Dear CITEX users,
9 billion CITEX platform coin CTT has been destructed. The rules of destruction are as follows:
- Unreleased CTT held by community operations (including trans-fee mining), early investors, team and ecological fund has been destructed in a proportion of 90-95%;
- Unreleased CTT held by activity airdrop users has been destructed in 90%; considering that there would be little unreleased CTT (dozens of CTT) remaining after destruction, the platform has carried out a once-off release (airdrop release can be viewed under other records) and cleared the balance unreleased CTT.
The subsequent release rules for the balance unreleased CTT are as follows:
- Community operations (including trans-fee mining):
Approximately 50,000 CTT mining quota is expected to open every day, with adjustment to be made dynamically according to the actual situation.
- Early investors:
During the trans-fee mining activity, lock-up CTT held by early investors will be released at the same speed as trans-fee mining.
Release of each = (Mining quantity of the previous*0.1/5 00,000,000) * Total quantity held by the account.
Before the expiry of early investors’ contract, the release will be carried out according to trans-fee mining rules. After the expiry of early investors’ contract, 10% of the unreleased CTT (the unreleased CTT at the point of expiry) will be released once off; the balance portion will be locked up for another two years and released on a daily basis (daily release = balance unreleased CTT/730).
Thank you for your understanding and support!
July 15, 2019
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