In response to the " HBC daily repurchase Rules of Quoting PE Price" community vote, which ended at 12:00 on May 30, Singapore time (UTC+8), a total of 140 HBTC captains participated in the vote.
As a result, the " 80% of the revenue will be used for the limit order of 10x PE repurchase, 10% of the revenue is to be used for Market Order PE repurchase and 10% of the revenue is will be used for the limit order of 5x PE repurchase" proposal won with a 92.86% approval rate,
The HBTC platform will implement the rules of the repurchase plan from June 9 (UTC+8).
HBTC will use the business revenue generated for the day and conduct a daily repurchase of HBC on the following day in the secondary market from HBTC Exchange. 80% of the business revenue from HBTC Exchange will be used for the limit order of 10x PE repurchase, 10% of the business revenue from HBTC Exchange is to be used for Market Order PE repurchase and 10% of the business revenue from HBTC Exchange will be used for the limit order of 5x PE repurchase.
HBTC generates a daily revenue of 7000 USDT this being the daily average revenue generated over the past 30 days. 80% of this daily revenue, 5600 USDT, is used for the repurchasing of 10x PE by placing a limit buy order at 1.2 USDT for 4666.67 HBCs on HBC/USDT trading pair until the order is fulfilled. 10% of the daily revenue which is 700 USDT will be placed as Market Order on HBC/USDT trading pair. The remaining 10% of the daily revenue of 700 USDT is used for a limit buy order for HBC/USDT trading pair at the price of 0.6 USDT for 1166.66 HBCs until the order is fulfilled.
Public link for voting results: https://www.hbtc.com/topics/vote/3
The final interpretation right belongs to HBTC
9 June 2020