BTB Dual-Cycle Burn Mechanism Officially Launched
Dear BitTap Users and the Global BTB Community:
To further optimize the BTB supply structure and continuously enhance the BTB tokenomics model, BitTap has officially executed a new round of permanent BTB burns.
This round permanently burns a total of: 21,609,972.52685 BTB
At the same time, BTB will officially establish a dual-cycle burn mechanism consisting of monthly trading fee burns and quarterly buyback-and-burns.
Moving from one-time burns to a long-term mechanism, this approach will continuously link BTB burns with ecosystem trading activity and platform development.
I. Permanent BTB Burn in This Round
- ICO Allocation Burn
Burn Amount: 21,535,921.0018 BTB
Tx Hash: 0xb766e1f979e6b94422e7d707318ab53d4e9bcdd9d5a9ec9655db6df6d7304249
- BTB/USDT Spot Trading Fee Burn
Burn Amount: 61,251.36 BTB
Tx Hash: 0xdf4c2efe0817a59051a9af96c704cb07d448668fd5593652f33921fff55828bb
- BTB Release Pool Trading Fee Burn
Burn Amount: 12,800.16505 BTB
Tx Hash: 0x31f1777e71833f42617404638d5eabdae73aac0cd409237ce22ba43edfcd6dfa
Total Burn in This Round: 21,609,972.52685 BTB
Public Burn Address:
0x000000000000000000000000000000000000dEaD
All BTB burned in this round has been permanently destroyed. The corresponding on-chain records are publicly accessible and verifiable.
This is not a lock-up, not a freeze, but a permanent removal from the supply.
II. Monthly Trading Fee Burn Mechanism
Starting from this round, BTB/USDT spot trading fees will officially enter a monthly public burn mechanism.
The platform will calculate the BTB fees generated from BTB/USDT spot trading on a calendar-month basis and conduct a unified public burn during the first week of the following month, with the actual burn amount and Tx Hash disclosed simultaneously.
Trading fees generated by the BTB Release Pool will also continue to be incorporated into the burn mechanism.
Trading continues, and burns continue.
III. Quarterly Buyback-and-Burn Mechanism
In addition to the monthly trading fee burns, BitTap will continue to implement the BTB quarterly buyback-and-burn mechanism.
Each quarter, 20% of the platform’s net trading fee revenue will be used to buy back BTB, and all BTB acquired through the buyback will be permanently burned.
The results of each quarterly buyback-and-burn will be disclosed simultaneously, including the actual buyback amount, burn amount, and on-chain Tx Hash.
IV. BTB Dual-Cycle Burn Mechanism
Monthly Trading Fee Burn
BTB/USDT spot trading fees will continuously enter the burn cycle.
Quarterly Buyback-and-Burn
20% of the platform’s quarterly net trading fee revenue will continuously be used for BTB buybacks and permanent burns.
As a result, BTB will officially establish:
Large-Scale Permanent Burns + Monthly Trading Fee Burns + Quarterly Buyback-and-Burns
One-time burns reduce supply, while the dual-cycle mechanism drives long-term deflation.
Let trading drive burns, and let growth drive buybacks.
BitTap Team