With the return of PrimePool, Huobi will be launching a special event for HT on Jan 18, 2022.
Huobi will launch the second new coin mining activity on January 18, 2023.
This promotion runs until January 25, 2023 20:00:00 (GMT+8).
| Token | HT |
|---|---|
| 7-day Mining Reward | 1,208,898 KRRX (Kyrrex) |
| Minimum Lock Limit | 100 HT |
| Maximum Lock Limit | No maximum limit |
| Term | Flexible |
Huobi will take a screenshot of the user’s valid locked positions and the total locked positions of participating users every hour, and calculate the mining rewards.
The rewards will be issued directly to the currency account without manual collection.
Earnings will be generated on the next full hour after the full hour of lockup. If you unlock early during the event period, you will not be able to get the reward for unlocking the hour.
Example of unlocking mining rewards:
If user A performed the lockup operation at 9:01, and the user’s lockup time is less than one hour when the income is counted at 10:00, the user needs to receive the lockup reward at 11:00.
If user B locks the position at 9:00, but unlocks it at 9:59, the income of this hour will not be calculated when calculating the income at 10:00.
The activity reward is KRRX, and the reward amount depends on the actual amount of locked HT on that day.
Stepwise calculation coefficient for single-user effective lock-up quantity:
| 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 | 0.2 | Effective locked amount is 46,700 HT if you lock 101,000 HT |
Go to Huobi’s Official Website
Reward calculation formula:
When a user uses HT to mine, the number of rewards that can be obtained per hour = the number of effective locked positions / the sum of the effective locked positions of all users * (1,208,898/7/24) KRRX.
In the first hour of the activity, there are two users A and B participating in the HT flexible lock-up activity. User A locks 4,000 HT and user B locks 6,000 HT.
Then A uses reward for the first hour
= 4,000*1/{4,000*1+(5,000*1+(6,000-5,000)*0.9)}*( 1,208,898/7 /24) KRRX
Users must complete identity verification (KYC-L1), and only the master account can participate in the activity.
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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