The last open testing phase of HitBTC mobile app was completed

Dear HitBTC users!

The last phase of the Open Testing of HitBTC mobile app has been completed and the winners of the Feedback Contest have been selected!
We have received a lot of informative reviews and valuable suggestions that helped us to improve the application significantly before the official public release. It was quite hard to choose the winners. However, the commission of our dedicated experts has made their decision, and the prize pool has been distributed.

We would love to thank all the participants and we can’t wait to show you the final product!

Here’s a rundown of what we gathered from the testing period:

* More than 2,000 users installed our mobile app
* 478 users submitted their feedback
* 33 crashes and bugs were fixed
* 16 new features were added into our mobile app

As of now, we are making final adjustments and running some more tests before the official release of our application.
Please follow our blog for further updates.

GRIN launch announcement

Dear traders,

We are happy to announce integration of Grin ($GRIN), the private, scalable and open electronic transaction service.

Grin is an open source software project that implements a MimbleWimble blockchain. MimbleWimble is a blockchain format and protocol that provides scalability, privacy and fungibility by relying on strong cryptographic primitives. Grin empowers anyone to transact or save money without of external control or oppression.

Trading pairs for GRIN are now available with such parameters:

GRIN/BTC – https://hitbtc.com/exchange/GRIN-to-BTC
Lot 0.01 Price step 0.00000001
GRIN/ETH – https://hitbtc.com/exchange/GRIN-to-ETH
Lot 0.01 Price step 0.0000001
GRIN/USDT – https://hitbtc.com/exchange/GRIN-to-USDT
Lot 0.01 Price step 0.00001

In addition, we will soon open deposits and withdrawals, stay tuned for new updates.

For more information about GRIN, visit https://grin-tech.org/

Ormeus Coin Swapping

We are pleased to announce the support of ORME Token Swap. New coin will be traded under the new ticker $ORMEUS. The token swap has been going on for a couple of weeks now, and it is of the utmost importance that every person who owns ORME coins and is holding them has to do the swapping process manually; coins will not be swapped automatically by Ormeus or any other exchange.
If you are storing your coins on a private wallet or on different exchanges, there are a few steps you have to follow to manually send your tokens to AirWire.

https://medium.com/ormeus/official-orme-token-swap-announcement-swap-starts-on-february-10th-e91b409e5d06

As many of you already know, Ormeus team partnered with AirWire earlier this month following the Cryptopia hack, as a way of upgrading their token storage security.
For this purpose, Ormeus team decided to transfer all the ORME coins into AirWire’s platform; new tokens will be created and switched for the currently issued tokens. This process is to be done by the users.

The new $ORMEUS coin will be re-launched on HitBTC, however, no swapping will be made automatically by the exchange. The Ormeus team stated that the benefit of being on the exchange is its quality; which will “offer [the] community the greatest benefits including good trading volume, stability and security”. Wait for the official announcement from Ormeus or HitBTC. Trading pairs for ORMEUS/BTC, ORMEUS/ETH are coming soon!

Trading Fee Tier Program Announcement

Dear Traders,
We would like to announce our new trading fee tier system which will reward our community
members for high volume trading. Furthermore, by incentivizing high trade volumes we
anticipate an increase in liquidity to all trading pairs creating an even better trade environment
for all members.

Tier table can be found at the bottom of the page

How it works:
– To put it simply, the more each user trades, the lower their trading fees will be.
– Each day at 00:00 AM UTC the trade volume of the users past 30 days will be calculated
and their fees will automatically be updated within the hour.
– The users trade volume will be determined according to the total amount traded
equivalent to BTC at the time of the trade.
– In addition to rewarding high volume users, long time and high activity users can also
expect special conditions and will be contacted directly.
The trading fee tier system will be implemented in two stages:
Stage One: On 27 February at 20:00 the Fee Tier page will be added to the site introducing users to the
new system. This page will show each user their current trading fee, 30 day volume, and
expected new fee.
Stage Two: On 6 March at 20:00 the fee tier system will go live and the new tier structure will be
implemented.
Additionally, we would also like to take this opportunity to invite professional traders to visit our
partnership company, bequant.io, which aims to provide special conditions for institutional
traders.
For any questions about our new trading tier system please feel free to reach out to us in our
Telegram support chat: https://t.me/EN_HitBTC

Level Volume, BTC Maker Fee, % Taker Fee, %
0 >= 0 0.1 0.2
1 >= 100 0.08 0.2
2 >= 200 0.06 0.2
3 >= 500 0.04 0.2
4 >= 1 000 0.02 0.2
5 >= 1 500 0.0 0.2
6 >= 2 000 0.0 0.18
7 >= 3 000 0.0 0.16
8 >= 4 000 0.0 0.14
9 >= 5 000 0.0 0.12
10 >= 6 000 -0.01 0.1
11 >= 60 000 -0.01 0.09
12 >= 200 000 -0.01 0.085
13 >= 600 000 -0.01 0.075
14 >= 2 000 000 -0.01 0.06
15 >= 6 000 000 -0.01 0.055

HitBTC will support the next stage of Ethereum (ETH) Constantinople hard fork

Dear traders,

HitBTC will support the next stage of Ethereum (ETH) Constantinople hard fork. The upgrade is estimated to take place on 28 February 2019 after being postponed due to the need for further investigation of potential risks identified by ChainSecurity (https://blog.ethereum.org/2019/01/15/security-alert-ethereum-constantinople-postponement/). The fork will happen approximately on block #7,280,000. Two protocol upgrades (Constantinople and St. Petersburg) will need to occur on the same block number in order to fix issues on various Ethereum test networks.

