Huobi FastTrack (Phase 11) Project Information
Huobi Global will officially launch "FastTrack (Phase 11)" on July 28, 2020 to vote for listing. The period is divided into two stages: "Deposit to Vote" and "Use HT to Vote". The two projects will release a total of 500,000 USDT equivalent token rewards. After this phase, a total of approximately 150,000 USDT equivalent HT will be burned.
1. Project Information
Project name: CHR (Chromia)
Project introduction: Click Here to View
Total amount of releasing tokens: 6,250,000 CHR
Converted price during the "Deposit to Vote" stage: 1 CHR = 0.04 USDT = 0.009523 HT
The discounted price of the "Use HT to Vote" stage: 1 CHR = 0.004761 HT
Project name: LUNA (Terra)
Project introduction: Click Here to View
Total amount of releasing tokens: 1,103,000 LUNA
Converted price during the "Deposit to Vote" stage: 1 LUNA = 0.2267 USDT = 0.053976 HT
The discounted price of the "Use HT to Vote" stage: 1 LUNA = 0.026988 HT
2. Time Arrangement
|Two candidates of projects are open for deposit at the same time||July 28, 2020 00:00:00|
|"Deposit to Vote" stage||July 28, 2020 00:00:00-July 29, 2020 11:59:59 (36 hours in total)|
|"Use HT to Vote" stage||July 29, 2020 20:00:00-July 29, 2020 20:59:59 (1 hour in total)|
|"Deposit to Vote" reward distribution||July 29, 2020 12:00:00-July 29, 2020 21:59:59|
|"Use HT to Vote" reward distribution||July 29, 2020 21:00:00-July 29, 2020 21:09:59|
|Announcement of voting results||July 29, 2020 21:10:00-July 29, 2020 21:59:59|
|Two candidates of projects are open for withdrawal at the same time||July 29, 2020 22:00:00|
|The first-ranked project in total votes lists||July 29, 2020 22:00:00, USDT, BTC and HT trading pairs will be launched.|
|The second-ranked project in total votes lists||July 31, 2020 10:00:00, USDT, BTC and HT trading pairs will be launched.|
|HT burn||July 29, 2020 21:00:00-July 29, 2020 23:59:59|
3. Rules Introduction
For a detailed introduction to the rules of this event, please refer to “Rule Introduction of Huobi FastTrack (Phase 11)”.
During the "Deposit to Vote" stage, the effective deposit time is subject to the confirmed arrival time. We recommend you complete all deposit operations before 11:30:00 on July 29.
During the "Use HT to Vote" stage, the scope of snapshots of HT holdings includes:
Exchange accounts, Margin accounts (Excluding the loaned part), Fiat accounts, Pool staking, Futures accounts. (The HT holdings of all sub-accounts are included in the corresponding parent account.)
|Type of event||Deposit Voting||HT Voting|
|Event time||July 28, 2020 00:00:00-July 29, 2020 11:59:59||July 29, 2020 20:00:00-July 29, 2020 20:59:59|
|ID verification requirement||Pass ID verification before 11:59:59 on July 29||None|
|HT holding requirement||None||During the period from October 30, 2019 00:00:00 to July 28 23:59:59, the user’s minimum daily HT holding must be ≥ 1000 HT [Click to view the holding calendar]|
|Voting project selection||Deposit any one or two candidates of projects’ tokens||Only one of the candidates can be selected (only one vote can be made)|
|Voting method||Deposit refers to the vote (subject to the confirmed arrival time). The accumulated effective deposit amount is converted into HT, and 1HT is recorded as 1 vote.||Use the HT balance in the Exchange account to vote. The HT voted will be frozen and unfrozen after the exchange is completed. 1 HT is counted as 1 vote.|
|Number of votes||
The lower limit of a single project is 10 HT, and the upper limit is 5000 HT
CHR: The lower limit is 1051 CHR, and the upper limit is 525045 CHR.
LUNA: The lower limit is 186 LUNA, and the upper limit is 92634 LUNA
|Lower limit is 10 HT, upper limit is 5000 HT|
|Reward distribution||User’s reward = user’s effective deposit amount / total effective deposit amount of all users * tokens of project releasing in this phase (100,000 USDT)||
Reward for non-lucky draw winners = user’s vote / total votes of all users except lucky draw winners * (corresponding tokens of project releasing in this phase * 80%)
Reward for lucky draw winners = user’s vote / total votes of all lucky draw winners * (corresponding tokens of project releasing in this phase * 20%)
(1) If the HT Voting day (July 29) the prices of tokens drop comparing to when it was announced on July 27, we will issue a new announcement and appropriately increase the total numbers of tokens to be given out to maintain the total value of project token rewards at approximately 500,000 USDT.
(2) After the phase “Deposit to Vote" is over, the system will settle the number of votes for 2-3 hours. Please refer to the event page for the final voting data.
(3) All times mentioned in this announcement are Singapore time (GMT+8).
(4) In case of cheating, Huobi Global reserves the right to cancel its reward qualification for the project or the project’s qualification to participate in FastTrack voting.
(5) Huobi FastTrack is limited to users in areas where digital asset trading are compliant (subject to the nationalities supported by the current official website for registration). During the two phases of FastTrack, HT Voting periods, if there is a nationality change and the nationality before the change is no longer supported for registration, the user will not be able to obtain the current voting quota.
5. Risk warning
Since the launch of FastTrack, Huobi Global users’ participation has been relatively enthusiastic. However, since the tokens selected by FastTrack are currently circulated in the secondary market and have fair prices in the market, the prices of some tokens will have great fluctuations with market conditions. Huobi Global reminds you:
1. Digital asset trading is a high-risk trading method that may cause partial or total losses. Users are requested to participate cautiously and carefully consider the experience of trading digital assets and the degree of risk that can be tolerated before deciding to buy or sell.
2. The content of FastTrack announcement and other information on Huobi Global is not a suggestion of investment advice. Huobi will not bear any direct or indirect losses arising from reliance on such information. Huobi does not assume responsibility for guarantees, compensation, etc. for trading.
The final interpretation right of the business belongs to Huobi Global. Happy trading!
July 27, 2020