Dear HTX Users,

With the Bitcoin halving approaching and after three days of the Open Beta Test, we are delighted to announce the official launch of our Trade to Earn event with a daily prize pool of 100,000 USDT. Come and enjoy fee-free trades while earning generous rewards.

The event rewards will be distributed in $HTX; all trading fees of BTC/USDT during the event will be used for $HTX buybacks. This will provide you with an unprecedented opportunity for asset growth while ensuring stable $HTX appreciation.

Event Schedule:

• Event Period: 12:00:00 (UTC) on March 15, 2024 to 11:59:59 (UTC) on April 14, 2024.
• The Trade to Earn event is on a daily basis. A day is defined from 12:00 (UTC) on Day T to 11:59 (UTC) on Day T+1.
• Event rewards will be calculated and updated starting on Day T+2 at 04:00 (UTC). Please claim your $HTX in time.

Eligibility:

Users must have a Rocket count of ≥300  and successfully register on the event page.

Check your Rockets now and participate in the event!

Event Rules:

The designated spot trading pair for this round of the event: BTC/USDT.

Rewards in the daily prize pool are distributed on a first-come, first-served basis, with the $HTX reward amount calculated based on the actual fees generated, order types, and reward ratios.

Reward Calculation Rules:

• Rewards in the daily prize pool are given on a first-come, first-served basis, determined by the actual fee generation time of participants' trades.
• $HTX reward amount = Actual fee generated in USDT * Reward ratio by the order type / $HTX price at 12:00 (UTC) on Day T
• Each user has a daily reward cap, which may be adjusted during the event period as circumstances require. Once an individual's daily mining reward limit or the prize pool limit is reached, no further rewards will be accrued.

For example, assume the $HTX price is 0.000002 USDT at the start of the Trade to Earn event at 12:00 (UTC) on Day T, and a participant generates 100 USDT in fees from BTC/USDT trading pair between 12:00 (UTC) on Day T and 11:59 (UTC) on Day T+1, all as Taker orders. Meanwhile, the fees are generated before the depletion of the prize pool on Day T, and the participant's reward limit is not reached.

Then the participant's daily reward of $HTX would be: 100 * 105% / 0.000002 = 52,500,000.

Rewards will be updated and made available for claim at 04:00 (UTC) on Day T+2.

Order Reward Ratio and Prize Pool:

Trading Pair	Reward Ratio for Maker Order	Reward Ratio for Taker Order	Daily Prize Pool (USDT)	Daily Rewards of $HTX
BTC/USDT	110%	105%	100,000	Calculated based on the $HTX price at 12:00 (UTC) on Day T

The daily prize pool is a fixed value in USDT, and the event will calculate the $HTX amount in each pool based on the $HTX price at the start of the day.

For instance, if the $HTX price is 0.000002 USDT at 12:00 (UTC) on Day T when the event starts, and the prize pool of the day is 100,000 USDT, then the total $HTX amount for the day would be 50,000,000,000.

About $HTX Buybacks:

• The platform's all fee income generated from the BTC/USDT trading pair during the event will be fully used for $HTX buybacks to support the stable $HTX appreciation. The repurchased $HTX will be entirely burnt, with the schedule coinciding with the quarterly burn. Specific timing will be announced separately.
• As the daily trading fee statistics period is from 00:00 to 23:59 (UTC+8) per day, the first trading fee calculation period will span from 00:00 (UTC+8) to 23:59 (UTC+8) on March 16, 2024, following the start of the event on March 15, at 20:00:00 (UTC+8). To facilitate buyback calculations, the first buyback based on trading fees generated on March 16 will be completed on March 17. Meanwhile, the last trading fee statistics period will occur from 00:00 (UTC+8) to 23:59 (UTC+8) on April 14, 2024, as the event ends on the same day, at 19:59:59 (UTC+8). Therefore, the last buyback based on trading fees generated on April 14 will be completed on April 15.
• For the details of daily buyback after the event starts, please refer to further announcements.

 

Notes:

• Sub-accounts cannot be used to participate in this event. Data from sub-accounts will be counted towards their main accounts.
• Market maker users and API orders are included in the reward calculation for this event.
• Starting from 16:00:00 (UTC) on March 19, 2024, trading fees corresponding to participants' rewards in the "Trade to Earn" event will no longer be eligible for commissions or rebates. Other fees generated by their trades will remain unaffected.
• HTX will strictly review and disqualify any participants who show any signs of fraudulent behaviors, such as malicious inflation of trading volume, bulk registration of fake accounts, wash trading, and order matching.
• HTX reserves the right of final interpretation for this event.

 

Thank you for your support and trust. We eagerly anticipate your participation!

 

HTX

March 15, 2024

 

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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.