Dear Hoo users,
Hoo will suspend AMPL trading at 12:00 on July 31, 2020(UTC+8).
Due to the flexible supply protocol design of AMPL (Ampleforth: the smart commodity money with a unique elastic supply protocol), a certain development period is required after evaluation.
AMPL supply expands and contracts in response to it’s price deviating from a 1 USD target. Deviations result in a supply change of AMPLs once every 24 hours, increasing or decreasing the number of tokens in each holder’s wallet pro-rata.
In order to protect the safety of users' funds, Hoo will suspend the trading of AMPL tokens, and AMPL deposit function disabled already.
Please stay tuned to our official announcement of reopen time of trading and deposit. Sorry for any inconvenience caused. Please feel free to reach out if you have any questions, you can ask help from our online support or submit ticket to our customer service.
Thank you for your support on Hoo!
July 30, 2020