Dear Respected Users,
Hotbit has already launched the trading function of its futures product DFT12M/USDT on February 28th, 2021. DFT12M is known as the 12-months futures product of DFT.
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The detailed schedules and regulations regarding the release of DFT12M are listed below:
From March 29th, 2021, Hotbit is scheduled to conduct the plan of releasing DFT12M into DFT at 05:50-07:00 AM any day from 27th to 30th of every month(UTC). The detailed schedules are listed below:
1. During the releasing period, Hotbit will suspend the trading function of DFT12M/USDT at 05:50 AM (UTC), and the system will automatically cancel all unsettled orders of DFT12M/USDT at the same time as well.
2. During the releasing period of DFT12M, Hotbit will conduct internal snapshots on all relevant users’ accounts to check the amount of DFT12M held by each user at 06:00 AM (UTC), and then conduct the process of releasing DFT12M into DFT for all relevant users based on the amount of FIL12M held by each user by 06:00 AM (UTC) according to the sequence of 1/12, 1/11 ... 1/2, 1/1 for 12 months, and then release DFT12M into DFT according to the ratio of 1/1 on the 12nd month.
3. During the releasing period of DFT12M, Hotbit will distribute all successfully released DFT according to the above sequence on a daily basis into relevant users’ trading accounts no later than 07:00 AM (UTC). The users may check their investment account and balances by 07:00 AM (UTC). After receiving their DFT, the users may conduct normal deposit, withdraw and trading processes of DFT.
4. During the releasing period of DFT12M, Hotbit will resume the trading function of DFT12M/USDT at 07:00 AM (UTC).
Note:
1. the releasing DFT12M into DFT will be conducted on any day from 27th to 30th of each month(UTC). Please wait for the follow-up annoucement.
2. in case that according to the snapshot, the balance of DFT12M on your account is less than 1 DFT12M, your DFT will not be released. So please make sure that the balance of DFT12M on your account is greater than 1 DFT12M by the time of our daily snapshot.
Should you have any further queries or concerns, please do not hesitate to submit a support ticket to our team. We hope you enjoy trading on Hotbit!
Hotbit Team
March 29th, 2021
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