Dear Users,
Huobi Global will launch our Special Prime Trading Project: Bitcoin on May 22, 2019 (GMT+8), detailed rules are as follows:
BTC Trading Rules:
Token Name: Bitcoin (BTC)
Total Token Supply: 21,000,000 BTC
Prime Allocation: 1,500,000 USDT worth of BTC
Price Limit: Average price of HT/BTC trading pair between May 22, 2019, 16:45:00 to May 22, 2019, 17:45:00
1st Round: 50% discount off average prices
2nd Round: 12% discount off average prices
Trading Session Start: May 22, 2019, 18:00:00 (GMT+8)
Price Limit Round: May 22, 2019, 18:00:00 to May 22, 2019, 18:19:59
Special Prime Rules：
1. Huobi Global will be the initial token seller. BTC/ HT trading pair will be set up in HT Market to facilitate relevant transactions; after that, the trading will be closed.
2. 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;
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:
3. Schedule and Allocation：
Price Limit Rounds: May 22, 2019 18:00:00 to May 22, 2019 18:19:59, 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: 18:00:00—18:09:59, 20% Prime Allocation;
Second Price Limit Round: 18:10:00—18:19:59, 80% Prime Allocation;
4. Eligibility & Individual Cap: Users are eligible to participate as long as one of the following thresholds is met:
(1) Users that meet with lowest daily HT holding requirements over 7 days (May 15, 00:00:00 to May 21, 23:59:59) before launch elaborated in our Third Prime Trading rules will enjoy correspondent trading caps according to the trenches they are in;
(2) Users with a 20000 USDT worth daily average holding of BTC and/or USDT and/or NEW and/or TOP and/or TT (daily random snapshot, asset prices are based on spot prices at that moment) during 7 days period before launch (May 15, 00:00:00 to May 21, 23:59:59) will also be entitled with 2000 USDT trading cap;
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 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;
5. If found cheating, Huobi reserves the right to cancel relevant parties’ eligibility;
6. Huobi Prime BTC Trading is only open to users from countries where digital asset trading is not forbidden.
Huobi reserves the right for final interpretation.
Huobi Global
May 15, 2019
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