Q1: How to Participate in Hotbit’s Current Deposit Investment? Can I Participate by Directly Depositing my Asset into my Account, or Should I Transfer my Asset to Anywhere Else to Participate in Current Deposit Investment?
A1: By depositing certain amount and types of tokens that the users intend to invest in Hotbit’s current deposit investment plans into the users’ Hotbit accounts, the users have already participated in Hotbit’s current deposit investment plan. The users are not required to conduct any other operations to participate in Hotbit’s current deposit investment plan. (Hotbit’s current deposit investment plans currently support the following types of tokens: ATOM、VOLLAR、 BHD、PCX、ALGO、IRIS 、VSYS、IMG、FSN 、TOMO、SERO、USDT、IOTX、XZC、DASH、ZEL、AXE、IOST、BTM、PIVX、BTC and ETH).
Q2: When can I receive my interest(s) everyday? Where can I check my daily interest(s) due?
A2: Hotbit’s system will distribute all users’ interests of the previous day before 18:00 everyday (GMT+8). All users may check their interest(s) due in the “Deposit History” section on Hotbit website. Hotbit will also send relevant emails to our users’ registered email addresses regarding the details of the interest(s) our users have received.
Q3: For example: I deposited 1,000 PCX into my Hotbit account by 12:00 noon yesterday (GMT+8), but there is still no available information in my “Deposit History” regarding my interest of yesterday by 19:00 today (GMT+8), why?
A3: Hotbit’s current deposit investment plan involves relevant rule of snapshots. During every business day, from 00:00~23:00 (GMT+8), Hotbit is scheduled to conduct 1 snapshot regarding the volume of each type of tokens held by each user at each integral time points, which means 24 snapshots in total will be conducted by Hotbit within every 24 hours during every business day, and the interests will be distributed to all relevant users before 18:00 the next day (GMT+8) based on the minimum value of each type of tokens that each user holds during every 24 hours. According to the snapshots, during 00:00~11:00 yesterday (GMT+8), the amount of tokens held in your account was 0, which means you will not receive any interest for yesterday. Your interest will be calculated starting from today, and you will receive your interest of today before 18:00 tomorrow (GMT+8).
For example, Mary deposited 1,000 PCX into her Hotbit account at 12:00, November 2nd, 2019, then Mary will not receive any interest for November 2nd, as according to the snapshots, it appears that the number of PCX that Mary held in her Hotbit account during 00:00~11:00, November 2nd, 2019 was 0. Mary’s interest will be calculated starting from November 3rd, 2019, and Mary will receive her interest of November 3rd, 2019 before 18:00, November 4th, 2019.
Q4: May I use the interests that I received from current deposit investment plan to conduct other trading activities or may I withdraw all my interests received from current deposit investment plan?
A4: Neither the capitals nor the interests of all tokens that all users deposited into their accounts for current deposit investment plans are frozen or locked. The interests are distributed into relevant users’ accounts directly, and the users may conduct trading activities or withdrawal transactions on all of their interests at any time as they wish.
Q5: Does Hotbit put any restrictions on either the trading or withdrawal of any users who participate in the current deposit investment plan?
A5: Hotbit’s current deposit investment plan does not involve any restrictions on trading or withdrawal. You may conduct trading activities or withdraw transactions at any time. Hotbit will distribute all interests according to the amount of tokens held by each participant based on the rules and regulations of snapshots.
Click here to check the rules of snapshot
Q6: Do you calculate the rate of annual interest of your current deposit investment plan in compound interest rate?
A6: The rate of all annual interest of all tokens involved in Hotbit’s current deposit investment plans are calculated in compound interest rate. The daily interests that users receive (without any withdrawals by the users) will be automatically added to the users’ capitals and be calculated as part of users’ capitals for tomorrow’s calculation of interests.
Q7:Where do the interests of current deposit investment plan come from? Is it sustainable? Is it a scam?
A7:The incomes of all types of tokens involved in Hotbit’s current deposit investment plans are generated from decent sources. For example, the incomes of the types of tokens such as PCX, ATOM or FSN are generated from the channels such as on-chain voting, staking or the nodes of the tokens etc. Hotbit distributes all relevant interests based on market conditions.
Q8:Why does the rate of annual incomes of Hotbit’s current deposit investment plans always change?
A8: The fluctuations of cryptocurrency market are beyond Hotbit’s control. Hotbit will adjust the rate of annual interests based on the conditions of different markets and blockchains. Before making any changes to any rates of annual interests, Hotbit will publish relevant announcements to inform all our users regarding the changes.
Q9:Will Hotbit keep running the current deposit investment plan for long? Will Hotbit increase the types of tokens involved in its current deposit investment plan? Where can we check which types of tokens are involved in current deposit investment plan?
A9: So far, Hotbit has included more than 20 types of tokens into its current deposit investment plan. Hotbit will surely include more types of tokens into its current deposit investment plan in the future.
Click here to view the announcement that includes the complete list of the types of tokens available for Hotbit’s current deposit investment plan.
Q10:What’s the difference between Hotbit’s current deposit investment plan and fixed term investment plan?
Please refer to the pictures below