The 88BTC Welfare Fund program is expected to close on August 14, And BUTs matured will return to the accounts in the user platform within 3 working days after the expiration. Upon expiration, the BUTs matured may be used to purchase BUT Linghuotong products or other actively quantified fund products.
For the Alpha quantitative fund issued by this time, the minimum subscription amount is USDT 150,000, and BUTs holders have preemptive right and can subscribe directly with BUT. The starting point of subscription is 1 million BUTs.
The investors shall know that this fund is based on USDT standard and the proceeds are calculated based on USDT. The BUTs subscribed will be converted into USDT share based on the average price of BUTs confirmed before 24 hours, and the return will be settled by USDT.
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