Introducing Limits In HT Spend On Platform Operations
With a total supply of 500 million, 20% of Huobi Token (HT) was originally reserved to support User Rewards and Platform Operation. For the year 2020, Huobi Global will introduce the following HT spending limits pertaining to Platform Operation:
(1) In-Force Period: January 1, 2020 to December 31, 2020 (GMT+8).
(2) During the in-force period, HT expenditure on Platform Operation will be subject to an upper cap of 2 million HT, and will be fully dedicated to support platform development.
(3) Subsequent administration of the HT Platform Operation will be subject to an annual allocation limit that is pre-determined at the end of the prior year. We will announce the annual allocation limit for the year 2021 via our announcement page before 31st December 2020.
As the world's leading digital asset financial service provider, Huobi Group is committed to providing a better trading experience, greater account security and better customer service. We expect even more partners to participate in and grow with Huobi’s eco-system! Huobi Group will empower the blockchain industry and witness the continued development of HT with all users!
For more details on limits regarding the use of the Investor Protection Fund in 2020, please refer to Introduction of Aggregate Limits for the Investor Protection Fund.
December 23, 2019