Dear HTX Users,
HTX is excited to launch the point redemption feature for Liquid Restaking on May 31, 2024, at 09:00 (UTC), where you can redeem your points earned from the event for corresponding project airdrops. Starting on May 31, r-MERL and r-TRX points are available for redemption; after June 1, you can redeem your r-HTX, r-USDT, r-ETHFI, r-BB points for airdrops. Rewards will be credited to your Spot account upon redemption.
Additionally, points for BounceBit airdrops is superadded in the event, where eligible participants can claim more BB tokens starting on June 4. BounceBit's airdrop may be over, but the chance to get BB tokens on HTX is still here! Join now.
The r-point redemption follows the rules below:
1. Redemption Ratio
- 7.5 r-TRX = 1 TRX
- 3.5089 r-MERL = 1 MERL
- 1 r-HTX = 13,093 HTX
- 145 r-stU = 1 USDT
- 78 r-ETHFI = 1 ETHFI
- 27.12 r-BB = 1 BB
2. Redemption Start Time: Redemption will commence on May 31, 09:00 (UTC) for r-MERL and r-TRX points. Redemption of r-HTX, r-USDT, r-ETHFI and other points will open sequentially after June 1.
3. Eligibility: Users participating in HTX Liquid Restaking after February 29, 2024 and receiving r-points.
Moreover, the event's rewards are boosted! From June 4, an extra 500 BTC quota will be added to the event, with 250,000 r-BB points distributed daily.
About HTX Liquid Restaking:
Users can register for Liquid Restaking with their spot and futures account balances snapshotted to earn rewards, including cryptos and early airdrops of popular projects such as EigenLayer, Merlin Chain, etc. More excitingly, you can choose to join a team to get a boost on your rewards.
Rewards you can expect to receive:
- EigenLayer's initial airdrop (A trending Ethereum restaking project with TVL of over $14.7 billion)
- Puffer's initial airdrop (A trending Ethereum restaking project with TVL of over $1.3 billion)
- Merlin Chain's initial airdrop (A Bitcoin Layer 2 solution with TVL of over $3.2 billion)
- BounceBit's initial airdrop (A Bitcoin staking chain with TVL of over $1 billion)
- Crypto rewards, such as ETH, USDT, HTX, and TRX
*Event rewards will be distributed in various r-points. You can redeem these points for corresponding cryptocurrencies after the designated projects distribute airdrops.
* Risk Reminder: HTX Liquid Restaking is a service introduced by HTX, allowing users to participate in Restaking projects on the blockchain for rewards. Specifically, the platform stakes assets enabled by users in corresponding projects and helps them earn rewards. The platform conducts rigorous screening of Restaking projects across various dimensions, including smart contract security audits, code reviews, team composition, Total Value Locked (TVL), etc. Due to the increasing participating amount, the platform will no longer be liable for losses of assets you've enabled for the event, resulting from abnormal risk events such as smart contract vulnerabilities in on-chain projects, hacker incidents, suspension or termination of services by third-party platforms, or business closures. Assets that you've not enabled or have already exited HTX Liquid Restaking will remain unaffected in the event of on-chain risks.
Terms and Conditions:
1. HTX reserves the right to modify the terms of the feature and rewards. Please stay updated with the official announcements for any changes.
2. HTX is not liable for losses of assets you've enabled for the event, resulting from abnormal risk events such as smart contract vulnerabilities in on-chain projects, hacker incidents, suspension or termination of services by third-party platforms, or business closures. Assets that you've not enabled or have already exited HTX Liquid Restaking will remain unaffected in the event of on-chain risks.
3. Participants who are found to be involved in any fraudulent behaviors, including but not limited to money laundering, manipulation of multiple accounts, and self-trading, will be disqualified. HTX reserves the right to freeze the cheating accounts, confiscate any gains from the fraudulent behaviors, and impose other penalties as necessary.
4. HTX reserves the right for final interpretation of this event and the right to amend, change or cancel this event at any time.
5. Due to local compliance requirements, users from some countries and regions are not eligible to participate in this event. Please refer to HTX User Agreement for details.
6. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on HTX.
HTX Team
May 31, 2024
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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 virtual asset, product, or promotion on HTX. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.
