Dear respected users,
For a long time, the centralized exchange (hereafter referred to as CEX) has been most criticized by the outside world for its transparency. The asset books of CEX are usually not open to the public, and the storage, management and withdrawal of cryptocurrencies are very different from traditional assets. Hacking, the robustness of the bookkeeping system, and whether CEX itself is evil or not, can all lead to problems in the clarity of CEX's financial accounts.
In the era of Hotbit 2.0, the team will put the transparency of Hotbit first and create groundbreaking products for global cryptocurrency investors.
Improving transparency includes several important aspects
1.The data of each function of the platform will be presented more clearly, including the situation of fund using, user situation, profit and loss status, etc.
2. Force majeure losses, including hacking attacks, will be disclosed and a "deficit system" will be activated for public resolution
3. Establish a "bounty system" to disclose information about various attacks against the exchange and malicious profiteers, and request the community's assistance in jointly recovering assets and offering high rewards
4. Set up Hotbit DAO to gradually achieve corporate governance by all HTB holders
Hotbit Team
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