Huobi HTX Launches Second Phase of Order Book Mining: Upgraded Rewards – List BTC Spot Orders to Share 32.2 Billion $HTX
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Huobi HTX Launches Second Phase of Order Book Mining: Upgraded Rewards – List BTC Spot Orders to Share 32.2 Billion $HTX
As a globally leading cryptocurrency exchange, HTX has always adhered to the principle of "users first," committed to providing global users with secure, diverse, and efficient digital asset trading services.
Navigating Web3 tides with focused insights
Huobi HTX launched a new campaign called "Order Book Mining" on June 26, which has received widespread acclaim and active participation since its debut. Based on user feedback, Huobi HTX has further optimized the event rules and is now proudly launching Phase 2 of Order Book Mining. Users placing limit orders for BTC spot trades can share in 32.2 billion $HTX, with rewards distributed 24/7!
Innovative Mechanism: Snapshots Every Minute, Earnings Every Minute
Order Book Mining is another innovative product introduced by Huobi HTX following Transaction Mining, aiming to provide users with a richer trading experience. According to the official announcement, Phase 2 of the Order Book Mining event will run from July 10, 18:00 to July 17, 18:00 (UTC+8), supporting the BTC/USDT spot trading pair. During the event, Huobi HTX will take random snapshots of the BTC/USDT spot order book every minute. Eligible buy and sell limit orders will be calculated and accumulated for rewards based on each snapshot result. An order is considered valid if it meets two conditions:
● Amount: Limit orders where the order price × order quantity ≥ 100 USDT at the time of snapshot
● Price: The order price must not deviate more than 0.5% from the latest traded price (closing price) at the time of snapshot
For example: If the latest traded price (closing price) at the time of snapshot is 60,000 USDT/BTC, the threshold range is ±0.5%. The upper price limit would be: latest traded price × (1 + 0.005) = 60,000 × 1.005 = 60,300 USDT/BTC; the lower price limit would be: latest traded price × (1 - 0.005) = 60,000 × 0.995 = 59,700 USDT/BTC. Valid orders must have a price between 59,700 USDT and 60,300 USDT.
Enhanced Rules: API User Participation Enabled, More Generous Rewards
Compared to the first phase of Order Book Mining, Phase 2 features two major rule upgrades: First, API users are now eligible to participate; Second, an additional prize pool has been added, bringing the total reward—base plus bonus—to as high as 32.2 billion $HTX. The specific reward structure is as follows:
● Reward One: Place BTC Spot Orders to Share 27.2 Billion $HTX
This reward targets all valid limit orders, with a total prize pool of 27,200,000,000 $HTX. The daily prize pool is 3,885,714,285 $HTX, and the per-minute prize pool is 2,698,412 $HTX. All qualifying orders each minute will share the prize pool proportionally based on their order amount.
Per-minute order reward = per-minute prize pool × (individual order amount / total amount of all qualifying orders). For example: If the total amount of all qualifying orders within one minute is 1,000 USDT, and User A’s order amount is 100 USDT, then User A's reward for that minute is 2,698,412 $HTX × (100 / 1,000) = 269,841.2 $HTX.
● Reward Two: Additional 5 Billion $HTX for Top 0.1% Order Book Participants
On top of the above reward mechanism, users whose limit orders fall within the top 0.1% of the bid and ask sides during each snapshot will receive additional rewards. The total bonus pool is 5,000,000,000 $HTX, with a daily bonus pool of 714,285,714 $HTX and a per-minute bonus pool of 496,032 $HTX. The distribution method is identical to Reward One.
Please note that participation in this event is limited to registered users only. Users can click 【Register Now】 on the announcement page to join. There is a cap of 90,909,090 $HTX per user per hour for Order Book Mining rewards. Once an individual or the total prize pool reaches its cap, no further rewards will be accrued.
Event details: https://www.htx.com.cm/zh-cn/support/54974923246167
As a globally leading cryptocurrency exchange, Huobi HTX consistently upholds the principle of "user-first," committed to providing global users with secure, diverse, and efficient digital asset trading services. Going forward, Huobi HTX will continue upgrading innovative initiatives like Order Book Mining, constantly enhancing user experience to meet diverse user needs.
About Huobi HTX
Founded in 2013, Huobi HTX has evolved over more than a decade 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 global leader in Web3.0, Huobi HTX adheres to a development strategy focused on global expansion, ecosystem growth, wealth creation, security, and compliance, delivering comprehensive, secure, and reliable value and services to cryptocurrency enthusiasts worldwide.
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