Huobi HTX Launches Order Book Mining: Place Orders with BTC to Share 25.7 Billion $HTX Prize Pool
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Huobi HTX Launches Order Book Mining: Place Orders with BTC to Share 25.7 Billion $HTX Prize Pool
Huobi HTX aims to leverage innovative initiatives like this to allow users to experience the dual excitement of trading and mining, while enjoying secure and efficient trading services.
Navigating Web3 tides with focused insights
On June 26, Huobi HTX launched a major "Liquidity Mining" campaign, offering participants a share of 25.7 billion $HTX tokens with rewards distributed 24/7. This liquidity mining initiative marks another significant step by Huobi HTX to innovate and enhance user experience following its previous transaction mining programs.
Huobi HTX aims to provide users with the dual enjoyment of trading and mining through such innovative campaigns, while delivering secure and efficient trading services.
Liquidity Mining: A New Trading Experience
According to the announcement, liquidity mining involves taking snapshots at regular intervals of users' limit orders in designated trading pairs. The system evaluates whether the order price falls within an effective spread range and calculates corresponding rewards based on the order amount.
● Random Snapshots Every Minute: Transparent and Fair Mechanism
The first phase of the liquidity mining event runs from 18:00 on June 26 to 18:00 on July 3 (UTC+8), supporting the BTC/USDT spot trading pair. The system takes one random snapshot per minute to record users' order status. To qualify, the product of order price and quantity must be ≥100 USDT, and the order price must fall within ±0.5% of the latest traded price (closing price) at the time of the snapshot.
For example: If the current closing price at the time of snapshot is 60,000 USDT/BTC, with a threshold range of ±0.5%, the upper limit would be calculated as 60,000 × (1 + 0.005) = 60,300 USDT/BTC; the lower limit would be 60,000 × (1 - 0.005) = 59,700 USDT/BTC. Valid orders must have a price between 59,700 and 60,300 USDT/BTC at the time of snapshot.
● Generous Rewards: Continuous 7×24 Hour Incentives
The total prize pool for the event is 25,700,000,000 $HTX, with a daily pool of 3,675,569,713 $HTX and a per-minute pool of 2,552,478 $HTX. During the event, all eligible orders each minute will share the prize pool proportionally based on their order value. There is an hourly reward cap of 85,763,293 $HTX per user. Rewards will cease once either the individual or total prize pool cap is reached.
For example: If the total qualifying order volume in a given minute is 1,000 USDT, and User A’s order amounts to 100 USDT, then User A’s reward for that minute would be 2,552,478 $HTX × (100 / 1,000) = 255,247.8 $HTX.
Notably, users must click the [Register Now] button on the announcement page to participate.
Event details: https://www.htx.com.jm/support/zh-cn/detail/74973710050124
User First: Meeting Diverse Needs
Huobi HTX is committed to providing global users with secure, diverse, and efficient digital asset trading services. Since its inception, Huobi HTX has consistently adhered to the principle of "user first," continuously innovating and optimizing user experience to meet diverse user needs. Huobi HTX stated it hopes to grow together with users through innovative initiatives like "liquidity mining," co-creating value and driving the development of the cryptocurrency industry.
About Huobi HTX
Founded in 2013, Huobi HTX has evolved over more than ten years from a digital currency exchange into a comprehensive blockchain business ecosystem, encompassing digital asset trading, financial derivatives, wallets, research, investment, incubation, and other services.
As a leading global Web3.0 gateway, Huobi HTX follows a development strategy centered on global expansion, ecosystem growth, wealth effects, and security compliance, providing cryptocurrency enthusiasts worldwide with comprehensive, secure, and reliable value and services.
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