Explanation of BT circulation:
51% of the total amount of BT, or "community incentives," is gradually distributed to trading users through the "transaction-mining" approach. The remaining 49% of BTs are "pre-releases" and are used by early seed users. , Funds, Partners, Teams, and Private Equity Investors.
The “Community Rewards” BT is released on a daily basis through mining. In order to ensure that all people receive equal income rights, we pre-freeze the BT of the “pre-release section” and unfreeze it according to the following formula: Daily thaw Quantity = Total amount of pre-issued BT* (Total output of mining on the previous day / Total amount of BT in community awards).
That is, the number of BT's circulation: The current cumulative total mining output / 51%.
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June 15, 2018