DearHuobiUsers,
Inthespiritofprotectingusers'assetsandaftergood-faithcommunicationwiththeGalateam,HuobiwilldelisttheGALA/USDTpairat12:30(UTC)todayandrenameGALAasPGALA.Inthemeantime,theconcernedassetswillberedeemedfornewGALAassetsasarrangedbelow：
1.Huobiwillconvertusers'PGALA(formerGALA)assetsthatmeettheredeemingconditionstoGALA(newGALA)assetsat1:1.Thefollowingassetsnapshottimeandformulawillbeusedtodetermineusers'PGALAassetholdingsandtheredeemableamount.ThePGALAassetsafterconversionwillbeburnt.
2.Theredeemingconditionsandsnapshottimearedefinedasfollows:
1)Users'PGALAassetsintheirspot,futures,strategy,andmarginaccountsat20:15(UTC)November3,2022.(AnyoutstandingPGALAborrowingsbymargintraderswillbedeductedfromtheirsnapshotassetbalances);
2)Users'PGALAassetsthatweredepositedandarrivedatthetargetaddressesviatheERC20chainduringtheperiodfrom20:15(UTC)November3,2022to04:15(UTC)November4,2022.
Eitherorboth,asthecasemaybe,ofusers'PGALAassetsinthesetwoscenarioswillbecomparedtotheirPGALAholdingsatthedelisting&renamingtime,thelowervalueofwhichwilldeterminetheamountforthe1:1conversion.
Example:Auserheld100PGALAat20:15(UTC)Nov3,anddepositedatotalof100PGALAfrom20:15(UTC)Nov3to04:15(UTC)Nov4(100PGALA100PGALA=200PGALA).Atthedelisting&renamingtime,thisuserholds150PGALA.Thentheredeemableamountshallbethelowerone,i.e.150PGALA.
Note:Theminimumredeemableamountis0.000001PGALA.
3.TheconversionstartsassoonasthedelistinghappensandisexpectedtobecompletedonNovember5atthelatest.Pleasefollowuponyourassetstatus.
Duetolocalregulatoryrestrictions,usersbasedinthecountries/regionsofChinaMainland,UnitedStatesofAmerica,Canada,Japan,Cuba,Iran,NorthKorea,Sudan,Syria,Venezuela,Singapore,andCrimeawillnotbeincludedinthisassetconversion.Formoreinformation,pleaserefertotheTermsofUseofHuobi.
Weappreciateyourunderstandingandsupport.
HuobiGlobal
November4,2022
TradeonthegowithHuobiGlobalApp(iOS/Android)
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