Bter Redeemed all the BTRX
We have bought back all the outstanding BTRX at the ratio of 1:1.1. After this month’s buyback, we completed the redemption at the price of 1 CNY /BTRX with a premium of 10%.
Our buyback price was always 1.1 CNY/BTRX regardless of the market price (which was as low as 0.5 CNY/BTRX) during the past four months, bringing a yearly yield over 100% for users who bought BTRX on the market.Despite of our effort to buy back the BTRX, we will do more to benefit the original BTRX holders (holders of BTRX not bought from market).
We are going to share about 0.5 to 1 million CNY every month from our profit among the original BTRX holders for a term of a year, starting from the next month.
Please note, as market is hard to predict, if our profit from a given month cannot afford the profit distribution due to the changing market, we will skip the distribution for the month and distribute it the next month.Check your asset on: https://bter.com/myaccount
P.S. BTRX market will be closed afterwards.