HTX Launches 'Earn with Pending Orders' Event with 25.7 Billion $HTX Prize Pool
TL;DR
Participate in the 'Earn with Pending Orders' event to share a prize pool of 25.7 billion $HTX, aiming for non-stop rewards 24/7.
HTX evaluates the order book status to calculate rewards based on pending order amount for the designated trading pair, ensuring transparency and fairness.
HTX seeks to offer users the combined enjoyment of trading and mining, enhancing user experiences and fostering value creation in the cryptocurrency industry.
HTX's 'Earn with Pending Orders' event offers a new trading experience with non-stop rewards, aiming to drive the development of the cryptocurrency industry.
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On June 26 (UTC), HTX introduced the 'Earn with Pending Orders' event, a new initiative offering users non-stop rewards over 24/7 hours, with a prize pool totaling 25.7 billion $HTX. This event follows HTX's previous 'Trade to Earn' event and aims to innovate and enhance the user experience by combining the enjoyment of trading and mining.
HTX's 'Earn with Pending Orders' event evaluates the order book status within the platform's trading market. Snapshots of pending orders for the designated trading pair will be taken at regular intervals to determine whether the order prices fall within a valid range around the current market bid and ask prices. Rewards are then calculated based on the order amount each user has placed.
The first phase of the 'Earn with Pending Orders' event will run from 10:00 (UTC) on June 26, 2024, to 10:00 (UTC) on July 3, 2024, featuring BTC/USDT as the designated spot trading pair. The platform will take random snapshots of pending orders once per minute to record their status. To qualify, pending orders must be limit orders with a minimum amount of 100 USDT and should not deviate by more than 0.5% from the latest executed price at the time of the snapshot.
The event boasts a total prize pool of 25,700,000,000 $HTX, with a daily prize pool of 3,675,569,713 $HTX, and a per-minute prize pool of 2,552,478 $HTX. During the event, users will share the per-minute prize pool proportionally based on the amounts of their valid pending orders. However, the hourly reward cap for each user in this event is 85,763,293 $HTX, and users will not receive rewards if either the reward limit for the participant or the prize pool limit is reached.
Founded in 2013, HTX has evolved from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion includes services such as digital asset trading, financial derivatives, wallets, research, investments, and incubation. As a global gateway to Web3, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance, offering comprehensive services to virtual currency enthusiasts worldwide.
Curated from News Direct
