Since bitcola.io opened the "DU" coin mining, it has received a lot of attention from the market. The innovation of "DU" coin has also been recognized by many users, which once triggered the attention of the whole market. However, due to the rapid increase in the short-term market value of the previous drug coins during the growth process, the community eventually concentrated on arbitrage, causing major damage to the ecological construction of the DU currency. In order to rebuild the ecology of the DU currency and promote the long-term development of the platform, after joint research with the DU Coin APP, the following decisions will be made:
1. The DU currency will be the second platform currency of BitCola, and BCB will still be the first platform currency. BCB and DU coins will jointly undertake the future ecological development of BitCola. The DU currency holder's interest will be equal to the BCB holding interest, but the two will be applied in different scenarios.
2. During the period from October 19 to October 20, 2019, the market value management account will repurchase a total of about 4.5 million DU coins. We will destroy a total of 3 million “DU” coins in three stages. The first stage: 0.15 USDT, destroying 1 million. The second stage: 0.3 USDT, destroying 1 million. The third stage: 0.45 USDT, destroying one million. The remaining undestroyed parts will be used for market value maintenance management. The existing secondary market has a total circulation of about 5.5 million (excluding market value management accounts)
3. We will rearrange the BitCola and “DU” currency communities. Further promote the establishment of a new consensus and expand the ecological application of DU coins.
4. Further optimize the DU coin mining model and hold the BCB mining base computing level. Adjust the invitation power bonus, increase team rewards, etc. Specific details will be announced separately.
5, DU currency APP will directly be an important part of BitCola's ecological layout, its ecology includes recommended coins, quotes, information, wallets. After the DU coin app is launched, the BitCola cloud will be used directly as the infrastructure. Share data such as users and assets with BitCola. The DU coin APP will be officially launched in the first quarter of 2020. The application of DU currency will be further developed.
For official questions or other questions about DU currency trading or mining, please contact our official customer service. WeChat: colatothemoon
Risk Warning: Digital currency has a higher risk, BitCola will not endorse any project, and will not give users any investment advice. Investors are advised to buy carefully and pay attention to investment risks. BitCola does not assume any responsibility for guarantees, compensation, etc. for investment activities. Thank you for your support and trust!
October 21, 2019
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