HTX has announced the launch of the second phase of its 'Earn with Pending Orders' event, featuring a significantly upsized prize pool of 32.2 billion $HTX. This initiative follows the widespread praise and active participation garnered during its debut phase which began on June 26. The second phase highlights HTX's commitment to responding to user feedback and aims to further enhance the trading experience on its platform.
The event, set to run from 10:00 (UTC) on July 10, 2024, to 10:00 (UTC) on July 17, 2024, focuses on BTC/USDT spot trades. One of the standout features of this phase is the implementation of minute-by-minute snapshots of pending orders, allowing for non-stop reward distribution. Rewards will be calculated separately for qualifying buy and sell orders based on these snapshots, providing users with a continuous incentive to participate.
For a pending order to be considered valid, it must meet two specific requirements. First, the order must be a limit order with a minimum amount of 100 USDT, calculated as order price multiplied by order quantity equalling at least 100 USDT. Second, the order price should not deviate by more than 0.5% from the latest executed price at the time of the snapshot. For example, if the latest executed price for BTC/USDT is 60,000 USDT, valid pending order prices must range between 59,700 USDT and 60,300 USDT.
Compared to the initial phase, the second phase introduces two significant rule upgrades. API users are now eligible to participate, and an extra prize pool has been added, boosting total rewards to 32.2 billion $HTX. The event offers two main types of rewards. The first reward involves a total prize pool of 27.2 billion $HTX, with daily and per-minute allocations. All valid pending orders during the event are eligible for this reward, which is distributed proportionally based on the order amounts.
The second reward targets users with pending orders falling within a tighter ±0.1% threshold range of the buy and sell prices at the time of the snapshot. These users will share an extra prize pool of 5 billion $HTX, also distributed daily and minute-by-minute. This additional incentive aims to encourage more precise trading strategies and active participation.
Participants must register to be eligible for rewards, and the event imposes an hourly reward cap of 90,909,090 $HTX per participant. HTX's dedication to user-centric innovation and its diversified range of trading services underscores its position as a leading global digital asset exchange. The 'Earn with Pending Orders' event exemplifies HTX's ongoing efforts to enhance user experiences and meet the evolving demands of the trading community.
