Huobi DeFi Carnival season kicks off at Huobi Global platform on 25th August! To start the DeFi voyage, Huobi invites all users to join DeFi Prophet campaign with a 300,000 USDT-basic rewards and no cap limit, Purchase a minimum of 100 USDT daily during the promotion period to participate with no requirement to holdings limit or time limit to buy-in/ sell out. Predict the most potential projected token win a Ghibli Maserati or 100,000 USDT. Feel free to invite more friends to join the DeFi Prophet to win this“grand-prix”of DeFi. Click here to event page.
I. Promotion Period：0:00-22:00 daily 25 August – 31st August 2020 (GMT+8)
II. Promotion rules:
- Predict which token enjoyed the highest USDT price rise for the next day (in-scope tokens: LUNA、JST、WAVES and AKRO).
- Users who made the correct predictions can share corresponding rewards.
- There will be a total of 7 prediction rounds. The users with the most number of correct predictions (to Top 1 token) during the promotion period can win or share a Ghibli Maserati or 100,000 USDT.
- Users must purchase a minimum of 100 USDT per day via the event’s landing page.
Price Fluctuations Computational Formula:
Price Rise = (HIGH of the day - OPEN of the day)/ OPEN of the day,
The actual prices are subject to the USDT trading pair at Huobi Global platform.
III. How to participate Click here to event page:
Step 1: Each valid user can submit their token prediction and buy the selected token via their parent account.（Only one (1) token can be selected daily).
Step 2: Upon confirmation of purchase, the system will place the order using the user’s USDT account balance. Each order amount can range between 100 USDT – 5000 USDT, with no aggregate value or order count limits.
Contribution points will be earned upon completion of order submission (Contribution points = Buy amount * spot trading fee rate). Any sale will not impact the Contribution Points, prediction results and actual award.
Step 3: Verify results of prediction on the event’s landing page. Winners with correct predictions share the pool reward for the prior day. The number of users with ‘correct predictions’ is accumulated after each round is completed to win the platinum reward.
IV. Promotion Reward:
Pool Reward Allocation:
|Pool Name||Date||Pool Allocation||Details|
|Daily Base Reward||25th August||30,000USDT+70% of Daily Reward||If the predicted token is Top token (token with the highest increase for the day), user will share 70% of the daily base reward proportionately to their contribution points. If the predicted token is ranked No. 2 (token with the 2nd highest increase for the day), user will share 30% of the daily base reward proportionately to their contribution points.|
|26th August||10,000USDT+70% of Daily Reward|
|27th August||30,000USDT+70% of Daily Reward|
|28th August||10,000USDT+70% of Daily Reward|
|29th August||30,000USDT+70% of Daily Reward|
|30th August||10,000USDT+70% of Daily Reward|
|31st August||10,000USDT+70% of Daily Reward|
|Lucky Draw Reward Pool||From 25th to 31st August||70,000USDT+30% of Daily Reward||The users with at least 3 correct predictions during the promotion period can equally share the Lucky Draw Reward.|
|Platinum Reward||The Prophet From 25th to 31st August||A Ghibli Maseratior or 100,000 USDT.||The users with the most number of correct predictions (to Top 1 token)during the promotion period can win a Ghibli Maserati or 100,000 USDT.|
VI. Points to note：
- If there are multiple users with the highest number of correct predictions to the token with the largest price fluctuations (TOP1), then the 100,000 USDT reward will be shared equally；
- Daily base reward will be derived from participant‘s trading fee, where with exception of HT and point card, trading fee denominated in other tokens will be converted to USDT；
- Rewards will be distributed in the following week. Reward amount distributed will be round-up to 4 decimal places.
- 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.
- Huobi reserves the right to make changes to this promotion rules and rewards in event of unforeseen circumstances (e.g. early promotion termination).
- Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of risks associated with digital asset trading and make prudent trading decisions.
- Huobi Global's announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.
Huobi Global August 24, 2020