Hotcoin Will Support the Migration of LEND to AAVE

Dear users,

Hotcoin will support the migration of Aave Protocol (LEND) smart contracts to Aave Protocol (AAVE), The details are as follows:

1.Deposit&withdrawal services of LEND will be suspened at 12:00 on Oct.16^th,2020(UTC+8),all of the LEND orders will be cancelled at the same time,while the tradings of LEND will be stopped with LEND currency pairs being removed from platform.

2.The migration operation of Aave Protocol（LEND） to AAVE will be starting for users, a snapshot of the user's LEND holdings will be taken, and then LEND will be converted to AAVE according to the ratio of "100LEND = 1 AAVE".

3.At 14:00 on October 16^th 2020(UTC+8) , AAVE deposits will be opened;while tradings of AAVE/USDT currency pairs will also be opened at 15:00 on October 16^th .

Project Introduction:

Aave is an decentralized open-source and non-custodial currency market protocol  enabling the users to be both depositor and borrower, and AAVE token is a type of new management token of Aave protocol.The total issuance of AAVE is 16 million, with 13 million of the amount calculating according to the ratio of : 100LEND = 1 AAVE , the rest 3 million AAVE is belonging to the new issues, which is mainly for the establishment of security pool, incentive loan ecology, governance of protocol voting & protocol upgrades.

AAVE Official Website：https://aave.com/

White Paper Link：https://github.com/aave/aave-protocol/blob/master/docs/Aave_Protocol_Whitepaper_v1_0.pdf

Hotcoin is offering a security and freely crypto assets trading service for global users with high efficiency. Hotcoin had been established several operation service centers in different regions of the world, we will always striving to establised a world's premier Blockchain Asset Trading Platform.

** Risk Warning ** :

   The blockchain digital assets trading is mainly affected by relevant policies of different countries and various market factors, and there are potential risks, we’re  strongly suggest you to be cautious in trading according to your endurance capability. Hotcoin is merely offering a freely trading platform for global users, we assumes no liable to the auditing, guarantee, compensation for the value of digital assets and tokens, please do not perform the transactions if you can’t accept it. Thank you !

   Thanks for your supporting to Hotcoin, we’re looking forward to your valuable suggestions.

Hotcoin
2020.10.16