HTX Launches Second Phase of 'Earn with Pending Orders' Event with Enhanced Rewards

HTX’s 'Earn with Pending Orders' event continues to gain traction and acclaim, following its initial launch on June 26. In response to user feedback, HTX has refined the event rules and is now initiating the second phase of 'Earn with Pending Orders.' Participants can engage by posting BTC/USDT in spot trades to vie for a share in a substantial prize pool of 32.2 billion $HTX, with rewards distributed continuously.

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

Expanding on the 'Trade to Earn' initiative, HTX introduces 'Earn with Pending Orders,' an innovative product designed to enhance users' trading experiences. According to HTX's official announcement, the second phase of the 'Earn with Pending Orders' event will run from 10:00 (UTC) on July 10, 2024, to 10:00 (UTC) on July 17, 2024, focusing on the BTC/USDT spot trading pair. During this period, the platform will take random snapshots of pending orders for BTC/USDT spot trades every minute. Rewards will be calculated separately for qualifying buy and sell orders based on these snapshots. To qualify, pending orders must meet two criteria:

● Minimum order amount: Limit orders must have a minimum value of 100 USDT at the time of the snapshot, calculated 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.

For example, if the latest executed price for BTC/USDT is 60,000 USDT, valid pending orders must fall between 59,700 USDT and 60,300 USDT (±0.5%).

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

The second phase of 'Earn with Pending Orders' introduces two significant upgrades: API users can now participate, and an additional prize pool has been added, increasing the total rewards to 32.2 billion $HTX. Key details include:

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

The event features a prize pool of 27.2 billion $HTX, with a daily distribution of 3,885,714,285 $HTX, and a per-minute prize pool of 2,698,412 $HTX. Valid pending orders are eligible for this reward, which will be shared proportionally based on the order amounts.

A user’s reward per minute for pending orders = Reward pool per minute * (User’s pending order amount / Total amount of all valid pending orders). For instance, if the total amount of eligible pending orders is 1,000 USDT in a particular minute, 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 Falling within the ±0.1% Threshold Range to Share Extra 5 Billion $HTX

In addition to the primary rewards, 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 of 5 billion $HTX, with daily distributions of 714,285,714 $HTX and minute-by-minute allocations of 496,032 $HTX. The reward distribution follows the same proportional rules as the primary rewards.

The event requires users to register to participate. The hourly reward cap per participant is set at 90,909,090 $HTX, ensuring a fair distribution of rewards among all participants.

HTX, a leading global digital asset exchange, remains committed to its 'Users First' principle, continually enhancing its trading services. The platform aims to keep innovating with events like 'Earn with Pending Orders' to meet the evolving needs of its diverse user base.

For more details, visit HTX's official announcement.