[ANN] Hoo.com | One-stop Blokchain Assets Service Platform

[Hoo.com]

𝐇𝐨𝐨 𝐎𝐓𝐂 𝗪𝐢𝐭𝐡𝐝𝐫𝐚𝐰𝐚𝐥 𝐏𝐨𝐥𝐢𝐜𝐲 𝐔𝐩𝐠𝐫𝐚𝐝𝐞𝐝⁣⁣

⁣⁣
Dear Hoo users,⁣⁣
⁣⁣
Hoo has upgraded its OTC withdrawal policy to "T+1" mode. Users who bought digital assets via OTC will not be able to withdraw the assets in 24 hours. The limilation will expire when time is due and the assets will be available to be withdrawed again. The internal transder and trading features will not be affected during the locking period.⁣⁣
⁣⁣
𝗪𝐡𝐲 "𝐓+𝟏"?⁣⁣
⁣⁣
1. 24h buffering to illegal funds⁣⁣
2. Preventing the black money from entering the platform⁣⁣
3. Reducing the risk of assets frozen to ensure a safer trade environment⁣
⁣
Hoo Team

[Hoo.com]

𝐁𝐂𝐇 𝗪𝐢𝐭𝐡𝐝𝐫𝐚𝐰𝐚𝐥 / 𝐃𝐞𝐩𝐨𝐬𝐢𝐭 𝐒𝐮𝐬𝐩𝐞𝐧𝐝𝐞𝐝 𝐃𝐮𝐞 𝐭𝐨 𝐈𝐭𝐬 𝐇𝐚𝐫𝐝 𝐅𝐨𝐫𝐤⁣⁣

⁣⁣
Dear Hoo users,⁣⁣
⁣⁣
According to Bitcoin Cash (BCH) official, they are scheduling a hard fork at 20:00 on Nov. 15, 2019 (UTC+8). Please be noted of the following items in order to support its hard fork:⁣⁣
⁣⁣
1. BCH withdrawal and deposit will be suspended starting 15:00 on Nov. 15, 2019 (UTC+8).⁣⁣
2. Your BCH assets and trading will not be affected on Hoo.⁣⁣
3. BCH withdrawal/deposit will be enabled again after we confirmed with BCH official that its mainnet are back to normal. Please stay tuned to our official announcement.⁣⁣
⁣⁣
Hoo Team

[Hoo.com]

Hoo.com Will List Nervos (CKB) on Nov. 16

Dear Hoo users,

Hoo will distribute the CKB tokens the first time Nervos mainnet is launched and enable CKB/USDT trading when the distribution is completed (estimated time: 10:00 on Nov. 16).

CKB deposit will be enabled at 12:00 on Nov. 15, 2019 (UTC+8). Its withdrawal will be enabled once the mainnet is stable.



CKB Distribution Rules:

Hoo Labs had Nervos (CKB) token sale during Aug. 15-24. Users who invested will rececive the token with a price of 1 CKB = 0.01 USDT/DAI. According to the official annoucement of Nervos, its mainnet is expected to go live at 10:00 on Nov. 16.

Hoo will distribute the tokens once the mainnet is live and users can check the tokens in their wallet account.

Introduction to Nervos (CKB)

The Nervos Network is network protocol standard started and maintained by Nervos Foundation. It is an open source public blockchain ecosystem and collection of protocols solving the biggest challenges facing blockchains like Bitcoin and Ethereum today.

The Nervos CKB (Common Knowledge Base) is the layer 1, proof of work public blockchain protocol of the Nervos Network. It allows any crypto-asset to be stored with the security, immutability and permissionless nature of Bitcoin while enabling smart contracts, layer 2 scaling and captures the total network value through its "store of value" crypto-economic design and native token, the CKByte.

