HTX's "Earn with Pending Orders" #2: Post BTC Orders and Split 32.2B $HTX
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Dear HTX Users,
HTX is excited to unveil the 2nd phase of the "Earn with Pending Orders" event, now open to API users. Enjoy non-stop rewards 24/7, with minute-by-minute snapshots ensuring continuous earnings. Join now to win your share of 32.2 billion $HTX!
Click to join after registration >>
Event Period: 10:00 (UTC) on July 10, 2024 - 10:00 (UTC) on July 17, 2024
Reward 1: Post BTC Orders and Split 27.2 B $HTX
The platform will take random snapshots of pending orders for BTC/USDT spot trades every minute. Based on these snapshots, the platform will calculate rewards separately for qualifying buy and sell orders. These rewards can be accumulated throughout the event.
- Total prize pool: 27,200,000,000 $HTX
- Daily prize pool: 3,885,714,285 $HTX (Calculated as: 27,200,000,000 $HTX / 7 days ≈ 3,885,714,285 $HTX per day).
- Prize pool per minute: 2,698,412 $HTX. (Calculated as: 3,885,714,285 $HTX/1440 Minutes ≈ 2,698,412 $HTX per minute).
- Every minute, users will share the prize pool proportionally based on the order amounts of their pending orders.
- A user's reward per minute for pending orders = Reward pool per minute * (User's pending order amount / Total amount of all valid pending orders).
- Example: Let's assume that, in a specific minute, the total amount of all eligible pending orders is 1000 USDT, and User A has a pending order amounting to 100 USDT. According to the provided reward calculation formula, User A's reward can be calculated as 2,698,412 $HTX * (100/1000). Therefore, User A would receive a reward of 269,841.2 $HTX for that minute.
Reward 2: Users with Pending Orders Falling within the ±0.1% Threshold Range to Share Extra 5 Billion $HTX
Based on the aforementioned reward rules, during each snapshot, users with pending orders within the ±0.1% threshold range of the buy and sell prices will be eligible to share an extra prize pool.
- Total amount of the extra prize pool: 5,000,000,000 $HTX
- Extra prize pool per day: 714,285,714 $HTX (Calculated as: 5,000,000,000 $HTX / 7 days = 714,285,714 $HTX per day).
- Extra prize pool per minute: 496,032 $HTX. (Calculated as: 714,285,714 $HTX/1440 Minutes ≈ 496,032 $HTX per minute).
- The distribution of the prize pool remains consistent with the rules stated earlier. Refer to the above example for further details.
Valid Pending Orders
- Minimum order amount requirement: Pending orders must be limit orders with a minimum amount of 100 USDT at the time of the snapshot, defined as order price * order quantity ≥ 100 USDT.
- Snapshot rules: The platform will snapshot pending orders randomly once per minute to record their status.
- Pending order price: The price of pending orders should not deviate by more than 0.5% from the latest executed price (closing price) at the time of the snapshot.
Here's an example: the latest executed price (closing price) at the time of the snapshot for BTC/USDT is 60,000 USDT; The threshold range: ±0.5%.
The upper limit price: the latest executed price (closing price) at the time of the snapshot for BTC/USDT x (1+0.005) = 60,000 x 1.005 = 60,300 USDT.
The lower limit price: the latest executed price (closing price) at the time of the snapshot for BTC/USDT x (1-0.005) = 60,000 x 0.995 = 59,700 USDT.
Therefore, valid pending orders must have prices at the time of the snapshot between 59,700 USDT and 60,300 USDT (59,700 USDT < Pending order price < 60,300 USDT).
Terms and Conditions
- Users need to click Register Now to participate in the event.
- Hourly reward cap for each participant in this event: 90,909,090 $HTX. A participant will not receive rewards if either the hourly reward cap for the participant or the hourly prize pool limit is reached.
- Users' rewards can be accumulated and will be settled after the event ends.
- Rewards will be credited to winners' HTX accounts within 14 working days after the end of the events. If winners have not received their rewards after the specific period, please contact our 24/7 online Customer Support or email [email protected] for assistance.
- Sub-accounts cannot be used to participate in this event. Data from sub-accounts will be counted towards their main accounts.
- Market makers are not eligible to participate in this event.
- HTX will strictly review and disqualify any participants who show any signs of fraudulent behaviors, such as malicious inflation of trading volume, bulk registration of fake accounts, wash trading, and order matching.
- HTX reserves the right for final interpretation of this event.
Thank you for your support and trust. We eagerly anticipate your participation!
HTX
July 10, 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.
