Reserve Rights Preis (RSR)

Huobi Global will launch our third Prime Trading Project: Reserve Protocol on May 22, 2019 (GMT+8). Based on rules of our second Prime Trading, we broadly listened to user feedbacks and suggestions. Hence we are improving the rules as follows:

1. Trading Mode: Users can participate through market orders in HT Market on Huobi Global; 

2. Eligibility: Due to overwhelming demand for the previous two Prime Trading projects and low successful rates, we have lifted the threshold to participate as: lowest daily HT holding amount over 7 days period before launch to be 1000 HT (May 15, 00:00:00 to May 21, 23:59:59), and HT holding will be determined based on daily random snapshot of account holding; 

3. Trading Rules: 

There will be two tiered price limit rounds, each round with 10 minutes, up to 20 minutes in total. Each round will have a price range (the highest tradable price), and users are able to trade within such predefined range;

The first round will still be completed on a first come first serve basis through market orders, and the second round will be completed through system matching;

(1) All orders at the highest buy price will be filled partially;

(2) Amount filled is positively correlated to the size of the order; 

(3) Order amount expected to be filled: 

Schedule and Allocation：

Price Limit Rounds: May 22, 2019 20:00:00 to May 22, 2019 20:19:29, divided into two rounds, each round will last 10 minutes, with first 5 minutes for trading and latter 5 minutes for clearance; 

First Price Limit Round: 20:00:00—20:09:59, 20% Prime Allocation;

Second Price Limit Round: 20:10:00—20:19:59, 80% Prime Allocation;