DearHooUsers:ThankyouforsupportofHooforfouryears,andaccompaniedHoothrough1497days.AtthebeginningoftheestablishmentofHoo,Hooaspiredtobetheeasiestexchangeforusersandby“maketraingeasier”asslogan.Inthisprocess,Hoohasdevotedalotofhuman,materialandfinancialresources.Uptonow,Hooisstilliteratingandupdatingcontinuously.Theoriginalintentionhasnotchanged,andthereisstillalongwaytogo.Inall,Thankyouallforyourlong-termsupportandtrust.Recently,duetotherapidchangesinmarketconditions,manyexternalinvestmentinstitutions,chains,lendingprojectsandplatformshavesuccessivelyencounteredproblems,Hooisresultinginagapinourcashflow.Ourteamareactivelycommunicatingwithothers,andstrivetorecoverthefundsscatteredoutsideasquicklyaspossible.Hooisindeedfacingchallengescurrently,butatthistime,themoreweneedeveryone'ssupport,WehopeeveryonecangiveHootrustandunderstanding.Inordertosolvetheproblemofcashwithdrawalassoonaspossible,ensurethatuserassetsarenotlosttothegreatestextent,andresumeplatformoperations,HoowilllaunchaDebt-to-tokenconversionplanandapartnerinvestmentplan,andoptimizefinancialderivativesfuturestradings.Thespecificplansareasfollows:I.Debt-to-tokenconversionplan1.WhatistheDebt-to-tokenconversionplan?TheDebt-to-tokenconversionplanmeanstoconvertsomeoftheexistingassetsofusersontheplatformthroughDebt-to-tokenconversion,allowinguserstofreelytradeintheInnovationzoneanddirectlyexchangeatequivalentmarketprices.Thedetailsareasfollows:1)Theuser'scryptoassetsontheplatformwillbeconvertedintothesameamountofdebttoken.Forexample:1USDT=1HUSDT(HooUSDT),thedebttokencanbefreelytradedinInnovationzone;2)Hoowilllaunchstablecoin?IUSD(InvestmentUSD),1IUSD=1USD,IUSDistheunitofreferenceintheinvestmentofpartners;3)Inadditiontotrading,userswhoholddebttokencanalsouseswapfunctiontoexchangedebttokenforIUSDandparticipateinpartnerinvestmentbusiness.Theexchangepriceofdebttokenisanchoredtothemarketprice;4)UserswhoholdIUSDcantransferfundsbetweenuserswithintheplatform;2.Debt-to-tokenconversionimplementationplanHoowillofficiallylaunchtheDebt-to-tokenconversionplanonAugust1,2022.WhentheDebt-to-tokenconversionplanisinprogress,allusertradingswillbeclosed.Inordertoavoidlosses,pleasecancelallpendingordersforyourbusinessintime,andtransferallyourassetstothewallet.Allpendingordersoftheuserwillbeautomaticallycancelled,andyourassetswillbetransferredtothewallet.ItisplannedtoopentheInnovationzoneonAugust5,andtheuser'sdebttokencanbefreelytraded.Theexpectedtimescheduleisasfollows:1)August1---------Alltradingserviceswillbestopped,allbusinessstatuswillbecancelled,anduserassetswillbetransferredtothewalletaccount.2)August3---------Debt-to-tokenconversionplanimplementation.3)August5--------Opendebttoken/USDTtrading(Innovationzonetrading)II.Partnerinvestment1.Whatispartnerinvestment?PartnerinvestmentisasolutionwhereuserscanparticipateinHooEarnwiththeirIUSDholdings,unlockthemregularly,andgetanadditional200%ofadditionalincome.Detailsasfollows:1)UserscaninvestIUSDintheFuturesinvestmentproductintheHooEarnZone.2)Partnerinvestmentincomerules:AftertheuserIUSDparticipatesinHooEarnbusiness,theassetswillbelocked,andthetimewillstartthenextday,and0.01%(basicratio)oftheinvestedamountwillbeunlockedeverydaytothecorrespondingwalletaccount(theunlockingratiowillbedynamicallyadjustedaccordingtotheactualsituation.).Theextra200%willbeunlockedinsequence.
3)Unlockedtoken:DailyunlockedfundswillbeissuedintheformofHOOtokens.2.PartnerInvestmentExecutionPlanHoowilllaunchtheDebt-to-IUSDfunctiononAugust8,andthepartnerinvestmentfunctiononAugust15.Theexpectedscheduleisasfollows:1)August8---------TheDebt-to-tokenexchangefunctionwillbelaunched.2)August15---------IUSDEarningfunctionwillbelaunched.III.FuturesbusinessoptimizationHoowillcompletetheupgradeofFuturessystemonAugust15.Theconvenienceofusersisalwaysthedirectionofourprogress.Finally,HooteamswouldliketoexpressourapologiestotheloyalusersofHoo.Itisourpredicamentthathasbroughtyoualotofinconvenience.WehopethatthroughourDebt-to-tokenconversionplanandthechangeswearemaking,wecanmakeupforeveryone'stimelossandbringbenefitstoeveryonethroughlong-terminvestment.Hoohopesthatinthedaystocome,wewillbeabletoworktogethertoovercomethedifficultiestogether,andHooisfortunatetohaveyourcompany!TheHooteamisactivelydealingwiththecurrentissues.Forthelatestprogress,pleaserefertothelatestannouncementissuedbytheHooteam.HooGroupJuly24,2022
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