Huobi Global’s FastTrack Phase 1 Round 4 Vote-to-List premieres July 04.
Changes to FastTrack rules are as follows:
Users with FastTrack voting eligibility can directly vote for the sole remaining project (Origo.Network). The remaining project, Origo.Network, will successfully list on Huobi Global the same day if the total votes received are equal or greater than the average number of votes received in the previous 3 rounds. (i.e. 27,546,265 HT).
On the other hand, if the total number of votes do not meet the minimum vote count threshold, then the project will still have other opportunities in the future.
FastTrack Fourth Round Project Details ( @ HT = 4.15 USDT)
Distribution Token Amount ：32,037,933 OGO
Price After Discount：0.015607 USD = 0.003761 HT
Project Introduction：Click here for more
Voting Stage: 20:00:00 – 20:59:59 July 04, 2019(GMT+8) (1 hour in total);
Token Exchange: 21:00:00 – 21:09:59 July 04, 2019 (GMT+8);
Listing Stage: 22:00:00 July 04, 2019(GMT+8); Winning Project will be eligible for listing. Deposit/Withdrawal services will be available from 21:15:00 on July 04, 2019 (GMT+8).
Token Exchange Rules:
1. If successfully listed, the system will automatically, all participating HT voters who have voted for the project token will be eligible to purchase the said tokens at the discounted price (80% of all Volume). Remaining HT arising from the token exchange will be returned to the users after the voting stage. Approximately 500,000USDT worth of HT tokens will be burnt the same day.
2. If the project fails to list, all HT votes will be returned to the participating HT voters.
3. If successfully listed, thirty(30) lucky users amongst the participating HT voters who voted for the winning project will be able to purchase 20% of all volume for the project token.
Click here for FastTrack Voting Rules
1. FastTrack will continue to enforce Prime Lite 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 Price Limit Round;
2. Huobi reserves the right to void a project’s vote count, or eliminate FastTrack voting eligibility if signs of cheating are discovered.
Risk Reminder: Digital asset trading comes with high risks. Please have full understanding of all the risks of trading digital assets and be prudent of your own trading decisions. Huobi will review and select the digital assets to be listed and traded, but does not guarantee or compensate for any return or risks thereafter.
July 04, 2019