Huobi Global will list APN - Stake HT, DOT, and KSM to Earn Rewards in APN

Dear users,
Huobi Inno Hub will list APN (Apron) on April 21st. Each parent account and sub-account is allowed to have a maximum holding of APN tokens that are equivalent to 50,000 USDT (There is no holding limit for API users and users with Huobi Insider VIP card or above).
- Open APN deposits at 02:00 on April 21st (UTC)
- Open APN spot trading (APN/USDT, APN/BTC, APN/ETH) at 07:00 on April 21st (UTC);
- Open APN withdrawals at 02:00 on April 22nd (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.

APN (Apron) Introduction

Activity I. Stake HT, DOT, KSM to Earn Rewards in APN

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

Time (UTC)

Total Reward Cap (24H)

Reward Cap for HT Staking (24H)

Reward Cap for DOT Staking (24H)

Reward Cap for KSM Staking (24H)

Total

Staking Cap

Staking Period

14/04/2021 08:00:00 -

19/04/2021

07:59:59

 

3 mln APN 

 

600K APN

 

1.8 mln APN

 

600K APN

 

No cap

 

Flexible

19/04/2021 08:00:00 -

04/05/2021

07:59:59

 

1 mln APN

 

 

200K APN

 

600K APN

 

200K APN

 

No cap

 

Flexible

 

 

Rules:
1. The snapshot of users' staking amount and total staking amount will be randomly taken every 24 hours since the start of the activity to calculate rewards. 
2. The number of rewards in APN will vary based on the staking amount of HT, DOT, and KSM.
3. Staking limit for individuals:

 Staking Limit

HT

DOT

KSM

Min. Staking limit

1 HT

1 DOT

0.1 KSM

Max. Staking limit

100K HT

100K DOT

20K KSM

Reward Calculation

For example:

User A stakes HT from 14/04/2021 at 12:00:00 to 17/04/2021 at 07:00:00 (UTC). The snapshot will be taken three times during the lock-up period:

08:00:00 on April 14th - 07:59:59 on April 15th (1st snapshot)

08:00:00 on April 15th - 07:59:59 on April 16th (2nd snapshot)

08:00:00 on April 16th - 07:59:59 on April 17th (3rd snapshot)

Let's assume that the HT tokens staked by User A are only snapshotted by the second one, then the rewards = (User A's HT staking amount at the snapshot time/total HT staking amount at the snapshot time)*600,000 

Reward Distribution

1. Rewards will be sent before 21/04/2021 at 04:00 to users who stake assets from 14/04/2021 at 08:00:00 to 19/04/2021 at 07:59:59 (UTC);

2. Rewards will be sent before 28/04/2021 at 15:00 to users who stake assets from 19/04/2021 at 08:00:00 to 26/04/2021 at 07:59:59 (UTC);

3. Rewards will be sent before 07/05/2021 at 15:00 to users who stake assets from 26/04/2021 at 08:00:00 to 04/05/2021 at 08:00:00 (UTC);

Before APN is open for trading, the staking rewards will be displayed as zero. The staked HT, 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 activity.

3. 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.

Activity II. Exclusive for New Registered Users - APN (Apron)

Period: From 03:00 on April 29th to 16:00 on May 6th (UTC)

Rules:

During the period, the top 3,000 new users who register, verify, and deposit through this LINK can get $40 equivalent of APN each.

1. Register as a Huobi user

2. Complete the KYC task

3. Conduct any spot trading on Huobi Global (buys +sells, excluding self-dealing)

First come first served, while supplies last. Continuing to complete more tasks on the "WELCOME BONUS" landing page, new users can get up to 170 USDT Huobi point

Note:

1. This activity is limited to parent account that has passed ID verification. 

2. You will be asked to provide a photo of yourself holding your ID to pass the authentication (KYC Level 2) when the 40 USDT equivalent APN airdrop is distributed.

3. The actual reward will be sent to the user's exchange account within 7 working days after the end of this activity. The "WELCOME BONUS" will be credited into your Huobi account in real-time right after each task is completed.

4. This activity is not open to users who register in mainland China, Singapore, Venezuela, or North Korea due to the local compliance policy.

5. Huobi Global reserve the right to disqualify any person who is known or suspected to be cheating or violating any rules and regulations set by Huobi.

6. Huobi Global reserves the right of final interpretation of the activity.

Huobi Global

April 14th, 2021