To celebrate the launch of TRC20-USDT, Huobi Global and the TRON project team is proud to announce the “TRC20-USDT Bonanza” promotion, details as follows:
Promotion Period: 0:00 22nd October to 0:00 1st November 2019 (GMT+8)
Promotion 1: Deposit TRC20-USDT To Enjoy TRC20-USDT Reward
During the promotion period, users with Net Deposits (Deposits minus Withdrawals) of at minimum 100 TRC20-USDT can enjoy TRC20-USDT rewards exclusively from TRON.
Promotion 2: Top TRC20-USDT Net Deposit Users Share 320,000 TRC20-USDT
During the promotion period, users with minimum 100 TRC20-USDT Net Deposits (Deposits minus Withdrawals) will be ranked, and users with the Top 20 Net Deposit ranking position during the promotion will share 320,000 TRC20-USDT rewards as follows:
|1st Place||100,000 TRC20-USDT|
|2nd Place||60,000 TRC20-USDT|
|3rd Place||40,000 TRC20-USDT|
|4th Place||20,000 TRC20-USDT|
|5th Place||10,000 TRC20-USDT|
|6th – 20th Place||Equal Share of 90,000 TRC20-USDT|
Terms & Conditions:
1. Users can participate in both promotions simultaneously.
2. Promotion Period: 0:00 22nd October to 0:00 1st November 2019 (GMT+8).
3. Users can monitor their TRC20-USDT net deposit position, ranking position and reward details starting 22nd October. Nevertheless, whilst the aforementioned data is scheduled to be updated on an hourly basis, there could be latency delay.
4. Net Deposit = Deposit minus Withdrawal, where scope definition of Deposit = TRC20-USDT, scope definition of Withdrawal =all 3 USDT chains including ERC20, OMNI, TRC20, with no impact on trading.
5. Computation logic：Hourly Reward = Min（Net Deposit USDT holding balance）x 0.3 ÷ 365days ÷ 24hours.
If User A deposits 10,000 TRC20-USDT on 23rd October, with no USDT withdrawal or trade, this translates to reward computation based on a 10,000 USDT holding balance.
If User sells 8,000 USDT on 24th October, reward computation from 24th October onwards will be based on a remaining 2,000 USDT holding balance.
Whilst holding balance impacts reward computation, net deposit rankings will not be impacted.
6. Parent and child accounts are deemed as a single account under this promotion.
7. Reward distribution: rewards will be distributed 2 weeks after promotion ends. Reward recipients can check their account balance transaction history for distribution records accordingly.
8. The rules and regulations of the promotion shall be subject to Huobi’s final interpretative decision and we reserve the rights to disqualify any person who is known or suspected to be cheating or violating any rules and regulations set by Huobi.
TRC20-USDT refers to USDT issued by Tether on the TRON network. The token deposit address is the TRON address, and deposit and withdrawals will be taking place on the TRON network. The TRC20-USDT uses the TRC20 protocol. Currently, Huobi Global will support USDT of three forms: Omni-USDT, ERC20-USDT and TRC20-USDT.
October 19, 2019