Dear Bitruers,
[Updated on 17 November 2022]
After hearing from the community and taking the feedback into consideration, Bitrue decided that it is only fair to reward these BMAX tokens to existing BTR holders for the 3rd and 4th airdrops. Following this decision, the 3rd and 4th airdrops originally stated in the BMAX lite paper will be canceled, and the remaining BMAX tokens will be allocated to the BTR-BMAX pool. Here to check more information.
[Announcement on 8 April 2022]
Dear Bitruers,
As part of the launch of the new BMAX token designed to maximize yield earnings, we will be holding an airdrop of BMAX to all BTR holders. BMAX will be entirely community owned, with no coins set aside in advance for the Bitrue team or any company investors. This airdrop of 5 million BMAX will be the very first distribution of BMAX to the world. The details are as follows:
A snapshot of all user's BTR holdings will be taking place on 15 April 2022, 16:00 UTC. If you wish to take part in this airdrop then please make sure that your BTR is available in your Bitrue account during the snapshot window.
The amount of BMAX that any user will receive will be determined according to this formula:
Entitlement = Amount of BTR owned at snapshot time / Total BTR held by Bitrue users at snapshot time * 5,000,000
If you wish to maximize your rewards you can trade for extra BTR in advance on the Bitrue exchange.
NOTE:
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Any BTR in Power Piggy, BTR Lockups, or Yield Farming investments will be eligible to receive this airdrop.
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Any BTR in open orders will not be eligible to receive this airdrop.
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Any BTR in the process of being withdrawn will not be eligible to receive this airdrop.
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Any distributions of BMAX that would be below 1 will not be distributed.
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If your account has been frozen for any reason during the snapshot time, including by your own actions as a result of changing your PIN code or email address, you will not be eligible to receive this airdrop.
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Bitrue reserves the final right of interpretation for all of these rules, as well as the right to add or modify rules at any time.
The distribution of BMAX according to this snapshot will be occurring over 4 distinct distributions, according to the following table:
| Airdrop | % | Tokens Distributed | Target Realease Date |
| 1 | 10% | 500,000 | April 19, 2022 |
| 2 | 25% | 1,250,000 | July 19, 2022 |
| 3 | 25% | 1,250,000 | October 19, 2022 |
| 4 | 40% | 2,000,000 | January 19, 2023 |
The first distribution will occur on 19 April,2022. Other distribution times will be confirmed at a later date.
[Updated on 17 November 2022]
After hearing from the community and taking the feedback into consideration, Bitrue decided that it is only fair to reward these BMAX tokens to existing BTR holders for the 3rd and 4th airdrops. Following this decision, the 3rd and 4th airdrops originally stated in the BMAX lite paper will be canceled, and the remaining BMAX tokens will be allocated to the BTR-BMAX pool. Here to check more information.
For further details as they become available please follow us on Twitter at @BitrueOfficial.