BitUN Announces Buy-back Plan and Financing Earns BUC Mining Programme

News provided by

BitUN

Jul 16, 2018, 11:22 ET

SINGAPORE, July 16, 2018 /PRNewswire/ -- On July 15, BitUN held an online conference, officially announcing the BUC token buy-back plan, the Financing earns BUC mining Programme, and an upgrade to include more financing options.

Token Buy-back Plan

The BitUN team will buy back 420 million BUC from the secondary market at market prices starting at 10:00 on July 18 (UTC+8), accounting for 35% of the circulation (800 million public offerings + 400 million non-public offerings).

BitUN will open an account on the exchange offering BUC trading (Coinsuper and BitRabbit), and directly repurchase the platform token BUC in batches. BitUN will also open an exchange buy-back account [email protected], and update the buy-back schedule and quantity on the official website daily to receive community supervision.

Financing Earns BUC Mining Programme

The BUC repurchased by BitUN will be used to build a mining pool and returned to users through financing return.

  • Users can purchase financing products and enjoy the mining pool reward according to the financing income and index, with the possible maximum income of 100% of the equivalent financing income;
  • Users who hold a certain amount of BUC can enjoy the dividends of the BitUN platform (excluding financial income) according to the assets positions, and obtain the mainstream currencies, including BTC, ETH, etc.
  • The complete rules of "Financing earns BUC mining", as well as mining and dividend ratio will be announced after the buy-back. In the future, BitUN will listen to suggestions of community users, and adjust and optimize the rules accordingly.

Upgrade to Include More Financing Options

At present, BitUN mainly offers BTC, ETH mainstream currency financing and token BUC financing. After the upgrade, BitUN will offer more financing options, fully satisfying the needs of investors to include more currencies, including not only mainstream currencies of the market, but also more ICO currencies.

In addition, BitUN will continue to increase the variety of financing products to meet the needs of users with different risk preferences. On the basis of the previous fixed-term fixed-income financing products, BitUN will increase various financing products such as unfixed term financing, combined currency financing, variable income management, high-risk high-return project investment and wealth management, and hash rate contract investment.

More Info:

SOURCE BitUN

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