The Announcement Regarding the Adjustment on Hotbit’s Transaction Fees

Dear Respected Hotbit Users:

In order to encourage our users and market makers to provide further liquidity and better fee standard, starting from 18:00, February 11^th, 2020 (GMT+8), Hotbit will adjust its standard transaction fee from 0.1% for both maker and taker to -0.05% for maker and 0.2% for taker, with the rate of total standard transaction fee of single transactions lowered by 25%.

Hotbit encourages the participation of the teams that conduct large-capital trading and quantitative trading. Hotbit will be happy to offer different levels of service fee standards and trading API for all qualified teams. Should your team wish to join us, please submit your information through the link here: https://help.hotbit.io/hc/en-us/articles/360042708374-     Hotbit will offer different levels of service fee standards and trading API for all users at an appropriate time.

In accordance with the changes in transaction and service fees, the “Deduct Transaction fee with HTB” event will come to an end. Instead, Hotbit will spend 80% of all weekly transaction fee received to repurchase HTB. Among all HTB repurchased by Hotbit, half of them will be destroyed, and the other half will be used as incentives for Hotbit ecosystem.

We sincerely welcome all users to experience all our functions.

Hotbit Team

February 10^th, 2020