1. Qualified Voters: Only for accredited investors (byHuobi NEXT invitation only) with a net account balance holding no less than USD 1.5million equivalent digital assets for institutions, and USD 450,000 for individuals. Since Huobi NEXT voting under this category is “By Invitation Only”, voters who have been invited but not meeting this minimum holding requirement should inform Huobi NEXT immediately.
(1) The voting starts after the 7 Day Presentation, and the voting will last 1 hour.
(2) Project team shall provide voting rewards meeting one of following requirements:
· no less than 20% of the circulated token supply; or
· no less than 10% of the total token issued; or
· no less than USD 10 million equivalent tokens (for public trading tokens, or tokens priced at fair value, the reference price will be the preset token price for voting rewards)
(3) Project team determines a voting target as in HTs. In the Public Voting stage, the number of votes can exceed the target number.
(4) Individual voters can vote with an amount of 10,000 to 50,000 HTs. Institutional voters can vote with an amount of 10,000 to 200,000 HTs.
(5) The token rewards will be allocated on a pro rata basis to voters of winning projects. And the excess part will be returned on a pro rata basis in proportion to the votes cast by the voters.
Example: Project A sets a voting goal of 100,000 HT and offers 100 million tokens as voting reward. There are five people who voted and each cast 40, 000 HT. Then each will receive 20 million tokens as voting incentives and get 20, 000 HT as the vote refund.
Note: Cheating is not allowed during Public Voting. Project team committed cheating would be disqualified.
Huobi Win-win Fund Voting for Huobi NEXT projects.
As stated in the latest HT buy-back announcement by Huobi, 20% of its revenue would be used to buy back HTs on the secondary market, these HTs will now go to the Huobi Win-win Fund. Whether this fund will vote for a Huobi NEXT projects is decided by HT holders. After all the voting activities, the leftovers (HTs) of the Huobi Win-Win Fund will all be airdroped to HT holders.
1. Huobi Win-win Fund can vote for Huobi NEXT projects with HTs, and the voting rewards will be airdropped to all HT holders.
2. HT holders may cast affirmative or dissenting votes on a project during the 7-day presentation. The voting right is in proportion to the HT balance of one's account.
3. Huobi Win-win Fund only votes for the projects if more than half of the votes are affirmative.