Huobi Primelist 11th: GARI Network (GARI) on Jan 18, 2022

After listed Deesee (LOVE) on Primelist and Get ROI 2,200% (X22 balance) Huobi Exchange will be listing GARI Network (GARI) on our brand new token listing platform, Primelist, at 10:00 (UTC) on Jan 18, 2022

What is Huobi Primelist?

Similar to Huobi Prime, Primelist is a new token listing platform on Huobi Exchange and expands our channels for listing high-quality tokens. With Primelist, participants stand a chance to buy new tokens at a low price and trade the newly listed token once the Primelist activity ends. 

GARI Network (GARI) Introduction

Gari is Empowering Short Video Content Creators With Social Tokens.

The GARI Token offers Chingari App users a gateway to the blockchain space. The goal is to empower both creators and viewers on the Chingari App with technological tools to interact directly with each other and allow all users on the Chingari App to participate in the long-term direction of the social economy impacting the GARI Token.

The GARI Token is interconnected with the Chingari App, opening to Chingari App users a wider blockchain world where they directly control their assets and can use their tokens to connect and transact with their counterparties, place governance votes, and catalyze platform engagement and user base growth.

Key features：

• Tipping: Users can use the Gari tokens in their in-app Gari wallet to tip their favourite content creators directly from the video feed as well as from the Creator’s profile. These transactions are completely on-chain.
• Boost: Creators will be able to boost their profile and posts to 100M+ chingari users, while making the payment for the service through $Gari.
• Token Gated access: Gari holders can access exclusive content on Chingari platform by staking their tokens on creator pools.
• Governance: $Gari holders will be able to stake and earn yield as well as vote on proposals to decide the future direction of the platform.
• NFTs: Chingari will be the world’s biggest video NFT marketplace. These NFTs can only be purchased with $Gari tokens.
• Audio Rooms Currency: Audio rooms is a feature on Chingari app, similar to Clubhouse, where creators can connect with their followers over audio meetings. $Gari will be used by users to purchase gifts for these creators.

How to join Huobi Primelist?

There are two ways for users to participate in this event. Each user can only choose one method for participation and cannot change the selected method once registration is completed.

1. Register via Queue

Eligibility: 

• Sign up on Huobi Echange and complete the advanced verification process before 10:00 (UTC) on Jan 18 (if you have not done so already).
• Reach a minimum daily average spot trading volume of 200 USDT in any digital asset between 15:00:00 on 12 Jan (UTC) and 9:45:00 on 18 Jan (UTC). Daily Average Spot Trading Volume = Total Spot Trading Volumes during the campaign/Number of Campaign Days. During the campaign, you can check your trading volume at any time on the event page. Trading volume counts both buys and sells (excluding wash trades) across all available trading pairs (excluding USDT/HUSD, PAX/HUSD, USDC/HUSD, USDC/USDT, TUSD/HUSD, DAI/USDT, TUSD/USDT, PAX/USDT, and DAI/HUSD,UST/USDT).
• Hold at least 50 USDT in your Exchange account before 10:00 (UTC) on Jan 18.

Participation Process:

• From 10:00 (UTC) to 11:00 (UTC) on Jan 18, eligible users can register to participate in this event. Their USDT balances in the Exchange account will be locked automatically once they complete the registration. （Please note: If you have not registered for the event, you will not be able to participate）
• From 11:00 (UTC) to 12:30 (UTC) on Jan 18, the system will randomly select 9,000 lucky users among all participants to qualify for the purchase and allocation of 50 USDT worth of GARI each. Those users will see their sequence number (1 ~ 9,000) on the web page.
• For the rest of the participants, their USDT tokens will be automatically unlocked and made available in their Exchange accounts.

2. Register via HT Holding

Eligibility: 

• Sign up on Huobi Echange and complete the advanced verification process before 10:00 (UTC) on Jan 18 (if you have not done so already).
• Have 3-day minimum average holdings of 300 HT between 16:00:00 on Jan 14 (UTC) and 15:59:59 on Jan 17 (UTC), during which you can check your HT holdings at any time on the event page. In addition, ensure you have the minimum USDT holdings required to place orders according to the following table. Please note that all payments will be made in USDT.

• From 10:00 (UTC) to 11:00 (UTC) on Jan 18, eligible users can register to participate in this event. Their USDT balances will be locked automatically once the registration completes. （Please note: if you have not registered for the event, you will not be able to participate）
• From 11:00 (UTC) to 12:30 (UTC) on Jan 18, the system will automatically execute purchase orders with the maximum amount of USDT they can use for the order placement (as shown in the table above) and allocate new tokens for each participant on a pro rata basis.
• After the allocation, any remaining USDT tokens will be sent to their Exchange accounts.

The number of new tokens allocated for each participant = The order amount in USDT for each participant/the order amount in USDT for all participants * The number of new tokens offered

 Please Note:

• Huobi Global will open GARI deposits and spot trading (GARI/USDT) at 13:00 (UTC) on Jan 18
• Huobi Global will open GARI withdrawals at 10:00 (UTC) on Jan 21.
• Margin trading, futures trading, and promotions for GARI with attractive rewards will go live shortly after spot trading for GARI opens. Please stay tuned!

 Terms & Conditions:

• Huobi Tokens (HT) held in all Huobi Global accounts (excluding Huobi Cloud Wallet) are counted within the scope of the snapshot. The snapshot will randomly take place every 24 hours, starting from 16:00:00 (UTC) on Jan 14 to 15:59:59 (UTC) on Jan 17.
• To avoid irrational operations, the platform will restrict the use of Market Orders within the first 3 minutes after spot trading starts. The prices set in Limit Order shall not be higher than 5 times the price set in this event.
• If there are no orders on the orderbook within 90% ~ 110% of the last price, all new Market Orders placed for buying/selling will be canceled automatically to prevent slippage. Please ensure that you have done sufficient risk assessment when trading newly-listed tokens, as they are often subject to high price volatility.
• Users from the following countries or regions will not be permitted to participate in this Primelist event: Mainland China, the United States of America, Canada, Japan, Cuba, Iran, North Korea, Sudan, Syria, Venezuela, and Crimea.
• Orders using API will not be available during the Primelist event.
• The Primelist event is not open to sub-accounts.
• Huobi reserves the right of final interpretation for all aspects of this event, and the right to disqualify any participant who shows signs of fraudulent behavior.

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⚠️⚠️⚠️ Important note: Must do your own research before investing in any Project & invest at your own risk, that you can afford to lose!