Dear Valued Users,

To celebrate the upcoming ETH 2.0, HTX will be holding the ETH Team Challenge from August 16. Join now to hit the leaderboard and fight for the huge prize pool!

Go>>>

Event period:

Team-up period: Aug 16, 2022 12:00 - Aug 19, 2022 12:00 (UTC)

Trading period: Aug 19, 2022 12:00- Aug 29, 2022 12:00 (UTC)

 

Team-up rules:

• The event is separated into two periods: team-up and trading. During the team-up period, participants may create a team as a team leader or join a team.
• During the trading period, new participants may rise to be team leaders or join a team at any time.
• Participants who have joined a team may not join another team.
• During the event, only ETH trades are eligible for the trading volume ranking. Users who trade tokens other than ETH will not have their trading volume calculated and are not eligible to be ranked.
• The ETH trading volume of each participant is calculated during the event's trading period. The trading volume generated before the trading period will not be calculated. The trading volume generated before joining a team will not be counted towards the team's trading volume.
• A team may consist of a maximum of 10 people and a minimum of 1 person.
• Participants whose ETH trading volume is >500 USDT during the event (incl. the team-up period and the trading period) are eligible to form a team as team leaders. There are no restrictions on joining a team.

 

Reward allocation:

• Daily prize pool for the Daily Leaderboard = Spot trading fees generated by all participants in ETH trading pairs on that day * prize pool weight * 70%
• Prize pool for the Overall Leaderboard = Σ (Spot trading fees generated by all participants in ETH trading pairs each day * prize pool weight * 30%)

Current day ETH trading volume (USDT)	Prize pool weight
≤200,000,000	100%
＞200,000,000	120%
＞300,000,000	130%
＞400,000,000	140%
＞500,000,000	150%

• Allocation of the Daily Leaderboard prize pool:

Ranking	Reward
1	Daily prize pool * 40%
2	Daily prize pool * 30%
3	Daily prize pool * 20%
4	Daily prize pool * 5%
5	Daily prize pool * 2.5%
6	Daily prize pool * 1.5%
7	Daily prize pool * 1%

• Allocation of the Overall Leaderboard prize pool

Ranking	Reward
1	Overall leaderboard prize pool * 50%
2	Overall leaderboard prize pool * 30%
3	Overall leaderboard prize pool * 10%
4	Overall leaderboard prize pool * 4%
5	Overall leaderboard prize pool * 3%
6	Overall leaderboard prize pool * 2%
7	Overall leaderboard prize pool * 1%

• The team ranked 1st on the Overall Leaderboard will be given an extra reward of 7 ETH, which will be equally distributed among all team members.
• Within the winning team, the team leader will be given a fixed 30% share of the team reward, and all members will share 70% of the team reward in proportion to their trading volumes.

 

Ranking rules:

• The participating teams are ranked based on their total ETH spot trading volumes. The higher the volume, the higher the ranking.
• The Top 7 teams in terms of the daily trading volume are eligible to share the prize pool for the Daily Leaderboard. The Daily Leaderboard will be published in the form of an announcement.
• The Top 7 teams in terms of their overall trading volume are eligible to share the prize pool for the Overall Leaderboard. The Overall Leaderboard will be featured.
• Rewards for the winning teams will be credited to the members' spot account within 10 working days after the end of the event.

 

Terms & Conditions:

● Market makers are not eligible to participate in this event.

● Trading volumes of sub-accounts will be counted towards that of the main account.

● Spot trading volumes whose trading fees have been offset by point cards or cashback vouchers will not be included in volume calculation for the contest.

● Only trades performed during the event period will qualify for the volume ranking.

● Wash trading is not counted in the trading volume.

● To comply with local regulatory policies, the trading service is not available in the following countries or regions: Venezuela, Syria, Sudan, North Korea, Iran, Cuba, Japan, Canada, USA, Mainland China, Singapore, Spain, Malaysia, Netherlands, New Zealand, Indonesia, Russia, Republic of Crimea, Hong Kong SAR (futures trading), and UK (futures trading by retail traders).

● HTX reserves the right to disqualify any participant who shows any sign of fraudulent behavior.

 

Disclaimer:

The content of this announcement and other information on HTX does not constitute investment advice. HTX is not liable for any direct or indirect losses arising from reliance on such information. HTX does not assume responsibility for guarantees, compensation, etc. for trading or staking.

 

HTX

Aug 16, 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 digital asset, product, or promotion on HTX. Prices of digital assets are highly volatile and trading digital assets involves risk. Please read our Risk Reminder text here.