TechFlow news, according to an official announcement from Huobi HTX, the platform will launch its second phase of order book mining from 18:00 on July 10 to 18:00 on July 17 (UTC+8), supporting the BTC/USDT spot trading pair. This event is open to API users and features a new additional prize pool, with total rewards reaching up to 32.2 billion $HTX.
During the event, Huobi HTX will take random snapshots of the BTC/USDT spot trading pair every minute. Based on these snapshots, eligible buy and sell limit orders will be calculated and rewarded cumulatively. Limit orders are considered valid if the order price multiplied by the order quantity is ≥100 USDT, and the order price deviates no more than 0.5% from the latest transaction price (closing price) at the time of the snapshot. Valid orders will share in the 27.2 billion $HTX reward pool.
In addition, Huobi HTX has allocated an extra 5 billion $HTX prize pool for users placing orders within 0.1% of the best bid and ask prices. The maximum reward per user per hour is capped at 90,909,090 $HTX. Rewards will cease to accumulate once either the individual or the overall prize pool cap is reached. Please note that participation in this event is limited to registered users; interested users may click “Register Now” on the announcement page to join.
Event details: https://www.htx.com.cm/zh-cn/support/54974923246167
