HTX Pioneers the Era of Negative Fee Rates for BTC Trading: Daily Rewards of 100,000 USDT
Singapore
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March 22, 2024 02:42 AM Eastern Daylight Time
HTX’s “Trade to Earn” has attracted widespread attention in the market since its launch on March 15, with popularity and influence steadily rising. This innovative model has not only attracted many users to actively participate but also set a new benchmark in the industry.
3 Days Since Launch: Cumulative Trading Volume Exceeds 1 Billion USDT
According to official sources, within three days of its launch, HTX’s “Trade to Earn” has generated a cumulative trading volume exceeding 1 billion USDT, and its trading depth has returned to the Top 3. The trading volume has surged by 179% compared to before the event started. The platform has distributed rewards totaling over 300,000 USDT and bought back and burnt $HTX worth 160,000 USDT.
This performance not only demonstrates the strong appeal of the HTX platform but also reflects that users highly recognize the “Trade to Earn” model. At the same time, this initiative effectively reduces the supply of $HTX, thus enhancing its stability and value.
The Trade to Earn event is a benefit for all trading users at the HTX exchange. After successful registration for this event, participants can earn $HTX as rewards by trading designated cryptocurrencies. Additionally, all daily trading fees generated will be fully utilized for $HTX buybacks to support stable appreciation. 100% of $HTX acquired through buybacks will be entirely burned.
This event enhances the platform's liquidity through reduced trading costs and improved trading efficiency, offering users better trading experience. Meanwhile, the supply of $HTX will be decreased through the event to enhance its stability and value, which will help attract more investors and users to participate in ecosystem development.
Most importantly, this burning method also grants more earning opportunities for HTX DAO users. Through participation in liquidity mining and staking, users can receive more rewards in tokens, thereby achieving wealth appreciation.
Until April 14: Daily Distribution of Rewards Worth 100,000 USDT
According to an official announcement from HTX, the “Trade to Earn” event will continue until 11:59:59 (UTC) on April 14, with daily distributions of $HTX worth 100,000 USDT to provide users with more opportunities for wealth appreciation.
In this round of activity, BTC/USDT is the designated spot trading pair for "Trade to Earn. The Trade to Earn event is on a daily basis. A day is defined from 12:00 (UTC) on Day T to 11:59 (UTC) on Day T+1. Event rewards will be calculated and updated starting on Day T+2 at 04:00 (UTC). Please claim your $HTX in time. In addition, this event is open to all users, including market makers and API traders. Users must have a Rocket count of ≥300 and successfully register on the event page to be eligible for the event.
It is also worth noting that HTX actively listened to the suggestions of the HTX DAO community. After 16:00:00 (UTC) on March 19, 2024, participants in the "Trade to Earn" event will receive a portion of their trading fees as a reward, which will no longer be allocated as commissions to their higher-level partners. Other trading pairs will remain unaffected. This initiative aims to further increase the daily buyback amount of $HTX to support stable $HTX appreciation.
"Trade to Earn" serves as an innovative model for cryptocurrency trading and empowerment, provides users with broader opportunities to engage in trading and earn profits. HTX will continue to improve the “Trade to Earn” model, optimize user experience, and enhance platform value. At the same time, it will actively explore more innovative business models to provide users with more diversified and efficient digital asset trading services.
About HTX
Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3.
Contact Details
Michael Wang
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