Ecosystem profit and our plan for the repurchase and destroy ONE of the third quarter.

According to BigONE Repurchase and Destroy ONE Plan, BigONE has calculated 2019 third-quarter profit of ONE ecosystem on October 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, info, BigDEX, and BigProxy.

Among them, since BigONE charges no trading fee for OTC, there is no profit from OTC. The info and BigDEX project also doesn’t have profits now. As to the PoS mining pool, the EOS mining pool has a loss due to our subsidy for users. Other mining pools have a thin profit. Mixin Node Ecosystem and BigProxy have a certain amount of profits.

After calculation, the total amount for this repurchase is 115,000 USDT. Thus, BigONE has repurchased and destroyed 32,006,679 ONE with the average price of 0.003593 USDT.

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

More info about ONE destroyed is as follows.

Total Supply：

Up to now, we’ve destroyed 6,650,925,645 ONE. The total supply now is 13,349,074,355 ONE.

Destroy Record

• 「Voting for Listing」Destroy

1. The first round of Voting for listing destroyed 49.71 million ONE 
2. The second round of Voting for listing destroyed 16.2 million ONE
3. The second round of Voting for listing destroyed 8.6 million ONE

• 「Repurchase with 100x Price」and Destroy

1. The First Round of Contribution Points Exchange Destroyed 1 million ONE 
2. The Second Round of Contribution Points Exchange Destroyed 1 million ONE
3. The Third Round of Contribution Points Exchange Destroyed 1 million ONE 

Early Destroy：

1. July 3, 2018, 1.1245 billion ONE destroyed
2. December 19, 2018, 5.369 billion ONE destroyed

• Quarter Profit Repurchase and Destroy：

1. July 25, 2019, Quarter profit repurchase and destroy 34,925,813 ONE
2. October 17, 2019, Quarter profit repurchase and destroy 32,006,679 ONE (this time)

• ONE Eco Fund Repurchase and Destroy：

1. August 12, 2019, repurchase and destroy 15 million ONE

Destroy Types

• 「Voting for Listing」Destroy: Destroy the ONE voted for the listed projects
• 「Repurchase with 100x Price」and Destroy: Destroy the ONE exchanged
• Quarter Profit Repurchase and Destroy: Destroy the ONE repurchased with quarter profits
• ONE Eco Fund Repurchase and Destroy: Destroy the ONE used to repurchase in order to build the ecosystem

There will be more destroy types in the future. Please wait patiently.

Based on the blockchain spirit and in order to achieve a win-win situation with our users, we will continue to provide better exchange services. BigONE is willing to work together with you to achieve the value realization of the blockchain and ONE!

Thanks for your continuous support and love.

BigONE Team

October 17, 2019