Huobi Primelist to List GARI Network (GARI) on January 18

Dear Valued Users,

Huobi Global will be listing GARI Network (GARI) on our brand new token listing platform, Primelist, at 10:00 (UTC) on Jan 18.

Similar to Huobi Prime, Primelist is a new token listing platform on Huobi and expands our channels for listing high-quality tokens. With Primelist, participants stand a chance to buy new tokens at a low price and trade the newly listed token once the Primelist activity ends.

Click to participate: https://www.huobi.com/en-us/topic/primelist/?code=GARI

GARI Network (GARI) Introduction>>>

Token for Sale:

Registration Method

Register via Queue

Register via HT Holdings

Token

GARI

Sale Period

10:00 (UTC) on Jan 18 - 12:30 (UTC) on Jan 18(Trading will open at 13:00 (UTC) on Jan 18, 30 minutes after the sale period ends)

Sale Volume

  4.5 Million tokens (0.45% of total supply)

Up to 2.25 Million tokens(0.225% of total supply)

Up to 2.25 Million  tokens(0.225% of total supply)

Queue numbers for eligible buyers

1-9,000

NA

Purchase Price

0.2 USDT per token

0.2 USDT per token

Purchase Limit

50 USDT 

Allocation on a pro rata basis

Payment Method

USDT

USDT

How to participate:

There are two ways for users to participate in this event. Each user can only choose one method for participation and cannot change the selected method once registration is completed.

1. Register via Queue

Eligibility:

  • Sign up on Huobi Global and complete the advanced verification process before 10:00 (UTC) on Jan 18 (if you have not done so already).
  • Reach a minimum daily average spot trading volume of 200 USDT in any digital asset between 15:00:00 on 12 Jan (UTC) and 9:45:00 on 18 Jan (UTC). Daily Average Spot Trading Volume = Total Spot Trading Volumes during the campaign/Number of Campaign Days. During the campaign, you can check your trading volume at any time on the event page. Trading volume counts both buys and sells (excluding wash trades) across all available trading pairs (excluding USDT/HUSD, PAX/HUSD, USDC/HUSD, USDC/USDT, TUSD/HUSD, DAI/USDT, TUSD/USDT, PAX/USDT, and DAI/HUSD,UST/USDT).
  • Hold at least 50 USDT in your Exchange account before 10:00 (UTC) on Jan 18.

Participation Process:

  • From 10:00 (UTC) to 11:00 (UTC) on Jan 18, eligible users can register to participate in this event. Their USDT balances in the Exchange account will be locked automatically once they complete the registration. (Please note: If you have not registered for the event, you will not be able to participate)
  • From 11:00 (UTC) to 12:30 (UTC) on Jan 18, the system will randomly select 9,000 lucky users among all participants to qualify for the purchase and allocation of 50 USDT worth of GARI each. Those users will see their sequence number (1 ~ 9,000) on the web page.
  • For the rest of the participants, their USDT tokens will be automatically unlocked and made available in their Exchange accounts.

2. Register via HT Holding

Eligibility:

  • Sign up on Huobi Global and complete the advanced verification process before 10:00 (UTC) on Jan 18 (if you have not done so already).
  • Have 3-day minimum average holdings of 300 HT between 16:00:00 on Jan 14 (UTC) and 15:59:59 on Jan 17 (UTC), during which you can check your HT holdings at any time on the event page. In addition, ensure you have the minimum USDT holdings required to place orders according to the following table. Please note that all payments will be made in USDT.

3-day average HT Holdings

Cap for Order Placement

Minimum USDT Holdings Required

300≤x<1000

50 USDT

50 USDT

1,000≤x<3,000

100 USDT

100 USDT

3,000≤x<5,000

150 USDT

150 USDT

5,000≤x<10,000

200 USDT

200 USDT

10,000≤x<50,000

250 USDT

250 USDT

50,000≤x<500,000

750 USDT

750 USDT

x≥500,000

2,000 USDT

2,000 USDT

Participation Process:

  • From 10:00 (UTC) to 11:00 (UTC) on Jan 18, eligible users can register to participate in this event. Their USDT balances will be locked automatically once the registration completes. (Please note: if you have not registered for the event, you will not be able to participate)
  • From 11:00 (UTC) to 12:30 (UTC) on Jan 18, the system will automatically execute purchase orders with the maximum amount of USDT they can use for the order placement (as shown in the table above) and allocate new tokens for each participant on a pro rata basis.
  • After the allocation, any remaining USDT tokens will be sent to their Exchange accounts.

The number of new tokens allocated to each participant = The order amount in USDT for each participant/the order amount in USDT for all participants * The number of new tokens offered

Please Note:

  • Huobi Global will open GARI deposits at 14:55 (UTC) on Jan 17 and spot trading (GARI/USDT) at 13:00 (UTC) on Jan 18
  • Huobi Global will open GARI withdrawals at 10:00 (UTC) on Jan 18.
  • Margin trading, futures trading, and promotions for GARI with attractive rewards will go live shortly after spot trading for GARI opens. Please stay tuned!

Terms & Conditions:

  • Huobi Tokens (HT) held in all Huobi Global accounts (excluding Huobi Cloud Wallet) are counted within the scope of the snapshot. The snapshot will randomly take place every 24 hours, starting from 16:00:00 (UTC) on Jan 14 to 15:59:59 (UTC) on Jan 17.
  • To avoid irrational operations, the platform will restrict the use of Market Orders within the first 3 minutes after spot trading starts. The prices set in Limit Order shall not be higher than 5 times the price set in this event.
  • If there are no orders on the orderbook within 90% ~ 110% of the last price, all new Market Orders placed for buying/selling will be canceled automatically to prevent slippage. Please ensure that you have done sufficient risk assessment when trading newly-listed tokens, as they are often subject to high price volatility.
  • Users from the following countries or regions will not be permitted to participate in this Primelist event: Mainland China, the United States of America, Canada, Japan, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, and Crimea.
  • Orders using API will not be available during the Primelist event.
  • The Primelist event is not open to sub-accounts.
  • Huobi reserves the right of final interpretation for all aspects of this event, and the right to disqualify any participant who shows signs of fraudulent behavior.

 

Huobi Global

January 12, 2022

 

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Huobi Global reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi Global makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi Global. Prices of digital assets are highly volatile and trading digital assets involves risk. Please read our Risk Reminder text here.

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