THE:Huobi Global has Implemented PGALA Burn Mechanism on Trading Fees_GLO

DearHuobiGlobalusers,

HuobiGlobalhasimplementedaburnmechanismtoburnalltradingfeesonallPGALApairsbysendingthemtothePGALAburningaddress:0x0000000000000000000000000000000000000001.

PleaserefertotheNoticeonTaxBurnforBNBChainPGALAformoreinformation.?

Detailsareasfollows:

PeriodofCalculation

TotalBurned

TransactionHashID

Nov512:00-Nov620:00(UTC8)

262,333,244.4PGALA

Link

PleaseNote:

ThisannouncementregardingthetotalPGALAburnedwillbeupdatedonadailybasisuntiltheendoftheburnmechanism.ThespottradingfeesonPGALA/USDTpairfromthepreviousday(UTC8)willbeburnedthenextday.Sincetheburnmechanismbeganat21:35(UTC8)onNov6,2022,thefirstbatchoftradingfeesburnedwascalculatedfrom12:00:00(UTC8)onNov5,2022to20:00:00(UTC8)onNov6,2022.TradingfeesonPGALAtradingpairthatcollectedinatokenotherthanPGALA(e.g.,USDT)willbeusedtorepurchaseandburnPGALAbefore00:00:00(UTC8)perday.HTfeediscounts,feerebates,oranyotherformoffeeadjustmentorfeediscountwillnotaffecttheburnmechanismontradingfeesofthePGALA/USDTpair.HuobiGlobalreservestherightoffinalinterpretationregardingthisPGALAburningmechanismandresult.?

Thankyouforyoursupport!

HuobiGlobal

November6,2022

TradeonthegowithHuobiGlobalApp(iOS/Android)

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HuobiGlobalreservestherightinitssolediscretiontoamendorchangeorcancelthisannouncementatanytimeandforanyreasonswithoutpriornotice.TheaboveisforinformationpurposesonlyandHuobiGlobalmakesnorecommendationsorguaranteesinrespectofanyvirtualasset,product,orpromotiononHuobiGlobal.Pricesofvirtualassetsarehighlyvolatileandtradingvirtualassetsinvolvesrisk.PleasereadourRiskRemindertexthere.

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