MXC will list Soft Bitcoin（SBTC), and open trading for SBTC/USDT trading pair at 20:00(UTC+8), September 2. The specific timeline is shown below.
Trading: 20:00(UTC+8), September 2
Withdrawal: 20:00(UTC+8), September 2
Project name: Soft Bitcoin（SBTC）
Total Supply: 21,000,000 SBTC
Token in Circulation: 5,250,000 SBTC
Token Sale Price: 1.0 USDT
Token Sale Amount: 100,000 SBTC
(The data above is provided by the project party. It is for reference only.)
SBTC (Soft Bitcoin), anchors the BTC exchange rate through partial reserves, that is, long-term 1 SBTC = 0.0001 BTC. When the exchange rate exceeds 0.0001, SBTC will inflate, on the contrary, SBTC will deflate. In addition, SBTC's foundation will use the funds of the foundation to invest in relatively high-yield, low-risk projects, and part of the foundation's profits will increase SBTC's long-term value through repurchase and staking.
For more information about the project, please visit its official website below.
The supply of SBTC assets can deflate with market inflation. MXC will dynamically adjust the SBTC held by users from 10:50-11:30 (UTC+8) daily according to the official SBTC arrangement. The adjustment period will be closed. The deposit, withdrawal，trading functions will be suspended and users' SBTC pending orders will be canceled. According to SBTC's official recommendation, users should not perform on-chain transfer operations, including deposits to exchanges during the period when SBTC is adjusting its supply.
Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MXC Exchange will make best efforts to choose high quality coins, but will not be responsible for your investment losses.
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Enjoying your trade on MXC.
The MXC team
September 2, 2020