Huobi Global will officially launch EMOGI Network (LOL) through selective token listing channel “Huobi Prime” at 20:00 (GMT+8) on August 15, 2019.
Highest tradable prices in HT during two “Price Limit” Rounds (using HT price of 4.9 USDT)
Price Limit: 1 LOL = 0.000952 USDT = 0.000194 HT;
Prime Trading Allocation: 294,000,000 LOL
Price Limit: 1 LOL = 0.001905 USDT = 0.000388 HT;
Prime Trading Allocation: 1,176,000,000 LOL
Price Limit Rounds:
August 15, 2019 20:00:00 to August 15, 2019 20:29:59 (GMT+8), divided into two rounds, each round will last 10 minutes, with a 10 minute clearance period in between.
First Price Limit Round: 20:00:00—20:09:59; 20% Prime Allocation;
Second Price Limit Round: 20:20:00—20:29:59; 80% Prime Allocation.
Post-Prime LOL/HT trading & LOL/USDT, LOL/BTC trading pair will open at 21:00, August 15, 2019 (GMT+8) with Trading Protection;
Trading Protection shall end at 21:05, August 15, 2019 (GMT+8);
Open Deposit/Withdrawal Service at 10:00, August 19, 2019 (GMT+8).
for Prime Phase 5 Rules
1. In order to avoid extreme price volatility due to exuberance, we will restrict the use of market orders within 5 minutes after official trading opens, and users are unable to place orders at prices 5 times higher than the highest tradable price during our “Price Limit” round;
2. Prime Trading is available through Web, PC client and App;
3. If found cheating, Huobi reserves the right to cancel relevant party’s eligibility to participate in Prime;
4. Huobi Prime is only open to users from countries where digital asset trading is not forbidden.
Digital asset trading comes with high risks. Please have full understanding of all the risks of trading digital assets and be prudent of your own trading decisions. Huobi will review and select the digital assets to be listed and traded, but does not guarantee or compensate for any return or risks thereafter.
Thanks for your support.
August 15, 2019