Hotbit's Announcement Regarding the Update in the Investment Area on September 29th, 2021

Dear Hotbit users,

        In order to enhance the user experience in the investment area, Hotbit has updated the following content in the investment area on September 29th, 2021:

1. All investment products in the investment area will display two percentage rate:  APY / APR（Annual Percentage Yield/Rate） and Daily APR（Daily Annual Percentage Rate）;
2. POS, DEFI and incentive Plans products will be marked as: APY and Daily APR. The APY calculation method: APY=(Daily APR+1)^365-1;
3. LENDING and Quantitative products will be marked as: APR and Daily APR. The APR calculation method: APR=Daily APR*365;
4. When the interest calculation of products marked as APY (POS, DEFI and incentive Plans) is updated at 08:00 AM UTC every day, the principal amount = the total interest as of yesterday + the initial purchase amount;
5. The income description at the bottom of each product page has been updated, please pay attention to the page in time.

        Thanks for your support to Hotbit!

Hotbit Team

September 29th, 2021