Coin Name: CKB (Common Knowledge Base)

Type: Nervos Network native token
Total supply: 33,600,000,000 CKB
CoinList token sale price: 0.01 USDT

Related Links:

Website: https://www.nervos.org/
Whitepaper: https://mp.weixin.qq.com/s/dqRD6CDcDmMmzHaXTXPdmQ
Twitter: https://twitter.com/NervosNetwork
Wechat account: NervosNetwork
Telegram: http://t.me/nervosnetwork
Github: https://github.com/nervosnetwork
Medium: https://medium.com/nervosnetwork
More info: https://docs.nervos.org/introduction/welcome
 
Hoo Team
Nov. 15, 2019

[Hoo.com]

Hoo Launches Nervos CKB Buy & Sell Order Financing

Dear Hoo users,

Hoo will launch CKB buy & sell order financing campaign with up to 120% annualized rate of return. Users who deposit CKB during this period can enjoy a doubled rate of returned (up to 200%)!

Buy & Sell Order Financing

Time: 10:00 Nov. 16 - 10:00 Nov. 23, 2019

Hoo.com will take a snapshot every minute of CKB/USDT trading pair, make a record of the amount of the open part of the top 30 buy & sell orders and calculate the rewards.The rewards will be given out in USDT.

For example, a user place a No. 1 CKB buy order valued 10,000 USDT. If the order remained open for 24 hours, he will be rewarded with (10000*120%)/365= 32.8767 USDT.



Estimated Earnings

If you invested 10,000 USDT for this campaign and kept your order open for 24 hours, your estimated rewards per day would be:



Double Your Earning by Depositing

We will rank the first deposit of our user each day. Those who deposited more than 100,000 CKB will be enjoying a higher reward. See details in the chart:



Thanks for your support to Hoo!

Hoo Team

Nov. 15

[Hoo.com]

Hoo Weekly | Nov. 9–16, 2019

Welcome to Hoo Weekly!

Hoo.com is a one-stop cryptocurrency exchange which offers services including crypto trading, financing, wallet and custody, etc., aiming to discover the investment opportunities of digital assets for users.

Check out what’s going on in the past week!



Product Updates

Improved the internal test of Web OTC trading
Online chat feature is added to the OTC trading of Adroid devices
Safety alert fetaure is added to the OTC trading of Andriod & iOS
The new iOS loan feature will be launched soon
Updated the Hoo Power page of APP

Hoo Dynamics

Hoo Power Launched TCKB — the Insurance Right Token of CKB

TCKB, the insurance right token of CKB was sold on Hoo Power at 16:00 on Nov. 16. A total value of 50,000 USDT was sold in 20 minutes. TCKB will aslo be circulated in the secondary market. Those who need it can buy the token on hoo.com.

Insurance Right is another assets right digitization initiative of Hoo after Refund Right, Mining Right and Gain Right. The object of the Insurance Right is the market price of the token. It is agreed that the Insurance Right guarantees that users who hold the token can return the token to the platform or the project at an agreed price in the future.

The insurance right token will be circulated in the trading market. Users who hold both the token and its insurance token are qualified to exerise the right.In the case of CKB, users who hold 1 CKB + 1 TCKB can receive 0.01 USDT.

MOF Regular Financing & Buy/Sell Order Financing

Hoo.com has launched Molecular Future (MOF) Regular Financing & Buy/Sell Order Financing on Nov. 11.

The annualized rate of return of the 30-day MOF regular financing is as high as 20% with a target amount of 300,000 MOF. Users can join in on the APP. The buy/sell order financing has an annualize rate of return up to 120%. For example, if you invested 100,000 USDT for this campaign and kept your order open for 24 hours, your estimated rewards per day would be 328.8 USDT.

Nervos CKB Buy & Sell Order Financing

Hoo.com has launched Nervos (CKB) Buy/Sell Order Financing on Nov. 11 with up to 120% annualized rate of return. Users who deposit CKB during this period can enjoy a doubled rate of return (up to 200%)!

Marteting Activities

On Nov. 14, Wang Ruixi, founder & CEO of hoo.com has an AMA with Shanghai Wayi Community and shared his view on the development of Hoo ecology and his near-future plan.

On Nov. 15, Chen Xiaohai, co-founder & CMO of hoo.com attended the Blockchain Margin Calculating and Volume Consense & the Greater Bay Area Ecology Private Board Conference.

New Listings

#1 RNDR — Rendertoken

RNDR was listed on Hoo Exchange on Nov. 9. Users can swap the old token to its new token via the Quick Swap feature of Hoo.

