Dear Hoo users,
Hoo have listed split 100x (old)DOT/USDT trading pair before at 17:00 on July 29, 2020 (UTC+8).
"At approximately 13:15 UTC on 21 August (block 1,248,328), the DOT token will undergo a redenomination from its original sale. New DOTs will be 100x smaller than the current DOT. Therefore, users' DOT balance will be 100x higher and the price per DOT will be 100x lower. The number of DOTs you own relative to total supply will be unchanged. This will not affect the total value of your position. " See the Polkadot blog post for more information.”
Currently, based on Polkadot official rules and discussions with the web3 Foundation, Hoo will pause trading of split 100x (old)DOT/USDT trading pairs at 15:00 on August 5(UTC+8) to ensure the security of the DOT assets of Hoo users. And Hoo will list undivided DOT/USDT trading pair at 16:00 on August 5(UTC+8).
After the adjustment is made(trading pair DOT/USDT), the amount of DOT of Hoo users will be reduced by 100x, which will not affect the total value of users' DOT positions. During the suspension period, if users(offline) who have pending orders in split (old)DOT/USDT trading pair, the back-end will automatically cancel users' orders and the relevant assets will be returned to their wallet account.
Attention:
Hoo will suspend DOT trading and deposit from 21:15 (UTC+8) on August 18 (block 1205128) to 21:15 (UTC+8) on August 21 (block 1248328). We will inform you of any changes to this timeline. Once stabilized, Hoo will reopen DOT trading, deposit and withdrawal.
Sorry for any inconvenience caused, thanks for your support on Hoo!
Hoo Team
August 5, 2020
