Bitcoin's fourth halving event is set to significantly impact the cryptocurrency market by reducing mining rewards from 6.25 BTC to 3.125 BTC per block. This event, combined with the introduction of Spot Bitcoin ETFs and the volatile international political and economic situation, is expected to intensify market fluctuations. In response, HTX has introduced a Bitcoin Halving Special Edition for Futures 'Trade to Earn' event, designed to empower investors during this pivotal time.
The event, running from April 19 to April 24, 2024, allows participants to trade BTC futures at zero cost while competing for a daily prize pool of 100,000 USDT. Participants can earn rewards in $HTX by trading BTCUSDT Perpetual, including copy trading, with rewards increasing with the volume of trades. The event features a unique reward structure, with Maker orders receiving a 110% reward ratio and Taker orders a 105% ratio.
To participate, users must have a Rocket count of ≥ 300 and register on the event page, where they will also receive a random airdrop reward ranging from 1 to 88 USDT in Futures Bonuses. HTX has committed to using all fee income generated from participants trading BTCUSDT perpetual futures during the event for $HTX buybacks, aiming to support the stable appreciation of $HTX. The repurchased $HTX will be entirely burnt, aligning with the platform's quarterly burn schedule.
This initiative by HTX not only provides traders with an opportunity to profit from the anticipated market volatility surrounding Bitcoin's halving but also underscores HTX's commitment to fostering innovation within the cryptocurrency ecosystem. By leveraging the 'Trade to Earn' model, HTX is positioning itself at the forefront of market adaptation and business innovation, ready to navigate the challenges and opportunities presented by Bitcoin's new developmental cycle. For more details on the event, visit https://www.htx.com.