#2 CKB — Nervos CKB

Hoo Labs had Nervos (CKB) token sale back in August. Users who participated in it got their CKB token distribution with a price of f1 CKB = 0.01 USDT/DAI.

Hoo Ecology

1. EOS Super Node

Hoo.com has been an EOS super node since June 8, 2019, and is currently ranked 26th, with a total of 1.632% of total votes.

2. BOS Node

The BOS node, Hoocomhoocom, is currently ranked 5th, with a total of 2.504% of total votes.

Hoo Statistics

[Hoo.com]

Hoo.com Will List DNAT on Nov. 23

Hoo will enable DNAT/USDT trading at 14:00 on Nov. 23, 2019 (UTC+8). DNAT withdrawal will be enabled at 16:00 on the same day. DNAT deposit has been enabled already.

Smart contract address: 0x6a39d7E18CBCd49E7D2De8CeEf392C3757427607



Introduction to DNAT

DNAT (DNATken) is a new type of cryptocurrency based on Proof Of Capacity. Its main feature is the use of hard disk as a consensus participant, reducing the consumption of power resources by cryptocurrency and lowering the threshold for participation. To make its production mode more decentralized, more secure and credible, everyone can participate in the mining of cryptocurrency, generate credit and value through mathematical algorithms and distributed mining.

Total supply: 10,000,000,000 DNAT

Website: http://www.dnat.io/

Twitter: https://twitter.com/dnat2019

Risk alert: Digital currency is a high-risk way of investmenet, please be prudent while making decisions. 

Thanks for your support to Hoo!

Hoo Team

Nov. 22, 2019

[Hoo.com]

Hoo Weekly | Nov. 16 - 22, 2019

Product Updates

OTC trading on the website is open to public test
Added online chat to iOS OTC trading page
Optimized the iOS trading page
Fixed some bugs to improve user experience

Hoo Dynamics

Round 1 Community Partner Plan Closed

We have  received over 20 applications by 00:00 Nov. 18. After strict review process, 10 communities have been selected as our community partners.
CKB Coin + Plan & CKB Collateral Loan

At 20:00 on Nov. 18,  Hoo.com launched CKB Demand Financing and 30-day Coin + Plan, with an annualized rate of return of 2.6% and 7% respectively.
In the meanwhile, we have also launched CKB collateral loan. Users can pledge their CKB to loan multiple coins on Hoo APP. Among which the interest rate of USDT loan is as low as 0.03%.

Nervos CKB Buy&Sell Order Financing Is Closing

Hoo has launched CKB BUy&Sell Order Financing on Nov. 16 with a highest annualized rate of return of 120%. The rewards will be given to the participants in USDT the next day on 10:00.

Marteting Activities

Xiaohai Chen, Co-founde & CMO of Hoo attended the Changzhi City Blockchain Industry Ecology Construction Seminar.

New Listings

DNAT (DNA Token) made a debut list on Hoo Exchanged on Nov. 23.

Hoo Power Launches TCKB - the Insurane Right Token of CKB.

Hoo Ecology

1. CoinEx Chain Super Node
As one of the super nodes of CoinEx Chain, Hoo has started it super node election when the CoinEx Chain mainnet went live.

2. EOS Super Node
Hoo.com has been an EOS super node since June 8, 2019, and is currently ranked 26th, with a total of 1.592% of total votes.

3. BOS Node
The BOS node, Hoocomhoocom, is currently ranked 5th, with a total of 2.518% of total votes.

Hoo Statistics

[Hoo.com]

Hoo System Upgrade Completed (2/12/2019)

Dear Hoo users,

The upgrade of Hoo system is expected to be completed at 11:00 (UTC+8). Deposits, withdrawals, spot trading, OTC trading, financing, collateral loan (including lend, borrow, add staking), assets transfer (wallet account, fiat account, trading account and financing account) and usage of HD wallet will all be restored.
Notice: Please evaluate your safety value and deposit balance in time so as to avoid the risks caused by fluctuating markets.

