Huobi Global and Huobi Pool launched HT Locking and Mining at 15:00:00 on July 25, 2019 (GMT+8), which attracted extensive attention from HT users. Considering that HT Locking and Mining is in its early stage, Huobi Global and Huobi Pool set a product experience period to bring better service and product experience to users, which will be from 15:00:00 on July 25th to 15:00:00 on July 26(GMT+8). During the experience period, users who complete regular locking orders and withdraw in advance before 23:59:59 on July 29 are exempt from penalty.
Exemption conditions: Penalty of locking orders created during the period from 15:00:00 on July 25th to 15:00:00 on July 26, and withdrawn before 23:59:59 on July 29 ( Fixed locking orders that have not been withdrawn within the specified time are no longer eligible for return.)
Form of exemption: pay first and then return. The penalty shall be deducted by the system, and the rebate shall be refunded to the Exchange account on Huobi Global then.
Returning time: within 3 working days after the experience period (ie before 23:59:59, August 1st)
For example: Jack invested 1000 HT in locking and mining at 20:00:00 on July 25, 2019, and the locking cycle was 30 days. If withdrawn in advance at 14:00:00 on July 27, Jack must pay the penalty = (28/365) * 20% * 1000 = 15.3442466 HT, and later that will be returned to his Exchange account. If Jack does not withdraw before 23:59:59 on July 29, he will not enjoy penalty exemption.
Huobi has always been adhering to the concept of "User first", and has made unremitting efforts to promote the development of blockchain industry. Thanks for the long-term support from our users! And we appreciate all valuable advice from you!
August 1, 2019