Huobi Global will Launch Third Prime Trading Project Reserve Protocol on May 22, 2019

Dear Users,

Huobi Global will launch our third Prime Trading Project: Reserve Protocol on May 22, 2019 (GMT+8). Based on rules of our second Prime Trading, we broadly listened to user feedbacks and suggestions. Hence we are improving the rules as follows:

1. Trading Mode: Users can participate through market orders in HT Market on Huobi Global;
2. Eligibility: Due to overwhelming demand for the previous two Prime Trading projects and low successful rates, we have lifted the threshold to participate as: lowest daily HT holding amount over 7 days period before launch to be 1000 HT (May 15, 00:00:00 to May 21, 23:59:59), and HT holding will be determined based on daily random snapshot of account holding;
3. Trading Rules:
There will be two tiered price limit rounds, each round with 10 minutes, up to 20 minutes in total. Each round will have a price range (the highest tradable price), and users are able to trade within such predefined range;
The first round will still be completed on a first come first serve basis through market orders, and the second round will be completed through system matching;
(1) All orders at the highest buy price will be filled partially;
(2) Amount filled is positively correlated to the size of the order;
(3) Order amount expected to be filled:

Schedule and Allocation：
Price Limit Rounds: May 22, 2019 20:00:00 to May 22, 2019 20:19:29, divided into two rounds, each round will last 10 minutes, with first 5 minutes for trading and latter 5 minutes for clearance;
First Price Limit Round: 20:00:00—20:09:59, 20% Prime Allocation;
Second Price Limit Round: 20:10:00—20:19:59, 80% Prime Allocation;
4. Individual Cap:
Individual cap is proportional to lowest daily HT holdings over 7 days period before launch date, please see the following reference table for more info (May 15, 00:00:00 to May 21, 23:59:59):

Trench	Lowest Daily HT holding（in HT）	Individual Cap (in USDT)
First Trench	1000≤x<2000	400
Second Trench	2000≤x<3000	800
Third Trench	3000≤x<4000	1200
Fourth Trench	4000≤x<5000	1600
Fifth Trench	x≥5000	2000

Reserve Protocol Prime Trading Details:
Token Name: Reserve Rights Token (RSR)
Total Token Supply: 100,000,000,000 RSR
Prime Allocation in Total: 3,000,000,000 RSR (3% of Total Token Supply)
Prime Allocation in Each“Price Limit” Round: 600,000,000 RSR, 2,400,000,000 RSR
Price Limit: The highest tradable prices are 1RSR = $0.0006, 1RSR = $0.0011

User Guide:
Reserve Protocol Introduction

Further Notice:
1. API orders are forbidden during “Price Limit” rounds;
2. Prime Trading is available through Web, PC client and App;
3. All partially filled orders during second round will be cleared automatically;
4. Trading Protection: In order to avoid extreme price volatility due to exuberance, we will restrict the use of market orders within 5 mins after official trading opens and users are unable to place orders at prices 5 times higher than the highest tradable price during our Second Price Limit Round;
5. Trading digital assets comes with high risks due to huge price fluctuations. Before investing, please have full understanding of all the risks in investing in digital assets and be prudent of your own decisions. Huobi does not take responsibility for any resulting direct or indirect losses;
6. If found cheating, Huobi reserves the right to cancel relevant parties’ eligibility;
7. Huobi Prime is only open to users from countries where digital asset trading is not forbidden.

Huobi reserves the right for final interpretation.

Huobi Global
May 13, 2019