Huobi Implements PGALA Burn Mechanism on Trading Fees (Dec 22, 2022)

Dear Huobi Users,

Huobi has re-minted PGALA on the TRON network and will burn all trading fees on all PGALA pairs by sending them to the new PGALA burning address: T9yD14Nj9j7xAB4dbGeiX9h8unkKHxuWwb. (It is a destruction address of TRON. For your reference: https://developers.tron.network/docs/faq#3-what-is-the-destruction-address-of-tron)

Details are as follows:

Please Note:

The total PGALA burned will be updated on a daily basis until the end of the burn mechanism.

The spot trading fees on PGALA/USDT pair from the previous day (UTC+8) will be burned the next day.

Since the burn mechanism began at 21:35 (UTC+8) on Nov 6, 2022, the first batch of trading fees burned was calculated from 12:00:00 (UTC+8) on Nov 5, 2022 to 20:00:00 (UTC+8) on Nov 6, 2022. For details, please read Huobi has Implemented PGALA Burn Mechanism on Trading Fees .

Trading fees on PGALA trading pair that collected in a token other than PGALA (e.g., USDT) will be used to repurchase and burn PGALA before 00:00:00 (UTC+8) per day.

HT fee discounts, fee rebates, or any other form of fee adjustment or fee discount will not affect the burn mechanism on trading fees of the PGALA/USDT pair.

Huobi reserves the right of final interpretation regarding this PGALA burning mechanism and result.

Thank you for your support!

Huobi

Dec 22, 2022