Dear CITEX users,
Due to the contract mechanism characteristic of HD, for each on-chain transfer, 10% of the transferred amount will be automatically destroyed. The on-chain transfer accuracy of HD is set at two decimal places and the third decimal place is directly deleted (without round-off). The specific destruction for deposit and withdrawal is decided jointly through the discussion of the Chinese community for HD and CITEX.
Destruction will occur when users deposit HD to users’ wallet on CITEX;
Destruction for top-up: 10% will be destructed for a top-up to CITEX users’ wallet.
When a user deposit 1 million HD to the user’s wallet on CITEX, 0.1 million HD will be destroyed, leaving 0.9 million HD.
To guarantee the safety of assets, the system will carry out destruction when transferring assets to the CITEX wallet; when a user withdraws the coins, destruction will be carried out for a transfer from the CITEX wallet to the user’s address; the CITEX platform will charge a fixed withdrawal fee of 300 HD in advance when a user withdraws the coins.
Destruction for withdrawal: 10% for asset transfer to the CITEX wallet + 10% from the CITEX wallet to the user’s address
Withdrawal fee: 300 HD
Minimum withdrawal: 3,000 HD
When a user withdraws 900,000 HD, the CITEX will deduct a fixed transaction fee of 300 HD, leaving 899,700 HD; when the asset is transferred to the CITEX wallet, 89,970 HD will be destructed, leaving 809,730 HD; when the asset is transferred from the CITEX wallet to the user’s address, 80,973 HD will be destructed, leaving a final credited withdrawal of 728,757 HD.
Thanks for your understanding and support!
Sep 4, 2019