TechFlow News, January 22 — According to an official announcement, SunWukong (SunX) will host its fourth Transaction Mining event from 20:00 on January 22 to 20:00 on January 29, 2024 (UTC+8). During the event, users trading BTC/USDT and ETH/USDT perpetual contracts will have their trading fees fully reimbursed, plus receive additional $SUN token rewards equivalent to 266,000 USDT. Daily mining activities run from 20:00 (UTC+8) on day T to 20:00 (UTC+8) on day T+1. Rewards are settled hourly, with Maker orders receiving a 110% rebate rate and Taker orders a 107% rebate rate.
In addition, during the event, all fee income generated by registered users will be used for $SUN token buybacks to support the stable growth of the $SUN token value. The $SUN token buybacks will take place on Huobi HTX; all repurchased $SUN tokens will be fully burned at the end of each quarter.
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