How to Grab $2.25 Million DeFine Rewards with Huobi Primepool Event?
“Primepool allows users who are interested in the project to take part in its ecological development with a low barrier of entry, and thereby obtain greater wealth effects,”— Ciara Sun, Vice President of Global Markets at Huobi Group.
Huobi Global, one of the world’s leading digital asset exchanges, announced last Friday the launch of Primepool, a digital asset mining platform that aims at offering users an easy and convenient method to participate in the ecological development of the new-listing projects.
You can participate in the asset-locking activities and gain rewards through staking designated assets on Primepool. This article will show you how to participate in this event to grab rewards!
🔹Stake HT or ETH Flexibly to Share 2,160,000 DFA
When: Now through August 9th at 8:00 (UTC)
Overview: Mine through staking certain amounts of HT or ETH. The mining rewards will be distributed based on the user’s staking amount on that day. Prize pool for each stage are as follows and you could simply click https://www.huobi.com/en-us/topic/defi-list/ to stake HT or ETH.
Rules: The system will randomly take a snapshot of locked HT and ETH amount of each participant, as well as total locked amount of all participants every 24 hours for reward calculation (snapshots will be taken at any time between 8:00:00 on the current day and 07:59:59 on the next day).
For this event what we need to pay attention to is your staking amount has a direct relationship with the tiered coefficient of reward. Please check the below chart for details.
How to calculate reward?
Assuming Sarah locks HT from 12:00:00, Aug. 2 to 07:00:00, Aug. 5 (UTC), the locking period will undergo three snapshot cycles:
1) 08:00:00 Aug. 2–07:59:59 Aug. 3 (the snapshot may be missed if it is taken at a certain point in the time period from 08:00:00 to 11:59:59, Aug.2nd);
2) 08:00:00 Aug. 3–07:59:59 Aug. 4;
3) 08:00:00 Aug. 4–07:59:59 Aug. 5 (the snapshot may be missed if it is taken at a certain point in the time period from 07:00:01 to 07:59:59, Aug. 5th).
Therefore, the rewards Sarah will receive = (Snapshot amount of the user’s locked HT * Tiered coefficient) / (Snapshot amount of locked HT * Tiered coefficient) of all participants * 250,000 DFA.
Reward Distribution: The rewards for Round I will be distributed by 12:00:00, Aug. 5 (UTC) and the rewards for Round II will be distributed in T+2 after the locking day
Still feeling hard to calculate? Here is an example for you:
🔹Lucky Draw: Lock HT & ETH to Share 90,000 DFA
Now through August 9th at 7:59:59 (UTC), users can lock no less than 10 HT or 0.1 ETH to share a total of 90,000 DeFine rewards.
💸120 lucky winners will be chosen by the system randomly and the mining rewards for each stage are as follows:
1) You must pass KYC verification first before joining in the event
2) You must have got DeFine rewards in Event 1 to participate
How: The system will randomly select winners based on the rules of Lotto Winners Lucky Draw;
When: The lucky winner list will be announced via our official announcement on Aug. 6 and Aug. 10.
Where: The rewards will be distributed to the winners’ Exchange accounts within 7 working days after the event ends.
🔹How to Participate
Step 1: Visit event page;
Step 2: Flexibly lock HT or ETH to earn mining rewards
Click to learn more > visit
Note: Due to local compliance policies, users from the following countries or regions will not be permitted to participate in the event: Japan, Cuba, Iran, Mainland China, Hong Kong (China), Macau (China), North Korea, Sudan, Syria, the United States and its overseas territories (American Samoa, Guam, Northern Mariana Islands, Puerto Rico, and the United States Virgin Islands), Canada, and Singapore.