Huobi HTX Trading Mining Guide: Trade BTC to Get High $HTX Rewards for Free
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Huobi HTX Trading Mining Guide: Trade BTC to Get High $HTX Rewards for Free
Huobi HTX will launch the official event as soon as possible after the public beta test ends, featuring a more generous daily prize pool.
Navigating Web3 tides with focused insightsOn March 11, Huobi HTX launched a new trading mining public beta event open to all users. Actively incorporating feedback from the HTX DAO community, this initiative aims to deliver an enhanced trading experience along with generous $HTX rewards.
Notably, HTX plans to roll out the official program shortly after the beta phase concludes, featuring an even larger daily reward pool. Additionally, all fees collected from the BTC/USDT trading pair each day will be fully allocated to $HTX buybacks and 100% destruction, supporting steady appreciation in the token’s price.
What Is Trading Mining?
Trading mining is an exclusive benefit offered by Huobi HTX. By trading designated cryptocurrencies, users can share in corresponding reward pools. Meanwhile, all transaction fees generated will be fully used for $HTX buybacks and completely destroyed, promoting stable growth in $HTX's value.
This activity helps enhance platform liquidity, improves trading experience, reduces trading costs, and increases efficiency. It also effectively reduces the circulating supply of $HTX, enhancing its stability and value, thereby attracting more investors and users to participate in ecosystem development.
Most importantly, this burn mechanism creates additional earning opportunities for HTX DAO users. By participating in liquidity mining and staking rewards, users can earn more token incentives and achieve wealth growth.
How to Participate
1. Eligibility
● The event is open to all platform users, including market makers and API order users.
● Users must successfully register on the event page and have a Rocket Value ≥ 6,000.
2. Event Schedule
● Beta Period: March 11, 2024, 20:00:00 – March 14, 2024, 19:59:59 (UTC+8).
● Daily mining cycles run from 20:00 (UTC+8) on Day T to 19:59 (UTC+8) on Day T+1.
● Mining rewards will be calculated and updated by 12:00 (UTC+8) on Day T+2. Users may claim their $HTX rewards at any time, with no vesting or lock-up requirements.
3. Rules
● Designated Spot Trading Pair: BTC/USDT
● Reward Calculation: $HTX Reward = (Transaction Fees in USDT × Order Reward Ratio) / $HTX Price at 20:00 (UTC+8) on Day T.
● Each user has a daily reward cap. Once the individual or total pool cap is reached, no further rewards will be granted for that day.
Reward Estimation
● The daily reward pool consists of a fixed USDT amount. During the beta phase, the daily pool is 2,000 USDT. The number of $HTX tokens in the pool is determined based on the $HTX price at the start of each mining cycle. For example, if the $HTX price is 0.000002 USDT at 20:00 on Day T and the daily pool is 2,000 USDT, the total $HTX reward for that day would be 1,000,000,000.
● Individual $HTX rewards are calculated based on actual fees incurred, order type, and applicable reward ratio.
Example: If the $HTX price is 0.000002 USDT at the start of the mining cycle on Day T, and a user generates 100 USDT in fees from BTC/USDT trades between 20:00 on Day T and 19:59 on Day T+1—all as Taker orders—and the pool still has available rewards while the user hasn’t hit their personal cap, then the user’s $HTX reward would be: 100 × 102% / 0.000002 = 51,000,000.
As an innovative model for token trading and empowerment, trading mining offers users broader opportunities to engage in trading and earn rewards. As Huobi HTX continues to refine and expand its trading mining program, its unique mechanism will attract greater participation and make a positive contribution to the long-term growth and stability of the crypto market.
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