Dear Respected Users:
After Hotbit officially introduces HTB, the platform token of Hotbit exchange on January 15th, 2018, HTB was then officially listed for trading on May 24th, 2018. We are well aware of the fact that the continuous and positive development of HTB relies on the continuous support of our users so far.
Hotbit team now decides to transfer 104,600,000 HTB into fixed address（0x36B85AeA5F54761E09f687dD6642b4Cf07b607cA）, and this amount of HTB will be locked up for no less than one year. The HTB tokens involved in this lock-up program are generated from the following two parts of the assets: 1. The amount of HTB tokens repurchased by the market-making fund pool since July 1st, 2018 (15,000,000 HTB tokens in total). The abovementioned repurchased HTB tokens are transferred into the address of the lock-up program every two weeks. 2. Regarding all the 100,000,000 HTB released this time in total, apart from the 10,400,000 HTB that has already been distributed as the bonus for middle-level management team, the remaining 89,600,000 HTB from top-level management team and core shareholders will be transferred into lock-up address in total within one transaction. After the current lock-up program terminates, Hotbit team will make further decisions regarding whether there will be other lock-up programs in the future based on real-time market trends and fluctuations.
The repurchase and lock-up program will be published as announcement on our platform in an open and transparent manner. The content of the announcement will include relevant information such as the total volume of repurchase, lock-up address etc.
Hotbit will always put our users’ interest first and strive for excellence and perfection in our service.
Hotbit Team
2018.7.27
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