Dear Respected Users,
Hotbit is scheduled to list BCC(Basis Coin Cash) on Global Section and launch【Hotbit’s BCC Investment Product】
Expected Rate Of Annualized Return：10%（The rate of interest is determined by the daily updates of Hotbit’s official website）；Redemption Period：T+1
Deposit function launches at: 2020.12.31 05:00 AM UTC
Trading function launches at: 2020.12.31 07:00 AM UTC
Trading Pairs: BCC/USDT, BCC/BTC
Warm Tips: The supply of BCC is adjusted every 8 hours currently , each adjustment doesn't affect users’ balances, but it will still grow or shrink the total supply, thus may causing changes in the market price.
Once again, users are reminded to read the project mechanism and risks involved in detail before investing, and the details of the BCC token operation mechanism can be found in the introduction below.
【Hotbit users exclusively enjoy “Minus Maker Means Minus Transaction Fee” mechanism. By placing and settling any maker order, the user will enjoy 0 transaction fee and an extra 0.15% of the trading volume of his/her maker order as reward on Global Section!】
Project Name：Basis Coin Cash
BCC tokens are designed to be used as a medium of exchange. The built-in stability mechanism expands and contracts their supply, maintaining their peg to the MakerDAO Multi-Collateral Dai token (which roughly trades near the United States Dollar).
The BasisCoin protocol is designed to guarantee BCC(BasisCoin Cash) tokens to be exchanged at a value of a single US dollar, with the stabilizer (in-protocol stability mechanism) in charge of matching the supply of BCC to their demand.
Every 8 hours, the time-weighted average of the BCC-DAI exchange rate is read from the Uniswap v2 contract, which is then fed into the BasisCoin protocol to be referenced by its stability mechanism.
The stabilization mechanism is triggered whenever the price of BCC is observed to be above / below (1+ε) DAI, where ε is a parameter that defines the range of price stability for the BCC token. On launch, ε is set to be 0.05.
Token type: ERC-20
Total supply: 60,001 BCC
Official Website: https://basiscoin.finance/
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.
Thank you for your support！
About us ：
Hotbit’s Official Website： https://www.hotbit.io/
Telegram ： https://t.me/Hotbit_English