Thanks for your understanding and support!
Hoo Team
Dec. 2, 2019

[Hoo.com]

Hoo Weekly | Nov. 23–29, 2019

Product Updates

1. Users are able to apply to be a merchant online
2. Optimized the OTC market rules
3. Added Dual Currency Financing feature on mobile APP (both Android & iOS)
4. Optimized real-name authentication process on APP (both Android & iOS)
5. Updated some of the pages of iOS

Hoo Dynamics

EOS Buy One Get Three Free Activity Closed and Settlement Completed

To celebrate Singles' Day, Hoo.com together with Cailu, the blockchain consensus incubation community launched the EOS Buy One Get Three activity. During which users of Cailu will get one EOS for free by referring 3 friends, two EOS for free by referring 6 friends, three EOS for free by referring 10 friends.

The prize pool is 750 EOS which was open to all users. Now the activity has been closed and the rewards settlement is also completed. Please stay tuned for more up-coming campaigns!

Marteting Activities

On Nov. 28, Daniel Zhang, co-founder of Hoo.com attended an offline seminar in Shanghai, and had a discussion over "the business development rode of Blockchain".

On Nov. 24, Xiaohai Chen, co-founder of Hoo.com was invited to the Blockchain Industry Ecology Construction Seminar in Changzhi.

The seminar focused on the historical opportunity, technology system, policy, innovative applications, basic platforms, industry investment etc, sharing their views on the new concept and exploring the new path.

Hoo officially joined the Changzhi Hi-tech Blockchain Industry Alliance and Expert Committee, aiming to propel the blockchain innovation and application.
On Nov. 28, Daniel Zhang, co-founder of Hoo.com attended an offline seminar in Shanghai, and had a discussion over "the business development rode of Blockchain".

On Nov. 24, Xiaohai Chen, co-founder of Hoo.com was invited to the Blockchain Industry Ecology Construction Seminar in Changzhi.

The seminar focused on the historical opportunity, technology system, policy, innovative applications, basic platforms, industry investment etc, sharing their views on the new concept and exploring the new path.

Hoo officially joined the Changzhi Hi-tech Blockchain Industry Alliance and Expert Committee, aiming to propel the blockchain innovation and application.

New Listings

SEEK - SEEK Chain Mainnet Upgraded

At 14:30 on Nov. 26, SEEK chain has upgraded from ERC20 token to its mainnet token. The deposit address has also changed. Please double-check the address while making deposits. 

Hoo Ecology

1. CoinEx Chain Super Node
Hoo.com has been a CoinEx validator since Nov. 19, 2019, and is currently ranked 17th, winning 0.90% of the total votes.

2. EOS Super Node
Hoo.com has been an EOS super node since June 8, 2019, and is currently ranked 28th, winning 1.448% of the total votes.

3. BOS Node
The BOS node, Hoocomhoocom, is currently ranked 11th, winning 2.156% of the total votes.

Hoo Statistics

[Hoo.com]

RUTM Listed on Hoo.com on Dec. 2

Dear Hoo users,

Hoo.com will enable RUTM/USDT trading at 13:30 on December 2 (UTC+8). RUTM deposit and withdrawal will be enabled at the same time.

Introduction to RUTM (RAM UP THE MOON)

At present, the EOS RAM pool has 4.46 million EOS(72G RAM), including B1 3.3 million (now shrunk to 2.34 million) 32G, 10.3G (750,000) has been used, B1 + 10.3G has been used = 3.1 million EOS, there are only 1.36 million EOS in the pool, most of holder are wallets and project owners, and hardcore holders such as wangruixiwww, have no speculation. The 10th holder is only 30,000 EOS.

RUTM token is live on EOS chain through EOS RAM mining.

EOS RAM mining

Start block time: 2019-12-01T12:00:00.000

EOS account sends 0.0001 RUTM to the EOS ram mining contract address ramupthemoon. It will immediately send 1.0001 RUTM tokens to you. Once one time mining is completed, a new RUTM token will be generated for each mining. 0.25 RUTM will be sent to the contract publishing account. At the same time, the transfer EOS account will occupy 1KB ram, which can be recycled.  

