Announcement on AOFEX OT (Option Token) Burning Details in Phase 1

Dear Users,

AOFEX exchange uses 20% of the fees profit per month to buy back OT from the secondary market and burn it.

Details of OT Burning in Phase 1 is published as follows:
Burning Time: July 31, 2020 15:20 (GMT+8)
Burning Amount：731,707 OT（about 1.714 million USDT）
Burning Address:

https://cn.etherscan.com/tx/0x8d21f75c3942c50048d8b9073e5a33292e7dc02604c9fb48073dc6f4261f0f6c

 

Burning Records:

As of July 31, 2020, AOFEX has buried 823,411 OT

Details:

Burning Times	Types of Burning	Burning Time（GMT+8）	Burning Amount（OT）
1st	New Project	July 2, 2020	31,172
2nd	New Project	July 23, 2020	60,532
3rd	Platform Buy-back	July 31, 2020	731,707

Total Amount of OT: 99,176,589 OT

(Total Amount of OT = 100 million OT - Buried OT)

Total Circulation of OT: 19,176,589 OT

(Total Circulation of OT= circulated OT-Buried OT)

Deflation Rate of Circulating Stock in This Month: 4.117%

(Deflation Rate of Circulating Stock in This Month=Burning Amount of OT this month 823,400/Total Circulation of OT last month 20 million)

Through the burning of OT, the number of OT in the market circulation was further reduced, and the deflation attribute of OT began to work, which promoted the stable appreciation and potential development prospect of OT.

The Functions of OT
OT users can enjoy the following rights and interests:
1.Deduction of fees
2.Project side margin
3.Rights and interests of OT holders
4.Rush purchase of new projects
5.Air-drop award
6.Opening and settlement of options
7.Chat room bonus
8. Buy back and burning every month;
9.Vote to go live coins (under test)
10.Preferential purchase of hot financial products (under test);
11.Get bonus rebate (under test);
12.Position and mining (under test);
13.Reduction of the advertising fee of OTC;
14.AP integration center;
15.Exclusive customer service.
*With the development of AOFEX 's global ecological construction and partnership, the functions and ecological rights and interests of OT will be launched. Please look forward to it.

OT (Option Token) is a digital asset issued by AOFEX platform based on ERC20. The total number of OT issued is 100 million, 20% of which are in early circulation, and the remaining OT will be used for incentive output of market users.

OT is used to continuously promote the construction and improvement of AOFEX ecosystem, covering all businesses of the platform worldwide. The functions of OT cover all products and rights and interests in the platform, including but not limited to: deducting fees, obtaining air-drop awards, preferential purchase of hot financial products, bonus rebate, mining, AP integration center, etc.

In order to better promote the ecological value of OT, the platform will establish a sound deflation mechanism, adopt the way of burning before output, and the amount of burning ≧ the amount of output. After the launch of OT, 10% community operation and 70% of the release mechanism of ecological construction will not be opened temporarily, and the specific launching time will be announced in the following announcement, including the specific release purpose, amount and details, so as to ensure that the circulation volume in the secondary market does not exceed 20% (20 million) of the total amount, until the total amount of burning reaches to 20 million.

Warm Prompt:

Digital asset is a high-risk investment product featuring by wild fluctuation, round the clock trading and so on. We highly recommend that users involve and invest very carefully after understanding the rules and risks. It is highly necessary to be aware of the risks by considering the experience and tolerance.

Thanks for your support!

AOFEX Team

July 31, 2020