The total supply of BTX is strictly fixed at 20 million (20,000,000) and will run natively on Ethereum blockchain. This ERC20 compliant utility token can be used to pay for any fees on BITRADX, including but not limited to exchange fees, listing fees, and withdrawal fee.
A small fee (0.3%) of taker fee will be charged for each successful transaction made.
Every quarter, we will allocate 20% of the profit for the buy-back of BTX and destroy them until we have repurchased 50% of all BTX. All buy-back transactions will be announced on blockchain.
Repurchasing schemes reduce the supply; if demand remains the same or increases, this will lead to an increase in the price of BTX as well. Every transaction will be announced on blockchain.