Rules for EOS ram recycle

EOS account send one RUTM token to the mining contract account ramupthemoon, memo: freeram, EOS account can recycle 1KB EOS RAM occupied by the EOS ram mining, return the occupied 1KB EOS RAM to the EOS account, At the same time, the one transfer RUTM token is destroyed. One RUTM token is equal to the recycle right of 1KB EOS RAM. The process is as follows:

EOS account→1 RUTM (memo: freeram)→ramupthemoon

The 1KB EOS RAM occupied by the EOS account ram mining is recycled, and 1 RUTM is destroyed. The recycled EOS RAM can be sold. Sending 100 RUTM at a time can recycle 100KB RAM.

RUTM model

When mining One RUTM will occupy 1KB EOS RAM for EOS account, and one RUTM recycle will return 1KB EOS RAM for EOS account. At the same time, the RUTM will be destroyed. RUTM is a deflation model, with a total amount of 100 million, one RUTM token equal to the recycle right of 1KB EOS RAM, and the number of RUTM will be continuously reduced due to the destruction of recycled EOS RAM.

RUTM mining output, EOS RAM miners buy EOS RAM for mining, resulting in EOS RAM price rising, EOS RAM price rising, miners can recycle the EOS RAM occupied by mining stage and sell it for profit, RUTM is the EOS RAM recycle right for EOS mining account, with value basis, and the total amount will continue to decrease,At present, the total amount of EOS RAM is 142.2g, 72g has been sold, one RUTM mining out to occupy 1KB EOS RAM, one thousand RUTM mining out occupy 1m EOS RAM, one million RUTM mining out occupy 1g EOS RAM, and 80 million RUTM mining out occupy 80g EOS RAM. If the RUTM is all mining out and not recycled, most of EOS RAM will be sold out. EOS RAM rushes to the moon.

EOS RAM mining let you feels the charm of price model of EOS RAM.

Useful Links:

Github: https://github.com/baromjon/ramupthemoon

Explorer: https://bloks.io/account/ramupthemoon

Hoo Team

Dec. 2, 2019

Hoo Community:

Telegram: https://t.me/chainceChinesegroup

Twitter: https://twitter.com/hooexchange

[Hoo.com]

ETH Deposit & Withdrawal Suspended Due to Its Istanbul Hard Fork

To support the upcoming Ethereum Istanbul hard-fork, Hoo will suspend the deposit and withdrawal of ETH and ERC20 tokens, while their trading and collateral loan will not be affected. ⁣
⁣
Note: ⁣
⁣
- The hard-fork will not generate a new coin;⁣
- Your ETH assets, trading and collateral loan will not be affected during the hard-fork upgrade;⁣
- We will announce the restore of ETH deposit and withdrawal the first time when the Ethereum mainnet is stable. Please stay tuned to our Telegram and Twitter notifications.⁣
⁣
Hoo Team⁣
⁣
Dec. 6, 2019

[Hoo.com]

Hoo Weekly | Nov. 30 — Dec. 6, 2019

Welcome to Hoo Weekly!

Hoo.com is a one-stop cryptocurrency exchange which offers services including crypto trading, financing, wallet and custody, etc., aiming to discover the investment opportunities of digital assets for users.

Check out what’s going on in the past week!



Product Updates

Upgraded Hoo system
Added depth chart to the Spot Trading page on the website
Fixed he market and trading data problems
Added new iOS Testflight version for more stable operation

Hoo Dynamics

Hoo Supported the ETH Istanbul Hard-fork
To support the Ethereum Istanbul hard-fork, Hoo has suspended the deposit and withdrawal of ETH and ERC20.

Hoo Achieved a Strategic Partnership with Korean Crypto Assets Disclosure Platform Xangle.IO
On December 2, Hoo achieved a strategic partnership with Xangle, a Korean disclosure platform for crypto assets, aiming at the asymmetric information problem.

