Huobi HTX launches order mining: place orders for BTC to share 25.7 billion $HTX prize pool
On June 26, Huobi HTX launched a major order mining activity. Participants can share 25.7 billion $HTX and enjoy continuous rewards 24/7. This order mining activity is another major move by Huobi HTX to innovate and enrich user experience after transaction mining.
Huobi HTX hopes to use this kind of innovative activities to let users experience the dual fun of trading and mining.Safety, efficient transaction services.
Order Mining: New Trading Experience
It is reported that order mining refers to taking a snapshot of the order status of a specified trading pair at regular intervals, evaluating whether the user's order price is within the valid market range, and calculating the corresponding order mining reward based on the order amount.
● Random snapshots every minute: transparent and fair mechanism
The announcement shows that the first phase of order mining will be from 18:00 on June 26 to 18:00 on July 3 (UTC+8), supporting BTC/USDT spot trading pairs. The system randomly takes a snapshot every minute to record the order status. The order price*order quantity at the time of the snapshot is ≥100 USDT, and the limit order with a difference of no more than 0.5% between the order price and the latest transaction price (closing price) at the time of the snapshot is a valid order.
For example, assuming that the latest transaction price (closing price) at the time of the current snapshot is 60,000 USDT/BTC, and the threshold range is plus or minus five thousandths (0.5%), then the upper limit price is: the latest transaction price (closing price) at the time of the snapshot (1+0.005)=60,0001.005=60,300 USDT/BTC; the lower limit price is: the latest transaction price (closing price) at the time of the snapshot (1-0.005)=60,0000.995=59,700 USDT/BTC. Eligible orders: 59,700 USDT＜user order price at the time of the snapshot＜60,300 USDT.
● Generous rewards: 7*24H continuous rewards
The total prize pool of the event is 25,700,000,000$HTX, the daily prize pool is 3,675,569,713 $HTX, and the minute prize pool is 2,552,478 $HTX. During the event, all eligible orders placed every minute will share the prize pool in proportion to the order amount. The upper limit of the reward per person per hour is 85,763,293 $HTX. The reward will no longer increase after reaching the personal mining reward limit or the prize pool limit.
For example, if the total amount of all eligible orders in a certain minute is 1000 USDT, and the amount of user A's order is 100 USDT, then user A's reward for that minute is 2,552,478 $HTX (100/1000) = 255,247.8 $HTX.
It is worth noting that users must click [Register Now] on the announcement page to participate in the event.
Event Details:https://www.htx.com.jm/support/zh-cn/detail/74973710050124
User first: meeting diverse needs
Huobi HTX is committed to providing global usersSafety, diversified and efficient digital asset trading services. Since its establishment, Huobi HTX has always adhered to the concept of "user first", constantly innovating and optimizing user experience to meet the diverse needs of users. Huobi HTX said that it hopes to share the same goal with users through innovative activities and products such as "order mining".Xiaobai NavigationGrow together, create value together, promotecryptocurrencyThe development of the industry.
About Huobi HTX
Huobi HTX was founded in 2013. After more than 10 years of development, it has grown from a digital currencyexchangeBecome a comprehensiveBlockchainBusiness ecosystem, covering digital asset trading, financial derivatives,wallet, research, investment, incubation and other businesses.
火币HTX作为全球领先的Web3.0门户，秉承全球扩张、生态繁荣、财富效应、安全合规的发展战略，为世界虚拟货币爱好者提供全面、安全、可靠的价值与服务。
The article comes from the Internet:Huobi HTX launches order mining: place orders for BTC to share 25.7 billion $HTX prize pool
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