Hourglass to Release KYC Link for Stable Deposit Phase Two on November 9
Hourglass reports strong engagement in Phase Two, with over 10,000 verified wallets contributing more than $1.1 billion and a 45% final allocation above the minimum threshold.
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Fact Check
The core of the statement—that Hourglass is releasing a KYC link for its Stable Deposit Phase Two—is strongly and consistently supported by multiple sources with moderate-to-high authority, including PANews, RootData, and Bitget. These sources all confirm that the event is officially planned and upcoming.The specific date of "November 9" is not directly confirmed by these higher-authority sources. There is one piece of conflicting information from a post on X by CoinRank, which suggests the release will occur *by* November 8 at 11:59 PM UTC. However, this source has a significantly lower authority rating (0.40) compared to the others (0.80-0.85).Given the overwhelming evidence from credible sources that the event is happening imminently, the statement is considered substantially accurate. The contradiction regarding the exact date comes from a single, low-authority source and is not strong enough to classify the entire, otherwise well-supported, statement as false. Therefore, the statement is assessed as likely true.
Summary
Hourglass announced the completion of Phase Two of its Stable pre-deposit vault, recording contributions from over 10,000 verified wallets totaling more than $1.1 billion. With a $1,000 minimum allocation and proportional distribution, participants will receive approximately 45% of their allocation above the threshold, while 55% will be refunded next week. The announcement marks the close of this phase following prior high participation levels and compliance checks.
Terms & Concepts
- Stable vault: A crypto product designed to provide secure storage and potentially stable returns for deposited assets.