The pre-sale for Bitrue Finance Token BFT, the token powering our hybrid CeFi / Defi Bitrue Financial Services, will finish a little later this week. BFT is an essential part of our future business plans, so if you haven't yet had a chance to take a look at the various discounts available to you in this sale then we fully encourage you to take a look before the sale concludes.
One of the concerns that we have heard coming from the community during this time is that existing BTR holders are not being adequately rewarded for their commitment and investment into Bitrue. After careful consideration of the situation, we have decided to reduce the Bitrue team's holdings of BFT by 50%, and give the other 50% to the Bitrue community. Please see the table below for distribution details.
|Reward Boost||BFT Generated per BTR per Month|
|Sep 2020||Oct 2020||5x||0.00925|
|Oct 2020||Nov 2020||2.5x||0.00463|
|Nov 2020||Dec 2020||1x||0.00185|
|Dec 2020||Jan 2021||
For the first two months of September and October, BTR holders will receive airdrops at elevated rates of 5x and 2.5x respectively. Afterwards and lasting until the total amount in the BTR Community Fund has sold out, the monthly airdrops will continue at the regular rate. The BTR Community Fund contains 175 million BFT.
We have updated our Bitrue Financial Services Whitepaper with a new version 1.1 to reflect the latest information. It can be viewed here.