Huobi Global Implements PGALA Burn Mechanism on Trading Fees (Nov 7, 2022)

Dear Huobi Users,

Huobi Global has re-minted PGALA on the TRON network and will burn all trading fees on all PGALA pairs by sending them to the new PGALA burning address: T9yD14Nj9j7xAB4dbGeiX9h8unkKHxuWwb. (It is a destruction address of TRON. For your reference: https://developers.tron.network/docs/faq#3-what-is-the-destruction-address-of-tron)

Learn more:

• Notice on Tax Burn for BNB Chain PGALA
• Announcement on the Re-Minting of PGALA Token on TRON Network

Details are as follows:

Batches	Period of Calculation	Total Burned	Transaction Hash ID
Batch 1	Nov 5 12:00 - Nov 6 20:00 (UTC 8)	262,333,244.4 PGALA	Link
Batch 2	Nov 6 20:00 - Nov 7 22:00 (UTC 8)	117,495,656.37 PGALA	Link

Please Note:

• The total PGALA burned will be updated on a daily basis until the end of the burn mechanism.
• The spot trading fees on PGALA/USDT pair from the previous day (UTC 8) will be burned the next day.
• Since the burn mechanism began at 21:35 (UTC 8) on Nov 6, 2022, the first batch of trading fees burned was calculated from 12:00:00 (UTC 8) on Nov 5, 2022 to 20:00:00 (UTC 8) on Nov 6, 2022. For details, please read Huobi Global has Implemented PGALA Burn Mechanism on Trading Fees .
• Trading fees on PGALA trading pair that collected in a token other than PGALA (e.g., USDT) will be used to repurchase and burn PGALA before 00:00:00 (UTC 8) per day.
• HT fee discounts, fee rebates, or any other form of fee adjustment or fee discount will not affect the burn mechanism on trading fees of the PGALA/USDT pair.
• Huobi Global reserves the right of final interpretation regarding this PGALA burning mechanism and result.

Thank you for your support!

Huobi Global

November 7, 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 virtual asset, product, or promotion on Huobi Global. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.