The tokens remaining unsold after the pre-ICO and ICO phases will be vested in a Bitex company account controlled by a smart contract. The smart contract will be programmed to release each month to the Bitex community 1⅔ % of the total tokens initially held. The released tokens may be distributed through airdrops, bounty Confidential and Proprietary. Bitex Global Co., Ltd., BitX Global Pte. Ltd. 37 offerings, lottery, advertisements, or used for development, partnership and infrastructure as decided by the governance committee.
The token price may fluctuate between USD 0.7 and USD 1.0 by the end of the token sale.
70% - public
15% - reserved funding
9% - founders and team
3% - advisors
1.5% - bounty
1.5% - campaign
47% will be spent on ongoing development of the Bitex, EZBitex, and BitexPay platforms;
17% will be spent on registration fees, legal and accounting expenses for building franchises in more regions where Bitex seeks to register its financial services;
13% will be spent on marketing ap physical locations (Kiosks and Retailers), the Web (through social media) and using cross-border payments partnerships;
10% will be spent on recruitment of a banking team with expertise in the financial industry;
8% will be spent on administrative expenses for running Bitex Global;
5% will be spent on investment in development of Bitex-related apps and platforms supporting the future expansion of Bitex