Huobi Announces Rebranding of PGALA to ROCK and Launch of ROCK  

• Huobi will resume the withdrawal service for ROCK on April 11, 2023, at 10:00 (UTC).
• Both makers and takers will be charged a fee rate of 0.2% for each transaction.

Huobi, one of the world’s leading cryptocurrency exchanges, has announced the completion of its rebranding of PGALA to ROCK and has also revealed plans to launch the ROCK token. The rebranding of PGALA to ROCK reflects the exchange’s commitment to offering its users a diverse range of services and products.

On April 11, 2023, at 10:00 (UTC), Huobi will resume the withdrawal service for ROCK, as stated in a blog post by their team. Previously, the Seychelles-based cryptocurrency exchange platform stopped withdrawals on April 6, 2023.

Notably, Huobi will list the ROCK/USDT trading pairs in Spot at 10:00 UTC on April 10, 2023. This move aims to expand their trading portfolio and offer their users more trading options.

Huobi’s Strategy For This Launch

Both makers and takers will be charged a fee rate of 0.2% for each transaction. Huobi’s decision to launch this trading pair is expected to boost the liquidity of ROCK and make it more accessible to traders.

According to a recent announcement by the Huobi team, they will be delisting and burning the original PGALA tokens. This move aims to ensure the security and integrity of their platform and protect their users’ investments. The team plans to announce the burned address at a later time.

Recently, Huobi and Gala Games, a Web3 gaming platform, announced that they would be distributing cryptocurrencies and software licenses worth around $50M to GALA token holders who suffered losses due to a scheme involving the platform’s utility token last fall.

Huobi Token (HT) has experienced a rise in its price, with a recorded increase of 0.11% in the last 24h. At press time, it traded at $3.59. Additionally, the trading volume decreased by 0.56%, reaching a value of $10,858,528.