DearHuobiUsers,
AsthepGALAtokenhasbeenrecreatedtoreplaceGalaToken(formerGALA),wearetakingthefollowingmeasurestoprotectusers'assets:
1.ClosethedepositserviceforpGALA;
2.Adoptthetaxburnmechanismtochargea1.2%two-waytaxburnrateforpGALAspottrading.ThispGALAtaxburnratedoesnotaffectanyothertokens;
3.AllthetaxfeeswillbeusedtorepurchaseandburnpGALA.ThistaxburnmechanismisscheduledtotakeeffectforpGALAat16:00UTConNovember4,2022;
4.ThepGALAtokensthatwereillegallymintedonBNBChainanddepositedtoHuobiareregardedasunjustifiedenrichmentandwillbeusedtorepurchaseandburnpGALA.ThetradingfeesgeneratedfromGALArelatedtradesduring00:00to24:00(UTC8)November4,2022,willallbeusedtorepurchaseandburnpGALA;
5.HuobiwillcontinueitseffortstonegotiatewiththeGalateamforcompensatingusers'lossesincurredbythisevent.
HuobiGlobal
November4,2022
TradeonthegowithHuobiGlobalApp(iOS/Android)
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HuobiGlobalreservestherightinitssolediscretiontoamendorchangeorcancelthisannouncementatanytimeandforanyreasonswithoutpriornotice.TheaboveisforinformationpurposesonlyandHuobiGlobalmakesnorecommendationsorguaranteesinrespectofanyvirtualasset,product,orpromotiononHuobiGlobal.Pricesofvirtualassetsarehighlyvolatileandtradingvirtualassetsinvolvesrisk.PleasereadourRiskRemindertexthere.
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