Huobi Global Will List STN - Stake DOT and KSM to Earn STN Tokens

Dear users,

Huobi Inno Hub will list STN (Stone) on March 31st, and launch an STN staking activity on March 24th. Each parent account and sub-account is allowed to have a maximum holding of STN tokens that are equivalent to 50,000 USDT (There is no holding limit for API users and users with Huobi Insider VIP card and above).

• Open STN deposits at 02:00 on March 31st (UTC)
• Open STN spot trading (STN/USDT, STN/BTC, STN/ETH) at 07:00 on March 31st (UTC);
• Open STN withdrawals at 02:00 on April 1st (UTC).
• 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 be resumed after that.
• STN Introduction

Activity: Stake DOT and KSM to Earn STN Tokens

Click to stake: https://www.huobi.sh/en-us/topic/defi-list/

Reward Distribution:

1. Huobi Global will take an hourly random snapshot of users' staking amount and total staking amount to calculate staking rewards in STN.
2. The rewards in STN will be calculated based on the staking amount of DOT and KSM.

For example:

During Round 1, the STN tokens obtained by staking DOT for 1 hour = (DOT staking amount of individuals in the previous hour/total DOT staking amount in the previous hour)*300,000/24

3. The minimum staking limit and the maximum staking limit for individuals who stake DOT are 1 DOT and 100,000 DOT; The minimum staking limit and the maximum staking limit for individuals who stake KSM is 0.1 KSM and 20,000 KSM.
4. Rewards will be sent before March 31st to users who stake tokens from 8:00:00, March 24th to 07:59:59, March 28th (UTC).
5. Rewards will be sent before 11:00 on April 7th to users who stake tokens from  08:00:00, March 28th to 07:59:59 on April 4th (UTC).
6. Rewards will be sent before 11:00 April 14th to users who stake tokens from 08:00:00, April 4th to 08:00:00, April 11th (UTC).
7. Before STN is open for trading, the staking rewards will be displayed as zero.  Both staked DOT and KSM will be automatically sent to users’ Exchange accounts after the activity ends.

Note:

1. Trading in newly-listed digital assets comes with higher risks due to huge price fluctuations. Before trading, please have a full understanding of all the risks and be prudent of your own decisions.
2. Huobi Global reserves the right to the final explanation of the Campaign.
3. Huobi Global reserves the right to disqualify any participants showing signs of fraudulent behaviors.
4. 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 

March 24th, 2021