HBTC will list the BTS/USDT for aggregate trading at 18:00 on September 10, 2020 (UTC+8). BTS fork will be carried out at 21:55 on September 10, 2020 (GMT+8), with a new NBS (New BitShares) will be generated (see details). HBTC will support the forked NBS token, please see plan as follow:
1. Snapshot time: 21:55 on September 10, 2020 (UTC+8)
2. NBS Allocation Rate: We will issue the received NBS token at a ratio of 1 BTS = 1 NBS. (You will receive 1 NBS for every 1 BTS you hold).
3. Trading Related: BTS trading will not be affected during this fork. HBTC will open NBS trading at an optional time after the NBS mainnet is stabilized. For the specific trading time, please stay tuned with the follow-up announcement.
Since the BTS and NBS pairs are for Aggregated Trading, the deposits & withdrawals will not be supported. Should there be further progress on the wallet support, it will be announced in the future official announcement (to know more about the Aggregate Trading Pairs, please refer to the end of this announcement).
About BTS (BitShares)
BitShares Blockchain is an industrial-scale decentralized blockchain that focused on high-performance financial smart contracts. Bitshare (BTS) is the core token of BitSharesBlockchain, with practical and governance authority. BTS can be used for voting, rewards, and transaction fees.
Blockchain browser: http://bts.ai
White Paper: http://bitshares.foundation/whitepaper
About Aggregate Trading Pairs
When a user buys and/or sells currencies on HBTC, our Aggregate trading system will automatically place the same buy and/or sell order on other exchanges. Therefore, our user is assured that the assets purchased through this process are all real assets in full reserves.
Aggregate trading is commonly used in the trading industry. The purpose of HBTC aggregate trading is mainly to provide our users with access to new and popular assets.
HBTC aggregate trading system uses a local and an external order matching mechanism with transaction speed and user experience that are similar to that of placing an order on other trading pairs on HBTC.
HBTC will evaluate the holding amount of these aggregate trading tokens later and consider to dock with the project wallets for these projects with a large holding amount, to meet the deposit and withdrawal requirements of users.
Digital Asset Trading can be a challenging and potentially profitable opportunity for investors. Users are strongly encouraged to carefully consider their investment objectives, level of experience, and risk appetite.
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September 10, 2020