Announcement on the distribution of daily dividend for AXE holders according to daily snapshots on Hotbit

Dear respected users:

From August 16th, from 00:00 to 23:00（UTC+8）, users' AXE position will be taken a snapshot every hour (24 times in total)，and the minimum number of positions acquired is a valid position. The daily return will be based on the valid positions.

For example, during the period, if the user sells or withdraws, and does not buy or deposit before the next hourly snapshot, the next hourly position data is determined to be a valid position. User A deposits 100 AXE to his Hotbit account at 00:00, and sells or withdraws at 11:00.

The holding position is 30 AXE, the minimum holding of the day, then the system's dividend of the day is calculated as the holding position of 30 AXE .

The annual interest rate of AXE will be 24.47%, and the simple interest a day will be 0.06%. 

Hotbit Team
August 15th, 2019.