If you are holding Ethereum on HitBTC account, you don’t have to do anything, as we will handle all the technical requirements involved with the upgrade, please be assured that the funds will be safe at all times.

You can monitor the network upgrade in real time at http://forkmon.ethdevops.io/

Read more about Ethereum Constantinople hard fork in our previous blog post: https://blog.hitbtc.com/hitbtc-will-support-the-upcoming-ethereum-eth-constantinople-hard-fork/
or in Ethereum’s blog post: https://blog.ethereum.org/2019/02/22/ethereum-constantinople-st-petersburg-upgrade-announcement/

The first stage of the BTT Airdrop to TRON (TRX) holders

We have successfully supported the first stage of the BTT Airdrop to TRON (TRX) holders. In total, 10,890,000,000 BitTorrent (BTT) are currently being distributed for the next 12 months, corresponding to 1.1% of the total supply. All funds transferred to us from the BitTorrent Foundation were distributed among the TRX holders.

The current ratio of BTT airdrop is 1 TRX = 0.109768 BTT. The next distribution stage should take place around the 11th of the next month. We will continue to support further distribution steps in accordance with the BTT Airdrop plan.

Read more about the following distribution steps in the BitTorrent Foundation blog: https://medium.com/bittorrent/bittorrent-foundation-unveils-more-details-regarding-bittorrent-btt-airdrops-for-tron-trx-8bbd194f8a87

If you have any questions or queries, please reach out to our support team at support.hitbtc.com

Open Android Beta Test

Android App Screenshot

Dear traders,

We completed the first testing stage of our application on Android at the beginning of January. The results of the test and your feedback were instrumental for us to prepare for the public release of our app. Our goal is to continually improve, and since we are ready to launch open testing (the last stage before the public release), we are inviting you to take part and contribute directly with the HitBTC project.

As a token of gratitude for your valuable help and feedback, we have put a prize pool equivalent to $1,000 to be distributed among three different prize winners. Our group of experts will review the feedback you submitted and will choose the three most useful instances of feedback. There will be $500 for the first place, $300 for the second place, and $200 for the third. The winners will be decided based on their contribution regarding comments and critical bugs/crash findings.

To take part in testing, you need to fill out the feedback form. We will stop accepting your surveys at 8:00 UTC, 14 February.

Link to download the application: https://play.google.com/apps/testing/com.hittechsexpertlimited.hitbtc
Link with the form of feedback: https://support.hitbtc.com/hc/en-us/requests/new?ticket_form_id=360000153000

HitBTC will support the upcoming Ethereum (ETH) Constantinople hard fork

Dear traders,

HitBTC will support the upcoming Ethereum (ETH) Constantinople hard fork. It includes five separate Ethereum Improvement Proposals (EIPs) and is taken as a step to transit from the Proof of Work (PoW) protocol to a more energy efficient Proof of Stake (PoS) consensus algorithm. As expected, this update will make the ETH network faster and less costly to operate.

Please leave sufficient time for deposits to be processed in full prior to the block height shown below. We will handle all the technical requirements involved for all users holding Ethereum in their HitBTC accounts, please be assured that funds will be safe.

We have always supported all the significant forks, endorsed by the community and oriented towards improving the blockchain ecosystem. We were amongst the first to support BCH and ETC forks, and users can be assured that their accounts will be credited for the different forks if any occurs.

For more details, please refer to the Ethereum meeting at: bit.ly/2BWTJPH

Hard Fork Block Height: 7,080,000

Estimated Time: Between 2019/01/14 and 2019/01/18

Please follow our blog for more news and official announcements!

We thank you for your support and for using our service.

TUSD smart contract address update

Dear traders,

TUSD (TrueUSD token) will be upgrading its smart contract at 3:00 UTC of January 4th. The new TUSD address will be 0x0000000000085d4780B73119b644AE5ecd22b376.

To upgrade the contract, TrueUSD will use their DelegateERC20 feature. The old contract will continue to function with zero downtime; however, after the upgrade, ERC20 events will only be emitted from the new contract. This means that HitBTC and other exchanges and apps that rely on ERC-20 events will upgrade to the new contract address. Specifically, we rely on Transfer events to process transactions.

In other words, both TUSD contracts, old and new, will keep working and affect the same balance entities; but each contract will emit its own Transfer events, and we cannot automatically process payments from two different contracts for the same currency.

What does this mean for users?

  1. If you use your own ETH wallet, please update the contract address you use to make TUSD transactions. Check TUSD’s official announcement if you have any questions about this.
  2. If you use a 3rd party service, please ask your service provider to upgrade the TUSD contract they use.
  3. If you cannot find a deposit you made, check whether you may have used the old address by accident. If so, please contact their support center. No user’s balance should be affected because of this upgrade.
  4. There might be a deposits/payouts downtime of 15 minutes on our side; we need to make sure that the contract swap went smoothly.

Remember: the new TUSD address is 0x0000000000085d4780B73119b644AE5ecd22b376.

Thank you for reading, and happy trading!

HitBTC 2018 Review

2017 was the year of the amazing bull run; the year the value of Bitcoin grew 1,950%; from $974 to $20,000. Not the year of mass adoption, but certainly the year that blockchain and cryptocurrencies crossed over into mainstream awareness. And the latter is – though admittedly less exciting – a prerequisite for the first.

But that was last year. Today, as end-of-year analyses begin to populate blogs and news portals, we search for an appropriate title for 2018. The year of the disquieting bear market? The year of regulatory backlash? The year of correction?

We cannot claim to have the definite title for 2018. But, in this post, we do look back on some of the events that sculpted the crypto financial year, reflect on what awaits us in 2019, and leave any title searching up to you. What will the year 2018 go down as in crypto history?

Continue reading