ALGO Chain- based Deposits & Withdrawals for USDT Go Live: Win a Share of 25,000 ALGO & Enjoy Zero Withdrawal Fees

Dear Valued Users,

Huobi Global will enable the ALGO chain-based deposits and withdrawals for USDT, and offer you a promotion with a 25,000 ALGO prize pool and ZERO withdrawal fees.

  • Deposits for USDT (ALGO) will open at 12:00 on Sept. 15 (UTC)
  • Withdrawals for USDT (ALGO) will open at 12:00 on Sept. 16 (UTC)

I. Deposit USDT (ALGO) to Win a Share of 25,000 ALGO

Period: 12:00 on Sept. 15 - 12:00 on Sept. 22 (UTC)

Rules:

  • Users who deposit USDT via the ALGO chain to the Huobi platform are eligible for a share of 25,000 ALGO according to their net deposit volumes.
  • Net deposit volumes = Deposit volumes based on the ALGO chain - Withdrawal volumes based on all chains available on Huobi Global
  • Users with negative net deposits are ineligible for rewards.

Reward Calculation: 

  • Individual Net Deposit Percentage = Individual Net Deposit Volume/ Total Net Deposit Volume from all eligible users*100%
  • Individual Rewards = Individual Net Deposit Percentage * 25,000

The individual reward is limited to a maximum of 500 ALGO.

Please Note:

  • The deposit & withdrawal volume of sub-accounts will all be credited to that of parent accounts. 
  • Rewards will be sent to users’ Exchange accounts within 7 working days after the event ends.

II. Enjoy ZERO Withdrawal Fees for USDT

Period: 12:00 on Sept. 15, 2021 - 12:00 on Sept. 15, 2022 (UTC)

Rules:

During the promotion period, users can enjoy zero fees when withdrawing USDT via the ALGO chain. Once the promotion ends, the withdrawal fees will be back to normal.

Click for more ALGO promotions>>>

Huobi Global

Sept. 15, 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.