Recently, the first phase of the TradFi contract mining activity of Huobi HTX successfully concluded. This event ignited the enthusiasm for trading traditional financial assets in the crypto market with its innovative gameplay of "24/7 continuous mining" and "up to 110% fee rebate."

Official data shows that the first phase of the event not only recorded a remarkable total trading volume of 63.37 million USDT but also produced a “super winner” who claimed a reward of 5,206 USDT, fully demonstrating the significant effectiveness of the event in enhancing the trading experience and reducing trading costs.

Amidst the current fluctuations in the crypto market, the TradFi perpetual contracts launched by Huobi HTX provide users with excellent risk hedging and cross-border investment tools. Through the "trading mining" model, users can seamlessly capture macro dividends from the surges in US stocks and the volatility of gold without worrying about fee friction, using familiar USDT principal.

Negative fee trading, continuous trading incentives 24/7

Official data shows that the cumulative trading scale of the first contract mining activity strongly broke through 63.37 million USDT. During this period, the platform awarded users a total of 23,477 USDT in rewards, saving users a total of 22,238 USDT in fees (equivalent to about 1.8 billion $HTX returned). This series of impressive data is due to Huobi HTX's "negative fee" trading mechanism and 24/7 incentive model.

During the event, users participating in designated TradFi perpetual contract trading could receive up to 110% $HTX reward based on the actual fees incurred. This means that the rebates from the platform not only cover all fee costs but also provide additional rewards for users, transforming trading costs from "expenses" to "earnings," truly achieving "the more you trade, the more you earn." Furthermore, the platform sets a daily prize pool of 6,000 USDT and continuously issues rewards hourly, achieving 24/7 uninterrupted incentives.

It is worth mentioning that the trading targets of this event widely cover core TradFi assets such as metals, bulk commodities, indices, and stocks: from safe-haven and anti-inflation instruments like gold (XAU), crude oil (USOIL), to tech giants in the US stock market like Nasdaq index (QQQ), Nvidia (NVDA), and Microsoft (MSFT). The rich trading targets not only provide users with more diversified macro allocation, risk hedging, and cross-market trading opportunities but also further expand the application scenarios for the integration of Web3 and traditional financial markets.

Fee buyback and destruction of $HTX, building a positive cycle of trading and ecological value

In addition to trading rewards, another highlight of this event is the deep binding of user trading and $HTX ecological value.

During the event, all the fee income generated from designated TradFi contracts will be used to buy back $HTX and destroyed according to the platform's quarterly destruction plan. This mechanism organically combines the platform's trading growth with the value construction of $HTX, continuously incentivizing user participation in trading while strengthening the token's deflationary properties, promoting a positive cycle of "trading growth – buyback and destruction – value accumulation" within the platform ecology.

As the first phase of the event successfully concludes, the second phase of the TradFi contract mining activity at Huobi HTX has entered the preparatory stage. The platform will continue to launch a negative fee trading mechanism and 24/7 trading incentives, further expanding popular TradFi asset trading scenarios, allowing users to continuously enjoy the innovative experience of "trading equals earnings" while seizing global market opportunities.

In the future, Huobi HTX will continue to promote the deep integration of Crypto and TradFi through more diverse products, more competitive incentive mechanisms, and more comprehensive ecological construction, creating a more professional and efficient digital asset trading platform for global users.

About Huobi HTX

Huobi HTX was established in 2013 and has transformed from a cryptocurrency exchange into a comprehensive blockchain business ecosystem after 13 years of development, covering digital asset trading, financial derivatives, research, investment, incubation, and other businesses.

As a leading global Web3 portal, Huobi HTX adheres to a development strategy of global expansion, ecological prosperity, wealth effects, and safety compliance, providing comprehensive, secure, and reliable value and services for virtual currency enthusiasts around the world.

For more information about Huobi HTX, please visit https://www.htx.com/ or HTX Square, and follow X, Telegram, and Discord. If you have further questions, please contact [email protected].