Huobi Global will support ALGO holding reward with the support of the ALGO project team. All users who hold ALGO positions on Huobi Global can receive ALGO holding reward. Details below:
1. Snapshot rule
Daily snapshots of users’ ALGO positions on Huobi Global are taken at 0:00 GMT+8 daily.
2. Distribution rule
1) ALGO holding reward is settled daily and distributed on a monthly basis. The calculation logic is as follows:
The number of ALGO users receive per month = (the number of ALGO obtained by all Huobi Global users per day * User's daily ALGO holding ratio)
(User's daily ALGO holding ratio: the number of ALGO held by users on the day / the number of ALGO held by all Huobi Global users on the day)
2) The amount to distribute will be rounded to the fourth decimal place.
ALGO holding reward to ALGO position holders who held ALGO on Huobi Global from June 20 to July 31,2019 will be completed before August 31 2019;
ALGO holding reward to ALGO position holders who held ALGO on Huobi Global after July will be completed by the 10th of each month.
Click here to deposit ALGO
August 22, 2019