Huobi Primelist to List Deesse(LOVE) on January 12

LOVE/USDT
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Dear Valued User,

Huobi Global will be making Deesse (LOVE) available on our brand new token listing platform, Primelist, at 13:00 (UTC) on January 12, 2022. 

Click to participate:https://www.huobi.com/en-us/topic/primelist2.0/?code=pl1641557515280

Deesse(LOVE) Project Details>>

Token name

LOVE

Total supply

20 Billion

Primelist quota

130 Million

Price

 0.0005 U

Total tickets of the activity

65000

Single ticket amount

1 USDT

Buying method

Draw tickets at random

Payment method

USDT

Time of activity:

The activity page will be available from 03:00 (UTC) on January 8 to 8:00(UTC)on January 12. Users can log in to the activity page to subscribe to the token and lock the position (namely, lock and freeze USDT or HT in an amount no less than the minimum quota. There is no maximum limit.); Note: Locked assets cannot be traded or withdrawn. Please choose amount carefully.

Closing time for the draw is at 08:00(UTC)on January 12. The system will stop accepting lock-up of funds and conclude all activities pertaining to tickets, and all participants in the above can commence drawing random tickets。

Results will be disclosed at 10:00(UTC)on January 12 where the system will publish the ticket-drawing result; At 12:00(UTC)on January 12, the system will automatically deduct locked-up USDT in the accounts that have successfully subscribed; if no frozen USDT assets are available, a sufficient amount of USDT should be deposited into the spot account within the specified time limit to ensure payment.

Opening time for deposit, and trading with coin/coin account

Opening time for coin withdrawal 

  

Activity rules:

Step 1: Sign-up and identity authentication

Before the day of activity (co-occurrence rule) – the user needs to complete sign-up at Huobi Global, and complete identity (non-restricted nationality) authentication.

 

Step 2: Lock positions to apply

(1) After the activity starts, the user needs to log into the App to enter the activity page, and lock HT or USDT according to the page prompt to complete the application. Make sure the locked amount is above the minimum lock-up amount of corresponding currency in the page prompt, with no upper limit. Note: Locked assets cannot be traded or withdrawn. Please choose the amount carefully.

(2) During the activity, the user can increase HT or USDT to lock on the activity page. The more you lock, the more tickets you can get;

(3) How to calculate the number of tickets you receive through the lock-up activity:

The number of tickets = (locked-up amount)*time weightage/value of a single ticket

Time weightage= lock-up duration/total duration of lock-up activity period

(Activity total locked amount = Accumulated locked HT after conversion into USDT plus USDT of all users participating in the activity. HT price is converted into USDT at HT/USDT price at 00:00 UTC. If the converted USDT amount is not an integer, the system will take only the integer.)

(4) You can view tickets you get for participating in lock-up on the activity page.

(5) During the activity, the user’s locked funds will be frozen by default and cannot be unlocked. The locked funds will be unlocked after 10:00(UTC)on January 12.

 

Step 3: Participate in spot trading to get extra tickets

(1) During the activity, the user can participate in spot trading to get more tickets only after successful application by lock-up. Only the trading volume after successful application by lock-up, will fall within the scope of trading volume valid for getting tickets on the day of successful application. The user can get trading activity tickets by completing corresponding single-day spot trading volume within the stairs. Such tickets will be included in the total tickets the user gets in the activity. After the activity is over, uniform random ticket-drawing will be conducted;

(2) Rules for getting tickets by participating in spot trading during the activity:

Single-day spot trading volume range (calculated as per USDT trading pairs) 

tickets you get 

100x<500

10

500x<1,000

50

1,000x<5,000

110

5,000x<10,000

550

10,000x<30,000

1100

30,000x<50,000

3500

x50,000

7000

(3) Trading pair restrictions: trading volume will not be calculated for USDT/HUSD, PAX/HUSD, USDC/HUSD, TUSD/HUSD, DAI/USDT, TUSD/USDT, PAX/USDT, DAI/HUSD, UST/USDT etc.;

(4) The calculation method of the trading volume of non-USDT trading pairs: the value of the currency on the left side of the purchase or the currency on the right side of the sale and the value corresponding to USDT in real time.

