Dear Huobi User,
Huobi will launch the third round of PrimePool on March 17, 2023, where participants stand to share awesome rewards by locking their HT or DAO.
Event Period:
14:00:00 on Mar 17, 2023 - 14:00:00 on Mar 24, 2023 (UTC)
Event Rules:
| Token |
7-day Mining Reward |
Minimum Lock Limit |
Maximum Lock Limit |
Term |
| HT |
1,494,444 DZOO |
100 HT |
No maximum limit |
Flexible |
| DAO |
1,494,444 DZOO |
200 DAO |
No maximum limit |
Flexible |
-
Snapshots of your locked assets and the total locked assets of all participants will be taken once every hour to calculate the mining rewards. The rewards will be sent to your spot account right after the calculation.
-
You will get the previous hour's reward in the next hour after locking your HT for an hour. If you unlock your HT prematurely during the event, you will not be able to receive any rewards for the hour when the HT is unlocked.
*Here are two illustrations for your reference:
-
If user A locks HT at 9:01, the user will only start receiving the rewards at 11:00 the same day. This is because the user's lock term is less than 1 hour when rewards are settled at 10:00.
-
If user B locks HT at 9:00 and unlocks it at 9:59, the user will receive no rewards. This is because the user has locked the token for less than an hour when rewards are settled at 10:00.
Rewards:
-
The rewards for the event are in DZOO token. The amount of the hourly reward you receive is subject to the actual amount of HT or DAO you locked for an hour.
-
Tier factors for calculating users' effective locked amount
| HT Lock Amount |
Tier Factor |
Calculation of Effective Locked Amount |
| 100 ≤ HT ≤ 5,000 |
1 |
Effective locked amount is 4,000 HT if you lock 4,000 HT |
| 5,000 < HT≤ 10,000 |
0.9 |
Effective locked amount is 5,900 HT if you lock 6,000 HT |
| 10,000 < HT ≤ 20,000 |
0.7 |
Effective locked amount is 10,200 HT if you lock 11,000 HT |
| 20,000 < HT ≤ 50,000 |
0.5 |
Effective locked amount is 17,000 HT if you lock 21,000 HT |
| 50,000 < HT≤ 100,000 |
0.3 |
Effective locked amount is 31,800 HT if you lock 51,000 HT |
| HT>100,000枚 |
0.2 |
Effective locked amount is 46,700 HT if you lock 101,000 HT |
| DAO Lock Amount |
Tier Factor |
Calculation of Effective Locked Amount |
| 200 ≤ DAO ≤ 10,000 |
1 |
Effective locked amount is 4,000 DAO if you lock 4,000 DAO |
| 10,000 < DAO ≤ 20,000 |
0.9 |
Effective locked amount is 10,900 DAO if you lock 11,000 DAO |
| 20,000 < DAO ≤ 50,000 |
0.7 |
Effective locked amount is 19,700 DAO if you lock 21,000 DAO |
| 50,000 < DAO ≤ 100,000 |
0.5 |
Effective locked amount is 40,500 DAO if you lock 51,000 DAO |
| 100,000 < DAO ≤ 200,000 |
0.3 |
Effective locked amount is 65,300 DAO if you lock 101,000 DAO |
| DAO > 200,000 |
0.2 |
Effective locked amount is 95,200 DAO if you lock 201,000 DAO |
-
Reward calculation:
-
If you mine with HT only, your hourly mining reward = your effective locked amount of HT / total effective locked amount of HT of all participants * (1,494,444/7/24) DZOO.
-
If you mine with DAO only, your hourly mining reward = your effective locked amount of DAO / total effective locked amount of DAO of all participants * (1,494,444/7/24) DZOO.
-
If you mine with both HT and DAO, your mining reward = your mining reward of HT + your mining reward of DAO
-
Example:
User A and user B join the event in the first hour after it starts. User A locks 4,000 HT and user B locks 6,000 HT. The reward that user A will receive for the first hour is: 4,000*1/{4,000*1 + (5,000*1+(6,000-5,000) *0.9) ) * (1,494,444 /7/24) DZOO
Terms ＆ Conditions:
● Participants are required to complete L1 KYC verification.
● Huobi reserves the right to final decision on all aspects of the event and has the right to disqualify any participants who are found to be involved in any cheating behaviors.
Huobi
March 17, 2023
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Huobi 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 makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on Huobi. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.