Huobi Global TRC20-USDT Bonanza

huobi.proIssued on 2019/10/19 09:59    Content based on the original text . Link

Dear Users,
To celebrate the launch of TRC20-USDT, Huobi Global and the TRON project team is proud to announce the “TRC20-USDT Bonanza” promotion, details as follows:

Promotion Period: 0:00 22nd October to 0:00 1st November 2019 (GMT+8)

Promotion 1: Deposit TRC20-USDT, Enjoy 30% APR Rewards
During the promotion period, users with Net Deposits (Deposits minus Withdrawals) of at minimum 100 TRC20-USDT can enjoy 30% APR rewards.
*APR: Annualized Interest Rate

Promotion 2: Top TRC20-USDT Net Deposit Users Share 320,000 TRC20-USDT
During the promotion period, users with minimum 100 TRC20-USDT Net Deposits (Deposits minus Withdrawals) will be ranked, and users with the Top 20 Net Deposit ranking position during the promotion will share 320,000 TRC20-USDT rewards as follows:

1st Place 100,000 TRC20-USDT
2nd Place 60,000 TRC20-USDT
3rd Place 40,000 TRC20-USDT
4th Place 20,000 TRC20-USDT
5th Place 10,000 TRC20-USDT
6th – 20th Place Equal Share of 90,000 TRC20-USDT

Terms & Conditions:
1. Users can participate in both promotions simultaneously.
2. Promotion Period: 0:00 22nd October to 0:00 1st November 2019 (GMT+8).
3. Users can monitor their TRC20-USDT net deposit position, ranking position and cumulative interest earned starting 22nd October. Nevertheless, whilst the aforementioned data is scheduled to be updated on an hourly basis, there could be latency delay.
4. Net Deposit = Deposit minus Withdrawal, where scope definition of Deposit = TRC20-USDT, scope definition of Withdrawal =all 3 USDT chains including ERC20, OMNI, TRC20, with no impact on trading.
5. Computation logic:Hourly Interest = Min(Net Deposit USDT holding balance)x 30% Annual Interest Rate ÷ 365days ÷ 24hours.

For example:
If User A deposits 10,000 TRC20-USDT on 23rd October, with no USDT withdrawal or trade, this translates to interest computation based on a 10,000 USDT holding balance.
If User sells 8,000 USDT on 24th October, interest computation from 24th October onwards will be based on a remaining 2,000 USDT holding balance.

Whilst holding balance impacts interest computation, net deposit rankings will not be impacted.
6. Parent and child accounts are deemed as a single account under this promotion.
7. Reward distribution: rewards will be distributed 2 weeks after promotion ends. Reward recipients can check their account balance transaction history for distribution records accordingly.
8. The rules and regulations of the promotion shall be subject to Huobi’s final interpretative decision and we reserve the rights to disqualify any person who is known or suspected to be cheating or violating any rules and regulations set by Huobi.

Huobi Global
October 19, 2019