(5) The trading time of single-day is UTC 0:00 on the day-UTC 0:00 on the second day 

(6) There may be a delay in the number of transactions displayed on the event page, please be patient

(7) Users participating in the trading activity can get tickets corresponding to the spot trading (spot trading, leverage trading, ETP trading, grid trading) volume on the day with an upper limit of 7000 tickets/day.

(8) Sub-accounts cannot attend the event as their trading volume won’t be included. 

(9) Trading Volume of API users will be included. 

(10) Market Makers can only lock tokens but won’t get tickets through trading.

Step 4: ticket-drawing and exchange

(1) Ticket-drawing closes at 10:00(UTC)on January 12. Random ticket-drawing will be carried out for the lock-up users and the users participating in the trading activity respectively by the system. The ticket-drawing results will be displayed from 10:00 (UTC) to 12:00 (UTC) on January 12. The user’s ticket-winning details will be shown on the activity page;

(2) The system will employ random ticket-drawing, and tickets the user wins will be generated randomly in the range [0 - the user’s total tickets for the activity]. The user’s total tickets for the activity = tickets the user gets by lock-up + tickets the user gets by spot trading;

(3) The system will enter the step of payment and exchange after calculating the ticket-winning result. Upon successful exchange, the token will be registered to the coin/coin account. 

Scenario 1: If the user locks up sufficient USDT, the system will automatically deduct the USDT equivalent of the token after winning the lot from the lock-up account, and distribute the token to the user’s coin/coin account. Meanwhile, it will release the remaining locked USDT and HT to the user’s coin/coin account. The USDT amount deducted by the system to pay and exchange for the token = (Lots the user wins by lock-up + Lots the user wins by trading activity) * Single-lot amount.

 

Scenario 2: if the user's locked USDT is insufficient to pay for the token for which the user wins the lot, the system will unlock the user's locked USDT and HT, and inform the user to pay as soon as possible. The user needs to pay the amount of the won lots manually with USDT in the coin/coin account (the amount of won lots = (Lots the user wins by lock-up + Lots the user wins by trading activity) * Single-lot amount. Please ensure there is sufficient USDT in the coin/coin account within the specified time limit for payment. If the user fails to pay within the specified time limit, the user will be deemed to have forfeited the award, and the system will recall the corresponding lots.

 

Step 5: Opening time for trading and deposit/withdrawal

Huobi Global will open LOVE deposit and spot trading (LOVE/USDT) at 13:00(UTC) on January 12. 

Huobi Global will open LOVE withdrawals at 10:00(UTC)on January 15. 

  

Terms and Conditions:

The activity is applicable to v6.4.3 of the App or higher versions. Users using iOS Beta version need to download the latest App on our official website.

To avoid irrational operations, the platform will limit the use of Marker Order within 3 minutes after the spot trading is started. The price set for Limit order shall not be higher than 10x the price set in the activity.

If no orders fall in the range of 90% ~ 110% of the last price on the order book, all new market orders will be automatically cancelled to avoid slippage. Please make sure that you perform sufficient risk assessment when trading newly listed tokens, as they are usually affected by high price volatility.

Users in the following countries or regions are not allowed to participate in the activity of Primelist: Japan, Cuba, Iran, Mainland China, North Korea, Sudan, Syria, Venezuela, Crimea, the United States and its overseas territories (American Samoa, Guam, Northern Mariana Islands, Puerto Rico and the United States Virgin Islands) and Canada.

Huobi has the right of final interpretation for all aspects of the activity.

Huobi has the right to disqualify any participants who display fraudulent behavior.

Huobi reserves the right in its sole discretion to amend or revise the terms of the or cancel the activity 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.

 

Risk Reminder: Trading digital assets and digital asset derivatives comes with high risks due to significant price volatility. Please fully understand all the risks and make prudent decisions before trading. Please read our detailed risk reminder at https://www.huobi.com/support/en-us/detail/360000188081. Huobi will not be responsible for your trading.

 

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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.