Become a Pioneer Market Maker to Share $300K and Enjoy Up to 0.01% in Maker Rebates!

Dear Valued Users,

In order to reward outstanding market makers, Huobi Global is about to launch a series of Pioneer Market Maker campaigns for our Pioneer Zone. Participate to enjoy more preferential rates, and you can get a share of our weekly prize pool of up to 300,000 USDT.

 

Event 1: Become a Pioneer Market Maker to Enjoy More Preferential Rates

 

Campaign Period: 16:00 (UTC) on Dec 5 2021 until 16:00 (UTC) on Mar 31, 2022

 

Preferential Policy for Pioneer Market Makers in the Pioneer Zone

We’ve set tiered levels for market makers in our Pioneer Zone as they correspond to spot market makers’ current regular tiers. They may have access to an preferential maker fee rates. The details are as below:

Spot Market Maker Tier

Corresponding Pioneer Market Maker Level

Evaluation Criterion

Maker Fee Rate

Tier S

Pioneer S

Same as the current evaluation criteria for spot market makers (Trading volumes of pairs in the Pioneer Zone will be included in total trading volumes)

-0.010%

Tier 1

Pioneer 1

Same as the current evaluation criteria for spot market makers (Trading volumes of pairs in the Pioneer Zone will be included in total trading volumes)

-0.007%

Tier 2

Pioneer 2

Same as the current evaluation criteria for spot market makers (Trading volumes of pairs in the Pioneer Zone will be included in total trading volumes)

-0.004%

 

Terms & Conditions:

1. From the month when a new token is listed in the Pioneer Zone to the end of the next month,  the corresponding evaluation coefficient for all pairs relating to this asset is “30”. Meanwhile, the evaluation coefficient of all pairs in the Pioneer Zone will be adjusted to “30”, from 16:00 (UTC) on Dec 5 2021 until 16:00 (UTC) on Dec 31, 2021. The further adjustments will be synchronized at the beginning of each month, based on market conditions. Stablecoin trading pairs are excluded from the above evaluation coefficient adjustment.

2.From today onwards, all current spot market makers automatically enjoy the corresponding Pioneer Zone level and maker preferential fees (maker), without any additional applications required. The above maker fee rates only apply to pairs in the Pioneer Zone.

3. At the end of each month, pioneer market makers will automatically match with the corresponding level in the Pioneer Zone, according to their monthly evaluation result (if the market makers are knocked off in the monthly evaluation, the corresponding preferential policy of the Pioneer Zone will be suspended in the following month).

4. New or other market makers are welcome to participate in our Pioneer Zone market maker program. For more details, please contact your key account manager or e-mail [email protected]

 

Event 2: Become Pioneer Market Makers to Grab at Least 300,000 USDT Per Week

 

Campaign Period: 16:00 (UTC), Dec 7, 2021 -15:59 (UTC), Jan 4, 2022 (scheduled to last for four periods)

 

Weekly Prize Pool: 300,000 USDT (The remaining prize amount of the previous period will be transferred to the next prize pool)

 

Eligible Market Makers (Both of the below requirements must be met):

1) Market Makers whose actual cumulative maker trading volumes of all pairs in the Pioneer Zone in the current period rank in the top 10;

2) Market Makers whose average daily maker trading volumes of all pairs in the Pioneer Zone in the current period have reached 3,000,000 USDT.

 

Terms & Conditions:

1. From 16:00:00 (UTC) on Dec 7, 2021, the system will calculate the actual cumulative maker trading volume every 24 hours to generate a daily ranking. That is to say, the first daily ranking will be announced after 15:59:59 (UTC) on Dec 8. The calculation of ranking for the current week will end at 15:59:59 (UTC) next Tuesday, and the final ranking list will be announced next Wednesday based on their weekly actual cumulative maker trading volume.

For daily/final ranking details, please contact your Key Account manager or e-mail [email protected]

2. Market makers in the final ranking list can grab a prize pool of 300,000 USDT based on the proportion of their actual cumulative weekly maker trading volume among all market makers.

3. In order to prevent malpractice, each actual controller shall not receive more than 50,000 USDT for each period, and the exceeding part will be waived and calculated as part of the prize pool of the next period. If there are less than 10 eligible market makers for the current week, the system will virtually add some users to increase the number of market makers to 10, and trading volumes will be virtually added to total maker trading volumes, according to per capita trading volumes. The prize pool will be distributed according to market makers’ proportions of their trading volume, and the remaining part will be calculated as part of the prize pool of the next period.

 

For example, there are only 7 market makers entering the list in this period with per capita maker trading volumes of 10 million USDT, then the system will add 3 people virtually with a total virtual trading volume of 30 million USDT (3 * 10 million USDT). Then the total maker trading volume will be 100 million (7*10 million USDT+3*10 million USDT).

Reward amount to be shared = The proportion of the 7 market makers total maker trading volume * Total prize pool of this period, that is, 70 million /100 million * 300,000 = 21 0,000 USDT. Therefore, the remaining 90,000 USDT will be calculated as part of the prize pool of the next period, and the initial prize pool of the next period shall be 390,000 USDT if the prize pool of next period is 300,000 USDT.

 

4. The winner list of eligible Pioneer market makers in this event and its announcement will be published on Tuesday of the following week. The rewards will be distributed in USDT.

 

Please Note:

1. The prize pool event is tentatively scheduled to last for four periods, and the number of eligible market makers in each period may change. Please pay attention to the latest promotion announcements.

2. Any trading volume resulting from self-trades will not be eligible.

 

Risk Reminder: Trading digital assets and digital asset derivatives comes with high risks due to significant price fluctuations. Please fully understand all the risks and make prudent decisions before trading. Please read our detailed risk reminder .

 

Huobi Global

December 6, 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.