New Listings

RUTM (Ramupthemoon) Listed on Hoo.com on Dec. 2
Hoo.com enabled RUTM/USDT trading at 13:30 on December 2 (UTC+8). RUTM deposit and withdrawal was enabled at the same time.
At present, the EOS RAM pool has 4.46 million EOS(72G RAM), including B1 3.3 million (now shrunk to 2.34 million) 32G, 10.3G (750,000) has been used, B1 + 10.3G has been used = 3.1 million EOS, there are only 1.36 million EOS in the pool, most of holder are wallets and project owners, and hardcore holders such as wangruixiwww, have no speculation. The 10th holder is only 30,000 EOS.
RUTM token is live on EOS chain through EOS RAM mining.

Hoo Ecology

CoinEx Chain Super Node
Hoo.com has been a CoinEx validator since Nov. 19, 2019, and is currently ranked 17th, winning 0.90% of the total votes.
2. EOS Super Node
Hoo.com has been an EOS super node since June 8, 2019, and is currently ranked 28th, winning 1.408% of the total votes.
3. BOS Node
The BOS node, Hoocomhoocom, is currently ranked 11th, winning 2.123% of the total votes.

Hoo Statistics

[Hoo.com]

ZEC(Zcash) Deposit & Withdrawal Suspended

Dear Hoo users,

To support the upcoming Blossom upgrade of Zcash on December 11, Hoo will suspended the deposit and withdrawal of ZEC starting 17:00 on Dec. 11, 2019 (UTC+8), while its trading will not be affected. We will notify you the first time when the upgrade is completed. Please stay tuned to our official announcements.

Sorry for the inconvenience caused.

More information about its upgrade:

ANN: https://z.cash/upgrade/blossom/

Documentation: https://zcash.readthedocs.io/en/latest/rtd_pages/user_guide.html

Hoo Team

Dec. 11, 2019
 

Follow us on:

Telegram: https://t.me/chaince_foreign_group

Twitter: https://twitter.com/hooexchange

[Hoo.com]

ATOM(Cosmos) Deposit&Withdrawal Suspended Due to Its Upgrade

Dear Hoo users,

To support the upcoming upgrade of Cosmos Network, Hoo will suspend the deposit and withdrawal of ATOM starting 18:00 on December 11, 2019 (UTC+8), while its trading will not be affected.

We will notify you the first time when the upgrade is completed. Please stay tuned to our official announcements.

Sorry for the inconvenience caused.

More information about its upgrade: https://github.com/cosmos/gaia/blob/master/docs/migration/cosmoshub-2.md#risks

Hoo Team

Dec. 11, 2019

 

Follow us on:

Telegram: https://t.me/chaince_foreign_group

Twitter: https://twitter.com/hooexchange

[Hoo.com]

Hoo Launches Financing Product - Dual Currency "Coin +"

Dear Hoo User,

Hoo will launch the first financing product Dual Currency “Coin +” on 13 Dec with up to 120% ARR.

#1 Dual Currency “Coin +” information



What is Dual Currency “Coin +”?

Hoo Dual Currency “Coin +” is a floating profit product with risks of loss. The profit rate is determined before the subscription. The clearing currency depends on the price and is unknown until the product is due.

Pegged price is used to compare with the clearing price. Clearing price is the average price of BTC at 16:00 (UTC+8) on the expiration day.
BTC average price is calculated from Bittrex, Bitstamp, Coinbase, Pro, Gemini, Kraken, Itbit, LMAX Digital after capping off the highest and lowest price.

Settlement rules:

If the settlement price is lower than the pegged price, the asset will be cleared with invested coins.
If the settlement price is higher than the pegged price, the asset will be cleared with USDT.

Example:

Suppose a Dual currency “Coin +” product is shown as:



If Bob bought 1 BTC of the product on 25 Nov., when the product is due on 25 Dec：
If BTC price is lower than 7000, Bob will get 5% BTC profit, i.e., 1.05 BTC.
If BTC price is exactly 7000, Bob will get 5% USDT profit, i.e. 1*7000*(1+5%)=7350 USDT.
To conclude, Bob will always get 5% profit with BTC or USDT. It depends on the BTC/USDT clearing price.

Potential Investors:

1. Investors who predict the price will decrease and still not willing to sell at the current price.
2. Miners who hope the coins can gain appropriate profit.

