Huobi Global Will Support The 200 Million ALGO Staking Rewards Program
Starting September 1, 2019 (GMT+8), Huobi Global will officially support the 200 Million ALGO Staking Rewards Program initiated by the project team. Click here for ALGO project announcement: 200 Million Algo Staking Rewards Program
ALGO rewards will be distributed every six months in the next 2 years from September 1 2019 - August 31 2021 (GMT+8)（four times in total）
Specific distribution details as follows:
(1) Daily snapshot of ALGO position as of 0:00 (GMT+8) will be taken continuously over 6 months (half-year) before each distribution.
Logic as follows:
User’s half-yearly reward allocation = Total Platform’half-yearly ALGO reward allocation * User’s ALGO holding ratio
User’s ALGO holding ratio = User’s half-yearly accumulated ALGO daily holding volume / Total Platform’s ALGO half-yearly accumulated daily holding volume
(2) Holdings (including pending orders) smaller than 1 ALGO excluded.
(3) Distribution amount is limited to 4 decimal places.
ALGO holding reward on Huobi Global service remains unchanged, please refer to Support of ALGO Holding Reward on Huobi Global
August 29, 2019