Dear HTX Market Makers,

Now you can earn extra USDD rebates from your incremental trades in USDT-M perpetual futures!

You are entitled to up to 1.0 bps rebates once you have a 5,000,000 USDT weighted trading increment in your USDT-M perpetual futures!

Trade more to earn more rebates!

 

Eligible participants: HTX market markers

 

Event period: 16:00 (UTC) on Dec 31, 2022 - 16:00 (UTC) on Mar 31, 2023

Phase	Duration	Rebates payment date
Phase 1	Jan 1 - Jan 31, 2023 (UTC +8)	Feb 9, 2023
Phase 2	Feb 1 - Feb 28, 2023 (UTC +8)	Mar 9, 2023
Phase 3	Mar 1 - Mar 31, 2023 (UTC +8)	Apr 11, 2023

 

Applicable USDT-M perpetual futures symbols:

Group	Symbols	Weight factor
Group A	BTC, ETH, XRP	1.0
Group B	BCH, LTC, MATIC, ADA, AVAX, SOL, ATOM, DOT, LINK, ETC, DOGE	3.2
Group C	HT, TRX	8.0
Group D	Other USDT-M perpetual symbols	1.4

 

Rebate Rules:

In the weighted volume calculation formula, we use Vol for representing the weighted trading volume of USDT-M perpetual futures, R_Vol for the real trading volume, X for the minimum participation volume, Y for the base-month Vol (of the immediately previous 2 months, the one with a higher volume is the base month), Z for the standard incremental Vol.

In each phase, Vol - Y - Z = M. A participant qualifies for rebates when M ≥ 0.

Real incremental volume = Each phase's R_Vol - Base-month R_Vol

Rebates = Real incremental volume * Maker fee rate

Tier	Participation criteria The higher R_Vol in the immediately previous 2 months is ≥ X respectively	Y (Base-month Vol)	Z (Standard incremental Vol)	Maker fee rate
Tier S	X = 50,000,000 USDT	Max[VolT-1, VolT-2]  T is the current event phase	25,000,000 USDT	0.1 bps
Tier 1	X = 4,000,000 USDT		7,000,000 USDT	0.5 bps
Tier 2	X = 1,000,000 USDT		5,000,000 USDT	1.0 bps

 

Example:

Assume that you are a Tier-1 market maker who has the following performance in trading USDT-M perpetual futures in November 2022, December 2022 and January 2023:

Month	R_Vol	Vol
November 2022	8,000,000 USDT	10,000,000 USDT
December 2022	3,800,000 USDT	5,000,000 USDT
January 2023	15,000,000 USDT	20,000,000 USDT

As your November R_Vol = 8,000,000 USDT > 4,000,000 USDT, you qualify for the maker rebate event for January 2023.

The November Vol (10,000,000 USDT) is higher between November Vol and December Vol, therefore, the base-month is November and Y =10,000,000 USDT.

M = Vol - Y - Z = January Vol - November Vol - Z

= 20,000,000 USDT - 10,000,000 USDT - 7,000,000 USDT = 3,000,000 USDT > 0. Therefore, you qualify for rebates.

Real incremental volume = January R_Vol - November R_Vol

=15,000,000 USDT - 8,000,000 USDT

= 7,000,000 USDT

Fee rebates = 7,000,000 USDT * 0.5bps

= 350 USDT

You will receive equivalent USDD assets.

 

Important notes:

• • 1 bps = 0.01%
  • The event is for HTX market makers only. All qualified market makers can participate without registration.
  • Sub-accounts are not eligible to participate independently. Trading volume from sub-accounts will be counted towards the main account.
  • All rewards will be credited to your spot account within 10 working days after the end of the event. Please contact your account manager for assistance if you haven't received the rewards within 10 working days.
  • HTX will disqualify participants if any fraudulent behavior, such as inflation of trading volume, bulk registration of fake accounts, self-trading, order matching, etc, is detected.
  • HTX reserves the right of final interpretation of this event.
  • HTX reserves the right to modify, change or cancel this event for any reason without further notice.

 

HTX

December 22, 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 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.