BTC Reclaims $70,000: Huobi HTX Offers Negative BTC Trading Fees, Plus Up to 200,000 USDT in Daily Rewards
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BTC Reclaims $70,000: Huobi HTX Offers Negative BTC Trading Fees, Plus Up to 200,000 USDT in Daily Rewards
Huobi HTX has specially launched a trading mining event, enriching the trading experience while providing users with wealth growth opportunities.
Navigating Web3 tides with focused insightsAfter recording its largest weekly decline in nearly six months, Bitcoin rebounded on March 25, briefly rising to $71,000. At the time of writing, BTC is trading at 70,590 USDT on Huobi HTX.
Analysis firm 10x Research released a report stating that after breaking out of its consolidation phase, Bitcoin could reach a new all-time high of $83,000. Ki Young Ju, founder and CEO of CryptoQuant, previously noted that net inflows into spot Bitcoin ETFs exceeded 30,000 BTC earlier in March. At this pace, a seller liquidity crisis may emerge within the next six months. Should such a crisis occur, due to limited selling liquidity and thin order books, Bitcoin’s next cycle peak could exceed expectations.
Given Bitcoin's high anticipated returns and scarcity, investors are increasingly considering how best to participate in market volatility and maximize excess gains. In response, Huobi HTX has launched a trading mining campaign that not only enhances the trading experience but also offers users opportunities for wealth appreciation.
Trading Mining: Huobi HTX Ushers in the Era of Negative Fees for BTC
Trading mining is an exclusive benefit offered by Huobi HTX. By trading designated cryptocurrencies, users can share in corresponding reward pools. Meanwhile, the net transaction fees generated from these trading pairs will be fully used for $HTX buybacks and 100% burned, supporting the stable growth of $HTX value.
Currently, Huobi HTX has initiated trading mining activities for both BTC/USDT spot and futures markets. Participating in either activity allows users to enjoy negative-fee trading while having the chance to share in daily rewards totaling 200,000 USDT.
The initiative is designed to enhance platform trading liquidity, improve user experience, reduce trading costs, and increase 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 burning mechanism provides additional earning opportunities for HTX DAO users. Through participation in liquidity mining, staking rewards, and similar programs, users can earn more token incentives and achieve wealth growth.
Trading Mining Guide: How to Claim Your Share of the Daily 200,000 USDT Rewards
According to an official announcement from Huobi HTX, the BTC/USDT spot trading mining event runs until April 14, 19:59:59 (UTC+8), while the futures trading mining event ends on March 27, 19:59:59 (UTC+8). Both events offer independent daily rewards worth 100,000 USDT each in $HTX.
Each round of trading mining begins at 20:00 on day T (UTC+8) and concludes at 19:59 on day T+1 (UTC+8). Spot trading mining rewards are calculated and updated at 12:00 on day T+2, after which users can claim their $HTX rewards at any time. Futures trading mining rewards are distributed to users’ individual Huobi spot accounts within three business days after each round ends.
Huobi HTX’s trading mining program is open to all users, including market makers and API traders. To participate in spot trading mining, a user's Rocket Value must exceed 300, and they must successfully register on the event page. For futures trading mining, users must have at least 10 USDT in their futures account (excluding trial funds) and click the “Register Now” button.
Additionally, it should be noted that for users participating in trading mining activities after 00:00:00 on March 20, 2024 (UTC+8), transaction fees related to mining rewards will no longer be eligible for commission rebates or cashback; other fee rebates and cashback remain unaffected. This measure aims to further increase the daily amount of $HTX repurchased, supporting the stable appreciation of $HTX value.
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