SINGAPORE, May 19, 2019 /PRNewswire/ -- Nearly nine
years ago on May 22, 2010,
Florida-based
programmer Laszlo Hanyecz made crypto history when he managed
to exchange 10,000 Bitcoins with another early Bitcoin enthusiast
for two pizzas. With BTC worth $0.003
at the time, those pizzas cost him about USD $30. Under today's prices, they would be worth
well over USD $70 million and Bitcoin
Pizza Day has become a well-loved crypto community tradition.
Huobi Global will honor that tradition on May 22 with a range of initiatives, including the
launch of Reserve Protocol's Reserve Rights Token (RSR) through our
premium coin launch platform Huobi Prime. We will also be hosting a
special sale of Bitcoin featuring prices discounted up to 50% off
market value*.
"Bitcoin Pizza Day is Prime Day this year," said Huobi Global
CEO Livio Weng on the BTC promotion.
"Things started as a joke that we were going to list Bitcoin
through Prime but then I kept thinking, what better way to mark
Prime 3 and celebrate Pizza Day? Let's actually do this!"
Pizza Day Promotions:
Huobi will be providing 1.5 million* USDT-worth of Bitcoin to
users in two special trading rounds on May
22, starting at 18:00 (GMT +8). In the first round, 20% of
the total Bitcoin supply will be offered to users at 50% off market
price*. In the second, the remaining 80% of Bitcoin will be
provided to users at 12% off market price*. While the first round
will be first-come, first-served, in the second, all qualified
orders will be partially filled via adjusted system matching. "To
put it another way, all qualified users in our second round will
get at least some of the BTC they seek," said Ross Zhang, Head of Marketing for Huobi Group.
"I do want to warn people, though – we expect demand to be very
high, so you'll have to be lucky and quick in the first round.
Also, anyone who goes into the second expecting his or her entire
order to be filled may need to adjust their expectations."
There are several ways to qualify. Users who hold at least 1000
Huobi Token (HT), our native token on Huobi Global, over the seven
days leading up to launch (May 15 to May
21) are eligible to participate. Users who have a daily
average holding of 20000 or more USDT or the same value of in BTC,
NEW, TT, or TOP can also take part.
Huobi is also hosting a number of other activities related to
Bitcoin, including giving away 1 BTC at original Bitcoin Pizza Day
prices ($0.0031) to a lucky user and
more.
For full rules and details:
https://huobiglobal.zendesk.com/hc/en-us/articles/360000271862-Huobi-Global-will-Launch-Special-Prime-Trading-Project-Bitcoin-BTC-on-May-22-2019
Huobi Prime 3 Launch – Reserve Rights Token (RSR)
The core of Huobi Prime Day will be the launch of RSR on Huobi
Prime, which is the support token for the
payment-service-over-blockchain project Reserve. The project
features backers like PayPal co-founder Peter Thiel, Y Combinator Chairman Sam Altman, Ran Neuner, and TechCrunch's
Mike Arrington, plus a founding team
that includes former members of Google, Tesla, OpenAI, IBM,
MIRI, and Impossible Foods. RSR is designed to maintain the
stability of Reserve's USD-pegged stablecoin Reserve token (RSV).
The overall project's mission is to build a universal store of
value – particularly in regions with unreliable banking
infrastructure and/or where inflation is a major issue.
Trading will also take place over two rounds for the RSR launch.
As with our special BTC sale, 20% of the RSR tokens on Prime will
be offered to users in the first round on a first-come,
first-served basis, and 80% of the RSR tokens on Prime will be
distributed to users in the second via adjusted system
matching.
In order to qualify, users need to hold at least 1,000 HT
between May 15 and May 21.
Trading on Huobi Prime 3 will start at 20:00 (GMT + 8) on
May 22. The price of RSR will be
capped at 1RSR = $0.0006 for the
first round and 1RSR = $0.0011 in the
second.
"We're extremely excited to be working with Reserve for our
third Prime launch, especially for Prime Day," said Weng.
For full rules and details of Prime 3:
https://huobiglobal.zendesk.com/hc/en-us/articles/360000266501-Huobi-Global-will-Launch-Third-Prime-Trading-Project-Reserve-Protocol-on-May-22-2019
Disclaimer: Huobi Prime will not, under
any circumstances, make price forecasts or representations as to
the asset's investment characteristics. Huobi Prime will not
provide any trading or financial advice and Huobi Prime users
should conduct independent analysis including, where appropriate,
taking third party legal, tax and financial advice. Huobi
Prime is limited to users from jurisdictions where digital asset
trading is a permissible activity and no regulatory restrictions
apply.
*Market value to be determined as the average price of the
trading pair HT/BTC between May 22,
2019, 16:45:00 to 17:45:00.
About Huobi:
Consisting of ten upstream and downstream enterprises, Huobi
Group is the world's leading blockchain company. Established in
2013, Huobi Group's accumulative turnover exceeds $1 trillion. It proudly provides safe, secure,
and convenient cryptocurrency trading and asset management services
to millions of users in 130+ countries. Find out more at
www.hbg.com
For enquiries please contact: jiayi li,
+65 92295769, media@huobi.com
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SOURCE Huobi Global