B2BX, a leading professional digital asset trading platform, has unveiled a token buyback strategy which will involve buying back its own tokens.
The move follows an earlier announcement regarding the further reduction of trading commissions. The conditions offered by B2BX, especially for pairs with crypto and stable coins as a quote currency, are now among the lowest in the industry.
Previously, B2BX utility tokens were used to get commission discounts for end-users. As B2BX commissions have already been reduced significantly, the existence of the token itself has become meaningless, hence the decision to proceed with the buyback program to repurchase its B2BX tokens.
The buyback will be carried out in accordance with specified procedures and will be performed in the form of a ladder starting from the highest price to the lowest:
The B2BX team highly appreciates the commitment of B2BX token holders to the project. This explains why the buyback price on the first stage of the buyback is higher than the price of the initial coin offering in order for holders to be able to sell their tokens and make a profit.
B2BX token holders wishing to sell their tokens need to access the B2BX exchange and go through KYC verification (usually takes 2-3 minutes) to receive Level 1 verification. Users can then go to the trading platform from their trader’s room and place sell orders on the B2BX/USDT pair.
IMPORTANT NOTICE: On 31st December 2020, the smart contract will be frozen after which holders will be unable to transfer tokens, hence it is vital to exchange them into another cryptocurrency beforehand. The freezing of the smart contract is irreversible so it will not be possible to relaunch it.
B2BX Exchange is a cryptocurrency exchange that offers crypto-crypto and crypto-fiat trading pairs. B2BX caters to both individual and corporate clients and offers institutional grade liquidity, various order types, advanced API (WebSocket and REST), multiple options of fiat deposits and withdrawals with security options such as wallets whitelist, 2FA, and KYC, with low trading fees.
Users who have any questions regarding the buyback can contact us via the Help Desk in their trader’s room or via e-mail: email@example.com
Disclaimer: This is a paid post and should not be considered as news/advice.