Dear Valued Users,
To reward users' overwhelmingly positive response to our first round of the "Up to 100% Taker Fee Rebates for Market Makers" Campaign, and to improve the trading experience, HTX has decided to extend the campaign for another month. All eligible market makers whose Taker trading volume of the month shows a positive increase compared to the previous month can receive up to 100% rebate against the net transaction fees for the Taker’s absolute incremental volume! The rules are as follows:
Campaign Period:
16:00 (UTC) on Mar 31, 2022 – 16:00 (UTC) on Apr 30, 2022
Eligibility:
Spots & USDT-M Swaps Market Makers whose Taker level shall be no less than Pro 1.
Rules:
During the campaign in April, HTX will separately calculate and rebate the net transaction fees of the Taker’s incremental volume, based on the month-on-month growth rate (up to 100%) in market makers' Taker trading volume of spots and USDT-M Swaps. If the month-on-month growth rate is negative, no rebates will be given.
The net transaction fees are calculated by multiplying the Taker’s incremental volume by your business line Taker fee rate, minus the absolute value of the maker’s fee rate of Tier-S market maker level of the same business line.
How to Calculate Taker Fee Rebates?
Formula: Taker Fee Rebates = (Your Taker Volume of the Corresponding Business Line in April – Your Taker Volume of the Corresponding Business Line in March) / Your Taker Volume of the Corresponding Business Line in March * Your Valid Taker Incremental Volume * (Taker Fee Rate of Your Level in the Corresponding Business Line – |Maker Fee Rate of Tier-S market makers in the Corresponding Business Line|)
Please note the volume of self-trades will be excluded and “| |” refers to the absolute value.
For example,
Market maker Sam traded 100 million USDT and 122 million USDT of spots as a Taker in March and April, respectively. After excluding the self-trading volume of 2 million USDT from Taker orders, his net Taker trading volume shall be 120 million USDT for April, which is an increment of 20 percent month-over-month growth when compared with March. It is equivalent to 20 million USDT. Hence, he can receive a rebate as much as:
20% * 20 million USDT * (Taker fee rate of his spot level – |Maker fee rate of Tier-S spot market makers|)
Terms & Conditions:
● Only the volume during the campaign period counts towards the Taker fee rate level evaluation.
● Self-trades will be excluded from the Taker trading volume.
● Market makers enrolled this month or last month cannot participate in this campaign.
● Users who have no Taker volume last month, will not receive any rebate.
● Rewards will be distributed to users’ exchange account and USDT-margined swaps account within 7 business days after the end of the campaign.
● HTX will disqualify participants and their rewards if any malicious behavior, such as maliciously brushing amount, registering batches of sub-accounts, self-trading, matched orders, etc., is detected.
● HTX reserves the right to the final interpretation of the campaign.
“Earn Trading Rebates on USDT-M Futures!” campaign is on fire, please click HEREfor details.
Thank you for your support!
HTX Global
Mar 31, 2022
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HTX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any digital asset, product, or promotion on HTX. Prices of digital assets are highly volatile and trading digital assets involves risk. Please read our Risk Reminder text here.
