Huobi HTX Doubles Liquidity Restaking Incentives to $100 Million, Unveils New Reward Mechanisms and Innovative Features
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Huobi HTX Doubles Liquidity Restaking Incentives to $100 Million, Unveils New Reward Mechanisms and Innovative Features
The acceleration value obtained by participating users will apply to all cryptocurrencies that have enabled Liquid Restaking, increasing their share weight and earning more rewards.
Navigating Web3 tides with focused insightsWith the launch of Huobi HTX's Liquid Restaking campaign, user enthusiasm for participating in Restaking has surged. Starting March 25, 2024, at 17:00 (UTC+8), Huobi HTX added an additional $50 million in staking rewards and introduced a new Acceleration Value mechanism, allowing users to increase their rewards by up to 150%.
According to Huobi HTX’s announcement, after this reward increase, the total prize pool for the Liquid Restaking event will rise from $50 million to over $100 million, including 500 BTC, 5,000 ETH, 50,000,000 USDT, 50,000,000 TRX, and 3,000,000,000,000 HTX. Users can participate via snapshots of their spot and futures accounts and receive daily early-stage airdrops from top-tier projects.
Key updates of this campaign:
● Support for futures accounts: Both spot and futures accounts (net equity) are now eligible to participate, enabling one-click distribution of corresponding token rewards;
● New Acceleration Value mechanism: Participants can boost their rewards by up to 150% through the following methods:
1) Join or create a team to earn Acceleration Value;
2) Higher daily trading fees (including net fees from spot, margin, and futures trading pairs) result in higher Acceleration Value;
3) Hold $HTX tokens (in spot and Earn accounts) to earn Acceleration Value.
The Acceleration Value earned by participants applies across all tokens enabled for Liquid Restaking, increasing their share weight and overall rewards. These three actions each provide different levels of Acceleration Value, with particular attention drawn to the team-based gameplay.
Users may choose to join a team or form their own and invite friends. All team members will receive Acceleration Value based on the team’s level. The larger the team size (sum of all members’ participation amounts), the higher the team level and Acceleration Value. Each team can have up to 2,000 members, and team leaders receive an extra 20% Acceleration bonus on top of the team's base rate.
To create a team: go to the campaign page → click "Boost Rewards" → "Create Team" → set team details → share the invitation poster or link. To join a team: scan the QR code on the poster or click the invitation link → go to the campaign page → confirm or enter the team invitation code → join the team. It's time to build your own team and claim your share of on-chain wealth.
As the first exchange within the industry to enable barrier-free participation in on-chain Restaking for its users, Huobi HTX will continue to offer new opportunities for engaging with the on-chain ecosystem. Committed to becoming “the people’s exchange,” Huobi HTX aims to provide global users with secure and convenient trading services, driving innovation and advancement in the cryptocurrency industry.
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