Disclaimer:

1. Dual Currency “Coin +” is a derivative investment product. You should be clear with your risk tolerance, investment experience, investment knowledge before making any investment decision. If you have questions, please consult your investment advisor.
2. Dual Currency “Coin +” is not a deposit product. You may take a severe loss of your asset. You should not regard Dual Currency “Coin +” as a simple deposit or current account.
3. Crypto price may undergo severely volatility. The profit of Dual Currency “Coin +” may be greatly lower than other interest or investment products. Your asset after due day clearing may be greatly lower than your initial asset value.
4. Please be reminded that Dual Currency “Coin +” does not support cancellation or termination in advance.
5. This article only serves as a reference. It is not any kind of referral or invitation of the product. The information here may be changed at any time.

Hoo Team
Dec 11, 2019

[Hoo.com]

Hoo Listed TRB (Tellor) on December 11

Dear Hoo users,

Hoo Exchange listed TRB/USDT trading at 20:00 on Dec. 11, 2019 (UTC+8). TRB deposit and withdrawal will be enabled at the same time.



Introduction to Tellor:

Tellor is a decentralized Oracle network platform for integrating high-value off-chain data into Ethereum. The system uses the controversial miner network competition to resolve PoW problems, monitor user data requests on-chain, and monitor and receive data requests off-chain. Each successful Tellor data point will be mined using tokens, and the company has a 10% development share to support the development of the ecosystem.  MakerDAO, BinanceLabs and Consensys were among its investors.

Token supply atm: 500,000 (expected to incease to 3,000,000 in two years)

Useful Links:

Website: https://tellor.io/

Whitepaper: https://tellor.io/whitepaper/

Telegram: https://t.me/tellorchannel

Smart contract addres: https://etherscan.io/token/0x0ba45a8b5d5575935b8158a88c631e9f9c95a2e5

Hoo Team
Dec. 12, 2019

Follow us on:
Telegram: https://t.me/chaince_foreign_group
Twitter: https://twitter.com/hooexchange

[Hoo.com]

Hoo Launches Financing Product — Dual Currency “Coin +”

Dear Hoo User,

Hoo will launch its first Dual Currency financing product on 13 Dec with up to 120% ARR. The name of the product is Dual Currency “Coin +”, which is only available on the APP.

Get the APP: https://m.hoo.com/download

#1 Dual Currency “Coin +” information



Notice: The invested asset is locked after subscription. Cancellation is not supported.

What is Dual Currency “Coin +”?

Hoo Dual Currency “Coin +” is a floating profit product with risks of loss. The profit rate is determined before the subscription. The clearing currency depends on the price and is unknown until the product is due.

Pegged price is used to compare with the clearing price. Clearing price is the average price of BTC at 16:00 (UTC+8) on the expiration day.

BTC average price is calculated from Bittrex, Bitstamp, Coinbase, Pro, Gemini, Kraken, Itbit, LMAX Digital after capping off the highest and lowest price.



Settlement rules:
If the settlement price is lower than the pegged price, the asset will be cleared with invested coins.

If the settlement price is higher than the pegged price, the asset will be cleared with USDT.

Example:

Suppose a Dual currency “Coin +” product is shown as:



Suppose Bob bought 1 BTC of the product on 25 Nov., when the product is due on 25 Dec.:
- If BTC price is lower than 7000, Bob will get 5% BTC profit, i.e., 1.05 BTC.
- If BTC price is exactly 7000, Bob will get 5% USDT profit, i.e. 1*7000*(1+5%)=7350 USDT.

To conclude, Bob will always get 5% profit with BTC or USDT. It depends on the BTC/USDT clearing price.

Potential Investors:

1. Investors who predict the price will decrease and still not willing to sell at the current price.
2. Miners who hope the coins can gain appropriate profit.

