HTX has Implemented PGALA Burn Mechanism on Trading Fees
- Latest News
Dear HTX users,
HTX has implemented a burn mechanism to burn all trading fees on all PGALA pairs by sending them to the PGALA burning address: 0x0000000000000000000000000000000000000001.
Details are as follows:
| Period of Calculation |
Total Burned |
Transaction Hash ID |
| Nov 5 12:00 - Nov 6 20:00 (UTC+8) |
262,333,244.4 PGALA |
Please Note:
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This announcement regarding the total PGALA burned will be updated on a daily basis until the end of the burn mechanism.
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The spot trading fees on PGALA/USDT pair from the previous day (UTC+8) will be burned the next day.
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Since the burn mechanism began at 21:35 (UTC+8) on Nov 6, 2022, the first batch of trading fees burned was calculated from 12:00:00 (UTC+8) on Nov 5, 2022 to 20:00:00 (UTC+8) on Nov 6, 2022.
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Trading fees on PGALA trading pair that collected in a token other than PGALA (e.g., USDT) will be used to repurchase and burn PGALA before 00:00:00 (UTC+8) per day.
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HT fee discounts, fee rebates, or any other form of fee adjustment or fee discount will not affect the burn mechanism on trading fees of the PGALA/USDT pair.
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HTX reserves the right of final interpretation regarding this PGALA burning mechanism and result.
Thank you for your support!
HTX
November 6, 2022
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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.
