Dear respected users:
Hotbit distribute the ATOM（Cosmos),BHD(BitcoinHD) ,PCX(ChainX), ALGO(Algorand) ,IRIS (IRIS Network) ,VSYS (V Systems), FSN (Fusion) ,TOMO(TOMO Chain) , SERO（SuperZero）, USDT , IOTX(IoTeX), XZC, DASH, IOST, BTM, USDx, KSM, MDU, DAPS, EDG, ONT, KAVA, HNS, CKB, GXC, MASS, PZM etc holdings rewards for the users on Hotbit by our daily snapshots.
Query channel to all current products
Click Fund-Token Type(s) with Current Deposit
Rules and Regulations:
We will take snapshots regarding all users’ holding volumes(assets in trading account + available assets in investment account ) of ATOM/BHD/PCX/ALGO/IRIS/VSYS/FSN/TOMO/SERO/USDT/IOTX/XZC/DASH/IOST/BTM/USDx/KSM/MDU/DAPS/EDG/ONT/KAVA/HNS/CKB/GXC/MASS/PZM etc on an hourly basis (24 times in total). We will finally take the minimum 24-hourly holding volume of the assets and distribute the current products interests to users' investment accounts before 18:00 the next day.
For example: If the user sells or withdraws his / her ATOM tokens and is not able to maintain his / her holding volume of ATOM by either depositing or purchasing more ATOM tokens before the next integral time point, then the user’s effective holding volume of ATOM will be his / her holding volume of ATOM reflected by the snapshot taken by the next integral time point. Suppose user A deposits 100 ATOM into Hotbit by 00:00 and sells or withdraws certain volume of ATOM by 11:00 within the same day, and the lowest minimum holding volume of ATOM for user A is 30 ATOM for the day, then the system will calculate and distribute the interest of user A within the day according to user A’s minimum holding volume of 30 ATOM. (Snapshots will be taken starting from 00:00 everyday, and the interest will be distributed to user A’s account on 18:00 the next day.)
The annual interest rate of current products will be adjusted according to the current market conditions. Please refer to the current annual interest rate displayed on the asset interface(As shown below)
The interest is calculated in compound interest. For example:
PCX Daily Interest is 0.45%, and Compound Interest is 414.9% a year.
For example, John deposits 100 PCX at 14:00 on July 1st, during which 14 hours snapshot position is 0 on this whole natural day, the effective position is 0 July 1st, and no interest on July 2nd (assuming John won’t withdraw or sell his PCX within a year after he deposited it to his account).
John's 24-hour minimum position for the whole natural day on July 2nd is 100 PCX. On July 3rd,John will get 100*0.45%, that is, 0.45 PCX.
Hotbit pays interest to John from 16:00 to 18:00(UTC+8) on July 3rd. John's minimum effective position on July 3 is still 100 PCX. John’s daily interest on July 4 will be 0.4 PCX.
John's effective position is 100.4 PCX from 0:00(UTC+8) on July 4th and will start to get compound interest of 100.45*0.45% on July 5th.
Thus, PCX's annual compound interest rate is 414.9%.
Go to deposit: https://www.hotbit.io/dw/deposit
Go to trade: https://www.hotbit.io/exchange
Hotbit Team
2019.6.21
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