Notice on Tax Burn for BNB Chain PGALA
- Latest News
Dear HTX Users,
As the PGALA token has been recreated to replace Gala Token (former GALA), we are taking the following measures to protect users' assets:
1. Close the deposit service for PGALA;
2. Adopt the tax burn mechanism to charge a 1.2% two-way tax burn rate for PGALA spot trading. This PGALA tax burn rate does not affect any other tokens;
3. All the tax fees will be used to repurchase and burn PGALA. This tax burn mechanism is scheduled to take effect for PGALA at 16:00 UTC on November 4, 2022;
4. The PGALA tokens that were illegally minted on BNB Chain and deposited to HTX are regarded as unjustified enrichment and will be used to repurchase and burn PGALA. The trading fees generated from GALA related trades during 00:00 to 24:00 (UTC+8) November 4, 2022, will all be used to repurchase and burn PGALA;
5. HTX will continue its efforts to negotiate with the Gala team for compensating users' losses incurred by this event.
HTX
November 4, 2022
Trade on the go with HTX App (iOS/Android)
Find us on
Twitter: https://twitter.com/HuobiGlobal
Facebook: https://www.facebook.com/huobiglobalofficial/
Instagram: https://www.instagram.com/huobiglobalofficial/
Reddit: https://www.reddit.com/r/HuobiGlobal/
Medium: https://huobiglobal.medium.com/
Telegram:
https://t.me/htxglobalofficial
https://t.me/HTX_Chineseofficial
Discord：
HTX 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 HTX makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on HTX. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.
