Dear BitMart Users,

As stated the “Repurchase Mechanism” in our white paper, BitMart will use 20% of the income earned from trading fees of Q1, 2024 to repurchase and burn 2,637,063 BMX (approx. 949,342.7 USD) within 5 business days. The Repurchase Mechanism will continue until 500 million BMX are burnt, thus reducing the total supply of BMX. You will be able to check the burn records via the blockchain browser once complete.

Thank you for your support!

BitMart Team

Apr 17, 2024