Dear Respected Hotbit Users:
In order to promote the development of PoS ecosystem of the blockchain industry, provide support for the development of more PoS/DPoS projects and improve the listing process of Hotbit platform, Hotbit hereby announces the launch of “Voting for HOT POOL and Get the Project Listed on Hotbit” Event.
The detailed information of the event is listed as below:
After several rounds of stringent selection processes, Hotbit will select certain PoS/DPoS projects with quality, and HOT POOL (known as the staking mining pool under Hotbit’s management) will participate in the election for being one of the project’s nodes or supernodes. Meanwhile, the deposit and investment plans of the project will also be available on Hotbit. By depositing and holding the project’s tokens, the users will gain staking incomes of the project. By meeting the requirements regarding the number of on-chain votes received or reaching certain ranking positions on number of nodes obtained, Hotbit will will list the project on its platform and open relevant transaction pairs.
The brief introduction and requirement on the project selected for the first round of “Voting for HOT POOL and Get the Project Listed on Hotbit” event is listed below:
Project Title：GXChain
Token Name：GXC
Consensus Mechanism：DPoS
Information on the Nodes of the Project ：hotbit-pool（https://explorer.gxchain.org/#/account/hotbit-pool ）
The Goal of Election：Top 21 on GXC Nodes
Deposit Function Opens at： 16:00(UTC+8) , April 17th, 2020 (UTC+8)
In cases HOT Pool is ranked top 21 on the ranking chart of GXC nodes, Hotbit will open the trading function of GXC immediately.
The users may choose to either vote for HOT Pool nodes on-chain or deposit the project’s tokens into Hotbit platform, join in Hotbit’s investment plans on the project and enjoy highly efficient and convenient “Voting by Joining in Investment Plans” service for the gaining of staking incomes.
Hotbit is scheduled to launch the investment product of GXC on April 17th, 2020 (UTC+8)
Hotbit is scheduled to launch the current deposit investment plan on April 18th, 2020 (UTC+8)
The investment products of GXC will be available for purchase on 16:00, April 17th, 2020 (UTC+8)
According to the information listed below, there are two types of redemption periods and rate of annualized returns for the GXC investment products launched in this round of event.
Product 1: T+7 as redemption period, with the rate of annualized return being 2.58% and interests calculated as T+1, minimum purchase volume 10 GXC
Product 2: T+30 as redemption period, with the rate of annualized return being 5.17% and interests calculated as T+1, minimum purchase volume 10 GXC.
The calculation on the interests of the current deposit investment plan of GXC will be started by April 18th, 2020 (UTC+8), with the initial rate of annualized return being 1.08% and minimal unit of account being 100 GXC.
Please click here for the rules and regulations regarding the snapshots on current deposit investment plans.
Hotbit will adjust the rate of incomes distributed to users according to actual situations.
About HOT Pool
HOT Pool is known as Hotbit Staking Pool for short, which is the infrastructural basic service of Hotbit’s investment business.
HOT Pool will select projects with qualities and design relevant reasonable staking income models. By holding relevant tokens, Hotbit users may participate in Hotbit’s investment plans and gain staking incomes. We sincerely welcome all Hotbit users from around the world to participate in Hotbit’s investment plans.
HOT Pool aims at simplifying the process of user participation in PoS ecosystem and providing the best trading and investment experiences for users. By participating in Hotbit’s investment plans, the users may enjoy the high incomes of various tokens and highly flexible staking services with qualities by conducting simple operations only, and there is no need to understand relevant professional and complicated knowledge of PoS/DPoS mechanisms at all.
Hotbit Team
2020.4.17
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