HTX Announces Second Phase of 'Earn with Pending Orders' with Enhanced Rewards

HTX's 'Earn with Pending Orders' event has received significant praise and active participation since its launch on June 26. In response to user feedback, HTX has adjusted the event rules and is now rolling out the second phase of 'Earn with Pending Orders'. Participants can post BTC/USDT in spot trades to share in a prize pool of 32.2 billion $HTX, with rewards distributed continuously.

New Feature: Enjoy Non-Stop Rewards with Minute-by-Minute Snapshots

Building on the success of 'Trade to Earn', HTX introduces 'Earn with Pending Orders', a product designed to enhance users' trading experiences. According to HTX's official announcement, the second phase of the event will run from 10:00 (UTC) on July 10, 2024, to 10:00 (UTC) on July 17, 2024, focusing on BTC/USDT spot trading. During this period, the platform will take random snapshots of pending orders for BTC/USDT spot trades every minute. Rewards will be calculated based on these snapshots for qualifying buy and sell orders and can be accumulated throughout the event.

Pending orders must meet two criteria to be considered valid:

● Minimum order amount: Pending orders must be limit orders with a minimum amount of 100 USDT at the time of the snapshot. This is defined as order price * order quantity ≥ 100 USDT.

● 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.

An example helps illustrate this. If the latest executed price for BTC/USDT is 60,000 USDT, the valid price range for pending orders would be between 59,700 USDT and 60,300 USDT (±0.5% threshold).

Optimized Rules: Now Open to API Users and Offer Upsized Rewards

The second phase introduces two significant upgrades: API users can now participate, and an additional prize pool has been added, increasing total rewards to 32.2 billion $HTX. Specific details include:

● Reward 1: Post BTC Orders and Split 27.2 Billion $HTX

The event features a total prize pool of 27.2 billion $HTX, with a daily prize pool of 3.885 billion $HTX and a per-minute prize pool of 2.698 million $HTX. All valid pending orders are eligible for this reward. Users will share the prize pool proportionally based on their pending order amounts every minute.

For example, if the total amount of valid pending orders in a specific minute is 1,000 USDT and User A has a pending order of 100 USDT, User A would receive 269,841.2 $HTX for that minute.

● Reward 2: Users with Pending Orders Within ±0.1% Threshold Range to Share Extra 5 Billion $HTX

Users with pending orders within the ±0.1% threshold range of the buy and sell prices during each snapshot will share an extra prize pool. This additional prize pool totals 5 billion $HTX, with daily distributions of 714.285 million $HTX and minute-by-minute allocations of 496,032 $HTX.

Participants must register to join the event. The hourly reward cap for each participant is 90,909,090 $HTX. No further rewards will be distributed once this cap or the hourly prize pool limit is reached.

Event Details: https://www.htx.com.cm/en-us/support/54974923246167

HTX, a leading global digital asset exchange, remains committed to its principle of 'Users First', continuously upgrading its offerings to enhance user experiences. The second phase of 'Earn with Pending Orders' exemplifies HTX's dedication to providing secure, diversified, and efficient trading services to users worldwide.