According to 200 Million Algo Staking Rewards Program, Huobi Korea has now distributed the first period ALGO rewards (from September 1, 2019 to February 29, 2020).
Please log in to your Huobi Korea account.
Specific distribution details as follows:
(1) Daily snapshot of ALGO position as of 1:00 will be taken continuously over 6 months (half-year) before each distribution.
Logic as follows:
User’s half-yearly reward allocation = Total Platform’half-yearly ALGO reward allocation * User’s ALGO holding ratio
User’s ALGO holding ratio = User’s half-yearly accumulated ALGO daily holding volume / Total Platform’s ALGO half-yearly accumulated daily holding volume
(2) Holdings (including pending orders) smaller than 1 ALGO excluded.
(3) Distribution amount is limited to 4 decimal places.
(1) ALGO rewards will be distributed every six months in the next 2 years from September 1 2019 - August 31 2019 (GMT+8)
(2) ALGO holding reward on Huobi Korea service remains unchanged.
May 28, 2020
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