Starting 15:00 25th July 2019 (GMT+8), Huobi Global and Huobi Pool has collaboratively launched the Huobi Token (HT) Lock & Mining Operations. Henceforth, all HT owned by Huobi Group will be incorporated into the daily total HPT reward computation, for purpose of rewarding HT users who lock HT.
2. HT Lock and Mining Option Period: User can opt to lock HT under flexible extraction, 7 days, 30 days, 60 days and 90 days. The smallest lock quantity is 100HT.
3. Benefits of Locking HT: HPT & DPOS Double Rewards
HPT Rewards: Users who lock tokens receive daily HPT rewards. Specific reward quantity will depend on lock option period selected, quantity locked and Huobi Pool’ s mining hash power and daily float.
DPOS Rewards: All Huobi Global users with more than 1,000HPT holdings in their HBG account will receive DPOS mining rewards. Currently, token reward received under DPOS mining include EOS, TRX, CMT, ONG, IOST, ATOM, IRIS, LAMB。
4. Reward Schedule: If user locks HT on T-date (same day), reward computation will commence on T+1 (next day), and actual reward will be effected on T+2 (day after).
5. Impact of Early Redemption: Whilst early redemption of locked tokens is supported, a penalty fee will be charged.
6. Impact on Prime FastTrack: Locked HT will count towards the computation of Prime, FastTrack HT Holding snapshots, but cannot be used for HT voting or order placement.
7. Impact on HT Trading Fee Deduction: Locked HT will count towards the computation of Tiered Fee HT Holding snapshots, but cannot be used for actual trading fee deductions.
July 25, 2019