Huobi Global will launch REEF (Reef Finance) in Inno Hub on January 22nd, 2021. The holding limit of a single project of each account is 50,000 USDT equivalents of tokens, and there is no holding limit for API trading, insiders and above (Huobi VIP). Please see details below:
- Open REEF deposits at 11:00 on January 22nd (UTC+8); 【Deposit Now >>>】
- Open REEF spot trading (REEF/USDT, REEF/BTC, REEF/ETH) at 16:00 on January 22nd (UTC+8);
- Open REEF withdrawals at 11:00 on January 23rd (UTC+8).
- Opening precaution: Huobi Global will limit the listed price to limited order within 5 minutes after opening trading, and the price shall not be more than 5 times of the opening price, and the normal trading will resume after that.
Click to check: REEF (Reef Finance) Introduction
Campaign I: Deposit REEF to Share 2,700,000 REEF
First Day: From 11:00, January 22nd to 11:00, January 23rd, 2021 (UTC+8)
First Week: From 11:00, January 22nd to 11:00, January 29th, 2021 (UTC+8)
- Users who deposit REEF on the first day can share 1,080,000 REEF according to the net deposit volume (net deposit volume = deposit volume - withdrawal volume). Negative net deposit amount will not be verified as eligible deposits.
- Users who deposit REEF in the first week can share 1,620,000 REEF according to the net deposit volume. Negative net deposit amount will not be verified as eligible deposits.
- Net deposit volume = Deposit volume - Withdrawal volume
- Net Deposit Proportion=Individual Net Deposit Volume/ Total Net Deposit Volume*100%
- Gainable REEF on the first day=Net Deposit Proportion * 1,080,000
- Gainable REEF in the first week=Net Deposit Proportion * 1,620,000
2. The net deposit volume of the sub-account will be credited to the parent account. Rewards will be sent to the user's exchange account within 7 days after the end of the promotion.
3. 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.
Campaign II: Trade REEF to Win 2,700,000 REEF
Campaign Period：From 16:00, Jan 22 to 16:00, Jan 29th, 2021 (UTC+8)
During this campaign, users who conduct REEF spot trading with volume above 5,000 REEF can share up to 2,700,000 REEF according to the actual individual volume.
*Buying + Selling volume without executed volume by your ownself
- Gainable REEF= Individual Trading Volume / Trading Volume of users ranked in the same range* Reward amount for the specific rank
- Real name authentication is required. Participants who do not pass the real-name authentication before the end of the campaign will not be eligible to claim the rewards.
- The individual reward is limited as maximum of 50,000 REEF.
- The subaccount trading volume will be credited to the parent account. Rewards will be sent to the user's exchange account within 7 days after the end of the promotion
Campaign III: Stake DOT & REEF to Mine 13,700,000 REEF
January 22nd, 2021