Dear respected users:
Hotbit will from 3th June 2019 16:00pm launch the deduction function of transaction fee with HTB.
The user who participates in trading on Hotbit, regardless of the token traded, when the transaction fee has to be paid, such as holding enough HTB assets, the system will convert the amount of the equivalent HTB according to the market value of the time, and use HTB to complete the payment of the transaction fee. The user can choose whether to turn on the function of the HTB deduction.
About the deduction function of transaction fee with HTB:
1.HTB marker capitalization logic
If the transaction fee received is BTC, the conversion shall be based on the market BTC and HTB conversion ratio, based on the HTB/BTC current market price
2.If the transaction fee receivable is HTB, when the``HTB deduction fee'' function is turned on, it shall be executed at the relevant rate of the HTB deduction fee(e.g. there may be preferential discount). When closed, 100%of the HTB transaction fee shall be charged according to the rate standard
3. If the function of HTB deduction fee has been opened and the HTB is not sufficient, the transaction fees will be charged according to the rate standard
Description of the use of HTB reclaimed through the deduction function.
1.50% of all HTB, recovered through deduction will be destroyed regularly and publicly, the address will be 0x8e5779C8fE52a14f27691181A55b4617Fb32A698，the detailed data will be announced every Wednesday at 16:00 pm(UTC+8)
2. The remaining 50 per cent of HTB will be used to stimulate the users who use, hold and promote htb , please look forward to Hotbit’s new white paper version 2.0.
Hotbit team
May 29th 2019
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