Interested in participating in Huobi Prime’s launch of Reserve Project’s Reserve Rights Token (RSR) token? The following guide will take you through everything you need to know to take part.

UPDATE: Price & Time Of Sale

The Huobi Prime sale of RSR will start at 20:00 (GMT+8) on May 22, 2019.

Subscription Ratio: 

Highest tradable prices of RSR in HT:

1st Round1 RSR= 0.000230 HT

2ndRound1 RSR= 0.000423 HT

Post-Prime RSR/HT trading & RSR /USDT, RSR /BTC trading pair will open on Huobi Global at 21:00, May 22, 2019 (GMT+8) with Trading Protection;

Trading Protection shall end at 21:05, May 22, 2019 (GMT+8);

There will be Trading Protection after “Price Limit” round ends:

In order to avoid extreme price volatility due to exuberance, we will restrict the use of market orders within 5 mins after official trading opens, and users are unable to place orders at prices 5 times higher than the highest tradable price during our “Price Limit” round;

Before You Begin: Register & Make Sure You Have Enough Huobi Token

If you haven’t already, please make sure you fully register a Huobi Global Account. Learn to register an account here.

You will also want to make sure you have enough HT to participate. Learn to transfer tokens to your account here.

Participants must maintain a minimum Huobi Token (HT) position during the HT Holding Period stated below to be eligible for our third Huobi Prime launch. Each individual can place orders up to a certain quantity (see Individual Cap based on HT holding during the holding period) across all Prime trading rounds.

HT Holding Period  May 15, 00:00:00 to May 21, 23:59:59 (GMT+8)

Minimum HT Holding During This Period : 1,000HT

Individual Cap Based on Daily HT Holding (determined by random snapshot):

IndivCap.PNG

Price Limit Round Summary:

round_details.PNG

  (10 minutes per Round : 1st 5 minutes trading; latter 5 minutes clearance)

3 Steps for Prime Trading

Step 1: Confirm Prime Eligibility from 15 May onwards by accessing this site after login to Huobi Global.

Step 2: Login to HBG 20 minutes ahead of time via web, app or client.

  • First, open up website, click Huobi Prime banner on top;
  • Second, click Huobi Prime Ad in banner to access Prime Trading page:

Step Three: When countdown ends, input ‘Order Amount‘ (less than individual cap) + click “Buy RSR’ + complete slide authentication.

Orders will be placed after slide authentication (required for bot defence), and the system will match orders.

Slider Authentication

For Round 1: if orders successfully execute, click “Balance”, you will see the amount of tokens acquired.

For Round 2: Users with unused individual cap can place limit buy orders. Successful placement can only be confirmed once system allocation is completed after the 5-minute trading session is over.  

In each Prime Trading round, when 5 minutes is reached, or total tokens available for trading are sold out, Prime Trading is complete.

Tips

  1. Slide authentication system might experience delays due to network issues, please be patient.
  2. During Prime Trading stage, users can place sell orders, however individual cap will not recover if orders successfully execute.
  3. Trading Protection: In order to avoid extreme price volatility due to exuberance, we will restrict the use of market orders within 5 minutes after official trading opens and users are unable to place orders at prices 5 times higher than the highest tradable price during our Second Price Limit Round.

Disclaimer: Huobi Prime will not, under any circumstances, make price forecasts or representations as to the asset’s investment characteristics. Huobi Prime will not provide any trading or financial advice and Huobi Prime users should conduct independent analysis including, where appropriate, taking third party legal, tax and financial advice.  Huobi Prime is limited to users from jurisdictions where digital asset trading is a permissible activity and no regulatory restrictions apply.

Digital asset trading comes with high risks. Please have full understanding of all the risks of trading digital assets and be prudent of your own trading decisions. Huobi will review and select the digital assets to be listed and traded, but does not guarantee or compensate for any return or risks thereafter.

Posted by Editor