After communicating with ONG project team, Huobi Global will support distribution of ONG. All users who hold ONT on Huobi Global can receive the ONG generated by ONT. Specific rules are as follows:
1. Daily settlement based on snapshot
The amount of ONG received by a user per day = [The amount of ONG received by Huobi Global per day] * [The share of the user’s holdings (i.e. the amount of ONT held by the user per day / the total number of ONT held by Huobi Global per day)].
2. Monthly distribution
Amount of ONG received by a user per month= Monthly cumulative sum of amount of ONG received by the user per day.
We will take snapshots of ONT holdings of Huobi Global and Huobi Mining Pool at 23:59:59 (GMT+8) every day to make a daily settlement. The release of ONG will be accumulated on a monthly basis, and be completed by the first 10 days of the following month. The first release of ONG will be completed by October 10 (GMT+8), 2018, with the daily snapshots taken from July 19 (GMT+8), 2018 to September 30 (GMT+8), 2018.
Note: Huobi Global will start the deposit of new coin of ONT on July 19 (GMT+8), 2018, so the settlement of ONG will begin on July 19 (GMT+8), 2018.
September 7, 2018