Hotcoin Announcement on Supporting the FXS Share (FXS) Mainnet Swap and Brand Upgrade to Frax (FRAX)

Dear Hotcoin Traders,
In accordance with the official plan of FXS Share (FXS), Hotcoin will support the mainnet swap and brand upgrade from FXS Share (FXS) to Frax (FRAX). The details are as follows:

Spot Market
Hotcoin will suspend FXS deposits and withdrawals at 18:00 (UTC+8) on January 12, 2026.
The FXS/USDT trading pair will be suspended at 18:30 (UTC+8) on the same day and subsequently delisted. All pending FXS orders will be automatically canceled.
After the trading pair is delisted, FRAX tokens will be distributed to eligible users at a ratio of 1 FXS= 1 FRAX. No action is required from users; the system will automatically complete the swap.
Once the token swap is complete, a separate announcement will be issued regarding the opening schedule for FRAX deposits, withdrawals, and trading. Please stay tuned to our official channels.

Futures Market
Hotcoin will delist the FXS USDT-Margined Perpetual Futures at 15:00 (UTC+8) on January 6, 2026.
At 14:35 (UTC+8) on the same day, users will no longer be able to open new positions.
At 14:40 (UTC+8), all open positions for this perpetual futures contract will be force-liquidated at a fair market price.
All pending orders will be automatically canceled upon delisting.
We strongly recommend that users close their positions in advance to minimize potential risks and avoid unnecessary losses.

Thank you for your continued support of Hotcoin.

Hotcoin Team
December 26, 2025