As per our Q2 2019 Buyback announcement, Huobi will be enhancing the current HT Token Burn Program.
From 15:00 31st July 2019 - 15:00 2nd August 2019, eligible HT holders can vote for the following two (2) proposed changes:
A) 20% of quarterly revenue will be burnt. Annual unlock of HT Team Incentive Rewards will be limited to no more than 1/3 of total HT burnt.
B) 15% of quarterly revenue will be burnt. Another 5% of quarterly revenue will be allocated to repurchase and burn a portion of HT Team Incentive Rewards, thus ensuring they no longer re-enter the secondary market.
1. Voting Eligibility Criteria: Users with more than 1HT (whole number) in their account balances as at 00:00, July 31st (GMT+8).
2. Eligible voters can only vote for one (1) of the two (2) options below, not both: This vote represents only the approval rate and will not affect your actual assets under the status of holding, lock-up, open order, etc.
3. Eligible users can vote only once during the voting window, and can only vote for one (1) of the two (2) options, not both. Votes cannot be split between options.
Voting Result Formula:
Support rate=HT votes for an option/All HT votes.
1. Eligible users can vote on the proposed changes. The option which garners the most votes win.
2. We will announce the final version of the HT Token Burn Program five (5) working days after voting ends.
Thanks for your support!
July 30, 2019