Notice Regarding Updated NPXS Monthly Token Unlock Program

Dear users,

Due to changes made by the Pundi X team, Hotbit will update the process involved for the NPXS Monthly Token Unlock Program, starting from 2018/09/01. The unlocked tokens for the month of August 2018 will still be calculated based on the previous methodology (August tokens will be distributed on approximately 2018/09/15).

The new monthly token unlock calculation is as follows:

Daily NPXS generated by each user = Daily NPXS generated by Hotbit * Daily User NPXS holdings ratio1

1Daily user NPXS holdings ratio = Daily User NPXS holdings / Total NPXS held on Hotbit

Note:

Unlocked NPXS tokens are calculated daily and distributed monthly. Distributions will be completed before the 15th of each month.
Users with a balance of <1 NPXS (including those in trade orders) will not be included into the daily NPXS calculations.
Please refer to the official Pundi X announcement here for further details: https://medium.com/pundix/august-unlocked-for-pundi-x-token-holders-and-new-mechanism-explained-8ce1be4fc15f
Thanks for your support!

Hotbit Team

2018/08/31