Lock HT, DFA Coins with Primepool! 5.94 Million TALK Tokens to be Won!

Dear Valued Users,

Our Third Primepool event is launching on Aug. 31! Users will be able to lock their HT and DFA tokens in exchange for a chance to win part of our 5.94 million TALK token prize pool!

TALK is a new token that is created by Talken, a multi-chain decentralized NFT wallet that was founded in South Korea. TALK will be listed on Huobi Global. Click here to learn about TALK: https://talken.io/

Click to lock your tokens: https://www.huobi.com/en-us/topic/primepool/

Duraction (UTC)

Max. Reward Limit by 

Locking HT (Every 24H)

Max. Reward Limit by

 Locking DFA (Every 24H)

Min. Locking 

Requirement

Max. Locking Limit

Locking Period

Round I

31/08 08:00:00-

03/09 08:00:00

 

1,108,800 TALK

475,200 TALK

1HT/5 DFA

200K HT

/1 Mln DFA

Flexible

Round II

03/09 08:00:00-

07/09 08:00:00

 

207,900 TALK

89,100 TALK

1HT/5 DFA

200K HT

/1 Mln DFA

Flexible

Rules:

  • A snapshot of each participant's locked HT and DFA 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 TALK tokens, and the number of daily rewards is calculated based on the locked HT and DFA tokens of that day;
  • Individual Tiered Coefficient:

HT/DFA Staking Tier

Tiered Coefficient

1≤HT≤5,000 or

5≤DFA≤25,000

1

5,000< HT≤10,000

25,000<DFA≤50,000

0.8

10,000< HT≤20,000

50,000<DFA≤100,000

0.6

20,000< HT≤50,000

100,000<DFA≤250,000

0.4

50,000< HT≤100,000

250,000<DFA≤500,000

0.2

100,000< HT≤200,000

500,000<DFA≤1,000,000

0.1

Reward Calculation:

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

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 by locking HT is 1,108,800 TALK.

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)}*1,108,800 TALK.

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)}*1,108,800 TALK

Reward Distribution:

  • The rewards will be distributed by 12:00, Sept. 3 for users who lock assets between 08:00:00, Aug. 31 and 07:59:59, Sept. 2 (UTC) ;
  • The rewards for Round II will be distributed by 15:00, Sept. 13 for users who lock assets between 08:00:00, Sept. 2 and 08:00:00, Sept. 7 (UTC);
  • After the event ends, locked HT or DFA will be returned to the users’ exchange accounts automatically.
  • Before TALK trading begins, the rate of return will show as 0 because pricing will not be available yet.
  • During the event, assets staked as part of this campaign 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.
  • The assets staked in sub-accounts will count toward assets staked in parent accounts for calculation.
  • Huobi reserves the right to decide on the final outcome of the campaign as well as to disqualify participants who display any fraudulent behavior.

Huobi Global

Aug. 27, 2021

 

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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 is risky. Please read our Risk Reminder text here.