Join Huobi's ETH Shanghai Upgrade Events to Share our Multi-Million Dollar Prize Pools

Dear Huobi Users,

As the ETH Shanghai Upgrade is approaching, Huobi will be launching a series of events starting on March 7, 2023. Join us to win awesome prizes every day!

Event 1: Trade tokens in LSD zone to share 15,000 USDT

Event Period: 12:00 (UTC) on Mar 7, 2023 – 12:00 (UTC) on Mar 14, 2023

Event rules:

• Users who visit the event page will be automatically enrolled in this event. If you did not visit the event page, you will not get any rewards from the event.

• Users who trade spot pairs in the LSD Zone on Huobi during the event will share 15,000 USDT based on their spot trading volumes.
• Tokens in the LSD Zone include SSV, LDO, RPL, ANKR, YFI, FIS, and ETH

Ranking	Reward
1st place	1,000 USDT
2nd place	800 USDT
3rd place	600 USDT
4th to 10th place	400 USDT
Beyond 10th place	Participants whose trading volumes are ≥ 100 USD will share 9,800 USDT in proportion of their trading volumes.

Additional reward:

Additionally, participants who reach a cumulative trading volume of ≥50,000 USDT will win a share of 5,000 USDT in futures trial bonuses according to the proportion of their volumes.

Terms & Conditions:

• Sub-accounts cannot be used to participate in this event. Trading volume from sub-accounts will be counted towards their main account.
• Market makers are not eligible to participate in this event.
• Rewards will be credited to winners' Huobi accounts within 14 working days after the end of the event. If you haven’t received the rewards after 14 working days, please contact our 24/7 online customer service or email [email protected] for assistance.

• Huobi will strictly review and disqualify any participants who show any signs of fraudulent behaviors, such as malicious inflation of trading volume, bulk registration of fake accounts, wash trading, and order matching.

Event 2: Join ETH Shanghai Upgrade x PrimeBox to win up to 500,000 USDT

Generate and hold ETH-Shanghai mystery boxes to grab a share of our huge prize pool daily! Join now.

Event period: 12:00:00 (UTC) on Mar 24, 2023 - 11:59:59 (UTC) on Mar 31, 2023

The event rules will be announced before the event starts. Stay tuned!

About ETH Shanghai Upgrade

For Ethereum stakers, the Shanghai update is a well-awaited change to Ethereum's Proof of Stake consensus mechanism. Aside from its effects on staking, it's also likely to have some ramifications on market demand for ETH. So, no matter if you're already staking ETH, considering it, or simply holding ETH, it's worth understanding exactly what Shanghai will do and how it may affect your portfolio.

In September 2022, Ethereum completed its switch to a Proof of Stake (PoS) consensus mechanism. Before this, Ethereum used Proof of Work (PoW) and a mining mechanism to process and validate transactions. Users who want to take part in validating on the network can now stake 32 ether (ETH) rather than solve computational puzzles using specialized mining equipment.

Since the Merge, which saw the Ethereum mainnet combine with the PoS Beacon Chain, users haven't been able to remove their staked funds. The Shanghai update (EIP-4895) resolves this issue and adds withdrawal functionality. On January 5, 2023, Ethereum developers agreed to a March 2023 launch date for implementing the upgrade as a network hard fork. Users will be able to test the update with a Shanghai-implemented public test network towards the end of February 2023.

The above is for information purposes only and Huobi makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on Huobi.

Huobi

March 7, 2023

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Huobi 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 makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on Huobi. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.