Huobi Completes the Exchange of PLATO to MATCH and Will Support the MATCH Buyback Plan
Dear Huobi Users,
At the request of the project team, Huobi has completed the exchange of PLATO to MATCH at a ratio of 1 MATCH : 10 PLATO on December 5 after snapshots of users' PLATO holdings were taken on November 23, 16:00 (UTC). The withdrawal of MATCH is now available. The resumption of MATCH trading services will be announced in a separate announcement. Our users have alerted us of the large disparity between MATCH and PLATO in terms of total supply, and we have conveyed this matter to the MATCH team. After communicating with the project team, Huobi decides to support the MATCH buyback plan.
The MATCH buyback plan is as follows:
Users need to apply to join the MATCH buyback plan to sell their MATCH tokens exchanged from PLATO.
Buyback price: The project team will buy back your MATCH tokens at a price of 0.0006 USDT/MATCH (0.00006 USDT/PLATO).
Application period: 11:00 (UTC), December 5, 2022 - 11:00 (UTC), December 12, 2022
Please fill in the MATCH buyback form to apply for the buyback
The maximum buyback amount should be lesser than or equal to the snapshot amount taken during the exchange of PLATO to MATCH. If the market price of MATCH goes higher than the buyback price offered by the project team, it is up to the users to decide whether they still wish to join the buyback plan.
Only users who exchanged MATCH from PLATO on Huobi can join the MATCH buyback plan. Users who possess MATCH via other means are not eligible to join the plan.
MATCH token is a replacement token of PLATO and the replacement ratio is 1 MATCH : 10 PLATO. Both MATCH and PLATO have the same total supply of 10 billion at present.
MATCH contract on Huobi:
Tokenomics of MATCH
Total supply: 10,000,000,000
Seed round: 2% - TGE 5%. The rest will be unlocked linearly every month within 20 months.
Private sale: 2% - TGE 5%. The rest will be unlocked linearly every month within 20 months.
Public sale: 0.44%. Unlocked.
Treasury: 20.56% - TGE 2.25%. The rest will be unlocked linearly every month within 36 months.
Technic development: 20% - TGE 2.8%. The rest will be unlocked linearly every month within 36 months.
Ecosystem investment: 10% - TGE 2.8%. The rest will be unlocked linearly every month within 36 months.
DAO: 15% - TGE 1.6%. The rest will be unlocked linearly every month within 36 months.
Marketing & Operations: 30% - TGE 2.8%. The rest will be unlocked linearly every month within 36 months.
December 05, 2022
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Huobi 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 makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on Huobi. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.