The event, LXT Launched on Huobi Pool, Lock and Share 3 Major Benefits, will be held from 12:00 on September 20, 2019 to 24:00 on September 26, 2019 (GMT+8), in a bid to celebrate LXT mining launched on Huobi Pool. During this period, users who lock up LXT will be entitled to three major benefits as follows.
Benefit 1: Lock up to Share up to 600,000 LXT
In the event, users registered with their real names may lock up≥4,000 LXT in Huobi Pool by choosing non-flexible lockup plans (7d, 30d, 60d or 90d). Then, they will be eligible to snatch a share of up to 600,000 LXT.
During the event, users will split the reward in proportion to the share of LXT they lock up out of the total lockup volume. Below is the breakdown of rewards.
- If the total lockup volume ≤ 15 million, 200,000 LXT will be shared;
- If 15 million < total lockup volume ≤ 35 million, 400,000 LXT will be shared;
- If 35 million < total lockup volume, 600,000 LXT will be shared.
Note: The tokens in withdrawal process during the event will not be counted in the reward. Rewards for different lockup plans of the user will be counted separately.
Upgraded Rewards: HPT Holders Enjoy Several Times Higher Rewards
HPT holders (random snapshots will be taken during the event) are entitled to rewards multiple times higher. The final lockup volume of an HPT holder equals to certain times the multiple of actual lockup volume. The details are as follows.
|HPT Holding||Stake Multiple（7d & 30d）||Stake Multiple（60d & 90d）|
|HPT holding＜10,000||No multiple||1.2|
|500,000≤HPT holding<1 million||1.8||3|
|HPT holding≥1 million||3||3.6|
i.e. If a user locks up 10,000 LXT for 90 days and holds 2 million HPT during the event, the final lockup volume will be 10000*3.6=36,000.
Then the final reward the user can get =36000 / the total LXT lockup volume calculated according to the benefit multiple * the total reward
Official website of Huobi Pool: https://www.hpt.com/
Click here to lock LXT: https://www.hpt.com/savings/add?code=wf5q&coin=lxt
APP download link: https://www.huobipool.com/download
Benefit 2: “Locking is Mining”
Users who lock up≥4,000 LXT by choosing any flexible lockup plans are entitled to daily HPT revenue (T+1). The more LXT is locked up, the longer it is locked, the more HPT revenue the user will get.
Length multiples: users may select from a range of lockup periods, including flexible withdrawal, 7d, 30d, 60d and 90d. The multiples for each length are 100%, 150%, 200%, 250% and 300% respectively.
For detailed rules of calculation, please refer to Huobi Pool Global Token Model at https://huobi-pool-service.s3-ap-northeast-1.amazonaws.com/prd/hpt/doc/HuobipoolTokenWhitepaperZH.pdf
Benefit 3: HPT Holders Will Get Stake Revenue of EOS TRX ONG CMT IOST IRIS ATOM NEW LAMB
According to Huobi Pool Global Token Model, holders with≥1,000HPT will get a daily stake revenue in forms of EOS, TRX, ONG, CMT, IOST, IRIS, ATOM, NEW and LAMB (T+1). The formula is as follows.
Daily available volume for delivery: 51% of the profit from nodes of Huobi Pool
1. It takes 7 days to withdraw LXT after the lockup period terminates.
2. Rewards for Benefit 1 will be delivered to users within 7 days after the event ends (Rewards lower than 0.0001LXT will not be delivered).
3. How T+1 is calculated: lockup on the first day, settlement on the second day and reward delivered on the third day.
4. Huobi Pool reserves the right of final interpretation for the event. In the case of cheating, fake data or contra trade, Huobi Pool has the right to disqualify the user from the event.
5. Risk reminder: as an innovative investment product, digital assets feature great volatility in price. Please be rational in evaluating your investment ability and be prudent in making investment decisions.
September 20, 2019