According to HIVE Official Plan, the Hive.io team will initiate STEEM blockchain hard fork at 22:00 on March 20, 2020 (GMT+8), which will result in new HIVE coin being created. Huobi Global will support HIVE coin airdrop and will execute the following process:
1. Snapshot time: 22:00, March 20, 2020 (GMT+8)
2. Snapshot scope: Huobi Global Exchange Account (balances or trade orders ≥1 STEEM). STEEM held in sub-accounts will be combined into the corresponding parent accounts. Uncredited deposits and completed withdrawals will not be counted at the time of the snapshot.
3. Distribution ratio: After receiving HIVE coin, we will issue at a ratio of 1 STEEM = 1 HIVE.
4. Suspension of STEEM deposits and withdrawals: We will suspend the deposit and withdrawal of STEEM at 21:30 on March 20, 2020 (GMT+8). It is recommended that you deposit STEEM to Huobi Global in advance, and we will assist you in handling any technical issues in the hard fork.
5. Resumption Schedule: The resumption time of STEEM deposits and withdrawals, as well as the opening time of HIVE withdrawals will be notified via other announcements.
6. Trading related: The trading of STEEM will not be affected during this hard fork. Huobi Global has a standardized listing process. Whether to open the trading of HIVE is subject to Huobi's follow-up plans and announcements.
Huobi Global will safeguard your assets as always and take care of the hard fork for you. Thanks for your support!
March 19, 2020