When users conduct transactions on BitMart, they will get a discount on the transaction fee if they have BMX, no matter what tokens they trade. Based on the current market value, the system will convert the amount to be paid into equivalent amount of BMX and then the payment will be made with BMX.

3.2 Repurchase Mechanism:

When BitMart is launched online, the BitMart team will take out 20% of the income earned from trading fees on the platform every month to repurchase BMX. The repurchased BMX will be destroyed completely and repurchase records will be released immediately. Users can check related information via the blockchain browser so that openness and transparency are guaranteed. The repurchase mechanism will continue to work until 500 million BMX are destroyed.

• BitMart 1st Monthly BMX Burn: 

  BitMart has used 20% of the income earned from trading fees from June 20th to July 19th to repurchase and burn 1408459.6 BMX (around 70,422 USD). The Repurchase Mechanism will continue until 500 million BMX are burnt, thus reducing the total supply of BMX. You can check the burn records via the blockchain browser:

  https://etherscan.io/tx/0x02328732b3f93f86364cfadc50475bb4df8e28ba2af7b2edab301f07665aa63d

  

• BitMart 2nd Monthly BMX Burn:

  As stated the “Repurchase Mechanism” in our white paper, BitMart has used 20% of the income earned from trading fees from July 20th to August 19th to repurchase and burn 4,876,406.58 BMX (approx. 150,437 USD). The Repurchase Mechanism will continue until 500 million BMX are burnt, thus reducing the total supply of BMX. You can check the burn records via the blockchain browser: 

  https://etherscan.io/tx/0xed594a8cd8f6962f7ac20acf44777100fe57ed3b649b9a56404f30e6dbb08803

  

3.3 Mission X

Users can invest in the next crypto unicorn with BMX, and earn unlimited trading fee dividends. Simply by choosing your preferred token and lock BMXs you can earn trading fee dividends. Projects will be listed on BMX Market when the total investment reaches 1 million BMX. 100% of the trading fees will be rewarded to project supporters based on the percentage of their invested BMX.

3.4 Vote For Your Coin

Users can participate in BitMart’s Vote For Your Coin campaign using BMX and help their favourite projects get listed on BitMart for free! Ever since the first “Vote for Your Coin” campaign launched in February 2018, BitMart has successfully conducted three rounds of voting campaigns. More than 50 projects actively participated in those campaigns. Until now, BitMart has listed four projects who received the most community support on BitMart Exchange for free! The Vote For Your Coin Round 4 is now live! 

4. Release Plan:

5. Use Of Funds:

The BitMart team mainly uses funds for daily operation, technical development, business expansion and so on.