AND:Huobi?Global?Supports?the?Migration?and?Upgrade?of?LUNA?and?UST_MENT

Dearvaluedusers，

AccordingtoTerra'sofficialplan,Terrawillconductamigrationandupgradewhentheblockheightreaches7,790,000(expectedat20:00(UTC)onMay26,2022).

HuobiGlobalwillsupportthismigrationandupgrade,whichwillreleasethenewchainandthenewlymintedcoins.Inordertoreducetradingrisksduringthemigrationandupgradeperiod(duetopossibledrasticfluctuationsinmarketprices)andtoensurethesafetyofusers'assets,HuobiGlobalwilltakethefollowingapproachtothismigrationandupgrade:

HuobiGlobal'sapproachtothemigration

Accordingtotheofficialplan,duringthismigrationLUNAwillbeformallyrenamedtoLUNC(LunaClassic)andUSTtoUSTC.ThebalancesofLUNCandUSTCwillbeequaltothoseofLUNAandUSTrespectivelybeforethemigration.

Note:LUNAandUSTarerespectivelyreferredtoasLUNCandUSTCinthisannoucement?

Detailedarrangements:

At15:30(UTC)onMay26,2022,HuobiGlobalwillbesuspendingthedepositsandwithdrawalsofLUNC,USTC,ANC(AnchorANCToken),CTXC2X.Pleasecompleteyourdepositandwithdrawalinadvance.Youwillnotbeabletodepositorwithdrawtheseassetsafterthesuspension.Theresumptiontimewillbepostedseparatelyintheformofanofficialannouncement.?At01:30(UTC)onMay27,2022,HuobiGlobalwillsuspendallspotpendingordersandtransactionsofLUNC/USDTandUSTC/USDTtomatchthecoinnamemodifications.Theresumptiontimewillbepostedseparatelyintheformofanofficialannouncement.At07:00(UTC)onMay26,2022,?Huobi?Global?has?closed?the?margin?trading?service?for?LUNC.?Click?here?for?more?details.Theresumptiontimewillbepostedseparatelyintheformofanofficialannouncement.?At16:00(UTC)onMay26,2022,HuobiGlobalwillconductthedeliveryandunlistingoftheLUNCUSDT-MarginedContract,andcloseanyopenpositionsofcontracts.Thedeliverypriceforclosingpositionsisthearithmeticaverageofthethecorrespondingindexprices60minutesbeforetheremoval,andalluserpendingorderswillbecancelled.Additionally,thetransferservicebetweentheCoin-MarginedLUNCPerpetualContractsandspotwillbeclosed.Theresumptiontimewillbepostedseparatelyintheformofanannouncement.RegardingHuobiEarn'sfinancialproducts:financialproductsinexistencewillnotbeaffected.Subsequently,ifthereareanychangesaccordingtothenewLUNCpolicywhichaffectsfinancialproducts,HuobiGlobalwillannouncefurthermeasuresinthetreatmentandapproach.?

Snapshottimeandpositionrewards:

Afterthemigrationandupgrade,HuobiGlobalwilltakeasnapshotofLUNAandUSTCpositionsontheoriginalTerrainuseraccountswhentheblockheightreaches7,790,000(expectedat20:00(UTC)onMay26,2022),andgiveuserstheproportionalpositionrewardsbasedonthesnapshot.

Snapshotasset:LUNCandUSTCExchangesnapshottime:HuobiGlobalwilltakeasnapshotoftheusersholdingLUNCat15:00(UTC)onMay7,2022,andanotherasnapshotofLUNCandUSTCpositionswhentheblockheightreaches7,790,000(20:00(UTC)onMay26,2022).Correspondingairdropswillbemadesubsequentlybasedonacertainproposition.Therewardswillbedistributedbasedontheholdingssnapshottedinusers'Exchangeaccount.Userswillbenotifiedofthedistributionafteritiscompleteviaannouncement.?

Snapshotscope:exchangeaccount,gridtradingaccount,HuobiEarn,miningpoolaccount,futureaccount,marginaccount(marginaccountwilldeducttheamountoftheborrowedLUNCandtheLUNCinteresttobereturned).Amongthem,thechildaccountandtheparentaccountwillnotbemerged.

Note:whentakingthesnapshot,ifLUNCorUSTCisinanunaccountedorwithdrawnstatus,itwillnotbeincludedinthestatistics.Assetswithapositionlessthan1USDTwillnotbeconsideredforanairdrop.Positionrewardswillbeissuedtotheuser'sexchangeaccountanduserswillbenotifiedviaannouncementaftertheissuanceiscomplete.Itisrecommendedthatuserscompletetherelatedtransactions,depositsandwithdrawalsinadvance.

SubsequentarrangementsregardingthenewLUNA

HuobiGlobalhasstandardizedrulesandprocessesforcoinlistingandreview.HuobiGlobalwillinformusersintheformofanofficialannouncementifthetradingbusinessofthenewLUNAcoinislaunchedinthefuture.?

HuobiGlobalwillmakeaseparateannouncementiftherearefurtherdevelopmentsorcircumstances.

Formoreinformation,pleaserefertotheofficialannouncementoftheproject:https://medium.com/terra-money/terra-2-0-luna-airdrop-cd08a6d9cfcd

Thanks?for?your?support!

Huobi?Global

May?26,?2022

RiskReminder:Tradingdigitalassetsanddigitalassetderivativescomeswithhighrisksduetopricevolatility.Pleasefullyunderstandalltherisksinvolvedandmakeprudentdecisionsbeforetrading.Pleasereadourdetailed?riskreminder?text?here.

HuobiGlobalreservestherightinitssolediscretiontoamendorchangeorcancelthisannouncementatanytimeandforanyreasonswithoutpriornotice.TheaboveisforinformationpurposesonlyandHuobiGlobalmakesnorecommendationsorguaranteesinrespectofanydigitalasset,digitalassetderivative,product,orpromotiononHuobiGlobal.?

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