Hotbit’s Announcement Regarding the Suspension on the Deposit Functions of Terra Classic-LUNC and Terra Classic-USTC on September 21st, 2022

Dear respected users,

Hotbit has suspended the deposit functions of Terra Classic-LUNC and Terra Classic-USTC. It's expected to recover in 48 hours, and for its specific recovery time, please wait for our further announcement.

Note: After the deposit functions of Terra Classic-LUNC and Terra Classic-USTC are re-opened, according to the Tax Burn mechanism newly announced by Terra official team(the 1.2% tax burn for LUNC and USTC is expected to go live at the Terra Classic block height of 9,475,200, or approximately at 10:00 PM on September 21st, 2022 UTC), all users are required to pay 1.2% of deposit transaction fee when successfully depositing Terra Classic-LUNC and Terra Classic-USTC to the Hotbit account, which means that the actual volume of Terra Classic-LUNC and Terra Classic-USTC that the users will receive as deposit = The volume of Terra Classic-LUNC and Terra Classic-USTC that the users initially transferred - 1.2% of deposit transaction fee payable to Hotbit.

For More Information about the 1.2% tax burn for on-chain transactions of LUNC and USTC:

• Proposal 3568
• Proposal 4159

Thanks for your support and hope you enjoy trading on Hotbit!

Hotbit Team

September 21st, 2022