What is a Token Contract Address?

What is a Token Contract Address?

A "smart contract" is simply a program that runs on the Ethereum blockchain. It's a collection of code (its functions) and data (its state) that resides at a specific address on the Ethereum blockchain.

Smart contracts can define rules, like a regular contract, and automatically enforce them via the code. Contract Address refers to the address location of the actual token contract that manages the logic for the tokens. It does not refer to the address that holds your own personal tokens!

We highly recommend double-checking these contract addresses on your own when you try to deposit or withdraw. To find out what this address is, we recommend looking at the token's website for more information or going on https://etherscan.io/tokens and searching directly for the name of your token.

On Hotbit you could search token name on our Website https://hotbit.zendesk.com/hc/en-us/sections/1500001610821-News-and-Announcements. Then you should find listing announcement and relevant notice to figure out whether the contract address has been replaced by another one or not.

Taking WSPP as an example:

User should confirm contract address when depositing or withdrawing, otherwise it may cause irreparable losses.