Dear Users,
Huobi Global’s FastTrack Phase 1 Round 2 Vote-to-List premieres June 20. This round will see four (4) projects compete, of which, the project with the highest vote count in this round will proceed to list onto Huobi Global. All HT votes cast for the winning project will be burnt (i.e. destroyed) the same day. Remaining three (3) projects will rollover to the next week and the votes will be recast.
In the first round, FastTrack will vote 1 out of 4 projects to list on Huobi Global. The listing project will distribute approximately 1,000,000 USDT worth of tokens based on current market valuation (at 50% discount to voting users). An equivalent 500,000 USDT worth of HT tokens will subsequently be burnt (destroyed).
FastTrack First Round Project Details ( @ HT = 3.7USDT)
1. Project Name：Fusion（FSN）
Distribution Token Amount：1,171,585.76 FSN
Price After Discount：0.426772 USD = 0.115344 HT
Project Introduction：Click here for more
2. Project Name：New Kind of Network（NKN）
Distribution Token Amount：14,903,130 NKN
Price After Discount：0.03355 USD = 0.009068 HT
Project Introduction：Click here for more
3. Project Name：Origo.Network（OGO）
Distribution Token Amount ：16,666,667 OGO
Price After Discount：0.03 USD = 0.008108 HT
Project Introduction：Click here for more
4. Project Name：Skrumble Network（SKM）
Distribution Token Amount：217,000,000 SKM
Price After Discount：0.0023 USD = 0.000622 HT
Project Introduction：Click here for more
Detailed Schedule
Voting Stage: 20:00:00 – 20:59:59 June 20, 2019(GMT+8) (1 hour in total);
Token Exchange: 21:00:00 – 21:09:59 June 20, 2019 (GMT+8);
Listing Stage: 22:00:00 June 20, 2019(GMT+8); Winning Project will be eligible for listing. Deposit/Withdrawal services and free trading of USDT, BTC and HT trading pairs will be subsequently launched.
Token Exchange Rules：
All participating HT voters who have voted for the week’s winning project token will be eligible to purchase the said tokens at the discounted price (80% of all Volume). Remaining HT arising from the token exchange will be returned to the users after the voting stage.
Thirty(30) lucky users amongst the participating HT voters who voted for the winning project will be able to 20% of all volume for the project token.
Click here for FastTrack Voting Rules
Further Notice:
1. FastTrack will inherit the Prime Lite Trading Protection: In order to avoid extreme price volatility due to exuberance, we will restrict the use of market orders within 5 mins after official trading opens and users are unable to place orders at prices 5 times higher than the highest tradable price during Price Limit Round;
2. Huobi reserves the right to void a project’s vote count, or eliminate FastTrack voting eligibility if signs of cheating are discovered.
Huobi Global
June 20, 2019