We will be assisting the FinNexus team in the airdrop of Phoenix Token PHX to holders of the FNX token. For more context on why this airdrop is happening, please see the team's previous announcement.
A snapshot of the FNX in all Bitrue user's accounts was taken on May 17 2021 at 02:20:21 UTC. If you made no trades of FNX between this time and the time that trading was halted on Bitrue, you will receive PHX tokens at a ratio of 1:1.
If your net balance of FNX increased between the time of the snapshot and the suspension of trading, you will receive PHX according to the following formula: Net purchase price / 0.34 * net purchase quantity
If your net balance of FNX decreased between the time of the snapshot and the suspension of trading, you will receive PHX according to the following formula: Total FNX at snapshot time - net FNX sold between snapshot time and trading suspension time.
If you made a deposit of FNX to Bitrue after the snapshot time, they will not be included in the airdrop. Any rewards below 2 PHX will not be distributed, and users whose FNX balance is less than 1 will not receive the airdrop.
We have opened deposits for PHX starting on June 11th, and we will be able to complete the airdrop distribution today. We will open trading on a PHX/USDT pair on June 16th.
For more general information on this airdrop and coin, please consult the Phoenix Finance official blog.