To promote community transparency, HiBTC has been open the account statement of "Holders Pooled Fund" at 8:00 am on September 5, UTC time.
The HIBT held by the "Holders Pooled Fund" comes from two parts, among which:
- Part A refers to HIBT thawed according to equal proportion of mining output and the thawing amount equals to the value of(mining output/50%)*18%;
- Part B is the HIBT being repurchased in the exchange by "Holders Pooled Fund" with the accumulated dividend. At present, the fund has not carried out the repurchase operation.
HIBT in the "Holders Pooled Fund" account will be 100% locked in the fund account before the completion of mining and will not flow into the secondary market. The dividend that HIBT enjoys will be specially used for two aspects:
- During the operation of the FomoHIBT jackpot, the daily dividends of the "Holders Pooled Fund" will be fully invested into the jackpot as bonus;
- In addition to the dividends invested in the FomoHIBT jackpot, the other dividends enjoyed by the "Holders Pooled Fund" will be used to buy back HIBT in the secondary market.
After the completion of the mining, 100% of all assets (including HIBT and dividends) in the “Shareholders Sharing Fund” account belong to all HIBT holders, and the specific disposal plan will be announced in time after the completion of mining.
The right for final explanation is own by HiBTC. During the mining, we will optimize the above rules in accordance with the actual operation and the community member’s suggestion; the specific adjustment rules will be issued in the form of official website announcement.
Around the unique innovative model of HIBT, HiBTC will bring investors a better trading experience and more profit. Thank you again for your support for HiBTC; we look forward to working with you to create a better future! HiBTC will continue to provide you with better product and better service.