Dear Hotbit Users:
Starting from June 23rd, 2019, Hotbit will raise the annual interest rate for ALGO holders from 12.74% to the world’s highest level – 22.13%. Hotbit is also scheduled to launch the event of “Deposit ALGO and Win 20,000 ALGO Bonus” during 16:00, June 24th, 2019 – 16:00, July 1st, 2019.
Rules and Regulations:
During the event, Hotbit will take snapshots regarding the volume of the ALGO tokens held by each user on an hourly basis. Hotbit will take 168 snapshots (7*24) of each user’s accounts regarding the volume of the ALGO tokens held in their accounts on an hourly basis.
Rank will be done according to the average position.
Average position = hourly snapshot total / 168 (Snapshot time 16:00(UTC+8) on June 24, 2019 ~ 16:00(UTC+8) on July 1, 2019)
The user with the greatest valid volume of ALGO tokens held in his / her account (No. 1 in the event) will receive 10,000 ALGO as reward. All other users will share 10,000 ALGO as rewards based on the proportion of the valid volume of ALGO tokens held in their accounts compared with the total volume of the valid volume of ALGO tokens held in the accounts of all users who are ranked below No. 1 in the event.
1. The users whose net purchase >= 0 and net deposit >= 0 are eligible for ranking, otherwise it will be regarded as giving up.
2.During the event, all users will still receive their ALGO interests based on the world’s highest interest rate of 22.13 as usual.
Please note that:
1. The ranking chart of the event will be published within 10 business days after the event terminates.
2. All rewards of the event will be distributed within 10 business days after the event terminates.
3. Hotbit reserves the final righrts on the explanation and interpretation of any rules and regulations of the event. If Hotbit detects any cheating activities, Hotbit is entitled to disqualify all relevant users involved from claiming their rewards.
4. Risk Warning: Cryptocurrency assets are known as innovative investment products, which involves comparatively high range of fluctuations in their prices. Please do judge and measure your own investment capability rationally and make your own investmHent decisions cautiously.
We hope you enjoy trading on Hotbit!
June 23rd, 2019