Huobi To Host Special Sale On Bitcoin Pizza Day

Leading blockchain firm Huobi Global is all set to celebrate Bitcoin Pizza Day on the 22nd of this month with a variety of initiatives. One of them involves the launch of their Reserve Protocol’s Reserve Rights Token (RSR) via Huobi Prime, the company’s premium platform for crypto launches. In honour of the day, Huobi will also host a sale where Bitcoin will be sold at discounted prices, with nearly half the market price being slashed off.

This will be the ninth Bitcoin Pizza Day after Florida-based programmer Laszlo Hanyecz went down in history on May 22nd, 2010 for buying two Bitcoins for 10,000 Bitcoins.

At today’s prices, you would get a great deal more than just two pizzas for 10,000 Bitcoins as the latter are now worth roughly 70 million USD. In light of this interesting purchase, Bitcoin Pizza Day has been a well-loved tradition within the crypto community.

Livio Weng, the Chief Executive Officer (CEO) of Huobi Global, has said that Bitcoin Pizza Day is basically being celebrated as Prime Day by Huobi in 2019. He elaborated on how the idea for the celebration came about and said:

“Things started as a joke that we were going to list Bitcoin through Prime but then I kept thinking, what better way to mark Prime 3 and celebrate Pizza Day? Let’s actually do this!”

Huobi’s Pizza Day promo will have Bitcoins worth 1.5 million USDT being offered at special discounts. There will be two rounds, the first beginning at 18:00 hours (GMT+8) of 22nd May, where 20% of the total supply of Bitcoin will be sold at 50% off the market price. The second round will see a 20% discount on the remaining Bitcoins.

The first round will occur on a first-come first-serve basis, while the second round will see all qualified and orders being partially filled by adjusted system matching.

As Ross Zhang, the Huobi Group’s marketing head said:

“To put it another way, all qualified users in our second round will get at least some of the BTC they seek. I do want to warn people, though – we expect demand to be very high, so you’ll have to be lucky and quick in the first round. Also, anyone who goes into the second expecting his or her entire order to be filled may need to adjust their expectations.”

To qualify, users must have held 1000 Huobi Tokens for at least seven days before Prime Day. Alternatively, users who have a daily average holding of 20,000 USDT or more (or an equivalent amount in BTC, NEW, TT, TOP) are also eligible to participate in the Pizza Day sale.