HTX's "Earn with Pending Orders" Debuts: Post BTC Orders and Split 25.7B $HTX
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Dear HTX Users,
To provide users with a diversified trading experience, HTX is excited to introduce the new "Earn with Pending Orders" event, offering non-stop rewards in 7*24 hours. Join now to win your share of 25.7 billion $HTX!
Event Period: 10:00 (UTC) on June 26, 2024 - 10:00 (UTC) on July 3, 2024
What is "Earn with Pending Orders"?
HTX's "Earn with Pending Orders" event evaluates the order book status within the platform's trading market. At regular intervals, snapshots of pending orders for the designated trading pair will be taken to determine whether the prices at which users place their orders fall within a valid range around the current market bid and ask prices. Subsequently, rewards will be calculated based on the order amount each user has placed.
Event Rules
The platform will take random snapshots of pending orders for the designated trading pair every minute. Based on these snapshots, the platform will calculate rewards separately for qualifying buy and sell orders. These rewards can be accumulated in the event.
- The designated spot trading pair for 1st round of the event: BTC/USDT.
- Total prize pool: 25,700,000,000 $HTX
- Hourly reward cap for each participant in this event: 85,763,293 $HTX
- A participant will not receive rewards if either the hourly reward cap for the participant or the hourly prize pool limit is reached.
Valid Pending Orders
- Minimum order amount requirement: Pending orders must be limit orders with a minimum amount of 100 USDT at the time of the snapshot, defined as order price * order quantity ≥ 100 USDT.
- Snapshot rules: The platform will snapshot pending orders randomly once per minute to record their status.
- Pending order price: The price of pending orders should not deviate by more than 0.5% from the latest executed price (closing price) at the time of the snapshot.
Here's an example: the latest executed price (closing price) at the time of the snapshot for BTC/USDT is 60,000 USDT.
The threshold range: ±0.5%
The upper limit price: the latest executed price (closing price) at the time of the snapshot for BTC/USDT x (1+0.005) = 60,000 x 1.005 = 60,300 USDT.
The lower limit price: the latest executed price (closing price) at the time of the snapshot for BTC/USDT x (1-0.005) = 60,000 x 0.995=59,700 USDT.
Therefore, valid pending orders must have prices at the time of the snapshot between 59,700 USDT and 60,300 USDT (59,700 USDT < Pending order price < 60,300 USDT).
Reward Distribution
- Total prize pool: 25,700,000,000 $HTX
- Daily prize pool: 3,675,569,713 $HTX (Calculated as: 25,700,000,000 $HTX / 7 days = 3,675,569,713 $HTX per day).
- Prize pool per minute: 2,552,478 $HTX. (Calculated as: 3,675,569,713 $HTX/1440 Minutes ≈2,552,478 $HTX per minute).
Reward Calculation
Every minute, users will share the prize pool proportionally based on the order amounts of their pending orders.
The Formula for Calculating Users' Rewards per Minute:
- A User's Reward per Minute = Reward Pool per Minute * (The User's Pending Order Amount / Total Amount of All Valid Pending Orders)
- Users' rewards can be accumulated and will be settled after the event ends.
- Example: Let's assume that, in a specific minute, the total amount of all eligible pending orders is 1000 USDT, and User A has a pending order amounting to 100 USDT. According to the provided reward calculation formula, User A's reward can be calculated as 2,552,478 $HTX * (100/1000). Therefore, User A would receive a reward of 255,247.8 $HTX for that minute.
Terms and Conditions
- Users need to click Register Now to participate in the event.
- Rewards will be credited to winners' HTX accounts within 14 working days after the end of the events. If winners have not received their rewards after the specific period, please contact our 24/7 online Customer Support or email [email protected] for assistance.
- Sub-accounts cannot be used to participate in this event. Data from sub-accounts will be counted towards their main accounts.
- Market makers are not eligible to participate in this event. API orders are not included in this event.
- 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
June 26, 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.
