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Huobi announced yesterday that it is starting new Prize Pools between October 22 and October 30 with 20,000 XRP to be won in prizes. Two airdrop prize pools will be awarding 10,000 XRP each. It will be used exclusively for new Huobi OTC users.
<h2>First-time Users Get a Boost</h2>
According to Huobi, two pools will be providing 20,000 XRP in prizes to users. In Airdrop Prize Pool 1 “<em>Users who successfully complete one transaction (buy/sell) for the first time on Huobi OTC</em>” will stand to win a share of the total prize. In Airdrop Prize Pool 2:
<blockquote class="td_quote_box td_box_center">“MAKERS who successfully trade with any New Huobi OTC Users* will be eligible for a share in Airdrop Prize Pool 2. The more the New Huobi OTC users you trade with, the more shares in Airdrop Prize Pool 2 you will get.”</blockquote>
There is no restriction on the number of shares that a maker can receive.

Makers do not pay any trading fee for Bitcoin, Ethereum and Tether on the platform. However, a fee of 0.2 percent is payable for trading in EOS and HT. The offer will be available to all users except those living in China or doing trades in CNY. Makers will have to complete ID verification and must keep sufficient digital assets in their accounts before creating any advertisements.
<h2>Huobi’s Strides Into OTC Markets</h2>
The OTC global exchange recently listed four stablecoins on its platform including Paxos Standard Token (PAX), TrueUSD (TUSD), USDCoin (USDC) and Gemini Dollar (GUSD). All the coins were made available from October 19 on Huobi Global. They have also introduced a stablecoin solution called HUSD.

Stablecoins offer lesser price volatility compared to other cryptocurrencies. They are pegged to a fiat currency. In the case of Tether, Gemini Dollar and Pax, the base currency is US Dollar, which is a relatively stable fiat. The issuers of stablecoins claim that each of their coins is issued against a reserve of US Dollars. A new coin is issued only when the company has sufficient USD in its secure vaults. The new HUSD stablecoin solution helps remove the risks of holding one single stablecoin.

Huobi OTC Global Users Can Share New Prize Pools Worth 20,000 XRP was originally found on [blokt] - Blockchain, Bitcoin &amp; Cryptocurrency News.

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Author: Viraj Shah

Huobi OTC Global Users Can Share New Prize Pools Worth 20,000 XRP

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Huobi OTC Global Users Can Share New Prize Pools Worth 20,000 XRP

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