Hoo Global officially purchased Chaince exchange in June 2019. The new Hoo exchange went online afterwards. CET (Chaince Token) as one important part of Chaince is arranged as followings:
- Burn all CET token in “cetunderlock”
Note 1: CET initial airdrop had a limit of 500,000. The remaining part in airdrop plan has been transferred into cetunderlock. Besides, the monthly repurchased CET token on Chaince has been transferred into cetunderlock. By 10th July 2019, cetunderlock account has 641,421,617 CET.
- Burn all CET token in “chaincefunds”
Note 2: The CET of “chaincefunds” belongs to Chaince team. It was planned to be released 20% annually for team encouragement. To acknowledge the support of Hoo exchange, Chaince team is willing to abandon the right of those CET token in “chaincefunds”. Except the released 2516482CET, all remaining 497,483,518 CET tokens will burn.
- Burn all CET token in “chainceclubs”
Note 3: The CET in “chainceclubs” was planned to support the further development of Chaince community. To reflect the new development of Hoo exchange, all 200,000,000 CET tokens will burn.
- Terminate transaction function of “ineffective account”
Note 4: The “ineffective account” is defined as an account that has never made any operations (transaction out to another address) of its CET token from CET initial airdrop. The CET transaction function will be terminated for these addresses. Chaince, Hoo and other trading platform users' CET will not be affected.
CET airdrop is aimed to promote users joining CET ecology and development. Part of the airdrop CET tokens did not make any transaction for more than 1 year. Therefore, the CET tokens in “ineffective account” will no longer be able to participate in Hoo exchange development.
Hoo exchange official platform token details will be determined in the future. CET token will be able to be converted into Hoo exchange token in the future. Please pay attention to Hoo exchange official announcement. Hoo exchange will use email and other methods to notify CET users the arrangement.
Risks: The actual convert rate between CET and Hoo exchange token is not yet determined. There are risks when you invest tokens of CET tokens. Please take care when you join the trading.
Chaince Token (CET) is EOS main net token of Chaince foundation. The total supply is 2 billion. As one of the first EOS main net token, CET only adopts free airdrop offering method. CET is never involved in any ICO, private sale or token sale.
If you have a problem when you make CET transaction, you can submit a ticket. Please include “CET transaction” of the ticket title and provide your EOS address.
10 July 2019