ALGO Chain-based USDC Deposits &amp Withdrawals Go Live: 30,000 ALGO Prize Pool &amp Zero Withdrawal Fees

 New Listings    |      2021-11-03

Dear Valued Users,

The ALGO chain-based deposits & withdrawals for USDC will go live on Huobi Global. To celebrate this, we’re offering you a promotion 

with the 30,000 ALGO prize pool & ZERO withdrawal fees.


Timeline for Deposits & Withdrawals

  • The deposits for USDC (ALGO) will open at 10:00 (UTC) on Nov 3.
  • The withdrawals for USDC (ALGO) will open at 10:00 (UTC) on Nov 3.


I. Deposit to Win Your Share of 30,000 ALGO Tokens

Period: 10:00 (UTC) on Nov 3 - 10:00 (UTC) on Nov 10


  • Users who deposit USDC via the ALGO chain to the Huobi Platform are eligible for a share of 30,000 ALGO according to their net deposit volumes.
  • Net deposit volumes = Deposit volumes based on the ALGO chain - Withdrawal volumes based on all chains available on Huobi Global
  • Users with negative net deposits are ineligible to receive rewards.

Reward Calculation: 

  • Individual Net Deposit Percentage = Individual Net Deposit Volume/ Total Net Deposit Volume from all eligible users * 100%
  • Individual Rewards = Individual Net Deposit Percentage * 30,000
  • The individual reward is limited to a maximum of 500 ALGO. Due to the dimension of the tick display, the rewards of less than 0.00000001 ALGO will not be distributed.

Please Note:

  • The deposit & withdrawal volume of sub-accounts will all be credited to that of parent accounts. 
  • Rewards will be sent to users’ Exchange accounts within 10 working days after the event ends.
  • Users are required to complete the ID verification process before this campaign ends. Otherwise, they will be disqualified for any rewards.
  • In accordance with the local compliance, Mainland China users are not allowed to participate.


II. Enjoy ZERO Withdrawal Fees for USDC (ALGO Chain)

Period: 10:00 (UTC) on Nov 3, 2021 - 10:00 (UTC) on Nov 3, 2022 


  • During the promotion period, users can enjoy zero fees when withdrawing USDC via the ALGO chain. 
  • Once the promotion ends, the withdrawal fees will be back to normal.


Click for more ALGO promotions>>>


Huobi Global

November 3, 2021


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Huobi Global reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi Global makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi Global. Prices of digital assets are highly volatile and trading digital assets involves risk. Please read our Risk Reminder text here.