Huobi PrimeList to List KCT (Konnect) on  May 25

Dear Valued Users,

Huobi Global is listing KCT (Konnect) on Primelist at 13:00 (UTC)  May 25, 2022.

Similar to Huobi Prime, Primelist is a new token listing platform on Huobi Global for listing high-quality tokens. With Primelist, participants stand a chance to buy new tokens at low prices and be able to trade them when the event ends.

All future Primelist events has been integrated into the Newlisting page. Please join Primelist on the NewListing page moving forward.

 

KCT (Konnect) Introduction >>>

 

Click to participate:

App: https://www.huobi.co.ma/en-us/topic/newlisting

 

Token for Sale:

Token

KCT(Konnect)

Sale period

 

11:00 (UTC)  May 24 - 11:00 (UTC)  May 25

 (Trading will open at 13:00 (UTC)  May 25)

Sale supply

20,000,000  tokens (0.2% of total supply)

Total share in the sale

 

 

4000

Purchase price

0.01 USDT per token

Payment asset

USDT

 

How to participate:

To be eligible to participate in this token sale, you need to meet designated trading volume and total asset balance requirements.

 

Eligibility:

Completion of ID verification (KYC)

  • Sign up on Huobi Global and complete the ID verification process (KYC) before 11:00 (UTC)  May 24 (if you have not done so).

Daily spot trading volume requirement

  • Reach minimum daily spot trading volume of 500 USDT of any digital assets for 3 days before the end of the subscription period.
  • The daily average trading volume will be taken across 3 natural days based on the local time of your registered country.
  • Daily average spot trading volume = total spot trading volume during the subscription period / number of days in the subscription period.
  • None of the volume of spot transactions for which the fees are offset by point card will be included in the progress of the spot trading task.
  • During the subscription period, you can check your trading volume at any time on the event page. Trading volume includes both buys and sells (excluding wash trades) across all available trading pairs (excluding stablecoins pairs such as USDT/HUSD, PAX/HUSD, USDC/HUSD, USDC/USDT, TUSD/HUSD, DAI/USDT, TUSD/USDT, PAX/USDT, and DAI/HUSD,UST/USDT). 

Total asset balance requirement

  • The snapshots of your total asset balance will be taken at a random time daily from 00:00:00 (UTC+8) May 21 to 00:00:00 (UTC+8) May 24, 2022.
  • The minimum daily average asset balance required to participate in KCT Primelist is 100 USDT
  • The maximum order size you will receive is proportional to your total asset balance on Huobi. The higher your total asset balance, the greater the maximum order size you can get. To understand the total asset balance level you need to maintain for certain order size, please refer to the following table:

 

3-day average of total asset balance

Maximum order size

100 ≤ x < 1,000

50 USDT

1,000 ≤ x < 2,000

100 USDT

2,000 ≤ x < 5,000

200 USDT

5,000 ≤ x < 10000

500 USDT

10,000 ≤ x < 20,000

1,000 USDT

20,000 ≤ x < 50,000

1,200 USDT

x ≥ 50,000

1,400 USDT

 

  • The asset balances in the following accounts are included in the snapshots: spot, derivatives, margin, fiat, Huobi Earn, quant, pool and options.

USDT balance requirement

  •  During the subscription process, please ensure that the USDT balance in your account  is greater than the amount required for purchase.

 Participation Process:

  • From 11:00 (UTC) May 24 to 11:00 (UTC)  May 25, eligible users can register to participate in this event. Their USDT balances in the Exchange Account will be locked automatically once the registration is completed. 
  • Note: If you have not registered for the event, you will not be able to participate in the token sale.
  • From 11:00 (UTC) to 12:30 (UTC)  May 25, The system will randomly pick the lucky winners from all eligible participants. The winners are qualified to purchase a minimum of 1 share (50 USDT-worth) of KCT
  • Participants who do not win any shares will have their USDT tokens automatically unlocked and released to their Exchange Account.

Please Note:

  • Huobi Global will open KCT deposits and spot trading (KCT/USDT) at 13:00 (UTC) May 25.
  • Huobi Global will open KCT withdrawals at 10:00 (UTC) May 28.
  • Margin trading, futures trading, and promotions for KCT with attractive rewards will go live shortly after the spot trading of KCT opens. Stay tuned!

Terms & Conditions:

  • If there are no orders on the orderbook within 90% ~ 110% of the last price, all new Market Orders placed for buying/selling will be canceled automatically to prevent slippage. Please ensure that you have done sufficient risk assessment when trading newly-listed tokens, as they are often subject to high price volatility.
  • Users from the following countries or regions will not be permitted to participate in this Primelist event: Mainland China, the United States of America, Canada, Japan, Cuba, Iran, North Korea, Singapore, Sudan, Syria, Venezuela, and Crimea.
  • Orders using API will not be available during the Primelist event.
  • The Primelist event is not open to sub-accounts.
  • Huobi Global reserves the right of final interpretation for all aspects of this event, and the right to disqualify any participant who shows signs of fraudulent behavior.
  • Huobi Global reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.

 

The above is for information purposes only. Huobi Global makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi Global.

 

Risk Reminder: Trading digital assets and digital asset derivatives comes with high risks due to significant price volatility. Please fully understand all the risks and make prudent decisions before trading. Please read our detailed risk reminder at https://www.huobi.com/support/en-us/detail/360000188081. Huobi Global will not be responsible for your trading.

 

Huobi Global

May 19, 2022

 

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Huobi Global reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi Global makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi Global. Prices of digital assets are highly volatile and trading digital assets involves risk. Please read our Risk Reminder text here.

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