Dear Hoo users,
Hoo listed (old)DOT/USDT trading pair at 17:00 on July 29, 2020 (UTC+8). There will not be any changes in the price or position of DOT held by Hoo users during this time period.
Currently, the Polkadot network has not enabled DOT transfers. This means that New DOT deposits or withdrawals on Hoo are not possible. We do not yet have a timeline for when DOT transfers will be enabled but Hoo is monitoring this and will enable deposits and withdrawals when this occurs.
Polkadot network has not yet enabled the DOT transfer. ( "The redenomination is scheduled to take place at block number 1,248,328. The earliest date/time that this could occur is August, 21st 13:15 UTC. After the redenomination, balances displayed to users will be 100x higher and the price per DOT is expected to be 100x lower. The total number of base units (i.e. plancks) in the system does not change and this will not affect the total value of the user’s DOT holdings. " )
Hoo is following the official plan of Polkadot closely and will open DOT deposits and withdrawal as soon as the transfer is enabled. Please stay tuned to Hoo official announcement for any updates.
Referrals: https://medium.com/polkadot-network/the-results-are-in-8f6b1ca2a4e6
Introduction to Polkadot (DOT)
Polkadot will enable a completely decentralized web where users are in control. We envision a Web where our identity and our data is our own - safely secured from any central authority.
Polkadot is built to connect private and consortium chains, public and permissionless networks, oracles, and future technologies that are yet to be created. Polkadot facilitates an internet where independent blockchains can exchange information and transactions in a trustless way via the Polkadot relay chain.
Polkadot makes it easier than ever to create and connect decentralized applications, services, and institutions. By empowering innovators to build better solutions, we seek to free society from its reliance on a broken web where its large institutions can’t violate our trust.
Name: DOT(Polkadot)
Total supply: 10,000,000 DOT
Website: https://polkadot.network/
Whitepaper: https://polkadot.network/PolkaDotPaper.pdf
Explorer: https://polkadot.js.org/apps/#/explorer
Twitter: https://twitter.com/Polkadot
Telegram: https://t.me/PolkadotOfficial
Risk Alert: Any digital assets investment is risky. Please evaluate your risk tolerance before getting involved. Your support on Hoo is highly appreciated.
Hoo Team
August 4, 2020
