What Will Happen to the Fan Tokens Listed by Bitexen?

0

Turkey’s largest product variety Some of the fan tokens listed on crypto-asset trading platform Bitexen are undergoing conversion.

Already listed on Bitexen 15 fan token as part of token economies exchange May 23, 2022 at 12:00It goes into transformation. May 24, 2022 at 12:00The tokens listed below after 1 million pieces they will be opened for processing again to be fixed.

Listed on Bitexen with the process to be experienced:

  • Adana Demirspor IRON,
  • Kayserispor KYSR,
  • Sakaryaspor SKRY,
  • Sivasspor SIV,
  • Antalyaspor SCORPION,
  • Diyarbekirspor LAND,
  • BB Erzurumspor ERZ,
  • Balikesirspor BLKS,
  • Sanliurfaspor URFA,
  • Giresunspor GRS,
  • Rizespor RIZE,
  • Yeni Malatyaspor YMS,
  • Vanspor VAN,
  • Hatayspor HATAY,
  • Tuzlaspor TUZLA tokens will be exchanged.

Why are tokens converted?

Fan tokens of clubs that compete in different leagues and show independent sporting performances listed on Bitexen, in their current form. with different supply rates was released to the market. Following the transformation that will take place within the scope of the token economies exchange, the supply of the aforementioned 15 fan tokens 1 million pieces will be changed to . In this way, fans and investors will be able to evaluate the token they trade more effectively in proportion to the performance of the club. While the amount of supply ceases to be a determining criterion on token prices, all fan tokens will better reflect the performance of the clubs they represent.

How much of a supply change will there be in each club’s token?

Maximum supply of fan tokens to be converted:

  • IRON 500 million from pcs to 1 million,
  • KYSR 138 million from pcs to 1 million,
  • SKRY 154 million from pcs to 1 million,
  • SIV 58 million from pcs to 1 million,
  • SCORPION 77,777,777 from pcs to 1 million,
  • LAND 210 million from pcs to 1 million,
  • ERZ 250 million from pcs to 1 million,
  • BLKS 10 million from pcs to 1 million,
  • URFA 63 million from pcs to 1 million,
  • GRS 28 million from pcs to 1 million,
  • RIZE 53 million from pcs to 1 million,
  • YMS 44 million from pcs to 1 million,
  • VAN 6.5 million from pcs to 1 million,
  • HATAY 31 million from pcs to 1 million,
  • TUZLA 10 million from pcs to 1 million will be downloaded.

What will happen to investors who have fan tokens after the token conversion?

After the change in the supply of the fan tokens to be converted, the current tokens of the investors who have the mentioned tokens in their wallet:

  • The amount of tokens in the wallet for DEMIR/500,
  • Number of tokens in your wallet for KYSR/138,
  • Number of tokens in your wallet for SKRY/154,
  • Number of tokens in wallet for SIV/58,
  • Number of tokens in your wallet for Scorpio/77.7,
  • Number of tokens in your wallet for DIYAR/210,
  • Number of tokens in your wallet for ERZ/250,
  • Number of tokens in your wallet for BLKS/10,
  • Number of tokens in your wallet for URFA/63,
  • Number of tokens in your wallet for GRS/28,
  • Number of tokens in your wallet for RIZE/53,
  • Number of tokens in your wallet for YMS/44,
  • Number of tokens in your wallet for VAN/6.5,
  • Number of tokens in your wallet for HATAY/31,
  • Number of tokens in your wallet for TUZLA/10 will be rearranged.

For example in your wallet 500 IRON rate for DEMIR after conversion in an investor’s account 500 because 500/500 = 1, in other words 1 IRON token will be found. in your wallet 280 GRS in an investor’s account, the rate for the GRS after conversion 28 because 280/28 = 10, i.e. 10 GRS token will be found.

The reduction of the supplies to 1 million, after the reduction of the amounts in the hands of the investors in direct proportion to the old supply amount. The prices of tokens will increase at the same rate. For example GRS price before conversion from 1 TL the rate applicable to the GRS after conversion, if the 1 TL* 28 = from 28 TL will start trading. The same transaction converting for all tokens will be valid.

What will the new circulation plan of 1 million tokens include?

After the maximum supply of 15 fan tokens that will enter the conversion process is updated to 1 million, each token’s renewed whitepaperof your tokens Circulation and incineration amounts by years will be found. The new rates will be available on the whitepapers of the tokens.

For example, for the DEMIR token, published on the whitepaper circulation plan:

will be in the form.

All developments regarding the supporters and social tokens listed on Bitexen can be accessed through the Bitexen Club, the platform where the processes and campaigns of tokens meet.

source site-9