Huobi Global has implemented a burn mechanism to burn all trading fees on all PGALA pairs.
Details of PGALA Burn Mechanism
Huobi Global has started sending the transaction fees generated on all PGALA trading pairs to the PGALA burn address (0x000000000000000000000000000000000000001) for burning.
Date: 11/5 12:00-11/6 20:00 (UTC+8)
Total destruction: 262,333,244.4 PGALA
The number of PGALA burned will be updated daily in this announcement until the end of the burning period.
Huobi will destroy the spot handling fee for the PGALA/USDT trading pair generated on the previous day from 00:00-24:00 (UTC+8) the next day.
Since the burn starts at 21:35 on November 6th (UTC+8), the fee for the first burn will be generated from November 5th, 2022 at 12:00 (UTC+8) to November 06th, 2022 at 20:00: 00:00 (UTC+8).
USDT and other non-PGALA fee assets, Huobi Global platform will subsequently repurchase these assets into PGALA before 00:00:00 (UTC+8) every day and then destroy them;
The transaction fee destruction of PGALA/USDT trading pair will not be affected by HT fee discount, fee rebate, and any form of fee adjustment or fee discount.
Please check Huobi official website or contact the customer support with regard to the latest information and more accurate details.
Huobi official website is here.
Please click "Introduction of Huobi", if you want to know the details and the company information of Huobi.
Comment by Hans
April 24, 2024
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