Dear HTX Users,

Fan Token Team Competition has kicked off! Team up and trade designated tokens to enjoy 100% trading fee cashback. Participants also stand the chance to share our $1,000 daily prize pool every day. Join this contest now with your friends and trade your way to the leaderboard!

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Event Period:

Team-up period: 12:00 (UTC) on Nov 11, 2022 - 12:00 (UTC) on Nov 13, 2022

Trading period: 12:00 (UTC) on Nov 13, 2022 - 12:00 (UTC) on Nov 20, 2022

Team Formation Rules:

• The event takes place over 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 already joined a team may not join another team. Once users have successfully joined a team, they may not leave the team.
• A team may consist of a maximum of 15 people and a minimum of 1 person.
• Participants whose spot and margin trading volume of designated tokens are >50 USDT during the event (incl. the team-up period and the trading period) are eligible to form a team as team leaders. There is no trading volume requirement for joining a team.

Ranking Rules:

• The designated tokens for this competition (spot & margin trading): CHZ, ITA, PSG, OG, JUV and ATM.
• During the event period, participants who already had formed a team before the Trading Period would have their spot and margin trading volumes calculated from the Trading Period. Participants who formed a team during the Trading Period would have their spot and margin trading volumes calculated from the time the team is formed.
• During the event, only trades made in the designated tokens are eligible for the trading volume ranking. Users who trade tokens other than the designated tokens will not have their trading volumes calculated and are not eligible to be ranked.
• Participating teams are ranked based on their total spot and margin trading volumes of the designated tokens. The higher the volume, the higher the ranking.

 

Referral Bonus Rules:

• If a participant has referred a new user to HTX during the event and both of them belong to the same team, the trading volumes of both parties will be multiplied by 3 times.
• If the participant has invited a new user before the event and both of them belong to the same team, the trading volumes of both parties will be multiplied by 1.5 times.

 

Reward Allocation:

• There are two prize pools in this competition: the Daily Leaderboard prize pool and the Overall Leaderboard prize pool.
• Prize pool of the Overall Leaderboard = Spot and margin trading fees incurred by all participants in the designated trading pairs * 100%
• 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.
• The Top 10 teams in terms of their daily trading volume are eligible to share the daily prize pool of the Daily Leaderboard. The Daily Leaderboard is subject to the information displayed on the event page.
• The Top 10 teams in terms of their overall trading volume are eligible to share the prize pool of the Overall Leaderboard. The Overall Leaderboard is subject to the information displayed on the event page.
• Rewards for the winning teams will be credited to the members' Spot accounts within 10 working days after the end of the event.
• The rewards are issued in the form of tokens and Oracle Beans. The reward amount is subject to the actual amount credited to the winners' accounts.
• Allocation of the Daily Leaderboard prize pool:

Rank	Reward (USDT)
1st	200
2nd	150
3rd	120
4th	110
5th	100
6th	80
7th	70
8th	65
9th	55
10th	50

 

• Allocation of the Overall Leaderboard prize pool:

Rank	Reward
1st	Overall leaderboard prize pool * 20%
2nd	Overall leaderboard prize pool * 18%
3rd	Overall leaderboard prize pool * 15%
4th	Overall leaderboard prize pool * 12%
5th	Overall leaderboard prize pool * 10%
6th	Overall leaderboard prize pool * 7%
7th	Overall leaderboard prize pool * 6%
8th	Overall leaderboard prize pool * 5%
9th	Overall leaderboard prize pool * 4%
10th	Overall leaderboard prize pool * 3%

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 the volume calculation for the competition. Spot trading volumes with zero trading fees, maker fee rates, or negative fee rates will be excluded from the volume calculation.
• Self-trades will be excluded from the trading volume calculation.
• Due to local compliance requirements, users from the following countries and regions are not eligible to participate in this event: Mainland China, the United States of America, Cuba, Iran, North Korea, Sudan, Syria, Singapore, and Venezuela.
• HTX reserves the right to disqualify any participant who shows any sign of fraudulent behavior.

 

HTX

November 11, 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.