TechFlow news, according to an official announcement from Huobi HTX, the "Liquidity Mining" campaign will run from 6:00 PM June 26 to 6:00 PM July 3 (UTC+8), offering participants a chance to share 25.7 billion $HTX tokens, with rewards distributed 24/7.
The announcement reveals that the first phase of liquidity mining supports the BTC/USDT spot trading pair. The system takes a random snapshot every minute to record open order status. Limit orders are considered valid if, at the time of the snapshot, the order price multiplied by the order quantity is ≥100 USDT, and the difference between the order price and the latest traded price (closing price) at the time of the snapshot does not exceed 0.5%. All qualifying orders each minute will equally share the prize pool in proportion to their order value. The reward cap per person per hour is 85,763,293 $HTX. Rewards will cease once an individual reaches their personal mining cap or when the total prize pool is exhausted.
According to the announcement, the liquidity mining initiative represents another significant step by Huobi HTX to innovate and enrich user experience following its earlier transaction mining program. Specifically, the system takes periodic snapshots of users' open orders for designated trading pairs, evaluates whether the order prices fall within the valid bid-ask spread range, and calculates corresponding liquidity mining rewards based on the order value. Note that users must click the [Register Now] button on the announcement page to participate.
For full details: https://www.htx.com.jm/support/zh-cn/detail/74973710050124
