Lock HT, TALK with Primepool! 1.98 Million STF Tokens to be Won!

Dear Valued Users,

Our 4th Primepool event is launching on Sept. 13. Users will be able to lock their HT and TALK tokens in exchange for a chance to win part of our 1.98 million STF (Structure) token prize pool!

Click to lock & earn: https://www.huobi.com/en-us/topic/primepool/

Lock HT and TALK tokens for our 1.98 Million STF token prize pool

Duration  (UTC)	Max. Reward Limit by  locking HT  (Every 24H)	Max. Reward  Limit by Locking  TALK (Every 24H)	Min. Locking  Requirement	Max.  Locking  Limit	Lock-up  Period
Round I 08:00:00, Sept. 13  - 07:59:59, Sept. 16	378,000   STF	150,000 STF	1 HT or 5 TALK	200K HT  or 1 Mln TALK	Flexible
Round II 08:00:00, Sept. 16- 08:00:00, Sept. 20	70,000  STF	29,000 STF	1 HT or 5 TALK	200K HT or 1 Mln  TALK	Flexible

Rules:

• A snapshot of each participant's locked HT and TALK balances, as well as the total amount locked, will be randomly taken during every 24 hour period for reward calculation purposes.
• Snapshots will be taken at any time between 8:00:00 on the current day and 07:59:59 on the next day); if the assets are unlocked before the random snapshot time of the day, they will not count towards calculations for rewards.
• The rewards will be sent in STF tokens, and the number of daily rewards is calculated based on the locked HT and TALK tokens of that day;
• Individual Tiered Coefficient

HT/TALK Staking Tier	Tiered Coefficient
1≤HT≤5,000 or5≤TALK≤25,000	1
5,000< HT≤10,00025,000<TALK≤50,000	0.8
10,000< HT≤20,00050,000<TALK≤100,000	0.6
20,000< HT≤50,000100,000<TALK≤250,000	0.4
50,000< HT≤100,000250,000<TALK≤500,000	0.2
100,000< HT≤200,000500,000<TALK≤1,000,000	0.1

Reward Calculation:

Individual Daily Reward = Snapshot amount of the user’s locked HT or TALK * Tiered coefficient) / (Snapshot amount of locked HT or TALK* Tiered coefficient) of all participants * Daily rewards of all participants from locking HT or TALK.

 For Example:

On the first day of the event, only User A and User B participated. User A locked in 4,000 HT while User B locked 6,000 HT. The daily rewards of all participants staking HT are 378,000 STF

In this case, the reward that User A should receive on the first day is: 4,000*1/{4,000*1+(5,000*1+(6,000-5,000)*0.8)}*378,000 STF.

The reward that User B should receive on the first day is: 

• {5,000*1+(6,000-5,000）*0.8}/{4,000*1+(5,000*1+(6,000-5,000）*0.8)}*378,000 STF

Reward Distribution:

• The rewards will be distributed by 13:00, Sept. 16 (UTC) for users who lock assets in Round I.
• The rewards for Round II will be distributed by 15:00, Sept. 27 (UTC) for users who lock assets in Round II.
• After the event ends, locked HT or TALK tokens will be returned to users’ exchange accounts automatically.
• Before STF trading begins, the rate of return will show as 0 because pricing will not be available yet.
• During the event, assets locked as part of this event will not affect the snapshots taken for rewards from other activities and campaigns.

Terms & Conditions.

• Users are required to complete ID verification to start participating in Primepool.
• This event is only open to parent accounts.
• HTX reserves the right to decide on the final outcome of the event as well as to disqualify participants who display any fraudulent behavior.

HTX

Sept. 8, 2021

 

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HTX 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 HTX makes no recommendations or guarantees in respect of any digital asset, product, or promotion on HTX. Prices of digital assets are highly volatile and trading digital assets is risky. Please read our Risk Reminder text here.