Fire will launch new coin mining on January 18, staking HT to share over a million KRRX
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Fire will launch new coin mining on January 18, staking HT to share over a million KRRX
Fire will launch a new coin mining (Prime Pool) HT staking mining rewards event on January 18, from 20:00 on January 18, 2023 to 20:00 on January 25, 2023.
Navigating Web3 tides with focused insightsAccording to an announcement on the Huobi official website, Huobi will launch a new coin mining (Prime Pool) HT staking rewards event on January 18. The specific activity period is from 20:00 on January 18, 2023, to 20:00 on January 25, 2023. As stated in the announcement, users who stake HT will share a prize pool of up to 1,208,898 KRRX (Kyrrex) tokens. Huobi will take hourly snapshots of each user's effective staking amount and the total staking volume across all participants to determine that hour’s mining rewards, which will be directly distributed to users’ accounts.
Huobi stated that this campaign aims to collaborate with high-quality projects and tokens to jointly promote ecosystem development for both parties, with the continuous empowerment of HT as its core goal. By leveraging mutual resources and traffic advantages, Huobi seeks to differentiate the construction of its new coin mining (Prime Pool) section, further expand HT's application scenarios, and enable HT holders to benefit from the dual growth of project and platform tokens. While achieving a win-win-win outcome among exchanges, projects, and users, it also aims to grow the HT user base through compound effects.
It is understood that the Kyrrex ecosystem is a global investment, payment, and financial ecosystem offering comprehensive products and services designed to bridge the gap between traditional banking and cryptocurrency. Targeting a global audience, Kyrrex provides advanced solutions covering banking, trading, and financial products, supporting over 177 currencies, enabling both retail and enterprise users to easily perform bidirectional transactions, payments, and triple-party exchanges between fiat and cryptocurrencies. KRRX is the native utility token connecting services and functionalities within the Kyrrex network, and its holders enjoy benefits such as reduced fees and staking rewards.
Previously, on January 16, Huobi announced the launch of the third round of its voting-based listing (PrimeVote) campaign, calling globally for high-potential projects. This initiative reflects Huobi's core philosophy of “returning platform governance to the community and giving HT holders the power to decide which tokens get listed,” leveraging community strength to identify promising projects. From voting-based listings to new coin mining, Huobi consistently centers its strategy around “empowering HT.” This demonstrates Huobi’s determination to revitalize HT—echoing the words of Justin Sun, member of Huobi Global Advisory Board: “Revitalizing Huobi hinges on empowering HT; only when HT thrives can Huobi thrive.”
Moreover, as a key instrument in building a global operational strategy and ecosystem, HT has been integrated into strategic partnerships with governments and industry leaders to create diverse real-world use cases and deliver greater value to HT holders. Notably, Huobi partnered with TRON and DMC Labs to launch the national digital currency of Dominica (DMC, Dominica Coin), designating HT as the sole asset eligible for subscription. Later, through a collaboration with Visa, Huobi launched the Huobi Visa debit card, granting additional privileges specifically to HT holders.
From major strategic collaborations to voting-based listings and new coin mining, Huobi has implemented “HT empowerment” across multiple dimensions. With the ongoing globalization of the HT ecosystem, HT holders will gain access to increasingly diversified rights and enjoy expanded ecosystem benefits!
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