Disclaimer:

1. Dual Currency “Coin +” is a derivative investment product. You should be clear with your risk tolerance, investment experience, investment knowledge before making any investment decision. If you have questions, please consult your investment advisor.
2. Dual Currency “Coin +” is not a deposit product. You may take a severe loss of your asset. You should not regard Dual Currency “Coin +” as a simple deposit or current account.
3. Crypto price may undergo severely volatility. The profit of Dual Currency “Coin +” may be greatly lower than other interest or investment products. Your asset after due day clearing may be greatly lower than your initial asset value.
4. Please be reminded that Dual Currency “Coin +” does not support cancellation or termination in advance.
5. This article only serves as a reference. It is not any kind of referral or invitation of the product. The information here may be changed at any time.
Hoo Team
Dec 11, 2019

[Hoo.com]

Reminder: Insurance Right of CKB (TCKB) Will Be Exercised Soon

Dear Hoo users,

The exercise date of the insurane right of CKB will start at 00:00 on Dec. 16 (UTC+8). Users who wish to exercise the right should return the TCKB token within the day, after which the TCKB token will be invalid. For more information, please visit https://hoo.com/power

Exercise entrance: https://hoo.com/powers/tckbtb

Notes:

Exercise price: 1 CKB+ 1 TCKB = 0.01USDT;
The refund will be sent to your wallet account within 3 workdays when the exercise is completed;
Exercise date: 00:00-24:00 Dec. 16, 2019 (UTC+8);
Minimum exercise amount: 1000 TCKB;
TCKB/USDT trading will be disabled at 24:00 on Dec. 26, 2019 (UTC+8);
The unexercised TCKB will become invalid when the exericise is completed and will all be burnt.
Hoo Team

Dec. 13, 2019
 

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[Hoo.com]

Hoo Weekly | Dec. 6- Dec. 13, 2019

Welcome to Hoo Weekly!

Hoo.com is a one-stop cryptocurrency exchange which offers services including crypto trading, financing, wallet and custody, etc., aiming to discover the investment opportunities of digital assets for users.

Check out what’s going on in the past week!



Product Updates

Optimized the “adding to favorites” feature on Web
Optimized the K line display on iOS devices
Fixed some bugs of iOS APP

Hoo Dynamics

Dual Currency Financing Plan



On December 13, Hoo launched Dual Currency Coin + financing plan, which is a floating profit financing product whose capital funds can not be guranteed. The rate of return is clear and fixed when purchased while the settlement currency is uncertain, which depends on the comparing result of the settlement price and pegged price.

If the settlement price is lower than the pegged price, it will be settled in the investment coin; otherwise, it will be settled in USDT.

New Listings

TRB (Tellor) Listed on Hoo.com on Dec. 11

Tellor, The decentralized Oracle Network platform was listed on Hoo Exchange on Decemer 11.

Hoo Supported ZEC (Zcash) Blossom Upgrade

Zcash is the first blockchain system that applied zero knowledge mechanism. Blossom is the third network upgrade for Zcash, and in accordance with the Zcash trademark agreement, it is endorsed by both Electric Coin Co. and the Zcash foundation.

Hoo Supported ATOM(Cosmos) Hub-2 Upgrade

On Dec. 12, 2019, Cosmos Hub-2 upgrade took off and Hoo.com suspended ATOM deposit and withdrawal temporarily to support its upgrade.

Hoo Ecology

1.CoinEx Chain Super Node

Hoo.com has been a CoinEx validator since Nov. 19, 2019, and is currently ranked 17th, winning 0.90% of the total votes.

2. EOS Super Node
Hoo.com has been an EOS super node since June 8, 2019, and is currently ranked 27th, winning 1.438% of the total votes.

3. BOS Node
The BOS node, Hoocomhoocom, is currently ranked 11th, winning 2.160% of the total votes.

Hoo Statistics



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[Hoo.com]

#ALGO (Algorand) Deposit & Withdrawal Suspended Due to Its Upgrade

ALGO (Algorand) mainnet is having an upgrade scheduled at block 3,705,466. To support its upgrade, Hoo will suspend the deposit and withdrawal of ALGO at 18:00 on Dec. 16, 2019 (UTC+8) while the trading will not be affected.

We will notify you the first time when the upgrade is completed. Please stay tuned to our official announcements.

Sorry for the inconvenience caused.

More information about its upgrade:

https://forum.algorand.org/t/algorand-v2-0-2-release-notes/1192

Hoo Team

Dec. 16, 2019

 

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