Dear Hotbit Users,
Based on the announcement of Terra team , Hotbit will support the Terra 2.0 airdrop and the migration plan.
The details are as follows:
1. Hotbit has delisted all trading pairs of LUNA and UST and closed their deposit and withdrawal functions at 08:30 AM UTC on May 26th, 2022;
Note: The system has cancelled all unfilled open orders for LUNA and UST trading automatically;
2. Snapshot times for LUNA airdrops refer to the Terra official notice;
3. After Terra 2.0 network is launched, the new Terra chain without the algorithmic stablecoin and its token name will be called LUNA2(Terra) on Hotbit;
the old chain to be called Terra Classic, its token name will be called LUNC（Luna Classic).This means that the old“ LUNA ” will be renamed to “LUNC“ on Hotbit; the UST will be renamed to USTC (TerraUSD);
4. Since both LUNA and UST circulate on multiple chains, and the cross-chain bridge is not available currently, so if the airdrop of LUNA and UST is available on other chain is unknown. We will issue another announcement about the details of this airdrop; (The airdrop is released on June 6th, 2022, details: https://hotbit.zendesk.com/hc/en-us/articles/6574314630423. )
5. LUNA and UST tokens that are pending deposits or withdrawals at the time of the snapshot will not count towards your LUNA and UST balance.
6. The deposit, withdrawal and trading functions will be restored as soon as possible after the Terra 2.0 network is launched. Please wait for subsequent notice about the specific recovery time;
Update:
a. Before 06:00 AM UTC on May 30th, 2022, Hotbit will complete the rename of old LUNA and UST to LUNC and USTC at a 1:1 ratio; (Replacement of old LUNA with LUNC has been completed. The old LUNA in funding account, spot account and investment account have been merged and transferred to the LUNC in funding account at 09:35 AM UTC, May 29th, 2022. Old LUNA holders on Hotbit should check the LUNC assets in the funding account now;
Replacement of old UST with USTC will be completed before 06:00 AM UTC. The old UST in funding account, spot account and investment account will be merged and transferred to the USTC in funding account before 06:00 AM UTC, May 30th, 2022. Old UST holders on Hotbit should check the USTC assets in the funding account after 06:00 AM UTC, May 30th, 2022.)
b. At 09:45 AM UTC on May 30th, 2022, Hotbit will recover the deposit function of OSMOSIS-LUNC and OSMOSIS-USTC, for their withdrawal function's reopening time, please wait for our further notice;
c. At 09:30 AM UTC on May 30th, 2022, Hotbit will open LUNC/USDT and USTC/USDT trading pairs.
d. At 06:00 AM UTC on May 29th, 2022, Hotbit has opened LUNA2's deposit function.
7. For more information about Terra 2.0, please refer to:
Thank you for your ongoing support and understanding for Hotbit!
Hotbit Team
May 26th, 2022
Risk warning
The investment on cryptocurrency projects is subject to high market risks.Please make your investments cautiously. Hotbit will make best efforts to choose the cryptocurrency projects with high quality,but Hotbit will not be responsible for any of your investment losses.
Thank you for your support！
Yours truly
Hotbit Team
About us ：
Hotbit’s Official Website： https://www.hotbit.io/
Telegram ： https://t.me/Hotbit_English
Telegram Announcements：https://t.me/Hotbit_announcements
Twitter： https://twitter.com/Hotbit_news
Facebook： https://www.facebook.com/hotbitexchange/
Medium： https://medium.com/@hotbit
Comments
0 comments
Article is closed for comments.