BCH (Bitcoin Cash) is expected to perform a hard fork protocol upgrade at 12:00 PM on November 15th, 2020 (UTC). It is likely that there is a chain-split between the two main BCH clients, BCHA (Bitcoin Cash ABC) and BCHN (Bitcoin Cash Node), making this a contentious hard fork that may result in an additional token.
Hotbit will support this hardfork and we will handle all technical requirements for users holding BCH on Hotbit as per the following:
1.Hotbit will suspend BCH deposits, withdrawals and trading functions at 10:00 AM on November 15th, 2020 (UTC). Please ensure that you leave sufficient time for your BCH transfers to be fully processed prior to the time above. We will handle all technical requirements for users holding BCH on Hotbit；
2.Hotbit will take BCH snapshots of the user's accounts at 12:00 PM on November 15th, 2020 (UTC).After the hard fork is completed，if new tokens are generated，they will be airdropped into the user account at a ratio of 1:1 according to the snapshot.(the specific time waiting for follow-up notification).When the fork is completed and the main network is stable，we maybe also assess to open corresponding trading pairs in line with the opinions of the community；
4.This may cause a large fluctuation due to the influence of market sentiment when the hard fork occurs. Please make corresponding precautions for risk control in advance.
- A further announcement will be made regarding the timing of deposits, withdrawals and trading functions resuming, as well as further information about the BCH chain split that may affect the above.
- Unconfirmed BCH deposits, pending BCH withdrawals will not be counted in user snapshot balances.
- The above is Hotbit plan based on the latest market information, community and user opinions and consensus to ensure the smooth operation of the market. The time involved will be notified through other announcements. Hotbit reserves the right to make reasonable adjustments to this plan.
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