Dear BitZ users, partners:

Recently, the concern of the blockchain industry in mainland China has continued to heat up, and higher requirements have been placed on the standardization of the blockchain industry. The BitZ user community also provides feedback and suggestions on the performance of the project side assets. As a neutral third-party trading platform, BitZ fully promoted the upgrade and optimization of the internal risk control mechanism specification from the date of publication of this announcement to January 1, 2020, including:


1. Launch review:

From now on, the BitZ platform will conduct more dimensional screening and research on the launch project, including not limited to technical strength, innovation performance, economic model, community performance, past history, and legality of project subjects. Effective information disclosure is also provided for projects that plan to be launch.

Further expand the role of the member of the credit review committee. In addition to the original platform members, users with high community loyalty and rich trading experience will participate in the review and jointly play the role of quality asset screening and process supervision.


2. Trading risk control:

In order to maximize the protection of investors' rights, the BitZ platform has set clearer and stricter risk control indicators for the daily trading performance of the projects already launched. According to the relevant indicators of the project, the projects that do not meet the standards will be warned, hidden, and removed. For details, see "Adjustments to regulations of hidden transaction and offline on BitZ"

During the implementation process, community users are welcome to supervise. After receiving feedback from users, the BitZ platform will immediately implement the corresponding risk control regulations once verified.

At the same time, as of January 1, 2020, the BitZ platform will supervise and rectify the original projects based on the new regulations, and projects that do not comply with the risk control provisions will be forced to go offline.


3. Data transparency:

The BitZ platform will launch the Data Transparency Plan in the near future. The plan aims to create a more transparent trading environment, provide data-level service and support for investors' investment decisions by disclosing data on the number of holding positions and proportions of projects on the BitZ platform to trading users.

At the same time, BitZ will also collect project proponents from the platform to participate, and hope that the project side will continue to cooperate with the platform to further improve its own standards and risk control.

Maintaining user rights and embracing the regulatory policies of the countries in which the investors are located, the BitZ platform will continue to strengthen the sense of risk control and responsibility of each employee. Thanks to every user for the trust and support of BitZ as always, we will move forward.


Risk Warning: Digital currency is a high-risk investment method. All projects on the BitZ online do not represent the platform's recommendation for the project. Investors are advised to invest carefully according to their personal judgment.

BitZ Recommending Function

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Risk reminder: Cryptocurrency asset is a kind of innovative investment product with volatile prices. BitZ serves as a neutral trading platform, established only for providing convenience for cryptocurrency enthusiasts trading cryptocurrencies,and assumes not liability of guarantee of or compensation for the investment value of coins. Please make a rational estimation on your investment ability and make prudent investment decisions.

Thank you for your support!

BitZ Team


Nov 22, 2019

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