The Results For HT Token Burn Program Community Vote

Huobi GlobalIssued on 2019/08/09 10:02    Content based on the original text . Link

Dear users,

“HT Token Burn Program Community Vote” has end at 15:00 on August 2, 2019 (GMT+8). During this period, a total vote count of 27,816,709 HT was received pertaining to the two proposed changes to the HT Token Burn Program, of which the proportion of votes supporting Plan A was 29.98% ,and 70.02% for Plan B. According to the Voting Rules “The option which garners the most votes win”, the voting results are as follows:

Plan B will be adopted and applied to future HT token burns. 15% of quarterly revenue will be burnt. Another 5% of quarterly revenue will be allocated to repurchase and burn a portion of HT Team Incentive Rewards, thus ensuring they no longer re-enter the secondary market.

Huobi Global and Huobi DM will spend 20% of its quarterly revenue on HT buyback in the third quarter (3Q), and this is the last time that all buyback HT come from the secondary market. From the fourth quarter of 2019 (including the fourth quarter), 15% of quarterly revenue will be burnt. Another 5% of quarterly revenue will be allocated to repurchase and burn a portion of HT Team Incentive Rewards, thus ensuring they no longer re-enter the secondary market.

Details pertaining to token burns in the fourth quarter (4Q) will be disclosed through future announcements.

Total Votes Received in “HT Token Burn Program Community Vote”:
Plan A: 20% of quarterly revenue will be burnt. Annual unlock of HT Team Incentive Rewards will be limited to no more than 1/3 of total HT burnt.
Total Votes Received: 8,340,377 HT

Plan B: 15% of quarterly revenue will be burnt. Another 5% of quarterly revenue will be allocated to repurchase and burn a portion of HT Team Incentive Rewards, thus ensuring they no longer re-enter the secondary market.
Total Votes Received: 19,476,332 HT

Thanks for your support!

Huobi Global
August 9, 2019