Dear Valued Users,
To reward outstanding market makers, HTX has launched a series of Pioneer Market Maker campaigns for our Pioneer Zone. Participate to enjoy more preferential rates, and share a prize pool of up to 580,000 USDT after qualifying for the fourth round! (Each campaign round lasts for 7 days). Previous announcement>>
Become a Pioneer Market Maker to Enjoy Up to 580K USDT! (Round Ⅳ)
Campaign Period for Round Ⅳ: 16:00 (UTC) on Dec 28, 2021-15:59 (UTC) on Jan 4, 2022
Prize Pool: 580,000 USDT (The remaining prizes from the previous round will be transferred to this prize pool)
Eligible Market Makers (Both requirements below must be met):
1) Market Makers whose actual cumulative maker trading volumes of all pairs in the Pioneer Zone in the current round rank in the Top 15;
2) Market Makers whose average daily maker trading volumes of all pairs in the Pioneer Zone in the current round reach 3 million USDT.
Terms & Conditions:
1. From 16:00 (UTC) on Dec 28, 2021, the system will calculate the actual cumulative maker trading volume every 24 hours to generate a daily ranking. That is to say, the first daily ranking will be announced after 15:59:59 (UTC) on Dec 29. The calculation of ranking for the current week will end at 15:59:59 (UTC) the following Tuesday, and the final ranking list will be announced the following Wednesday based on their weekly actual cumulative maker trading volume.
For daily/final ranking details, please contact your Key Account manager or e-mail vip@global-hgroup.com.
2. Market makers in the final ranking list can win the prize pool based on the proportion of their actual cumulative weekly maker trading volume among all market makers.
3. To prevent malpractice, each actual controller shall not receive more than 50,000 USDT for each round, and the excess will be waived and added to the prize pool for the next round. If there are fewer than 15 eligible market makers for the current week, the system will virtually add some users to increase the number of market makers to 15, and trading volumes will be virtually added to total maker trading volumes, according to per capita trading volumes. The prize pool will be distributed according to the proportions of market makers’ trading volume, and the balance will be added to the prize pool for the next round. Additionally, each round's prize pool shall not exceed 600,000 USDT.
For example, if there are only 12 market makers entering the list this round with per capita maker trading volumes of 10 million USDT, the system will add 3 people virtually with a total virtual trading volume of 30 million USDT (3 * 10 million USDT). The total maker trading volume will be 150 million (12*10 million USDT+3*10 million USDT).
Reward amount to be shared = Proportion of the 12 market makers’ total maker trading volume * Total prize pool of this round, that is, 120 million /150 million * 580,000 = 464,000 USDT.
4. The winner list of eligible pioneer market makers in this event and its announcement will be published on the Wednesday of the following week. The rewards will be distributed in USDT.
5. Assuming there are two or more users with the same cumulative trading volume, they will be ranked by the trading volume of the day. All the users with the same cumulative trading volumes of this round will be as the last qualified market makers, and they will be eligible to grab the prize pool.
Please Note:
1. The prize pool event is tentatively scheduled to last four rounds and each round's prize pool shall not exceed 600,000 USDT. The number of eligible market makers in each round may change. Please pay attention to the latest promotion announcements.
2. Any trading volume resulting from self-trades will not be eligible.
3. HTX reserves the right in its sole discretion to amend or change or cancel this announcement and the terms and conditions within at any time and for any reasons without prior notice.
Risk Reminder: Trading digital assets and digital asset derivatives comes with high risks due to significant price volatility. Please fully understand all the risks and make prudent decisions before trading. Please read our detailed risk reminder.
HTX Global
December 29, 2021
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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 is risky. Please read our Risk Reminder text here.
