On March 11, the cryptocurrency exchange HTX launched an open beta test for its brand-new “Trade to Earn” event, available to all users. This event, shaped by voice from the HTX DAO community, aims to deliver a fresh trading experience and generous $HTX rewards to users.
Following the conclusion of the beta period, HTX will soon kick off the official event with an even more substantial prize pool daily. At the same time, the platform’s all fee income generated from the BTC/USDT trading pair during the event will be fully used for $HTX buyback to support the stable $HTX appreciation.
What is Trade to Earn?
The Trade to Earn event is a benefit for all trading users. After successful registration for this event, participants can earn $HTX as rewards by trading designated cryptocurrencies. Additionally, all daily trading fees generated will be fully utilized for $HTX buybacks to support stable appreciation. 100% of $HTX acquired through buybacks will be entirely burned!
This event enhances the platform’s liquidity through reduced trading costs and improved trading efficiency, offering users better trading experience. Meanwhile, the supply of $HTX will be decreased through the event to enhance its stability and value, which will help attract more investors and users to participate in ecosystem development.
Most importantly, this burning method also grants more earning opportunities for HTX DAO users. Through participation in liquidity mining and staking, users can receive more rewards in tokens, thereby achieving wealth appreciation.
A Complete Guide to Participation
1. Eligibility
● The event is open to all HTX users, including market makers and API traders.
● Users must have a Rocket count of ≥6,000 and successfully register on the event page.
2. Event Schedule
● Open Beta Test Period: 12:00:00 (UTC) on March 11, 2024 to 11:59:59 (UTC) on March 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). Eligible users can claim their rewards of $HTX after the time. There are no lock-up restrictions for $HTX earned from the event, withdrawable at any time.
3. Event Rules
● Applicable Spot Trading Pair: BTC/USDT
● Reward Calculation: $HTX reward amount = Actual fee generated in USDT * Reward ratio by the order type / $HTX price at 12:00 (UTC) on Day T
● A participant will not receive rewards if either the daily reward limit for the participant or the daily prize pool limit is reached.
Estimated Rewards
● The daily prize pool is a fixed value in USDT, specifically 2,000 USDT during the open beta test period. 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 2,000 USDT, then the total $HTX amount for the day would be 1,000,000,000.
● The $HTX amount in the daily prize pool is calculated based on the actual fees generated, order types, and reward ratios.
| Trading Pair | Reward Ratio for Maker Order | Reward Ratio for Taker Order | Daily Prize Pool (USDT) | Daily Rewards of $HTX |
| BTC/USDT | 105% | 102% | 2,000 | Calculated based on the $HTX price at 12:00 (UTC) on Day T |
For example, assume the $HTX token 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 * 102% / 0.000002 = 51,000,000.
“Trade to Earn” serves as an innovative model for cryptocurrency trading and empowerment, provides users with broader opportunities to engage in trading and earn profits. As it evolves and refines, this event, with its distinctive mechanism, will draw more engagement, fostering long-term prosperity and stability within the cryptocurrency market.
