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HUOBI TECHNOLOGY HOLDINGS LIMITED

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Huobi Technology : Perpetual Swaps Joins DeFi Yield Farming Campaign with $200,000 Reward

09/22/2020 | 03:50am EDT

To celebrate the seventh anniversary of Huobi, Huobi Futures has launched a DeFi Yield, announced by the official website of Huobi Futures. Farming campaign with $200,000 reward to premium users on September 21.

The campaign starts at 16:00 UTC on September 21 and ends at 15:59:59 UTC on October 1.

Huobi perpetual swaps supports the following DeFi assets UNI, LINK, YFII, SUSHI, DOT, YFI and ADA for this campaign. Except for ADA and DOT, the remaining five are all DeFi tokens. So far, Huobi has 61 widely-accepted tokens in its swaps suite including 28 DeFi tokens, becoming the crypto platform that offers the most coin-margined swaps globally.

Campaign Rules: Whilst the daily cumulative Maker amount exceeds $1,000 on the designated assets - UNI, LINK, YFII, SUSHI, DOT, YFI and ADA, the prize pool will be divided according to the portion of the users' cumulative Maker amount. It means the larger the Maker amount is, the more reward the user will receive.

Please note that Maker transaction follows a pending order system. A order can only be finalized after a fully complete transaction.

To calculate your reward:

Reward = * Daily Prize Pool

Daily Reward Pool:

September 22

20,000USD

Equivalent UNI

September 23

20,000USD

Equivalent LINK

September 24

20,000USD

Equivalent YFII

September 25

20,000USD

Equivalent SUSHI

September 26

20,000USD

Equivalent DOT

September 27

20,000USD

Equivalent YFI

September 28

20,000USD

Equivalent ADA

September 29

20,000USD

Equivalent UNI

September 30

20,000USD

Equivalent LINK

October 1st

20,000USD

Equivalent YFII

Reminder:

1. The yield farming campaign will start at 16:00 UTC on September 21 and ends at 15:59:59 UTC on October 1;

2. Sub-accounts cannot participate in the campaign as independent accounts; sub-account transactions will be merged into their main accounts; Huobi App will not display yield farming rewards of sub-accounts.

3. Users can check their rewards at Huobi APP.

4. Rewards will be allocated in equivalent value of tokens. The number of tokens issued will be calculated based on the closing price of the day; Yield farming rewards below 1USD will not be issued.

5. Reward will be calculated to 6 decimal places for YFI, 5 decimal places for YFII, 2 decimal places for DOT, LINK, SUSHI, UNI and ADA. The exceedances will be truncated.

6. Rewards will be allocated to the user's perpetual swaps account in the following day. Pay attention to the SMS and Email notifications.

7. The final interpretation right of this campaign belongs to Huobi Futures.

Distributed by https://pressat.co.uk/

.

(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2020 277 M 35,6 M 35,6 M
Net income 2020 -32,6 M -4,20 M -4,20 M
Net cash 2020 45,0 M 5,79 M 5,79 M
P/E ratio 2020 -40,3x
Yield 2020 -
Capitalization 4 110 M 529 M 529 M
EV / Sales 2019 4,33x
EV / Sales 2020 4,61x
Nbr of Employees 626
Free-Float 29,7%
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Managers and Directors
NameTitle
Lin Li Chairman & Chief Executive Officer
Li Zhang Chief Financial Officer
Ruobing Zhao Chief Operating Officer
Yan Lin Sun Compliance Director
Xiong Fei Duan Independent Non-Executive Director
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