FAQ About BTXN Coin

FAQ About BTXN Coin

1. How many BTXN Coins will be produced in total?
Only 15 million BTXN Coins will be produced, and after this number is reached, no new BTXN Coins will be produced.
 
2. At What Price Will You Sell?
BTXN Coins are not sold by Bitexen to users for a fee, they are distributed to users free of charge. On BTXN Coin boards, users will be able to trade among themselves at the prices they determine.

3. To Whom Will BTXN Coins Be Distributed?
5 million BTXN Coins will be distributed to users who are members of Bitexen and have their accounts verified, and to users who refer to these users. The remaining BTXN Coins will be distributed to users through periodic campaigns and competitions.
After the distribution of 5 Million Coins, the BTXN Coin campaign, which was distributed as part of the membership and reference campaign, was completed as of 22.09.2020.

4. Will it be distributed equally to everyone?
More to the first users; The distribution method stated in the BTXN Coin Distribution and Repurchase Plan will be followed.​
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5. When will my BTXN Coins be transferred to my account?
During the day, the system will automatically check the user membership approval status and transfer BTXN Coins to approved users and reference users.

6. Can I See How Many BTXN Coins Have Been Distributed?
Yes, we publish the current amount distributed on the system and the current stage. Click here to view Distribution&Repurchase Information.

7. Can I See How Many BTXN Coins I Have Received For Users I Referred To?
Yes, you will be able to monitor how much BTXN Coin you have received for each user you refer to in your user panel.
 
8. How Much BTXN Coin Will You Get From Buyback Periods?
In each buyback period, we will announce in advance the amount of cryptocurrency we will use for the purchase. How many BTXN Coins we can buy will be determined by the prices on the trading boards. You can find detailed information from Distribution & Repurchase Information.

9. I Want to Own More BTXN Coins, Can I Buy in Bulk at a Certain Price?
Since BTXN Coin is not an ICO, we do not sell BTXN Coin as a platform, we distribute it for free. If you want to have more BTXN Coins, you can refer more of your friends, buy BTXN Coins from other users on BTXN Coin trading boards, or participate in prize competitions.
 
10. When Will Bitexen Buy BTXN Coins?
The start of distribution of BTXN Coins has been determined as August 1, 2018.

For 3 days following the end of each subsequent quarter, Bitexen will regularly purchase BTXN Coin at the market prices of the BTXN Coin boards it has opened, at 50% of its crypto-money income at that time, and destroy it on the Blockchain and put it out of circulation.

Regular purchases will continue as long as there are BTXN Coins that are still not bought and destroyed by Bitexen.

11. Will Bitexen Set a Ceiling Price While Buying BTXN Coins?
Until 14 million BTXN Coins are reclaimed, no matter how high the price is, purchases will be made from BTXN Coin trading boards, while the last 1 million BTXN Coins will be purchased, the average BTXN Coin price in the last 1 year will be determined as the ceiling price and an order will be entered.

12. What Type of Orders Will Bitexen Enter the Market During the Buyback Program?
As market maker and market buyer, purchases will be made by entering both types of orders.

13. When Should I Sell My BTXN Coins?
The BTXN Coin model is based on the principle that BTXN Coin gains in value as the transaction volume increases with the number of users and the amount of coins in circulation decreases with regular buybacks. You can keep your BTXN Coins for a long time for more profit, or you can sell on BTXN Coin trading boards as soon as the market price meets your earnings target.
 
14. What is the Difference of BTXN Coin Distribution from ICO?
ICOs, which have hundreds of examples in the crypto-currency market and whose main purpose is crowd funding, are to provide the necessary funds for their projects by selling the tokens they have produced on the blockchain for a certain price, within a certain calendar.

Some of the cryptocurrencies produced for the ICO are reserved for the founders and investors, and the rest is sold to users at a determined price. By purchasing these tokens, you are investing in a kind of project by funding. In case the project is successful, the tokens you own may exceed the value you have purchased, and you may gain profit, or in the opposite case, your investment may result in loss.

All of the BTXN Coins will be distributed to its users free of charge by Bitexen.

15. Will BTXN Coin Distribution and Redemption Conditions Change?
Bitexen reserves the right to change the BTXN Coin distribution and redemption conditions stated in this document, limited to the realization of the following situations:

Making legal arrangements that will directly affect Bitexen's crypto-currency trading platform activities, commission income and accounting,

On January 1, 2019, the amount of BTXN Coins distributed to users until that date was less than 1,000,000,

Bitexen undertakes to promptly inform its users about the renewed conditions when any of the above-mentioned situations occur.

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