After comprehensive planning and discussing, the platform officially released updated BUT token economic mechanism on August 13 from the perspective of maximizing the interests of the holders and enriching the BUT usage scenarios.
Before investing, you'd better have a full understanding of BUT, rationally judge the ability to invest, and make decisions prudently. The details of BUT token economic mechanism are as follows:
- Rebate plan of the revenue of index fund
Since August 18, the subscription fee, redemption fee, management fee and other fees of index fund purchased from BUT official website will be converted into BUTs in the form of repurchase, and all BUTs will be returned to the accounts of fund investors.
- Net repurchase plan of the corporate income
From August 18, 20% of corporate revenue will be used to repurchase BUTs on a regular basis. Those BUTs repurchased will be used to invest the partners of the company. The income generated when the future partners of the company exit will be used for repurchasing BUT again.
- Plan for cooperating with the third party strategy team
In addition to the funds held by the company independently, the company will present cooperation strategy funds on strictly auditing the qualification of the partners bases, and enrich the categories of investment. According to the scale of fund and specific cooperation mode, the partners will be required by the BitUP platform to provide and lock 2-10 million BUTs as guarantee deposit.
- Plan for sharing BUTs profit with the third party strategy team
With the third-party strategy team acting as the holder of funds issued by the investment advisors, 20% of the profit share of the strategy team will be used to repurchase BUTs, and pay the strategic team in the form of BUTs, and require a lock of 1-3 months.
- Plan for fund preemptive rights of BUTs Holder
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.
- BUT platform incomes double-augmented plan
Users possessing BUTs may recharge BUTs to the BitUP platform, and will be entitled to robust income after purchasing products with flexible term. The subscription period of the product is not limited, and the product can be purchased and used as you wish.
Thank you for supporting BitUP and we will continuously provide more excellent products and excellent service for you!