BitMax will permanently lock up 3,000,000,000 BTMX

[shadow.bishop]

BitMax will permanently lock up 3,000,000,000 BTMX from the pending mining portion at 14:00 UTC, May 20th.

Releasing mechanism and speed for private sale portion will stay unaffected for now. BTMX increased by ~16%.

Source is that official telegram announcement channel link of bitmax "https://t.me/BitMaxOfficialAnnouncement/774"

Dear BitMax.io Users,

For long-term stability of token economics, BitMax.io (BTMX.com) will permanently lock up 3,000,000,000 BTMX from the pending mining portion at 10:00 a.m. EDT, May 20th. Releasing mechanism and speed for private sale portion will stay unaffected for now.

BitMax.io (BTMX.com) will announce new release mechanism in the future. Please stay tuned.

Thanks for the continued support!

BitMax.io Team
May 18th, 2019

[Kholodnya]

BitMax will permanently lock up 3,000,000,000 BTMX from the pending mining portion at 14:00 UTC, May 20th.

Releasing mechanism and speed for private sale portion will stay unaffected for now. BTMX increased by ~16%.

Source is that official telegram announcement channel link of bitmax "https://t.me/BitMaxOfficialAnnouncement/774"

Dear BitMax.io Users,

For long-term stability of token economics, BitMax.io (BTMX.com) will permanently lock up 3,000,000,000 BTMX from the pending mining portion at 10:00 a.m. EDT, May 20th. Releasing mechanism and speed for private sale portion will stay unaffected for now.

BitMax.io (BTMX.com) will announce new release mechanism in the future. Please stay tuned.

Thanks for the continued support!

BitMax.io Team
May 18th, 2019

What is the reason for what happened? I would like to know a little more details. What are the consequences of this? Has this somehow influenced the economy of the exchange and attitude to it? Judging by the reviews, I did not find negative comments about this either here https://revain.org/exchanges/bitmax or here https://www.trustpilot.com/review/bitmax.io.