Dear Hotbit Users,
Hotbit has completed the replacement of the WEB contract and restored the deposit and withdrawal functions according to the official swap plan of WEB project team.
The old WEB of holders on Hotbit has been exchanged to new one according to the ratio of 1:1.
WEB old contract address: 0x840fe75abfadc0f2d54037829571b2782e919ce4
WEB new contract address: 0xf344490abd414dafa97f34c8ca501b0aa5bf8873
Notice：Hotbit only supports the new WEB contract deposit from now on. Please do not deposit the old WEB, otherwise the loss caused will not be recovered.
Risk warning: The official swap plan of WEB project team mentioned that the total supply of WEB will be increased from 70 million to 1 billion. However, the swap ratio is still 1:1. The investment on cryptocurrency projects is subject to high market risks.Please make your investments cautiously. Hotbit will make best efforts to choose the cryptocurrency projects with high quality, but Hotbit will not be responsible for any of your investment losses.
The following is the original content of the contract upgrade and swap officially released by WEB project team:
Since the launch of our Webcoin(WEB) token in September, 2017, we have come along way. Thanks to the development of the blockchain technology over the past 3 years, we have done extended research seeking the best possible ways on how to improve our project and platform. Due to the new emerging DeFi(Decentralized Finance) platforms and the growing decentralized exchanges wave, we feel that our community deserves to be part of it and participate properly through our WEB token. This is why we have decided to replace our smart contract and increase the supply of WEB from 70 million to 1 billion.The token swap will be 1:1 ratio.
Please refer to their official announcement for details: https://webcoinstoday.medium.com/listing-on-uniswap-liquidity-campaign-token-swap-much-more-3d2791d5f02f
Hope you enjoy trading on Hotbit!