Announcement on the Adjustment of the Display of the Annual Interest Rate of the POS Pool-type Investment Products and the Calculation Method of the Daily Interest Rate

Dear respected users,

         Hotbit has adjusted the way of displaying the annual interest rate of POS pool-type investment products and the calculation method of daily interest rate. The current daily interest rate is calculated as follows:

Daily interest rate=  （    - 1 ）

For example:         

PCX sustainable investment products

The interest rate is 220.7% on 2019/10/28, 241% on 2019/10/29, and 257% on 2019/10/30.

Xiao Ming purchased 1000 PCX on October 27 and initiated redemption on October 30. Then Xiao Ming actually obtained the principal + income as follows:

1000 PCX purchased on October 27, yielding income on October 28

2019/10/28 :PCX daily interest rate =   1000 *（  - 1 ） = 1000 * 0.0031978 = 3.1978 PCX

2019/10/29 :PCX daily interest rate =   1000 *（   - 1 ) = 1000 * 0.00336651 = 3.36651 PCX

Principal redemption of the principal + income = 1000 + 3.1978 + 3.36651 = 1006.56431 PCX

Warm Tips: 1. Users can use the current formula to check the actual income they get each day.

                   2.The cumulative income can be get just by adding the daily interest rate.

Hotbit team

2019.10.29