Huobi Global Will Open BETH Spot Trading and Start "BETH Stake To Earn" Campaign

Dear users,

Huobi Global will list BETH (Beacon ETH), open BETH/USDT and BETH/ETH spot trading and start "BETH Stake To Earn" campaign at 20:00 on December 16th, 2020 (UTC+8). Enjoy your trading now!

Opening precaution: Huobi Global will limit the listed price to limited order within 5 minutes after opening trading, and the price shall not be more than 5 times the opening price, and the normal trading will resume after that.

Reward Distribution of Holding BETH

Huobi Global will take snapshots of the BETH balances held by users at random times around 24:00 every day, and will distribute BETH gains from ETH 2.0 Staking+ additional HPT gains on (T+1) day according to the snapshot.

Notes:

1. users who sell BETH before the snapshot will not receive the staking rewards on that day.

2. The rules of the ETH 2.0 staking function will be adjusted after BETH trading is open. Starting at 18:00 on December 16, 2020 (UTC+8), BETH obtained through staking ETH will be locked for 48 hours (BETH obtained through trading will not be locked). During the lock-up period, stakers will continue to be receive staking rewards but cannot sell them. After 48 hours, these BETH will be automatically unlocked and can be traded normally.

3. After participating in ETH 2.0 Staking, ETH will be converted to BETH, and the Staking ETH will be locked in the smart contract, and retrieval is not supported.

4. Since ETH 2.0 Phase 0 does not support transfer operations, BETH cannot be withdrawn. The deposit and withdrawal time is based on the development progress of ETH 2.0, which is expected to be 1-2 years.

5. Huobi Global strives to provide ETH 2.0 participants with a better experience and richer liquidity solutions. The actual reward may be slightly different from the snapshot due to the large number of holders and the very small difference in the snapshot time. We will try to minimize it, please understand.

 

"BETH Stake To Earn" Campaign

Campaign Period: From 20:30, December 16th to 20:00, December 23rd, 2020 (UTC+8)

Stake Token

Staking Cycle

Estimated APY

Minimum Limit for Individuals

Maximum Limit for Individuals

Staking Cap In Total

BETH

7 Days (early termination of the staking is not supported)

10%0.1 BETH200 BETH10,000 BETH

*Staked BETH will count towards the computation of BETH holding snapshots. Stakers will also receive BETH gains on ETH 2.0 pledge chain+ additional HPT gains.

Projected Reward: The final rewards for lock-up and mining are all CRV. However, the actual reward which is affected by the market volatility may be lower than Estimated APY.

Reward Distribution: The reward will be distributed within 7 days after the end of campaign.

Click here to participate:

WEB site: Click Homepage banner 【BETH Stake. Mine. Earn】 to participate.

APP site: Login Huobi APP, Click Homepage banner【BETH Stake. Mine. Earn】to participate.

What is BETH (Beacon ETH)?

Beacon ETH (BETH) is a new asset used solely by stakers ('validators') on the beacon chain. It is created via two methods: 1) as a reward for validating the beacon chain (and shards, after Phase 1), and 2) BETH can be purchased for 1 ETH by any ETH1. X user via an ETH1.

ETH 2.0 Staking in the Chain: https://launchpad.ethereum.org/

Note: Huobi Global’s announcement and other information are not considered 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 or staking.

Huobi Global
December 16th, 2020